Lease Supplier Amendments

You can amend the supplier and site information on a lease.

Lease Supplier Amendment benefits your business by:

• Keeping your lease updated with the latest information.

• Updating the lease information with changes to the partner information such as supplier merge replacement of the supplier and so on.

• Automating Supplier and Invoice information updates.

Lease Supplier Amendment is necessary when the following happens:

• Current supplier for a Lease payment discontinues a particular service like Maintenance

• Supplier Merge

• Supplier Name change

• Replacement of Supplier for a service

You can manually do the supplier amendment or do bulk amendments using FBDI flow for Lease Supplier Amendment.

Pay item adjustments are generated for the backdated supplier changes.

Manual Amendment

You can update the following fields under the Supplier section in the Payments tab.

• Supplier

• Supplier Site

• Purchase Order Reference Number

• Purchase Order Number

• Purchase Order Line

• Payment Term

The update is available in all Scope Change and No Scope amendments.

The Lease Supplier Amendment helps you to change the supplier and supplier site.

You can change the PO information in the same amendment.

You can reuse the Amendments functionality for Lease Supplier Amendment.

The AP Invoices which are already generated with an invoice date of prior to ACD are regenerated with the new supplier information and for these prior invoices, systematic Debit Memos are generated.

For invoices with an invoice date after the ACD, the invoices are regenerated with the latest information.

Note: The lessor can’t be changed as part of this flow, therefore the supplier amendment is done for payment by payment.

Lease Supplier Amendment can also be performed on Options and Rent Increases.

You can view the new Supplier or Sites in the Lease Abstract and Lease Impairments reports.