Adding and Booking a Contract in ASPIRE

Adding and Booking a Contract in ASPIRE

See the attached document for complete details.

The purpose of the attached How to Guide is to show a generic example of how one can go about adding a contract to ASPIRE, and subsequently how to book that contract.

Note: This document outlines only the most basic way in which to add and book a contract. ASPIRE facilitates a myriad of different ways to add and book contracts depending upon your given business process. You can work with your Implementation Specialist to cater a more specific user guide based on your booking processes.


Table of Contents of Attached Document

Adding a Contract in ASPIRE
Add Contract
Associated Entities
Contract Explorer 
Main Tab
Financing and Adjustments
Payment Schedule
Contract Booking
Credit Adjudication
‚Äč Billing
Book the Contract

    • Related Articles

    • Contract Modification - Adding Equipment

      Midterm Contract Modification – Asset Addition A typical midterm contract modification would be required in the event a customer would like to add accessories or additional equipment to the lease. Before you begin any modification, you need to ...
    • How to build a new User in ASPIRE v5

      See Attachment for detailed information on each step BASICS:   1.  Build a new Account 2.  Fill out the Login screens for that user, which will assign them to an existing Security Profile 3.  If the user needs to be able to process  Payments, ...
    • Suspending Residual Earnings on Sold Contract in ASPIRE

      Suspending Residual Earnings on Sold Contract in ASPIRE When a lease is sold to a funding source with the residual retained, FASB ASC 860 states that the lessor cannot recognize earnings on the residual until maturity ...
    • ASPIRE Sales Tax

      See the attached document for complete details.  1.       Overview The attached document is intended to be a high to medium level overview of standard ASPIRE sales tax calculation, including an overview of tax related configuration, how tax is ...
    • Contract Items

      Contract Items in ASPIRE Contract Items in ASPIRE can be either amortized or recognized upfront.  Certain contract items can also be financed depending on the contract finance product type. Click here for a 13:30 video walking through the Contract ...