Tuesday 11 April 2017

Oracle Property manager : Property, Location, Lease, AP Invoice

Oracle Property Manager:-
Oracle Property Manager is part of the Oracle Real Estate Management solution. You can use Oracle Property Manager to manage your properties. Oracle Property Manager provides you with tools to organize the information you use to manage major real estate tasks.
Oracle Property Manager includes the following scenarios to organize the information you use to manage major real estate tasks:

  • Lease Management
  • Space Management
  • Workflow Automation
  • Integration
  • Reporting
  • Inquiry


Integration: - Oracle Property Manager is integrated with other Oracle applications, including:
  • Oracle General Ledger
  • Oracle Sub ledger Accounting
  • Oracle Payables
  • Oracle Receivables
  • Oracle E-Business Tax
  • Oracle Human Resources
  • Oracle Enterprise Asset Management
  • Oracle Alert
  • Oracle Workflow
  • Oracle Projects


This integration enables you to use your Oracle Property Manager records as the source of payments and billings, and to use your Human Resources records as a source for employee information in Oracle Property Manager.

Lease Management

Lease management is at the center of the real estate management function. With Oracle, you can control and oversee a variety of lease management tasks such as:
Abstracting basic lease information from lease documents
  • Modifying and amending leases
  • Calculating lease amounts
  • Creating invoice schedules
  • Exporting invoices to Oracle Payables and Oracle Receivables

Type of lease
Three types of lease as follow:- 

  • Expense
  • Revenue
  • Sublease 


Steps for Building creation, location and lease:
Buildings Setup

Goto, "Property Manager" responsibility 

Property Definitions --> Property --> New 



Property Creation


Building Creation 


Buildings Setup – Features


Buildings Setup – Contacts


Floors Setup

Offices Setup – Main Floor

Offices Setup – Second Floor

Lease Setup


Lease Setup – cont


Lease – Details

Lease – Contacts



Lease – Locations

Lease – Insurance

Lease – Rights


Lease – Obligations

Lease – Options

Lease – Payments


Lease – Payments cont

Lease – Term Details

Lease – Notes

Lease – Status

Lease – Payment Schedule    

Lease – Payment Schedule Request



Lease – Payment Schedule Report

Authorize Payment

Payment manager responsibility --> Lease and document --> Payments-->Authorize  

Payment Status – Approved

View Payment Schedule Details


Payment Export to Payables
Payment manager responsibility --> Lease and document --> Payments-->Export to payable 


Payment Export – Request


Run Below program 

Payables Interface Request

Check Report "Payable Import Report" and invoice number also mention in report. 

Check invoice number in payable. 





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