Creating Warranty Term Templates

Asset 360 Suite > Asset 360 for End Users > Warranty Terms > Creating Warranty Term Templates

To create a warranty term:

1. From the Warranty Term object tab drop-down, click + New Warranty Term. Alternatively, launch the warranty term list page and then click the New. button. The New WarrantyTerm pop-up is displayed.

2. Provide the details for the fields as explained in the following table.

Field Name

Field Description

Fields marked with * are mandatory

Information

Warranty Term Name*

Enter a name for the warranty term.

Warranty Duration*

Enter a duration for which the warranty is applicable for the asset.

Warranty Unit of Time*

Select a unit of time from the drop-down list for which the warranty duration is applicable. The available options are:

• Days

• Weeks

• Months

• Years

Effective Start Date*

Select an effective start date from the drop-down list from which the warranty is in force. The available options are:

• Install Date: to enforce the warranty from the install date of the asset

• Manufacture Date: to enforce the warranty from the asset manufacture date

• Purchase Date: to enforce the warranty from the asset purchase date

Asset Expression

Select an expression for the asset to qualify the warranty term.

• Search for the desired expression from the list.

• Click + New Expression to create an expression for the asset qualifier.

Price Book

Select a price book from the available list.

Active checkbox

Select this checkbox to make the warranty term active once it is created.

Description

Enter the details about the warranty term.

Warranty Type*

Select a warranty type from the drop-down list. The available options are:

• Repair: to create a warranty term for the repaired asset

• Standard: to create a standard warranty term

• Supplier: to create a supplier warranty term

Exchange Type

Select an exchange type from the drop-down list. The available options are:

• Advance Exchange: to create a warranty term for the advanced exchange asset

• Loaner: to create a warranty term for the loaner asset

• Return Exchange: to create a warranty term for the return exchange asset

Exclusions

This is a Long Text field where Warranty Admin can capture any parts and services excluded from Warranty Coverage terms.

Transferable checkbox

Select this checkbox to indicate that Asset Warranty can be transferred to a different asset.

Coverage

Labor Covered

Provide labor coverage details.

Parts Covered

Provide parts coverage details.

Expenses Covered

Provide expenses coverage details.

Travel Covered

Provide travel coverage details.

3. Click Save. The new warranty term is created, and a confirmation message is displayed.

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