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.

To add the EQM quote to an existing rental agreement, you must activate Conn to rental in 'Quotation Type. Open' (QUS020). 'Rental Agreement. Create' (STS085) is displayed when you click Create order from the EQM header or EQM details, and you can specify an existing rental agreement.