DO.

070

OUM
DO.070 USER GUIDE
Guarantor

Author: Mohie Mondy

Creation Date: July 1, 2019
Last Updated: July 1, 2019
Version: 1.0
 DO.070

Guarantor Overview

A guarantor is a party that guarantees that payments will be made on behalf of the lessee to meet contractual
commitments. You may require a guarantor when a lessee's creditworthiness is not sufficient. A deal can have
multiple guarantors.
Create a New Customer as a Guarantor

1. Navigate to Customer window

Oracle Receivables
N  Customers  Customers
1. Enter a unique Customer Name.
2. Enter Account Description for Customer Account if you want.
3. Enter a customer address:
4. Add the Types of Business Purposes
Bill To: Send invoices to this address. The Bill–To address can be different from this
customer’s Ship–To address.
 Ship To: Send your goods or services to this address. The Ship–To address can be different
from this customer’s Bill–To address.
5. Click Apply to Save

6. Add Contact Information for the customer site

7. Save your work. If you are using Automatic Customer Numbering, the system assigns a
unique customer number.
Add a Guarantor to the contract

1. Navigate to Contract Page window

Oracle Lease and finance Management
 Parties TAB