Transaction Types, Status and Processing Order

Transaction type indicates the type of transaction processing that is needed.  Most transaction rule types are overridden at the plan level and are configured as a Policy-Financial.  Transaction types are named according to their level and the type of processing they perform.  Also, a financial transaction does not necessarily imply that there is a movement of funds.  It is a designation within the system that is used to identify activities that impact data or initiate processing at the policy or plan level.

All client level transactions must be performed at the client level.  You will want to locate the client folder under the appropriate plan and then you can create the client level transaction.

Transaction Types and Definitions

Status indicates the policy status that the transaction must be in to be available to the end user.  This option should be kept as active.  The EligibleTransactionsByPolicyStatus business rule actually controls the transaction’s availability based on policy status.  See EligibleTransactionsByPolicyStatus section of this guide for further information on the EligibleTransactionsByPolicyStatus business rule.

Processing Order is the order in which the transaction should run.  You can view the order in which all transactions are processed by selecting the Time Line button.  The Time Line button is available when the transaction is first created and also on the transaction’s general pane.