Book Deal Workspace New IBR Field - Product Advisory

LeaseAccelerator added a feature in the September 20R3.1 Release to facilitate visibility of the IBR being used to book a deal. Now when landing on the Book Deal workspace in the UI the user will see some new items.

• A non-editable field showing the Expected IBR based on loaded rates. 

• An editable field for the IBR at Inception. 

• A button to Use Default IBR with a hover tip that explains what happens upon clicking.

When you enter a new deal through the UI and are ready to book the deal the Book Deal screen gives users the ability to verify loaded IBRs or to enter a rate that will be used for the inception value. You will see a new field and a new button to help set the correct rate. 

Booking a Deal and IBRs

The Expected Holding Period (Reasonably Certain) will auto-populate based on the lease term and the EOT Options for the deal. You may also type a value in for the RCHP. If left blank the system will use lease term.

When landing in the Book Deal workspace you will not see a value for ‘Expected IBR based on loaded rates’. Although IBRs are not specifically tied to any particular ledger, it will be necessary to mark the ledger(s) selections prior to seeing the ‘Expected IBR based on loaded rates’ so that any policy elections and transition dates can be taken into consideration.

Selecting ledger(s) will populate the value for any loaded IBRs.

This is not an editable field, it is simply showing the rate for the combination of Lessee, Country, and Term configured in Settings, Lessee Rates.

If you want to continue and use the expected rate, then click the Use Default IBR button to populate the IBR at Inception. You may also type a value in for the IBR if you wish to override the IBR. It cannot be left blank. The standard validations exist for the IBR entry and must be between 0 and 99.999999.

The button will not populate a rate if ledger(s) are not selected.

If no rates have been loaded for the combination of Lessee, Country, and Term in Settings, Lessee Rates you will see a message upon clicking the Use Default IBR button.

Previously Booked Deals and IBRs

The new IBR at Inception field in the Book Deal workspace works the following ways when booking previously booked deals or modifications.

• The IBR from Deal Summary will appear for an already booked deal before the ledger(s) selection since the system already has a stored rate for the deal.

  o If changes are made to the IBR in Deal Summary or the Accounting

  Classification workspace that rate will persist in the Book Deal workspace.

• When rebooking a deal using a Book Deal ToDo and changing the IBR, the Deal History will record an Event noting the change.

• When booking a modified deal, the IBR will appear before the ledger(s) selection since this would have been entered or populated in the Modify Deal workspace.