1 Funding

1.1 Introduction
In Funding a contract, the lessor, pays for the equipment and related fees that
comprises the lease. Many leasing companies must purchase or fund the
equipment from a supplier. Leasing companies (lessors) then lease out that
equipment to customers (lessees). When a lessor purchases equipment from a
vendorthe purchase cost is called the "funding"and leases the purchased
equipent to a lessee. The lessee, in turn, makes lease payments to the lessor.

Oracle Lease Management provides four funding types

1. Pre-funding:
An amount the lessor pays to a vendor prior to receipt of equipment invoices. For
example, if the price of an asset includes some customizations, the vendor may request
compensation in advance for that work from the lessor. Later, prior to booking, you can
create a "reverse pre-funding" entry of the amount pre-funded in order to adjust the
total funding amount.
2. Asset funding:
The actual amount the lessor pays to the vendor for invoices on which the assets
appear.
3. Expense Funding:
Any amount to pay (such as legal fees) that the lessor incurs and subsequently passes
on to the lessee.
4. Dealer retention:
Accounts for funds credited back to the funding account to cover costs such as a
security deposit that the vendor holds.

1.2 Setup related tables (both OLFM / other EBS product)

Responsibility Steps to define setups Screenshot Comments

Vendor has been
setup and is assigned
to the contract
Lease Super User Lines -> Assets -> For asset funding
Select the asset -> assign the vendor to
Supplier invoice the asset by getting
the desired contract
into context .
Select the vendor from
the flashlight icon and
update
The funding approval If OKL: Lease Funding
Responsibility
flow is decided by profile
OKL: Lease Funding
Approval Process
Steps to define setups Screenshot Comments
Approval Process = None,
the request will be
approved without going to
work flow approval process.

If OKL: Lease Funding

Approval Process =
Workflow / Approvals
Management, request will
invoke 'Lease Funding
Approval' workflow for
approval process. A
notification will send to the
approver to make decision
on the request. Based on
the decision, the funding
request status will be
updated..

1.3 Processes
Contracts are funded using Funding Requests. Funding requests allow users to
pay suppliers of assets, fees and services. Funding requests may be associated
to a checklist to insure credit or other risk control policies are met before the
funding is approved.

1.3.1 Create Funding Request

Navigation
Origination -> Funding -> Funding Summary ->Create Funding Request

1. On the Funding Summary page, click the Create Funding Request button. The
Funding Summary page displays all of the funding requests for the selected contract.
2. To edit or view an existing request, click the request number hypertext link of
the request to be changed.
3. On the Funding Request page, select the Funding Type from the list of values.
The possible values include:
Expense: Allows paying for part or all of a fee or service that is added
to the contract provided by a third party.
Fund Asset: Allows paying for part or all of the equipment.
Re-funding: Allows paying a vendor before the contract is booked.
Supplier Retention: Allows to record customer payments to the dealer
that are held as funding debits that can net against other funding.
4. In the mandatory funding Request Number field, enter a unique alphanumeric
string.
5. Enter a short Description of the funding request.
6. Click the flashlight icon and choose the Vendor Number from the list of values
This is the vendor receiving the funding payments from the lessor. The Vendor Name
appears after selecting the vendor number.
7. Click the flashlight icon and choose the Vendor Site from the list of values. This
opens the address to send the funding payments.
8. Enter the Amount of the funding. This field accepts negative numbers for a pre-
funding request type. Enter a negative number when doing a reversal.
9. The Date Entered field populates with todays date.
10. In the next field, enter the Due Date when the payment is due to the vendor.
11. Choose a Payment Method (such as check payment) from the list of values.
12. Click the Create button to save the work.
13. After the funding request is complete, submit it for approval by clicking the
Submit Request button. This action starts an approval workflow for the funding request.
To cancel this request, click the Cancel Request button.
14. Repeat the preceding steps for each funding request.
15. To return to the Summary page to see a summary of all the funding requests
associated with the selected contract, click the Summary button.

1.3.2 Create Asset Line Funding Requests:

For setting up a funding request for asset funding, after creation of funding
request, an Asset Lines button appears. Use the following procedure to fund the
asset lines.

1. Click the Asset Lines button.

2. The Funding Request Asset Lines page appears. This page includes the Funding
Type, request number, date entered and vendor name in the header information.
3. In the Asset Number field, click the flashlight icon and select the asset to fund
from the list of values. After selecting the asset, the asset description and asset cost
information gets automatically populated.
4. Enter the amount of asset cost to fund in the Request Amount field.
5. Click the Update button to save the work.
6. To submit the funding request for approval, return to the Funding Request
Details page and click the Submit Request button.
7. To fully fund all the assets associated to the contract, navigate to the Funding
Request Asset Lines page, click the Quick Fund Assets button. Then click the Update
button to save work.

1.4 Transactions
After submitting a request for funding, an approval workflow is started.
When the request receives the proper approvals, or the mandatory items on a
funding request checklist is checked off as completed, it goes to the Funding Approver
for final approval.
Then it is made available to the Oracle Lease Management disbursement
process, which occurs when the Pay Invoice Transfer concurrent program is run.
To cancel a funding request prior to approval, navigate to the Funding Request
Details page and click the Cancel Request button.

1.5 Tables / Views involved

N/A

1.6 APIs (Public/Private)

API Name Public/Private Comments

OKL_FUNDING_PVT

Tables involved.

Run below queries individually for those three contracts which are having issues.

1. select id from okc_k_headers_all_b where contract_number = '<customer contract

number>'

2. select * from okl_trx_ap_invs_all_b where khr_id = < id from query 1>

.
3. select * from okl_txl_ap_inv_lns_all_b where khr_id = < id from query 1>
.
4. select b.*
from
okl_trx_ap_invs_all_b a,
okl_txl_ap_inv_lns_all_b b
where a.id = b.tap_id
and a.khr_id = < id from query 1>
.
5. select b.*
from
okl_trx_ap_invs_all_b a,
okl_xtl_pay_invs_all_b b
where a.id = b.tap_id
and a.khr_id =< id from query 1>

Concurrent Programs required.

1) Pay Invoice Prepare for AP Transfer
2) Pay Invoices Transfer to AP Invoice Interface
3) Payables Open Interface Import Program