The wizard is used to change the payment terms, penalty conditions and contract reminder conditions. The Action – Change Contract wizard option opens the Change Contract Wizard.
In the first step of this wizard, the user selects a change with the Wizard Object Number equal to 4046864 in the "Change Type Code" field. The "Change Contract" wizard is described in detail in the Contract Changes - Change Copies/Variants.
After completing the initial wizard, the system checks several factors and opens a second wizard based on them:
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Financing Type = Financial Lease
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Financing Type <> Financial Leasing, Framework Agreement No. = "Empty“
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Financing Type <> Financial Leasing, Framework Agreement No. = "Nonempty“
Before opening the first step of the special wizard, the system checks the contract to see if it is in the automatic extension mode (contract Extension=Y flag). If it is, it displays a message and the wizard does not run – no recalculation of the payment schedule is allowed in this contract mode: "Contract Extension is Y, change is not possible."
If the contract is not in automatic extension mode (i.e. Contract extension=N), it continues and opens the first step of the wizard.
Financing type = Financial leasing
If the contract contains Financing Type = Financial Lease, then the system opens the "Change Payment Terms, Penalty Terms and Contract Reminder Terms Wizard":
In step 1, the user adds:
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New Payment Terms Code
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The default value is supplemented by the original payment terms code
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The User enters a new Installment Payment Terms Code for the contract; has the option to select from the Payment Terms code list.
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New Sales Price Payment Terms Code
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The default value is supplemented by the original sales price payment terms code
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The User enters a new Sales Price Payment Terms Code for the contract; has the option to select from the Payment Terms code list.
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This field is displayed only for Financing Type = Financial Lease
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New Penalty Terms Code
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The default value is supplemented by the original penalty condition code
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the user enters a new Penalty Terms Code for the contract; has the option to choose from the Finance Charge Terms code list
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New Reminder Terms Code
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The default value is supplemented by the original reminder term code
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The user enters a new Reminder Terms Code for the contract; has the option to choose from the Reminder Terms code list
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Change Date
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The OC will automatically set the current working date.
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In step 2, the OC displays a summary of the change. After confirming with the Finish button, the OC will make the following changes:
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On the change copy of the contract, he modifies the Payment Terms Code, Sales Price Payment Terms Code, Finance Charge Terms Code, respectively. Requested Reminder Terms Code (Invoicing tab)
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Updates the payment calendar - adds conditions to unposted installments
After checking the data, the user transfers the change copy.
Financing type <><> Financial leasing, Master Agreement No.="empty"
If the Financing Type in the contract is <> Financial leasing and the Framework Agreement No. is empty, then the system opens the "Change Payment Terms, Penalty Terms and Contract Reminder Terms Wizard":
In step 1, the user adds:
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New Payment Terms Code
-
The default value is supplemented by the original payment terms code
-
The User enters a new Installment Payment Terms Code for the contract; has the option to select from the Payment Terms code list.
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New Penalty Terms Code
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The default value is supplemented by the original penalty condition code
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The User enters a new Penalty Terms Code for the contract; has the option to choose from the Finance Charge Terms code list
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New Reminder Terms Code
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The default value is supplemented by the original reminder term code
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The user enters a new Reminder Terms Code for the contract; has the option to choose from the Reminder Terms code list
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Change Date
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The OC will automatically set the current working date.
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In step 2, the OC displays a summary of the change. After confirming with the Finish button, the OC will make the following changes:
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On the change copy of the contract, he modifies the Payment Terms Code, Sales Price Payment Terms Code, Finance Charge Terms Code, respectively. Requested Reminder Terms Code (Invoicing tab)
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Recalculates the contract - adds conditions to unbooked installments
After checking the data, the user transfers the change copy.
Financing type <> Financial leasing, Framework Agreement No. = "NOT empty" Financing type <> Financial leasing, Master Agreement No.="NOempty")
If the Financing Type in the contract is <> Financial leasing and the Framework Agreement No. is NOT empty, then the system will display the following message before opening the "Change Payment Terms, Penalty Terms and Contract Reminder Terms Wizard": "A change in the conditions must be made in the customer's Master Agreement. Do you wish to make this change to Customer Master Agreement No. XY?"
After confirming the message, the "PWizard to change payment terms, penalty terms and contract reminder terms“.
In step 1, the user adds:
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New Payment Terms Code
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The default value is supplemented by the original payment terms code
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The User enters a new Installment Payment Terms Code for the contract; has the option to select from the Payment Terms code list.
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New Penalty Terms Code
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The default value is supplemented by the original penalty condition code
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The User enters a new Penalty Terms Code for the contract; has the option to choose from the Finance Charge Terms code list
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New Reminder Terms Code
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The default value is supplemented by the original reminder term code
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The user enters a new Reminder Terms Code for the contract; has the option to choose from the Reminder Terms code list
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In step 2, the OC displays a summary of the change and the number of contracts that will be changed. After confirming with the Finish button, the OC will make the following changes:
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In the framework agreement, the system modifies the Payment Terms Code, Sales Price Payment Terms Code, Finance Charge Terms Code, respectively. Reminder Terms Code
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It will add these codes to all offers and contracts that are under the framework agreement (including the contract from which the change is made)
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For all contracts in status => ACTIVE makes an entry in the History of Changes
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It recalculates payment schedules for all contracts to reflect the new conditions for payments that have not yet been booked
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The contract, from which the change is made, is not left in the change copy, but directly transferred to ACTIVE.