Option to Cancel Approved Funding Requests before Processing/importing to Payables (Doc ID 2215166.1)

Last updated on DECEMBER 16, 2016

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

Option to Cancel Approved Funding Requests before Processing/importing to Payables

Problem Description
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Business Process
1. Insurance Fee defined as capitalized fee and collecting from customer part of rents.
2. Insurance Fee need to pay to Vendor annually in equal installments.
3. Creating and Approved funding requests for future date in beginning of the contract.
4. If contract is terminated in middle of the term no need to disburse the balance amount to Insurance vendor since not collecting the same from Customer.
5. Currently there is no option to cancel approved funding requests either manually or automatically.
6. Currently we are Processing/importing funding requests to Payables and cancel these invoices before validation manually.
7. There should be an option to cancel approved Funding requests.
 

Solution

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