Early Termination Due to Insurance Claim 

Use

You can use this function to end a lease prematurely when an insurance claim that affects the leased object has been submitted.

If the leased object has been damaged or stolen, you can submit the insurance claim and terminate the lease. The leased object is returned to the lessor. The lessee has to pay a fee for the early termination of the lease.

You execute the change process at item level, which means that the changes apply to individual contract items. This process supports the entry of split quantities for your leased objects. You can execute this change process manually only by choosing Actions; you cannot execute this change process as an option.

In SAP Customer Relationship Management (SAP CRM) you use the process TERM to execute an early termination due to insurance claim. From SAP CRM you can map the process INTE (Early termination due to insurance claim) in SAP ERP.

For more information, see Overview of Change Processes.

 

Prerequisites

You have an active lease with the status Released.