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24B: Revenue Lease Terminations Import (Doc ID 3017408.1)

Last updated on APRIL 24, 2024

Applies to:

Oracle Fusion Lease Accounting - Version 11.13.24.04.0 and later
Information in this document applies to any platform.

Goal

Use the Manage Options and Terminations Import utility to simplify end of lease activities for revenue leases, including exercising or canceling options and terminating leases. Exercise a lease option to automatically put into effect the right conferred by the option; either to shorten or extend the lease. Cancel a lease option if the option wouldn't be exercised in the future. Terminate a lease, fully or partially, if the lessor or the lessee needs to break the lease early. In all cases, the contract is automatically amended to adjust billing, revenue recognition, and accounting balances; and maintain an audit of the changes. The Manage Options and Terminations utility removes or reduces the need for manual intervention during the end-of-lease processes.

 

Solution

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In this Document
Goal
Solution

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