11i Lease Management Fundamentals

Oracle Lease Management is an Oracle e-Business application; integrated into the complete e-Business suite, designed to meet the business requirements of asset based lenders and equipment lessors throughout the entire lifecycle of a lease or loan. This course is designed to help lessors and lenders implement the complete process from submitting a quote for a lease or loan contract, through creating, booking, and maintaining a contract, on to terminating the contract, and disposing of returned assets.

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.

Audience

• Functional Implementer

Course Topics Understanding the Oracle Lease Management Application Interface

• Using Lease Management within the Oracle E-Business Suite
• Using Lease Management with CRM Applications
• Using Lease Management with ERP Applications
• Understaning Opportunity to Booking
• Understanding Invoice to Termination
• Understanding Asset Return to Disposal
• Understanding Period Open to Period Close and Inquiry to Resolution

Understanding the Lease Management Application Interface

• Using Lease Management within the Oracle E-Business Suite
• Setting Up Oracle Application Modules for Lease Management
• Enabling Contract Autonumbering
• Adding Quality Assurance Checks
• Remarketing Assets Using Oracle iStore
• Customizing a Standard Order Management Workflow

Defining Financial Elements

• Accounting for the Contract
• Understanding Streams
• Using the Account Generator
• Defining Accounting Options
• Associating Organization Unit to a Set of Books
• Creating Product Templates
• Defining Products
• Associating Financial Products to Lease Price Modeling Software Templates

Creating Master Lease Agreements

• Identifying Terms and Conditions Compared to Articles
• Setting Up a Master Lease Agreement
• Creating Master Lease Agreements
• Adding Articles to Master Lease Agreements
• Activating the Master Lease Agreement

Creating Quotes

• Understanding the Lease Life Cycle – Opportunity to Quote
• Identifying Prerequisites for a Quote
• Creating a Quote
• Updating Residual Values

Using Credit Management

• Understanding Credit Management Integration
• Using Funding and Credit Line Checklists
• Identifying Mandatory and Recommended Activities
• Creating and Activating a Credit Line and Credit Limit

Defining Insurance

• Identifying Insurance Elements to Define in Lease Management and Other Applications
• Ranking Insurance Providers
• Defining Insurance Products
• Defining Insurance Asset Classes
• Defining Insurance Rates
• Defining Insurance Restrictions
• Setting Up Residual Value Insurance

Authoring Contracts

• Creating a Contract
• Entering contract details
• Entering asset details
• Entering billing details required to create a lease contract
• Validating, booking, and activating the contract

Funding Contracts

• Creating funding requests for payments to vendors or 3rd party providers
• Submitting funding requests
• Interfacing funding request to Oracle Accounts Payable

Implementation Steps for Billing

• Defining Billing Elements in Lease Management
• Combining Assets & Contracts
• Combining Billing Types in an Invoice Line Type
• Creating an Invoice Group
• Defining Interest Rates
• Setting up Late Policies
• Understanding Invoice Search and Cash Application Rules

Generating Billing, Payments, and Disbursements

• Performing the billing procedures
• Performing the disbursement procedures
• Performing the receipt procedures

Creating Vendor Agreements

• Adding parties and party contacts to a vendor agreement
• Adding terms and conditions to a vendor agreement
• Adding articles to a vendor agreement

Revising Contracts

• Rebooking a contract
• Using Mass rebook for contracts
• Splitting a contract
• Splitting an asset
• Reversing a contract
• Viewing contracts under revision

Providing Quotes and Terminating Contracts

• Providing a quote for a termination, repurchase or restructure
• Terminating a contract
• Creating and using a contract portfolio

Disposing of Returned Assets

• Understanding off-lease amortization rules
• Creating and updating asset returns
• Creating asset conditions and condition lines
• Issuing asset repair invoices

Using Lease Accounting

• Understanding lease income accrual rules
• Generating accruals
• Generating loss provisions
• Understanding, specifying, changing, and viewing salvage and residual value writedown
• Understanding the tasks to be performed at period close

Using the Oracle Lease Center for Customer Service

• Logging in to the Lease Center
• Understanding the Lease Center Agent and Manager responsibilities
• Using the Universal Search
• Navigating through the Lease Center
• Using the tabs to add a note, issue a credit memo, and send documents
• Understanding fulfillment mapping
• Identifying service fees

Course Objectives

• Describe the major features of Oracle Lease Management
• Identify the implementation steps for the prerequisite modules for Oracle Lease Management
• Use the implementation steps for Oracle Lease Management
• Create master lease agreements
• Create quotes for lease and loan contracts
• Create credit lines and limits
• Define insurance products, asset classes, rates, restrictions, and rank providers
• Author lease and loan contracts
• Create funding requests
• Create vendor program agreements
• Provide quotes and terminate contracts
• Use the lease accounting features of Oracle Lease Management