Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Possible to update recurring payments on lease assets once lease expenses have been generated — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Possible to update recurring payments on lease assets once lease expenses have been generated

Question
17
Views
0
Comments
edited May 21, 2021 7:22AM in Assets

Summary

Is it possible to update the recurring payments (amounts and/or number of payments) once lease expenses have been generated

Content

Client has a large number of lease assets. During the lease asset lifetime, based on the number of payments periods, there can be multiple changes to the original asset terms. Changes can be early termination, extending the asset lifestyle and/or adjustment to the period payment amount. They don't want to terminate the existing lease asset and its payments, and create a new lease asset. They need to be able to keep history of the changes within the existing lease assets.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!