Create a Calculation without services

In OneCore are two ways for creating Calculation:

using Create Offer / Contract Wizard
by copying an existing calculation

Create calculation with Wizard

To start Wizard choose Create Offer / Contract in Actions.

Create Calculation

After selecting the option, the first step of Wizard is displayed. Wizard consists of three steps in total.

Step No. 1

The first premise in this step is choosing what I want to create, whether a contract or a calculation (the field Type).

Create Calculation

In this section is describes creating calculation. The method of creating the contract is the same. The only difference is that after completing the wizard, the financing contract is created directly, in the detailed contract status according to the settings in OneCore Setup (e.g. Waiting for approval, Approved, etc.).

In the first step you select and enter basic parameters for the creating contract, such as financing type (in this case Financial Leasing), customer, financing product, financed product and so on.

Choose Next to continue to the next step.

Step No. 2

In the second step you enter detailed information for the calculation, such as lease term, payment period, purchase price, down payment, residual value etc.

Create Calculation

Choose Next to continue to the next step.

Step No. 3

In the last step you enter detailed information for the interest rate.

Create Calculation

Choose Finish to end the process of creating a calculation. The information about successful creation is displayed.

Create Calculation

Choose Yes for showing the Contract card (with the status: Calculation).

The system creates the calculation with dates automatically added according to the settings on the Financing model, which is based on the selected Financing product and currency code in the first step of Wizard.

Calculation Card

Contract Card contains all information about contract entered by Wizard or automatic according other settings.

Create Calculation

Base information are displayed on the General Tab, such as financing type, financing product, customer number, general terms and conditions and important dates, namely Offer creation date, Reference date, Calculating starting date, Expected termination date etc.

On the Calculation tab you can find information about inputs for calculating the payment callendar, e.g. contract termination, payment method, down payment, financed amount etc.

The Customer and Invoicing tabs contain information about customer and posting groups for invoicing or payments posting.

The Contract Transfer tab is used by transfer financing contract to new customer. For more information see Contract Transfer.

The Contract Termination tab contains information about proper or early contract termination (e.g. termination date, early termination reason etc.).

Card - FactBox

The Contract card FactBox displays financed object identification, contract details, contract statistic and contract profitability.

Choose button in the upper ride corner. FactBox is located on the right of the display card.

Create Calculation

Card - Action buttons

There are key buttons on the action bar that are important to complete creation of the calculation.

Create Calculation

Choose Elements to display options for opening special calculation elements.

Create Calculation

Financed Objects

Financed Object of calculation is created together with a calculation after completing Wizard for creating the calculation.

Choose Financed Objects for displaying Financed Objects List. There are object, which was selected in Wizard for creating the calculation.

Create Calculation

Choose Manage and then Edit or View or click on the calculation number for opening object card.

Create Calculation

Financed Object Card contains information about financed object transferred from the Catalogue card and there are option for entering purchasing or registration data.

Base information are displayed on the General Tab, such as object categorie, commodity, group, make, model, model type etc. Other technical information about object are on the Technical Data tab.

Card - FactBox

The Financed Object card FactBox displays financed object identification and contract details.

Choose button in the upper ride corner. FactBox is located on the right of the display card.

Create Calculation

Multiple Objects Contract Type

The first Financed Object with base elements is created automaticly by Wizard for calculation creation.

For creating a multiple object calculation it is necessary to create the second financed object manually.

For more information about the creation it, see Create the Multiple Object calculation/contract

Calculation Inputs

Calculation inputs represent financial inputs for calculation payments, insurance payments, fees etc.

Choose Elements and then Calculation Inputs on the Financed Object Card to view the calculation inputs list linked to the financed object.

Create Calculation

The calculation inputs for acquisition cost was created automatically after completing wizard for creating a calculation from the data entered in wizard.

Click on the financed contract number on the selected calculation input for opening calculation input card.

Create Calculation

The calculation inputs card is displayed.

Create Calculation

The calculation input also contains the insurance amount for calculating insurance payments.

Create Calculation Input

Choose New on Calculation Inputs list opened from Financed Object Card for creating new calculation input to financed object.

Create Calculation

The Calculation Input Card is displayed. Fill in the required data on the General tab and close the card.

