Asset Management
Using Quantity and Splitting Assets
See attached document for complete details. ASPIRE allows for asset-level management on any given contract and contracts that have a high number of assets can be cumbersome to service at times. The attached document outlines how to use the Equipment ...
Residual Guaranteed or Unguaranteed - When to use one or the other?
Typical use for guaranteed residual is when working with a TRAC Lease, Residual Values are established for the future value of the Asset. They are also subject to usage (mileage) and condition once the Lease firm term has been completed. Higher ...
How to utilize the Global Equipment Update Module
The Global Equipment Update Module launches from the Contract Explorer > Equipment screen, and creates an Excel spreadsheet of the existing equipment line-items and details. It allows a user to edit data and import it back into ASPIRE for the same ...
Quantity Change in ASPIRE Equipment Caused Change to Receivable with No Journal Entries
When changing the quantity of an asset via modification or booking adjustment, if you do not click off or tab out of the Quantity field before posting the modification, ASPIRE generates a blank journal entry, but still updates the Current Basis, ...
Lease Asset Disposals
Please see attached documentation for instructions on how to perform basic Lease Asset Disposals / Equipment Disposals. Instructions provided for the following basic tasks. Each example is walking through disposing of one Lease equipment record, ...
Equipment Overview and Video
See attached documents and linked videos. The attached documents and linked videos provides an overview of how equipment is managed in ASPIRE. The 37 minute video covers the following equipment related functionality: Industry Concepts Equipment Main ...
Collateral Overview and Video
See attached documents and linked video for complete details. The linked set of videos and related document attachments cover all aspects of working with collateral in ASPIRE. The linked 27 minute video covers the following topics: Collateral ...
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 ...
Equipment Location - View, Modify, Add New
Go to Contract Explorer>Equipment Go to Locations tab How to Choose a different, EXISTING Location for a piece of equipment Choose the piece of Equipment you wish to update Click the box next to Location (Magf Choose the Address you wish to use Click ...