Instrument Workflow

There are five key stages to the Instrument Workflow for Fundable Instruments. The number of steps and participation of different entities within each stage will depend on how the Product was structured by the Admin user. 

The five main stages consist of: 

1. Instrument Upload and Submission

2. Instrument Approval (optional)

   1. Payer Approval

   2. Finance Request

   3. Funder/Deal Manager Approval

3. Disbursement

   1. Confirm Readiness for Funding

   2. Manual/Automatic Funding

   3. Confirm Disbursement

4. Repayment

5. Reconciliation

The Stages required are set up by the Admin User as part of the Product Structure. Each Product Structure has a defined set of workflow steps. Each new workflow combined with the Product Group (e.g. where it is defined whether it is receivables, payables, loans etc) is treated as a single Product Structure in FinverityOs. 

FinverityOS allows freedom in how the Instrument Workflow is structured, and you can either create your own custom version, or use one of our Guides with typical Products set up.