Metrics define the measurements to meet in a covenant. You can apply platform metrics to any accounts in the platform, whereas you can only apply account metrics to a specific account.
Notes:
- Only administrators can create account metrics.
- Only Finance Active administrators can create platform metrics.
Prerequisites
Contact your Finance Active consultant to:
Navigate to the Account Metrics
- Log in to your Fairways Debt account and select a customer account, if relevant.
- Navigate to Applications
> Account Administration.
- Click Account > Account Metrics.
In this example, we log in to the Main City account.
Create a Metric in the Account
- Click Add Metric.
- Select a metric type.
| Metric Type | Description |
|---|---|
| Manual Metric | Custom data to enter. |
| Formula Metric | Custom computation formula to configure. |
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
| Field | Description |
|---|---|
| Name | Metric name. |
| Description | Additional details about the metric. |
| Format |
Metric data type. Note: Different formats display depending on the metric type selected. |
| Scope |
Note: This field only displays for formula metrics. Metric scope: either at entity level or at transaction level. A transaction-level metric can be linked to any transaction within the perimeter to create a covenant. |
| Field | Description |
|---|---|
| Perimeters | Borrower(s) to which the metric applies. |
| Field | Description |
|---|---|
| Formula |
Note: This field only displays for formula metrics. Metric computation formula. |
- Click Apply.
If you have entered a description, you can hover over the information icon
If you have entered a fomula, you can hover over the formula icon in the Formula column to display the metric formula.
Tip: Click the clock icon on the top-right corner to view the change history on a dedicated panel.