There is various information required within the finance of the organization. The CFO required the professional quality of the financial statements, financial forecasters required to analyze the ledger balances, and to the other users required to perform the ad hoc transactional of the information Oracle Financials applications and it is designed to see the business requirements of the asset-based finance companies spanning to the entire lease of the life cycle. The Oracle Lease of the Management solution that allows for the lease origination to contract the termination and asset to the disposition.
Following the terms are used in the Oracle for the Lease of the Management:-
Contract authoring is the process by which the Lessor or they enter to the details of an agreed-upon to the deal with the lessee and it value to the contract in the Oracle for Lease Management. During to the authoring, an inactive contract is made and then too they complete it by selecting or entering the data, and mixing the financial asset and the fee lines to the contract.
It defines the Credit Limit to be a system for the lessee either manually in the Lease management or with the workflow coming through the Credit Management (a feature of the Oracle Receivables). Establish at least one of the credit line for each of customer lessee. During the sales origination process, prior to authoring a contract, determine the customer’s potential credit line by evaluating the customer’s credit application and performing credit checks.
Through the vendor of the programs, Oracle of the Lease Management allows maintaining the Terms and the conditions that govern the responsibilities of different parties involved in the lease of the transaction. A typical different -party relationship might involve the vendor, which is the point of origin of the equipment; a dealer, who is authorized to sell the equipment; and a Lessor, who agrees to finance the equipment on behalf of the customer.