Product Management
Configuring Lending Products for Your Business
Product management in timveroOS encompasses the complete lifecycle of lending product configuration, from initial design through ongoing optimization. The platform provides comprehensive tools for defining, managing, and evolving your product portfolio without programming requirements.
Core Product Management Components
The system organizes product management around several interconnected components that work together to deliver flexible, sophisticated lending capabilities:
Product Architecture
Credit Products: Define offered lending conditions including loan duration, interest rates, amounts, grace periods, commissions, contract templates, and collateral requirements
Additives: Detail credit product parameters regarding conditions and collateralization for specific participant's attributes
Offer Engine: Implement pricing algorithms through JavaScript/Python scripts that calculate offers based on participant profiles
Schedule Engine: Create amortization schedules when concluding agreements or disbursing credit
Document Templates: Generate credit agreement templates and other documents when specific events occur or participants transition to specific statuses
Each component serves a specific purpose while integrating seamlessly with others to support complex product strategies.
Section Contents
Learn how to configure lending products including terms, rates, amounts, documentation requirements, and operational parameters through visual configuration tools.
Understand how additives enable sophisticated product segmentation, allowing single products to serve multiple customer segments with appropriate variations.
Explore the scripting capabilities that enable dynamic offer calculation based on participant profiles and product parameters.
Discover how to configure and manage various asset types for secured lending, including vehicles, real estate, and other collateral.
Product Management Capabilities
Configuration Without Programming
timveroOS separates product definition from system code, enabling business teams to:
Define product parameters through visual interfaces
Modify terms and conditions instantly
Create segment-specific variations
Test configurations before deployment
Maintain complete version control
Dynamic Offer Generation
The Offer Engine provides sophisticated pricing capabilities:
JavaScript/Python scripting for calculations
Access to participant profiles and product data
Conditional logic for eligibility
Integration with risk assessments
Real-time offer computation
Comprehensive Collateral Support
For secured lending products:
Configure multiple asset types
Define validation rules
Establish documentation requirements
Create asset-specific workflows
Integrate with valuation services
Implementation Approach
Product Design Process
Step 1: Define Base Products Establish fundamental product parameters:
Loan amounts (minimum/maximum)
Term ranges
Interest rate structures
Fee frameworks
Documentation requirements
Amortization schedule configuration
Step 2: Create Additives Develop variations for market segments:
Risk-based tiers
Collateral-dependent options
Channel-specific offerings
Promotional variations
Loyalty programs
Step 3: Configure Pricing Logic Implement offer calculations:
Define pricing algorithms
Set eligibility criteria
Configure risk adjustments
Establish override rules
Test calculations
Step 4: Integrate Components Connect products with system:
Link to business processes
Configure workflows
Set up notifications
Define reporting
Enable channels
Version Management
The system maintains comprehensive version control:
Track all configuration changes
Compare versions side-by-side
Roll back when needed
Maintain audit trails
Support compliance requirements
Important considerations:
Credit products aggregate additives
New product versions require new additives
Inactive versions until fully configured
Existing loans continue under original terms
Best Practices
Product Portfolio Management
Start with core products
Add complexity incrementally
Document all configurations
Test thoroughly before launch
Monitor performance continuously
Additive Strategy
Use additives for segmentation
Avoid product proliferation
Maintain clear naming
Document eligibility rules
Plan for modifications
Pricing Optimization
Begin with simple algorithms
Test with real scenarios
Monitor acceptance rates
Refine based on data
Balance risk and opportunity
Integration Points
Product management integrates with:
Business Processes: Define when products are offered
Workflows: Determine eligibility and scoring
Schedule Engine: Configure payment schedules for concluded agreements
Notifications: Configure communications
Reporting: Track performance
Key Considerations
Compliance Requirements
Ensure fair lending practices
Document all decision logic
Maintain complete audit trails
Support regulatory examinations
Enable consistent treatment
Operational Efficiency
Minimize configuration complexity
Automate where possible
Provide clear documentation
Train staff thoroughly
Monitor system performance
Business Alignment
Match products to strategy
Consider market needs
Balance risk and return
Enable quick adjustments
Support innovation
Next Steps
After understanding product management:
Review Decision Configuration for scoring setup
Explore System Operations for management tools
Consider Implementation for rollout planning
timveroOS: Comprehensive product management for modern lending operations
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