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Process flow - Credit approval

This cross-functional flowchart sample shows the credit approval process.
"Credit (from Latin credo translation. "I believe" ) is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower." [Credit (finance). Wikipedia]
The swim lane diagram example "Process flow - Credit approval" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Process Flowcharts solution from the Business Processes area of ConceptDraw Solution Park. Read more
Swim lane diagram
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The Business Process Mapping solution for ConceptDraw PRO is for users involved in process mapping and creating SIPOC diagrams. Read more
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Cross-functional flowcharts are powerful and useful tool for visualizing and analyzing complex business processes which requires involvement of multiple people, teams or even departments. They let clearly represent a sequence of the process steps, the order of operations, relationships between processes and responsible functional units (such as departments or positions). Read more
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