Asset Finance

Asset Finance supports employee asset financing workflows connected to payroll configuration.

Asset Finance areas

Area	What it does
Asset Finance Policies	Defines financing rules, allowed assets, repayment rules, ownership rules, and policy status.
Asset Finance Agreements	Creates employee-specific agreements from finance policies.
Applications	Supports applications related to asset finance agreements.

Common workflow

1. Create an Asset Finance Policy.
2. Review policy details.
3. Create an Asset Finance Agreement for an employee.
4. Review employee information and current salary.
5. Approve, settle, transfer ownership, or terminate agreements where permitted.

Payroll relationship

Asset finance is part of the Payroll module and can rely on salary information for financing calculations. Backend services also include parent accounting configuration for asset finance liabilities.

Needs product confirmation: the exact deduction timing and payslip presentation for active asset finance agreements.