Ask ExpertsCategory: Lease and Finance MgtQuestions on Legacy to OLM Conversion.
Mahesh_123 asked 10 years ago

Hi Experts,
Apologies,I am asking you multiple questions on Automotive operational lease(in Legacy) conversion to Oracle Lease Management.

1)Road tax ,Stamp tax,Registration tax ,Green tax(Co2 emission based on vehicle ageing usually every year)
Toll fee etc,Excise duty changes in Europe,Legal and Fiscal changes are often in Eastern Europe for Oracle Lease Management EBS R12
in automotive lease management for Cars/Vans taxation product to implement EBS R12 EBIZZ/Vertex/Taxware for above specification.
2)Total Invoice amount per month = Monthly Lease per + Maintenance Lease per month + Insurance Lease per month(as per Quotation) (maximum duration of leasing is 60months).
What terminalogy it is called in OLM or it is book through AR what terminalogy it is called.
3)Miscellenious Invoicing:This is in case of Traffic fine,Break down etc who to book in OLM.
4)Insurance Leases are Third party Liability,Civil Liability,Material damage,Legal cost,how to handle them in OLM.
5)In Europe every year there will be change of tires during summer and winter due to climatic Condition. i.e summer tires and winter tires. It will come under
maintenance lease. What set up we need to do in OLM.
6)In our automotive lease business we used to have contract with fuel providers like shell and get the fuel cards and it will be given to customers and we will get
the commission out of that. How we can setup in OLM.
7) In my resume I had put implementation of Oracle Lease Management in Lithuania which is a Baltic country comes under Europe union and follow the multi currency system Local.Euro,
USD,GBP,SEPA and the car will be also running in other Baltic countries Estonia,Latvia. How to handle this OLM.
8)In Euro Zone When the Contract starts(Vehicle is delivered to customer) Vehicle will be having Plate number e.g.:AZXCVB but in case of early
termination(60 months contract ended at 36 months) or Normal termination if the asset in good shape then then will give new lease(Contract) to different customer but
the Plate number will be re-employed means it will be AZXCVB-A, if any contractual change for the same vehicle again and to different customer for e.g. asset will go for
short term leasing then the Plate number will be again re-employed to AZXCVB-B so on until disposal. This scenario how can be handled in OLM. Chassis number of the vehicle
is the most important thing in Euro Zone.
Thanks in Advance.
Awaiting for your feedback.
With Regards,
Mahesh.

Mahesh_123 replied 10 years ago

Hi Admin3,Thank you very much for your concerns and quick feedback.With Regards,Mahesh.

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