(Doc ID 2263761.1)
Last updated on DECEMBER 04, 2019
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 funding features introduced in OLFM as of the 12.2.5+ Delta 4 patch.
Lessor, in an effort to increase sales, facilitate arrangements with suppliers, vendors or brokers to create new financing transactions and help them manage their cash flows. These arrangements often involve the creation or designation of pools of funds to be reserved for a specific purpose and to vendors and suppliers in advance, stage-wise or progressive payment to vendors as when required with reference to asset even before the contract booking and allow the lessor to short fund the vendor by adjusting the dues which vendor owes to lessor on a different business transactions.
Additionally, on a more general level, lessors also require funding processes to be transparent and clear as well as flexible enough to respond to contract changes that impact fundable amounts.
The features described in this documents have been developed to enhance funding functionality:
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