Setups by Feature FAQ for Oracle Lease

Management
Checked for Relevance on 02-APR-2014
Review the table below for a quick reference of the setups applicable by
feature in Oracle Lease Management. The detailed navigation and setup steps
are available in the Oracle Lease Management Implementation Guide.

Procedure:
1. Identify the feature in Oracle Lease Management you want to setup.
2. From table 1 identify the feature.
3. Asceratin the values you want to setup for the feature.
4. The setups and module are stated for each feature. The detailed
navigation and setup steps are defined in the Oracle Lease Management
Implementation Guide.

Example:
1.
2.
3.
a.

b.
c.
i.

Feature Contract Booking

Feature # 11
Values
QA check - no additional validations

Streams Unbilled Receivables, Unearned Income, Residual Value

Accounts
Unbilled Receivables (Dr), Lease Clearing (Cr.)

ii.
Lease Clearing (Dr), Unearned Income (Dr)
iii.
Residual Value (Dr), Lease Clearing (Cr)
4. Setups
d.

QA check (Oracle Contracts) no updates

e.
Stream types (Oracle Lease Management) Unbilled Receivables,
Unearned Income, Residual Value
f.
Stream Generation Template (Oracle Lease Management) - Unbilled
Receivables, Unearned Income, Residual Value
g.
Accounting Template Set (Oracle Lease Management) - Unbilled
Receivables (Unbilled Receivables (Dr), Lease Clearing (Cr.)), Unearned Income
(Lease Clearing (Dr), Unearned Income (Dr)), Residual Value (Residual Value
(Dr), Lease Clearing (Cr))
h.
Stream Generation Process (Oracle Receivables, Profile Options, XML
Gateway) for supertrump, if required
i.
OKL: Asset Addition Corporate Book, OKL: Contract Items Inventory
Organization, OKL: Lease Contract Approval Process, OKL: Lease Contract

Approver (Profile Options)

Table :
S.
No.

OLM
Feature

Values

Setups

Module

Absorbed Fee Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

Accrual

Streams,
Non accrual
rules,
accounting
for cash
based
streams

Asset
Condition

Streams and Repair costs, Oracle Lease

accounting stream types, Management
stream
generation
template,
accounting
template set

Asset
Disposal

Disposal
Transaction
process,
types
streams and
accounting

Accrual rules, Oracle Lease

accounting
Management
options
(financial
options),
stream types,
stream
generation
templates,
accounting
template set,
financial
product

Oracle Order
Management

Web store

Oracle iStore

Price List

Oracle
Advanced
Pricing

Operational
Oracle Lease
options
Management
(remarketing
and billing
options),
formulas,
stream types,
stream
generation
template,
accounting
template set,
remarketing
options
5

Asset Return, Repurchase

Repurchase vendor,
Process T&C calculation
basis

Remarketer
Oracle Lease
assignments, Management
program
agreement,
formulas,
stream types,
stream
generation
templates,
accounting
template set
OKL: Default Profile Options
Remarketer
Team for Asset
Returns, OKL:
Default
Subinventory

Automatic
Contract
Numbering

Sequence

Contract
numbering

Oracle
Contracts

Book
Operating
Classification Lease,
Direct
Finance
Lease, Sales
Type Lease,
Loan,
Revolving
Loan

Stream
generation
template,
Accounting
template set,
Financial
product

Oracle Lease
Management

Billing ImportStreams and Property tax

Oracle Lease

accounting

options,
Management
stream types,
stream
generation
template and
accounting
template set

Billing T&C

Hierarchy of Cash
streams for application
invoice
rules, search
consolidatio rules, invoice
n and cash grouping
application rules, invoice
messages

Oracle Lease
Management

10

Capitalized
Fee

Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

11

Contract
Booking

Validations, QA check
accounting
and streams

Oracle
Contracts

Stream types, Oracle Lease

stream
Management
generation
template,
accounting
template set
Stream
generation
process

