Record Event Cascading Menu - Product Advisory

November 2021

With this release, a new menu structure exists for recording lease lifecycle events after inception. These events are commonly called ‘Day 2’ events as they occur after the first day of lease entry. The new feature is a cascading menu located in the Left NavBar. Our hope is that this makes it easier for our customers to navigate to the correct workspaces within LeaseAccelerator.

Overview

The new Record Event menu is located on the left navigation bar and replaces Record Asset Event and Modify Deal, and is only visible when you are in the context of a deal. The specific elements are either active or inactive depending on the deal’s status. This new menu feature gives you access to the Record Asset Event, Modification, Payment Adjustment, and Asset Management workspaces, and uses everyday language to aid in directing you to the correct workspace based on your selection.

Note: Recording an event, whether it be a Renewal, Modification, or Payment Change, to name a few, has never been easier.

Outline of Menu Structure*

Record Event > Record a payment, Exercise lease termination, Exercise lease renewal/extension, Record contract modification, Impair an asset, Change asset allocation

Record a payment > Change a payment, Record invoiced/paid expenses

Change a payment > Record payment change with partial termination, Record one-time payment change, Record recurring payment change, Record payment change with contract renegotiation

Record payment change with partial termination > Record contractual buyout or Record contractual return

Record contractual buyout Buyout at End of Term(Reasonably certain) Terms: Purchase of $1, Other @ End of Term

Record contractual return Buyout at End of Term(Reasonably certain) Terms: Purchase of $1, Other @ End of Term

Record one-time payment change > Contingent rent resolved, Other (No Remeasurement)

Contingent rent resolved > To Record Payment Adjustment workspace with Reason For Change defaulted to this selection and the ‘Apply to all payments on or after the adjustment date’ box unchecked.

Other (No Remeasurement) > To Record Payment Adjustment workspace with Reason For Change defaulted to this selection and the ‘Apply to all payments on or after the adjustment date’ box unchecked.

Record recurring payment change > Underlying index rate changed, Contingent rent resolved, Other (No Remeasurement)

Underlying index rate changed > To Record Payment Adjustment workspace with Reason For Change defaulted to this selection and the ‘Apply to all payments on or after the adjustment date’ box checked.

Contingent rent resolved > To Record Payment Adjustment workspace with Reason For Change defaulted to this selection and the ‘Apply to all payments on or after the adjustment date’ box checked.

Other (No Remeasurement) > To Record Payment Adjustment workspace with Reason For Change defaulted to this selection and the ‘Apply to all payments on or after the adjustment date’ box checked.

Record payment change with contract renegotiation > To Modify Deal workspace.

Record invoiced/paid expenses > To Capture Invoiced/Paid Expenses workspace.

Exercise lease termination > Record contractual buyout or Record contractual return

Record contractual buyout or Record contractual return > To Record Asset Event workspace: Selecting an available EOT Option in the menu takes you to the Record Asset Event workspace and the Asset Event is defaulted to the selection made from the menu.

Exercise lease renewal/extension > Record contractual renewal

Record contractual renewal > Renewal options, Evergreen, Non-Contractual Extension

Renewal options > To Record Asset Event workspaceSelecting an available renewal option in the menu takes you to the Record Asset Event workspace and the Asset Event is defaulted to the selection made from the menu.

Evergreen > To Record Asset Event workspaceSelecting the evergreen option in the menu takes you to the Record Asset Event workspace and the Asset Event is defaulted to an existing renewal with the ‘Indefinite’ radio button ticked.

Non-Contractual Extension > To Modify Deal workspace

Record contract modification > Record reduction in scope, Add asset(s), Change reasonably certain option, Record contract renegotiation, Record reduction in term, Record extension with renegotiated contract

 Record reduction in scope > To Modify Deal workspace.

Add asset(s) > To Modify Deal workspace.

Change reasonably certain option > To Modify Deal workspace.

Record contract renegotiation > To Modify Deal workspace.

Record reduction in term > To Modify Deal workspace.

Record extension with renegotiated contract > To Modify Deal workspace.

Impair an asset > To Record Asset Event workspace.

Reverse asset impairment loss > To Record Asset Event workspace.

Change asset allocation > To Asset Management Details workspace.

Note: Some menu options are isolated in the screenshots above, but all options are visible in the UI where applicable.

Menu Tips

• You do not need to click to expand each submenu. When hovering over the menu, text will expand when you see the right-arrow. Text will be highlighted with a light blue box.
  

• Once you are ready to make a selection click on the text.
  

• Menu options will stay expanded once hovered over. If you wish to collapse the menu, simply click in any empty space outside of the boxes to clear it.
  

• You can go back to any of the other submenus if the menu is left open.
  

• The ‘Non-Contractual Extension’ option has a SmartTip that appears when you hover over it to help guide your decision for this choice.

  • If you click the selection or move the mouse to another selection the Tip goes away.
    

• If an option is grayed out, then it cannot be accessed. Your mouse pointer will change to a hand if the option is clickable.

  • Reasons you will see grayed out options:

    1. Deal status is All Assets Disposed, Terminated, or Defunct (Rolled back).

    2. Deal status is Incomplete or Pending Approval.

    3. You do not have permission to view the option, and in some cases, you will not see the option at all.