This level of flexibility allows clients to be able to
design any type of flow across their teams. In fact most clients setup the
statuses to be accessed by different ROLES, which roles are also dynamic. This
feature enhances the process whereby the lifecycle goes through certain roles
based on the stage at which the application is at. This can be configured in more
detail to enable role-status linking based on the risk of the application.
A
classic example that is often used, is the ability to allow a JUNIOR TEAM to
only be able to APPROVE and REJECT applications that are LOW risk, however
higher risked applications the same JUNIOR TEAM can only RECOMMEND FOR APPROVAL
which would move the application through a different flow (in this case
four-eye approval).
Also in the configuration of such statuses, KYCP CLM allows the
user to see what is called the STATUS FLOW. As can be seen in the below image,
this depicts the entire flow that has been configured.
This visual adds a lot of business benefit in
helping to create and design complex flows within the lifecycle of KYC Portal CLM. This
status flow can also be printed using the top right PRINT icon into an image or
PDF.