A financial account can have multiple stakeholders related to it such as the owner of
the vehicle financed through a loan, the guarantor of the loan, and the driver. You can track all
accounts and contacts related to a vehicle loan or lease by using Financial Account Party records.
Moreover, a single account can play multiple roles for a loan or lease. For example, a household
member can be the driver and the leasee.
Required Editions
| Available in: Enterprise, Unlimited, and Developer
Editions. |
| User Permissions Needed |
| To create financial account parties: |
Use Vehicle and Asset Finance |
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From the App Launcher, find and select Financial Accounts.
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Open a record and go to the Relationships tab.
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Click New on the Financial Account Parties related list.
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For Account, select the customer related to the loan or lease.
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For Contact, select a person related to the account.
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For Role Start Date, select the date from when the party is related to the financial
account.
To view a financial account on the Account record page of the Finance Console for
Automotive app, you must select this field.
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For Role End Date, select the date until when the party is related to the financial
account.
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For Role, select one of the following:
- Owner
- Beneficiary
- Leasee
- Driver
- Co-Owner
- Guarantor
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Click Save.
The field Role Active is automatically selected.