Create Calculation

Calculation input can also be created without entering the Financed Object number, if the Mandatory from Object flag is not allowed on the given type of calculation input. This calculation input will apply to the whole financed contract/calculation, not to specific Financed Object (e.g. in a multiple object contract type).

Insurance contract

Choose Create and then Create Insurance Contracts action on Financed Object Card for creating insurance contract.

Create Calculation

After selecting the option, Wizard is displayed. Wizard consists of two steps in total.

Create Calculation

Step No. 1

At the top of wizard are basic information about financed contract, object, customer number and expected duration of contract.

To create insurance contract and selection of insurance rates, it is important to specify in the field Object Usade Type for Insurance how the financed object will be used (e. g. standard, taxi, ambulance etc.). The default usage type is filled in from the field Default Object Usage Type for Insurance in OneCore Setup.

Create Calculation

In the part Mandatory Insurance the system displays permited or mandatory types of insurance according setup on the Financing Product No. or Financing Template No. from the contract card and divides them into three groups according insurance type:

Car Insurance for liability insurance
Property insurance for accident, machine insurance
Other Insurance for supplementary insurance.

Create Calculation

Click on the number on the selected type of insurance.

Create Calculation

After clicking on the number the system displays a list of insurance rates to choose from.

Mark the selected rates in the checkbox Selected and close the list.

Create Calculation

Select insurance rates for other types of insurance in the same way.

Create Calculation

Note:

For liability or property insurance can be adding only one insurance contract. You can choose only one rate from the offered list. From supplementary insurance you can choose more rates, one for each insurance product (e.g. windshield, GAP, replacement car etc.)

Choose Next to continue to the next step.

Step No. 2

This step presents the basic information as in step 1 and an selected rates list as recapitulation for adding insurance contracts.

Create Calculation

Choose Finish to end the process of creating an insurance contracts. Information about successful creation is displayed.

Create Calculation

To view the created insurance contracts choose Elements and then Insurance Contracts action on the Financed Object Card on the Contract Card.

Create Calculation

The validity of insurance contracts is preset according to the validity of the calculation.

Create Calculation

Calculations

This part contains options for calculation payment and creating payments calendar after entering the input data (calculation inputs, down payment, insurance contracts etc.).

Create Calculation

Payment Calculation

Choose Calculations and then Payment Calculation for calculating the payment according to the part payment period.

Create Calculation

The calculated payment with its individual components is displayed on the Calculation tab or in the FactBox in the part Contract Details.

Create Calculation

This function does not create a payment calendar. After some change of parameters on the contract, which the effect of the payment (validity, periodicity, insurance etc.), it is necessary to use this function to recalculate the payment (without creating payments calendar).

Calculator Lines

Choose Calculations and then Calculator Lines for diplaying calculation lines.

Create Calculation

At the top are informations from the Financed Contract Card. At the bottom are lines, that represent the payments (only financial part, without insurance or maintenance).

Create Calculation

In this part you can set non-regularity of payments, if it is reguired. For recalculation lines choose Update action.

Create Calculation

After updating you can see the change in anuit, principal and interest etc.

Create Calculation

If you want change non-regular payments to regular, choose New Calculation action. The calculation lines will be calculated regularly.

Create Calculation

Choose Finish to confirm the calculation and create a payment calendar.

Create Calculation

Payments Calendar

Choose Calculations and then Payments Calendar to view the Payments Calendar.

Create Calculation

In the Payment Calendar you can see all payments, including down payment (first line), Selling Price (last line). The payments include the amount of the insurance payment, if it is included in the payments.

Create Calculation

Complete Calculation

The last function of calculation is Complete Calculation. This function can be used if no payments is posted. Complete calculation again calculates regular payments and changes the payments calendar.

Choose Calculation and then Complete Calculation action to start recalculation.

Create Calculation

Create calculation by copying

Choose Create and then Copy Offer/Contract action on Financing Contract Card for creating the new calculation.

Create Calculation

Choose Yes to confirme copying.

Create Calculation

The information about succesfull creation is displayed.

Create Calculation

Copying creates a new calculation as an image of the original calculation with the assignment of a new calculation number, financed object number, calculation inputs number, insurance contracts number, update of dates, etc.

Note:

The possibility to copy the selected calculation is conditioned by the setting of the Validity Period For Permit Contract Copy field in OneCore Setup.

The date of copying the calculation must not be higher than the date of creation of the original calculation + the time set in the above-mentioned field.