Asset Management Enhancements
(Doc ID 2261695.1)
Last updated on SEPTEMBER 27, 2021
Applies to:Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.
This note provides a description of asset management enhancements included in OLFM as of the 12.2.5+ Delta 4 patch.
The changes contain:
1. Configurable Quote Lines and Calculations
2. Ability to Manage Receivables on Termination
3. Termination Quotes Enhancements
4. Renewal Refinance Enhancements
5. Terminate Defaulting and Delinquent Contracts
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
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