Warehousing entity
The warehousing entities hold all the financial control accounts and the bank accounts and as such all transactions in the platform reside at warehousing entity level. Many warehouse entities can be created for a finance company allowing a finance company to have more than one bank account and different control account setups.
How are warehouse entities assigned
When the investor record for the customer it is assigned the "investor fund warehousing entity" that has been setup against the customer.
When the fund account for the customer it is assigned the "investor fund warehousing entity" that has been setup against the customer.
When an application is created, the application will be assigned to the warehousing entity that exists against the originator group and product the application was created in. Users can modify the warehousing entity the application belongs to by navigating to the application and updating it.
When the application is purchased to become a finance agreement, the finance agreement will be assigned to the warehousing entity the application belongs to. Users can modify the warehousing entity the finance agreement belongs to by navigating to the finance agreement and updating it.
Any bids created against the application will be assigned to the warehousing entity the investor belongs to. Users can modify the warehousing entity the bid belongs to by navigating to the bid and updating it.
When the application is purchased and the bids become investments, the investments will be assigned to the same warehousing entity as the bids. Users can modify the warehousing entity the investment belongs to by navigating to the investment and updating it.
Here is an explanation on how to change the warehousing entity on an application. The same process applies when trying to change the warehousing entity on a finance agreement, bid, investment, customer etc.
A business customer is any business or organisation e.g. company, trust etc. All details specific to the business are stored against the customer (with information like address, contacts, bank accounts, etc).
2. Navigate to the application :
3. Once you have located the application in the list that you would like to change, using the filter options available, click on the hamburger menu in the top right hand corner of the page, select update and click on warehouse entity.
4. Select the new warehouse entity in the list and click the save button.
Once save the warehousing entity will be displayed against the application under the entity tab
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