Set Up Coverage Services

When you create an asset in Oracle Asset Lifecycle Management, the corresponding included warranty also gets created in Subscription Management to manage downstream customer asset transactions.

Subscription Management integrates with Asset Lifecycle Management and simplifies fixed asset accounting tasks. Standard asset management tasks -- such as reinstating, transferring, splitting, expiring, replacing, and upgrading assets -- can be streamlined with automated business flows.

To ensure that asset coverage statuses stay in sync, subscription specialists update coverage lines when a customer asset is updated in Asset Lifecycle Management or Installed Base.

Here's the summary of the common steps you must perform to set up coverage services:

Setup Steps	Details
Set up business units and assign business function, ledger, or legal entity for Subscriptions.	For more information, see Define Business Units, Assign Business Function, and Assign Ledger and Legal Entity in the Subscription Management Setup Checklist chapter.
Set up party, account, and account sites.	For more information, see Create and Manage Customers in the Subscription Management Setup Checklist chapter
Set up Order Management Parameters.	For more information, see Define Order Management Parameters in Subscriptions in the Subscription Management Setup Checklist chapter.
Set up profile option code for time unit mapping.	For more information, see Specify Time Unit Mapping Management Setup Checklist chapter.
Set up the manage subscription time unit mappings.	For more information, see Define Subscription Time Unit Mappings in the Subscription Management Setup Checklist chapter.
Set up included warranty items and coverage items.	For more information, see Manage Items in the Subscription Management Setup Checklist chapter.
Set up pricing strategy and charges.	For more information, see Define Pricing in the Subscription Management Setup Checklist chapter.