Define Minimum Usage Tiers by Date Range for Lease by UOM Contracts

Enhance billing accuracy with Lease by Unit of Measure in Oracle Lease and Finance Management. This feature focuses on true-up programs and billing adjustments for usage-based leases, extending beyond prior releases where such adjustments were manual or unsupported. Now, you can run true-up programs to adjust payments based on actual usage, with options to maintain or reduce residual values.

The value lies in precise billing that reflects real usage, improving financial transparency and contract management. This meets the industry demand for accurate usage-based billing in leasing, supporting use cases like periodic adjustments for over or under-usage. Implementation considerations include setting up true-up schedules and ensuring accurate usage data collection for adjustments.

Steps to enable and configure

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

Tips and considerations

• Schedule true-up programs regularly to maintain billing accuracy based on usage data.
• Ensure usage data is validated before running true-up adjustments to prevent billing errors.