Early Buyout 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, the lessor can submit an insurance claim. If the lessee wants to purchase the damaged leased object, you can end the existing lease prematurely. The lessee pays the fee for early termination. The system also calculates the remaining purchase amount.

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 BUYO to execute an early buyout due to insurance claim. From SAP CRM you can map the process INBY (Early buyout 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.