Oracle
Receivables,
Profile Options,
XML Gateway

OKL: Asset
Profile Option
Addition
Corporate
Book, OKL:
Contract Items
Inventory
Organization,
OKL: Lease
Contract
Approval
Process, OKL:

Lease Contract
Approver
12

Contract
Party

Additional
party roles

Contract party Oracle

roles
Contracts

13

Contract
payment,
asset
payment, fee
or service
payment

Stream
names, tax
and
accounting

Stream types, Oracle Lease

stream
Management
generation
template,
accounting
template set
Transaction
types

14

Contract
Template

15

Credit Line

Oracle
Receivables

OKL: Allow
Profile Option
Lease Contract
Template
Creation
Checklist

Checklist

Oracle Lease
Management

OKL: Credit
Profile Option
Line Approver
16

Credit
Requests

Credit request Oracle Credit

processing
Management
OKL: Credit
Analyst

Profile Option

17

Currency
Conversion

Accounting Currency
currency
conversion
types and
Contract
rates
currencies

Oracle General
Ledger

18

Customer

Bill to
address,
payment
method,
bank
accounts

Oracle Trading
Community
Architecture

Customer

Payment
Oracle
method, bank Receivables
accounts
19

Depreciation

Depreciation

Oracle Assets

Method

method,
prorate
conventions

20

Early
Calculation Formulas
Termination basis
Quote
Calculation
T&C, End of
Term Quote
Calculation
T&C

Oracle Lease
Management

21

Expense Fee Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

22

Financed Fee Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

23

Force Place

Automatic
Oracle Lease
placement
Management
business rules
OKL: Days
Profile Option
after autoquote to policy
activation,
OKL: Days for
automatic
insurance
establishment

24

Funding

Streams and Stream types, Oracle Lease

accounting stream
Management
generation
template,
accounting
template set
Payables
source

Oracle
Payables

OKL: Funding Profile Option

Approver,
OKL: Funding
Request
Approver,
OKL: Lease
Funding
Approval
Process
25

Income Fee

Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

26

Interest
Calculation

Interest index, Oracle Lease

stream types, Management
stream
generation
template,
accounting
template set

27

Interest rate Basis of

T&C
interest
calculation

Interest rates, Oracle Lease

formula
Management

28

Investor
Agreements

Formulas,
Oracle Lease
stream types, Management
stream
generation
templates,
accounting
templates,
financial
products

29

Item Serial
Numbers

Serial control Oracle

Inventory

30

Late charge Basis of

Late policy
and interest calculating
T&C
late interest
and charges

Oracle Lease
Management

31

Lease Center Contract

elements
updated,

Profile Options

OKL: Allow
Renewal
Quote, OKL:

notification
templates
and tasks,
streams and
accounting
credit
memos

Asset Update
Enabled for a
Contract, OKL:
Debug, OKL:
Default Note
Type, OKL:
Email Identity,
OKL:
Fulfillment
Server, OKL:
Fulfillment
User, OKL:
Hangup On
End, OKL:
Interactions
Default Action,
OKL:
Interactions
Default Action
Item, OKL:
Interactions
Default
Outcome. OKL:
Interactions
Enable Auto
Wrapup, OKL:
Interactions
Enable
Automatic
Start, OKL:
Interactions
Enable Change
Activity, OKL:
Interactions
Generate
Event Activity,
OKL:
Interactions
Record Media
Item ID, OKL:
Interactions
Start On
Query, OKL:
Lease Center
Default Tab,
OKL: Recent
Number of
Days, OKL:

