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Configurable Quote Lines and Calculations and other Enhancements (Doc ID 2188585.1)

Last updated on MARCH 17, 2022

Applies to:

Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.

Purpose

This note provides a description of asset management enhancements included in release 12.2.5 delta 3. 

Scope

This note includes the following changes:

  1. Configure Quote Lines and Calculations
  2. Ability to Manage Receivables on Termination
  3. Termination Quotes Enhancements
  4. Renewal Refinance Enhancements

Business Background

Lessors require termination quotes that meet not only the contract’s terms and conditions but also the requirements of the specific termination scenario being offered on the quote.  A termination scenario may determine not only what is quoted but also the pricing of some of the quote components. 

In addition, lessors may need to adjust open receivables in a way that enables them to use them as an incentive during termination negotiations.   Also, some lessor organizations require termination billing adjustments that meet their specific policies and standards and payment methods that apply to termination billing only. 

Finally, when lessor offer refinance deals to their customers they need the ability to refinance not only termination amounts, but also outstanding receivables and taxes.  They should be able to do this not only for contracts at the end of term but also for evergreen contracts. 

Details

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In this Document
Purpose
Scope
 Business Background
Details
 Solution Overview
 1.   Configure Quote Lines and Calculations
 1.1  Enable Termination Templates
 1.2  Search Termination Templates
 1.3  Create Termination Templates
 1.4  Create Termination Template Lines
 1.5  Update Termination Templates
 1.6  Validate Termination Templates
 1.7  Activate Termination Templates
 1.8  Use Termination Templates in Termination and Renewal Quotes
 2.  Manage Receivables on Terminations
 2.1  Provide System Option Adjust Open Receivables on Quotes
 2.2  Define Payment Method specific for Termination Invoices
 2.3  Customize Termination Billing Adjustments
 3.  Enhance Termination Quotes
 3.1  Create Quotes
 3.1.1  Provide Descriptive Flex Fields
 3.2.  Update Quotes
 3.2.1  Override Quote Line Amounts
 3.2.2  Prorate Quote Line Updates
 3.2.3  Update Open Receivables
 3.2.4  Provide Seeded Validations for Quote Amounts
 3.2.5  Provide Configurable Quote Validations
 3.3  Seed Quote Reason as an Accounting Source
 4.   Enhance Renewal Quotes
 4.1  Add Renewal Type Refinance
 4.2  Create Refinance Quotes
 4.2.1  Select Assets for Refinance Quotes
 4.3  Price Refinance Quote
 4.4  Approve Refinance Quote
 4.5  Accept Refinance Quote
 4.5.1  Provide Acceptance Details for Accepted Quotes
 4.6.  Implement Refinance Renewals
 4.6.1.  Terminate Accepted Asset Lines
 4.6.2  Create and Activate Refinance Contract
 4.7  Refinance Taxes Due on Termination
 4.7.1  Provide System Option Rollover Termination Taxes
 4.8  Refinance Open Receivables on Termination
 4.8.1  Provide System Option Rollover Open Receivables

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