Create Financial Components Process

The eligibility and entitlement engine generates financial components from case decision objectives. To generate these financial components, the eligibility and entitlement engine uses the case decision period and the nominee delivery frequency. For a case decision period that encompasses one or more deliveries based on the delivery frequency, the eligibility and entitlement engine will create a recurring financial component. If the case decision period includes a portion of the delivery frequency at the beginning of the period, the eligibility and entitlement engine will create a non-recurring financial component known as a ramp-up financial component. If the case decision period includes a portion of the delivery frequency at the end of the period, the eligibility and entitlement engine will create a non-recurring financial component known as a ramp-down financial component. Ramp-up and ramp-down financial components are once-off, i.e. they will only be processed once.

Note: Using manipulateFinancialComponents Hook

Customers can use the manipulateFinancialComponents hook to add custom processing to the create financial components process. The custom processing added to this hook will be called prior to the generation of the financial component details.