Академический Документы
Профессиональный Документы
Культура Документы
1.1 Introduction
In Funding a contract, the lessor, pays for the equipment and related fees that
comprises the lease. Many leasing companies must purchase or fund the
equipment from a supplier. Leasing companies (lessors) then lease out that
equipment to customers (lessees). When a lessor purchases equipment from a
vendorthe purchase cost is called the "funding"and leases the purchased
equipent to a lessee. The lessee, in turn, makes lease payments to the lessor.
1.3 Processes
Contracts are funded using Funding Requests. Funding requests allow users to
pay suppliers of assets, fees and services. Funding requests may be associated
to a checklist to insure credit or other risk control policies are met before the
funding is approved.
Navigation
Origination -> Funding -> Funding Summary ->Create Funding Request
1. On the Funding Summary page, click the Create Funding Request button. The
Funding Summary page displays all of the funding requests for the selected contract.
2. To edit or view an existing request, click the request number hypertext link of
the request to be changed.
3. On the Funding Request page, select the Funding Type from the list of values.
The possible values include:
Expense: Allows paying for part or all of a fee or service that is added
to the contract provided by a third party.
Fund Asset: Allows paying for part or all of the equipment.
Re-funding: Allows paying a vendor before the contract is booked.
Supplier Retention: Allows to record customer payments to the dealer
that are held as funding debits that can net against other funding.
4. In the mandatory funding Request Number field, enter a unique alphanumeric
string.
5. Enter a short Description of the funding request.
6. Click the flashlight icon and choose the Vendor Number from the list of values
This is the vendor receiving the funding payments from the lessor. The Vendor Name
appears after selecting the vendor number.
7. Click the flashlight icon and choose the Vendor Site from the list of values. This
opens the address to send the funding payments.
8. Enter the Amount of the funding. This field accepts negative numbers for a pre-
funding request type. Enter a negative number when doing a reversal.
9. The Date Entered field populates with todays date.
10. In the next field, enter the Due Date when the payment is due to the vendor.
11. Choose a Payment Method (such as check payment) from the list of values.
12. Click the Create button to save the work.
13. After the funding request is complete, submit it for approval by clicking the
Submit Request button. This action starts an approval workflow for the funding request.
To cancel this request, click the Cancel Request button.
14. Repeat the preceding steps for each funding request.
15. To return to the Summary page to see a summary of all the funding requests
associated with the selected contract, click the Summary button.
1.4 Transactions
After submitting a request for funding, an approval workflow is started.
When the request receives the proper approvals, or the mandatory items on a
funding request checklist is checked off as completed, it goes to the Funding Approver
for final approval.
Then it is made available to the Oracle Lease Management disbursement
process, which occurs when the Pay Invoice Transfer concurrent program is run.
To cancel a funding request prior to approval, navigate to the Funding Request
Details page and click the Cancel Request button.
Tables involved.
Run below queries individually for those three contracts which are having issues.