Updating equipment status when calculating a contract payoff
Please see the attached document to learn how to update equipment status when processing a payoff.
When you are calculating a contract payoff, it is easy to update the status of the associated equipment at the same time. The attached PDF outlines this procedure.
DocuSign Integration - Contract Status Updates
Background Finance companies generally have multiple credit applications in process at the same time which often means having to prepare documents for signing, getting the documents to the signers, and tracking when the documents come back signed on ...
Full Payoff - Loan
See the attached document for complete details. The attached document walks through the process of fully paying off a loan.
How to split 1 piece of equipment into 2 pieces of equipment
PROBLEM: The lease contract was originally built with 1 equipment record that has a quantity of 1, however there are truly multiple equipment records on the contract. The one piece of equipment is acting like an "umbrella" to carry the cost of ...
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 ...
Partial Payoff - Loan
1. Do a quick search for the contract ID, and double click the icon for Payoff Calculator. 2. Click the “Loan Items” tab at the top, and select the assets to payoff. 3. Go back to the ...