Leasing Asset Owned By Lessor (Doc ID 2092155.1)

Last updated on MAY 24, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.1.2 and later
Information in this document applies to any platform.

Goal

As per OLFM standard functionality Asset is created in FA when contract is booked. System assumes the asset is procured for the purpose of leasing from a vendor. However, in this case assets are owned by lessor and they will lease them out on long term lease . How do we create lease contract for the assets owned by lessor? Is this even supported in OLFM?
 

Solution

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