Define a Default Scorecard
Prerequisites
Before you begin to set up a scorecard, ensure that the following prerequisite is met:
The Use Rule based Scorecards check box under Org Parameters is clear.
Steps
To set up a scorecard:
Log in to your Salesforce account.
Go to Origination Configuration > Credit Setup.
Select Scorecards.
Select New.
On the Scorecard Edit page, provide the details as described in the following table, and then select Save:
Field Name Action and Information Scorecard Name Specify a name for of the scoring parameter.
For example, Financial Scorecard, or Personal Information scorecard.
Total Weight Specify the weight that you want to distribute over all the criteria defined in this scorecard.
For example, 50.
Use Input as Score Select this check box, if required.
The Use Input as Score option enables the system to use the value input by the user and multiply it with the weight to evaluate the weighted score. This is explained through the example below. If not selected, the value input by the user is evaluated as per the defined criteria and then a score is assigned.
You cannot modify your selection of this check box at a later time.
Object Type Select the Object Type.
This can be Application, Account, or Party.
Enabled Select this check box to indicate whether the scorecard is currently active or not.
Only active scorecards are considered for evaluation.
Example of Use Input as Score
This example explains how user input is used as a score for evaluating a scorecard criterion:
Assume that borrower A has a credit score of 560 and number of years in job is 2. Whereas, borrower B has a credit score of 780 and number of years in job is 4.
If you do not select Use Input as Score:
Parameter | Criteria | Score | Weight | A's Value | B's Value | A’s Weighted Score | B’s Weighted Score |
|---|---|---|---|---|---|---|---|
Credit Score | Between 450 - 750 | 10 | 2 | 560 | 780 | 10 * 2 = 20 | 0 |
Number of Years in Job | > 2.8 | 5 | 1 | 2 | 4 | 00 | 5 * 1 = 5 |
Total Score | 20 | 05 |
If the criteria are met, weighted score is score defined on the criteria multiplied by the weight.
If the criteria are not met, the score is considered 0 and so the weighted score is 0.
Sum of all the weighted score is the total score.
If you select Use Input as Score:
Parameter | Weight | A's Value | B's Value | A’s Weighted Score | B’s Weighted Score |
|---|---|---|---|---|---|
Credit Score | 0.1 | 560 | 780 | 560 * 0.1 = 56 | 780 * 0.1 = 78 |
Number of Years in Job | 2 | 2 | 4 | 02 * 02 = 04 | 04 * 02 = 08 |
Total Score | 60 | 86 |
Weighted Score = Value Specified by User * Weight.
In this type of scorecard, the application does not check if a criterion is met or not. The value of the selected field is multiplied by the weight to get the weight score. Sum of the weighted score is the total score.
Scorecard Selection Criteria
Prerequisites
Before you begin to define scorecard selection criteria, ensure that the following prerequisite is met:
- The Use Rule based Scorecards check box under Org Parameters is clear.
Steps
To define scorecard selection criteria:
Log in to your Salesforce account.
Go to Origination Configuration > Credit Setup.
Select Scorecards.