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OLM has number of concurrent programs for processing data within OLM and transfer of data to
other modules like AP, AR, GL etc. All these concurrent Programs are accessed by using Lease
Administrator responsibility which is in Oracle Forms Version.
Lease Center Agent Responsibility in Oracle Forms Version is used for the inquiry to Resolution
Business Flow.
1. Credit Application to Booking:
Modules involved: AP, FA, GL, Inventory, Contracts Core and Installed Base
A Third party Lease Price modeling software, SUPER TRUMP performs stream generation and
Lease Pricing
Credit Approval
Authoring a Contract
Vendor Payment
Asset Tracking
For some clients, Credit Application of the Lessee( Customer) is processed in a separate system.
Approved contract is entered in OLM. Contract information is available different subsystems.
Most of the times, Contract has to be imported by drawing information from those subsystems.
In a few cases, we may be entering a Contract from scratch
2. Invoice to Receipt:
Modules involved: AR, Collections, GL, Contracts for Service
Billing functionality identifies items to be passed onto lessee.
Billable items are as follows
Cost of the equipment multiple assets
Fees incurred like Customer Service Fee, Documentation Fee
Expenses like Insurance premium, Installation charges
Taxes like Sales Tax, VAT
Billing amounts may be generated automatically or manually
Lessee may have assets at multiple locations under same lease contract
Various Billing requirements like Usage Based Billing
Payments from Lessee Receipts to Lessor
Transfer of funds Lessee or Lessor may initiate
Mode of Payments: Direct Debits, Checks, Wire Transfers or Credit Cards
Notifications to Customers
Collections missing Payments, delinquent, litigations etc
3. Quote to Termination:
Remarketers
Assignment Groups
Interaction History
Fulfillment
Summary of the modules used in OLM:
Functional
Financials : GL, AP, AR and FA
Contracts: Contracts core, Contracts Service
CRM: CRM Foundation, Installed Base, Telesales, iStores, Marketing Online
Distribution: Inventory, Advanced Pricing
(Telesales Customer Service and Collections Functionality)
Technical
Workflow Processes Approvals and Notifications
XML gateway Integrates with Lease Price Modeling Software
Advanced Inbound and Outbound Customer Service, Call Center functionality, Universal
Workques, Fulfillment Server