BELOW is a summary of the processes for the orderly termination of financing contracts, see the other pages for a detailed description.
Process for Financing Without Services
The orderly termination process takes place in several steps:
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Change of contract status to "Terminated" status and corresponding detailed status according to the settings in the system in advance of the expiration of the financing period (OneCore Setup)
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posting of sales prices of duly terminated contracts (financial leasing in service delivery mode)
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Archiving of duly terminated contracts.
Process for Financing with Services
The orderly termination process takes place in several steps:
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Change of contract status to "Terminating" status and corresponding detailed status according to the settings in the system
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Returning the Financed Object
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Change the detailed status
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Extension of insurance to the client by the days by which the vehicle was returned later (according to the settings in the Insurance Product Status Relation)
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Creation of "second-hand" insurance policies (according to the settings in the Insurance Product Status Relation)
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Adding data to the object (Vehicle Return Date, Mileage upon Return, Second Wheel Returned, etc.)
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Vehicle Sale
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Change in the status of duly terminated contracts (terminated -> settled) and listening to detailed status
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Termination of "second-hand" insurance policies Entering
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The date of receipt of the selling price / return of the vehicle registration certificate
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Financial Settlement Change
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Of Detailed Status
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Creation of a Financial Settlement and its Issuance/Posting
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Debt-free contract
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entering the date of actual termination/archiving of the contract
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automatic change of the status of duly terminated contracts (settled - > archived) and the corresponding detailed status
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