What is multiple-asset contract in SAP CRM-LAM - CRM Leasing?

SAP Term: multiple-asset contract

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: Financial services contract containing a high number of similar leased assets. Multiple-asset contracts are used for customers who want to lease a high number of similar goods within one business transaction for example, a a batch of forklifts or company cars of a certain make. A multiple-asset contract can therefore contain at least one to 1,000 items such as vehicles. The terms and conditions are the same for all the items contained in a single multiple-asset contract.

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• Key Concepts: 
  A multiple-asset contract is a type of contract used in SAP CRM Leasing and Asset Management (CRM-LAM). It allows customers to lease multiple assets from a single contract. This type of contract is useful for customers who need to lease multiple assets, such as vehicles, equipment, or machinery. 
  
  How to use it: 
  In order to use a multiple-asset contract, customers must first create a contract in SAP CRM-LAM. Once the contract is created, customers can add multiple assets to the contract. Customers can then specify the terms of the lease for each asset, such as the duration of the lease and the payment terms. 
  
  Tips & Tricks: 
  When creating a multiple-asset contract, it is important to ensure that all of the assets are compatible with each other. For example, if one asset requires a specific type of maintenance, all of the other assets should also be able to receive that type of maintenance. Additionally, it is important to ensure that all of the assets are covered by the same insurance policy. 
  
  Related Information: 
  For more information about multiple-asset contracts in SAP CRM-LAM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about how to use this feature in SAP CRM-LAM.