In Loans and Financial Leasing App is possible to change Active Contract into status Closing via automatic process called Proper Contract Termination.
Function Description
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For this purpose is available function in Role Centrum/Processing/Proper Contract Termination.
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Triggering this function searches all active contracts, where Expected Termination Date <= Work date reduced by the number of days set in field No. of Days Before Contract Termination (OneCore Setup/Closing).
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Additionally, there is possible to enable (disabled by default) controls in OneCore Setup/Proper Termination:
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Check Payment Posting
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If this control is enabled, the system reviews if all payments in particular contract (residual value line is skipped) are posted.
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Otherwise, Error Detail in Log (see below) appears: “Non-posted lines on contract (Payment).”
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Check Individual Invoice Posting
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If this control is enabled, the system reviews if exists an individual invoice/credit note withing the contract.
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If yes, it is checked whether its posted. If no, Error Detail in Log appears: “There is at least one unposted individual invoice.”
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Check Payment Balance
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If this control is enabled, the system reviews if all posted invoices (payments, individual invoices/credit notes, residual values) are paid (Payment Balance = 0).
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If no, Error Detail in Log appears: “Payment balance of posted documents is not zero.”
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Result of these controls is saved in Proper Contract Termination Log.
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Log can be found in Role Centrum/Processing/Proper Contract Termination, where is stored list of all contracts which has been checked by this process ordered by Entry No.
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In case status was successfully changed to Closing, result is Success and Error Detail is empty.
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On the other hand, if some control prevented the status change, user can see the reason in Error Detail.
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Direct link to Financing Card is available via Contract no.
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From Closing state can be contract manually Archived (Financing Card/Change Status/Archive).