Script Launch
on Interaction,
OKL: Script
Launch on
UWQ Delivery,
OKL: Scripting
Installation,
OKL: Update
Asset Details,
OKL Update
Asset Return
Rules, OKL
Update Billing
Structure,
OKL: Update
Evergreen
Eligibility, OKL
Update Late
Charges Rules,
OKL Update
Misc Non
Financial
Information,
OKL Update
Party
Information,
OKL Update
Renewal
Options, OKL
Update
Termination
Option Rules,
OKL: Waive
Service Fee,
OKL: Waive
Service Fee
Limit, OKL:
WRITE_
CUSTOMER_
TEMPLATE
Fulfillment
CRM
templates and Foundation
tasks
Accounting
template set,
service fees,
process

Oracle Lease
Management

templates
32

Lease
insurance

Insurance
policies

Item type

Oracle
Inventory

OKL: Cancel Profile Option

policy with
proof of third
party
insurance,
OKL:
Insurance Item
Type, OKL:
Insurance Item
Type, OKL:
Insurance
quote deal size
limit, OKL:
Insurance
quote deal
term maximum
months, OKL:
Insurance
quote deal
term minimum
months, OKL:
Insurance
quote duration
in days, OKL:
Lead days to
notify
customer of
insurance
policy
expiration,
OKL:
Maximum
number of
months
allowed after
payment for
refund, OKL:
Maximum
number of
months to
refund, OKL:
Minimum
percent of
premium paid

for policy
activation,
OKL: Notify
customer of
insurance
policy
expiration,
OKL: Payment
Frequency for
Automatic
Insurance,
OKL: Percent
of total
premium to
pay, OKL:
Third Party
Task Group ID,
OKL: Third
Party Task
Owner Group
ID
Insurance
providers

Vendors

Oracle
Payables

Insurance
Oracle Lease
products,
Management
insurance
asset classes,
insurer
rankings,
insurance
restrictions,
stream types,
stream
generation
template,
accounting
template set
33

Lease items

List of lease Item and

Oracle
items
default values Inventory
OKL: Contract Profile Option
Item Inventory
Organization

34

Lease quote

Item residuals, Oracle Lease

lease rate sets Management

OKL: Number Profile Option

of days a sales
quote remains
valid
35

Like Kind
Exchange

36

Link Service List of items Item and

Oracle
Contract
default values Inventory

37

Loss
Provision

Accounting
options
(financial
options)

Basis of
calculation

Oracle Lease
Management

Service
Contracts

Oracle Service
Contracts

Operational
options
(termination
options)

Oracle Lease
Management

Aging Buckets Oracle

Receivables
Loss rates,
Oracle Lease
stream types, Management
stream
generation
template,
accounting
template set

38

Miscellaneou Fee names, Stream types, Oracle Lease

s Fee
account
stream
Management
codes
generation
template,
accounting
template set

39

Multi GAAP

40

Off Lease
Hold periods Off lease hold Oracle Lease
Amortization
periods
Management

41

Passthrough Fee names, Stream types, Oracle Lease

Book
Stream
classification generation
for each
template,
accounting accounting
representati template set,
on
financial
product

Oracle Lease
Management

Fee

account
codes

stream
generation
template,
accounting
template set

Management

42

Payment
stream
names

Stream
names, tax
and
accounting

Stream types
(billable),
stream
generation
template,
accounting
template set

Oracle Lease
Management

43

Purchase
Calculation Formulas
Options T&C basis

44

Rebook

45

46

Receipts

Oracle Lease
Management

Accounting Operational
Oracle Lease
options
Management
(termination
options),
formulas,
stream types,
stream
generation
template and
accounting
template set
OKL: Apply
Billing
Adjustment

Profile Option

Credit card
payments

Oracle
Payments,
Oracle
Receivables

Lockbox,
Direct Debits

Oracle
Receivables

OKL: AR
Payment
Method for
Credit Card

Profile Option

Rollover Fee Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,

accounting
template set
47

Sales
<Names>
Representativ
es

Sales
CRM
representative Foundation
s

48

Security
Deposit

49

Shipping
Instructions

OKL:
Profile Options
Transportation
Department
Notification

50

Split Asset

OKL: Split
Asset
Retirement
Type

51

Standard
Service

List of items Item and

Oracle
default values Inventory

52

Subsidies

Subsidy
Subsidies
name,
calculations,
accounting,
funding,
applicability,
recourse

