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Process For Financing With Services

Process For Financing With Services

Owned by Lango: Language and translation manager
Last updated: Sept 19, 2024 by Kalmová Silvia
2 min read

The process is applicable to contracts where the subject of the contract is returned to the leasing company (owner) at the end of the contractual relationship. Subsequently, the leasing company sells the item to another person, or concludes a new leasing agreement for the item. It is an operating lease (with or without services).

At the same time, the process is partially applicable to other types of financing, in cases where an object is returned (retained) and subsequently sold.

Some steps of the process are described in more detail in other manuals (PD on other areas), which is presented in the following chapters.

The basic steps of the process are described in the following subsections.

Change Detailed Contract Status, Print Queue Sheet 1

Changing the Status of Contracts to Status Ending and its corresponding detailed status according to the settings in the system.

The process (bulk task) is described above, chapter Proper termination of the contract (so-called step 1).

Financed Object Return

This thread involves the following steps:

  • Changing the Detailed Status

  • Extension of insurance to the client by the days by which the vehicle was returned later (according to the settings in the Insurance Product Status Relation)

  • Creation of "second-hand fuses" (according to the settings in the Insurance Product Status Relation)

  • Adding data to the subject (Vehicle Return Date, Mileage upon Return, Second Wheel Returned, etc.)

To perform these steps, the user has a wizard for changing the detailed status – see detailed description Contract Changes

Selling an Object

To record data related to the sale of an item, use the End on the subject card and the related subform Evidence of Object Sales Prices.

For a detailed description, see Financed Object

Financial Settlement of the Contract

Financial settlement can be made by the user before or after the sale of the item. In the current version, the system does not provide system support for the execution of FS. The basic structures are prepared in the system – they are described in the Financial Settlement

Change detailed status to Archived, Queue 3

To check the contracts and queue them, the user uses a task Checking Contracts Before Archiving (Checking Contracts before Archiving) and related functionalities – detailed description in the chapters above.