PREO stores both Funding Rates (set by XFS and distributed by XBS CFO) and Regional Rep Rates. Rates are configured with "Effective Dates" that are then applied to PREO Proposals using this date compared to the current date or the "Submitted Date" of the Proposal.
To manage lease rates, PREO uses an import process.
Global Admin receives Funding Rates via PDF file with a defined effective date
Global Admin populates Excel Import file with new Funding Rates
Global Admin imports Funding Rates
Global Admin Exports Funding Rates and requests a third party to validate the imported data against the original PDF File
Once Funding Rates for an Effective Date are imported into PREO, Regional Administrators can use PREO to create Rep Rates.
Regional Administrator Selects the effective Funding Rate
Regional Administrator Sets the Markup value for FMV/$1 Out, SLG/Non-SLG, XFS/Non-XFS.
PREO creates the Rep Rate table using the Markup Values entered by the Regional Administrator