Oracle Lease
Management

53

Tax Books

<Number> Tax asset

books

Oracle Assets

54

Termination Write off

OKL: Small
Profile Option
limit,
Balance Writestreams and Off Tolerance
accounting

Fee names, Stream types, Oracle Lease

account
stream
Management
codes
generation
template,
accounting
template set

Profile Options

Formulas,
Oracle Lease
stream types, Management
stream
generation
template,
accounting
template set

55

Termination Streams and Stream types, Oracle Lease

Quote
accounting stream
Management
generation
template and
accounting
template set

56

Termination Creation
Formulas
Quote
method and
Process T&C eligibility,
approval
basis,
calculation
basis for
gain / loss
Approval
Workflow

Oracle Lease
Management

Oracle
Approvals
Manager,
Oracle
Workflow

OKL: Manual Profile Options

Termination
Quote
Representative
57

Usage

List of usage Usage items

items and
counters

Oracle
Inventory

Counters

Oracle
Installed Base

Price List

Oracle
Advanced
Pricing

Service
Contracts

Oracle Service
Contracts

Stream types, Oracle Lease

stream
Management
generation
template,
accounting
template set
58

Vendor Cures Streams and Stream types, Oracle Lease

accounting stream
Management

generation
template,
accounting
template set

Common Questions

Setups that cannot be changed

Accounting templates transaction type, stream type, formula and other

parameters cannot be modified. The accounting template may be end dated
and a new one created.
Financial product Qualities, quality values and options on a financial product
cannot be modified after it has been used on a contract.
Stream generation template streams cannot be modified. Streams may be
added or the stream generation template may be versioned.

What is the use of setting up the Invoice Groups

Invoice group functionality is to consolidate billable streams across multiple

contracts or with in a contract or to group billing types or assets or any
combination of these. The result of this is to create a consolidated invoice
number that is interfaced to AR. Also when you run the 'Print Consolidated
Invoice' concurrent program from OLM, you can view the result of
consolidation.
Always one AR Invoice gets created for a billable stream. Invoice grouping
functionality does not group invoices in AR. It only creates the consolidated
invoice number.

What are the validations on the first GL calendar period

After the first accounting period is opened in OKL, prior GL periods cannot be
opened

Who is the "Customer" in this case in relation to the Lease Vendor

The user selects the customer account and billing details to be used if the
related vendor/supplier has to be issued an invoice. Vendors are issued
invoices for a number of purposes (recourse, repurchase, etc.). However, the
vendor is not billed on behalf of the customer for regular lease/loan payment
billing based on this set up.

In OKL G, I am looking for the Quote Line Alliocation screen to associate stream type to seeded
Quote type purpose. The implementation guide is saying that it is a required step.
Previously, in OKL F, it was attached to Setup> Asset Management but I can't see the same screen
in OKL G under the path Setup > Asset.

You will need to create stream types for the seeded stream purposes
applicable to termination quotes. Then, associate these stream types to the
Stream Generation Template and setup the template lines for the accounting
template.
The Quote Line Allocation screen has been removed in OKL.G. We are in the
process of updating the documentation.

The client will not be implementing iStore. The assignment of assets for remarketing shall not be
done by the standard process. Is there a requirement to set up Catalogs in the Inventory Module.

Oracle Lease Management allows you to define Remarketer Assignments by

Inventory Item Catalog and a date range. The Inventory Item Catalog setup
will allow you to classify items for this purpose.
The Item Catalog will be derived from the Item selected on the contract asset
line.
During Asset Return creation, the Remarketer Assignments setup will
determine which Remarketer gets assigned. In the absence of a match found,
the profile option "OKL: Default Remarketer team for Asset Returns" will be
used.