Process Multiple Assets on Contracts with Lease by UOM

Innovate leasing models with Lease by Unit of Measure in Oracle Lease and Finance Management. This feature introduces the ability to define leases based on usage metrics (Unit of Measure), a capability not available in prior releases where leasing was primarily time-based. Now, you can structure contracts around usage parameters, such as hours or quantity, with options for maximum usage and true-up programs.

The business benefit includes tailored leasing agreements that align with actual usage, enhancing flexibility and fairness in billing. This addresses the industry need for usage-based leasing models, supporting use cases like equipment leasing where usage varies significantly. Implementation considerations include defining appropriate usage metrics and integrating meter reading processes for accurate billing.

Steps to enable and configure

You don't need to do anything to enable this feature.

Tips and considerations

• Define clear usage metrics and maximum limits to ensure accurate contract structuring.
• Integrate meter reading processes to capture usage data reliably for billing purposes.