New Service Contracts Functionality - Contracts Merge

A common contracts problem is that assets are spread across different contracts and customers want to consolidate different contracts into one.  Up until recently the only way to do this (other than at renewal time) was to author new contracts from scratch or amend existing ones manually.  With Release 12.1.3+ (via Patch 17861639:R12.OKS), users can now move assets from multiple source contracts to a single target contract using the new Contract Merge functionality.  This helps in improving the maintainability of customer contracts and avoids duplication of assets across the contract base.

A new profile option “OKS: Change Party in Contract Merge” allows users to move assets across the customer base. The re-pricing of the assets moved to target contract is controlled using “OKS: Pricing Method for Contract Merge” profile option. For more details on the implementation steps and functionality, please refer toOracle Service Contracts – How To Merge Assets Across Contracts (Doc ID 1684658.1).  This explains how the new feature works, how to use it and includes a UPK demo.



Questions on the new functionality?  Post your comments in the discussion thread in the Contracts and Lease Management Community.

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