Enter Coverage Information
In the Coverages section, you will add coverages and cost component amounts and then create and apply rate classes for the assets defined under the different coverages.
You can then adjust the settings for how the charges are computed using minimum amounts, modifiers, and more.
There are seven main steps for entering Coverage information. You can click on any of the steps below to skip to that help section:
General: Add coverage information, shared amounts, and minimum charge.
Target: Add cost component information and view target allocation amount.
Accounts: Select the accounts that will be affected by the allocation.
Rates: Define rate classes and identify assets to be included.
Modifiers: Create rules that will apply discounts or surcharges to assets based on criteria.
Caps: Set maximum charges for certain accounts.
Collar: Add a collar to restrict the difference between the new charge and the prior year's charge in a renewed allocation.
Import Rates: Import rate information from another application.
Add Coverage
On the main Coverages page, click Add Coverage.
Continue entering remaining coverage information, starting with the General tab.
Enter Shared Amounts
From the main Coverages page, prior to adding coverages, click Shared Amounts if cost components need to be shared across different coverages.
When you go to the Target tab, details on shared cost components will be displayed.
Read more about Shared Amounts.
