[go: up one dir, main page]
Scribd
Upload
224 views2 pages

Oracle Property Manager Process Flow

The Oracle Property Manager process flow includes property setup, lease management, space assignment, payment and billing setup, lease execution, integration with other modules, amendments and renewals, and reporting and compliance. It allows for the classification of properties, creation of lease agreements, and management of lease payments while ensuring compliance with accounting standards. Optional functionalities include accrual accounting and workflow notifications.

Uploaded by

Ameen G
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
224 views2 pages

Oracle Property Manager Process Flow

The Oracle Property Manager process flow includes property setup, lease management, space assignment, payment and billing setup, lease execution, integration with other modules, amendments and renewals, and reporting and compliance. It allows for the classification of properties, creation of lease agreements, and management of lease payments while ensuring compliance with accounting standards. Optional functionalities include accrual accounting and workflow notifications.

Uploaded by

Ameen G
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Oracle Property Manager - Process Flow

1. Property Setup

- Define locations, properties, and units (e.g., buildings, land, suites).


- Classify property types: owned, leased in, leased out.
- Set up location hierarchies for property organization.

2. Lease Management

- Create Lease Agreement: lease types include Inbound (lease-in), Outbound (lease-out), and Internal.
- Capture lease terms such as lessor/lessee information, space, and lease duration.
- Define rent amounts, frequency, escalation clauses, billing terms, taxes, and payment schedules.

3. Space Assignment (Optional)

- Assign units or spaces to leases to track occupancy and usage.


- Track rentable vs usable area.

4. Payment & Billing Setup

- Link lease payments to Oracle Payables or Receivables.


- Configure recurring payments and billing schedules.

5. Lease Execution

- Activate lease once finalized and approved.


- Generate payments or invoices per lease terms.

6. Integration with Other Modules

- Oracle Payables: Supplier invoices for lease payments.


- Oracle Receivables: Customer invoices for lease income.
- Oracle General Ledger: Posting of all accounting entries.
- Oracle Assets: Asset capitalization or tracking.
- Oracle Projects: Optional for property-related costing.

7. Amendments & Renewals

- Manage lease changes, renewals, terminations.


- Maintain audit trail of all changes.

8. Reporting & Compliance

- Generate reports: lease liability, rent roll, space utilization.


- Comply with IFRS 16 / ASC 842 standards as required.
Oracle Property Manager - Process Flow

Optional Functionalities

- Accrual and deferral accounting.


- Workflow approvals and notifications for lease events.

You might also like