Financing records

You can link only one financing record to a quotation. This section describes how to configure basic information for each financing type.

  • '2-Rental'

    The rental rate is fetched using calculations of the standard rental price. When a quotation is released, a temporary rental agreement is created in 'Rental Agreement. Open' (STS100).

    If the equipment is already a rental equipment, then no internal customer order is created. To define a rental equipment, specify an equipment group with category set to '01-Rental' in 'Equipment/Serialized Item. Open' (MMS240).

  • '3-Leasing'

    Use of financing option 3 enables the creation of a rental agreement with a leasing line (line type L) in 'Rental Agreement. Open Lines' (STS201). If the equipment is not placed in the delivering warehouse, a CO is also created to move the equipment from the sales warehouse to the rental warehouse. The stock is placed in the rental warehouse using a positive transaction ID 90, with reference to the CO. If an external funder is connected in 'Quotation. Add Financing' (QUS116), the CO for internal movement also initiates a CO to the funder.

  • '4-IRR'

    Use of financing option 4 enables the creation of a rental agreement with a leasing line (line type L) in (STS201). If the equipment is not placed in the delivering warehouse, a CO is also created to move the equipment from the sales warehouse to the rental warehouse. The stock is placed in the rental warehouse using a positive transaction ID 90, with reference to the CO. If an external funder is connected in 'Quotation. Add Financing' (QUS116),the CO for internal movement also initiates a CO to the funder.

    For financing option 4, you can only specify agreement order types with Leasing method set to '1-IRR' in 'Rental Agreement Order Type. Open' (STS020/G).

    The leasing curve is calculated using the IRR leasing calculation. The input values for the calculation are: the Cost price, Residual value, Number of periods, IRR and several cash flow components such as, for example, insurance, administration or damages.