Security Deposit in OLFM


What is Security Deposit?

Security deposit is an amount which is collected from Lessee when credit-worthiness of lessee is not fully established or when it is a new customer. This amount is invoiced and collected by Lessor during the start of the contract billing. The amount is held till the contract termination.

What Configuration is Required?

We need define a stream type for security deposit with stream type purpose of ‘Security Deposit’. There is a standard stream type also available which can be used instead of defining a custom stream type.

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About Author

More than 20 years experience in Oracle Technologies with 12+ years in OLFM development and implementation at various clients like GE Comfin, Beckman Coulter, Navistar, Ricoh, Sunrun.

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