Oracle Property Manager – Introduction – Overview

Introduction

Oracle Property Manager is part of the Oracle Real Estate Management solution. It is designed as a property database for organizations with large property management portfolios. It provides you with tools to manage real estate tasks, such as property administration, space allocation, and most importantly, lease management. Landlords as well as tenants can use Oracle Property Manager to manage lease clause information and critical real estate dates and milestones for property leases and space administration. This dual perspective enables Oracle Property Manager to address the needs of corporate real estate management, commercial property management, retail or franchise operations, and investment real estate companies to manage their real estate portfolios efficiently.

This module is widely used by real estate companies owning/leasing buildings and/or land, mall administration companies leasing retail space and any other company that rents buildings or space to a third party.

Key Features:-

Lease Management / Administration

Lease Management is the center of real estate management function. With Oracle Property Manager you can amend, edit and track your lease information's, calculating lease amounts, scheduling payments / receipts, exporting invoices to Oracle Payables and Oracle Receivables, setting up milestones etc. 


In addition to that we can also automate the process of rent increases based on fixed percentages or specific indexes such as the Consumer Price Index (CPI). We can also  calculate rent rent based on variable factors such as sales volumes. This module can be effectively used for collecting common area maintenance (CAM) expenses also.

Space Management

The Oracle Property Manager module has an inbuilt hierarchy starting at the top by grouping properties within regions and office parks. You can define / track details like regions and office parks, building, floors and offices etc.  It also helps to ensure that each employee or customer is assigned with appropriate space and it also helps to ensure that all available space is assigned in the most effective manner possible.


We can also track space usage at any level by employee, cost center or both. Managing space efficiently enables landlords to keep occupancy rates high to ensure proper return on investment.

Integration

Oracle Property Manager integrates with Oracle applications such as Payables, Receivables, General ledger, Human resources etc. This helps to use Oracle Property Manager records as the source of payments and billings.

Reporting

Oracle Property Manager provides a set online inquiry windows and standard reports for reporting purpose. Using online inquiry window we can easily access information such as lease amends and edits, payment and billing information as well as rentable, usable, and vacant area etc.


In addition to that there are many standard reports which will help to review rent schedules, lease provisions, rent schedules, space allocation and utilization.

If you have any question on Oracle Property Manager or if you are interested in knowing more about it, you can post your questions in Communities

Comments:

Thank you for publishing the blog. Its really useful.

Regards,
Soumya

Posted by guest on October 20, 2015 at 07:40 AM EDT #

Vaishali,

It provides a very good introduction and scope of the module. I have now got a good exposure about Property Management and how we can go about it.Its key features , integrations and reports will be surely useful for any beginner.

I would request you please cehck if you can publish a blog on process flow part which will really of much help.

Thanks,
Sephali

Posted by guest on October 21, 2015 at 06:24 AM EDT #

Hi Sephali

Thanks for the feed back. On your request for transaction flows, we will surely try to include that in our future posts.

Regards
Vaishali

Posted by Vaishali on October 21, 2015 at 06:47 AM EDT #

Will the be available in Oracle Public Cloud? Possibly Fusion ERP:

https://cloud.oracle.com/en_US/financials-cloud

Regards,
Chris

Posted by Chris Gentner on October 28, 2015 at 03:51 PM EDT #

Hi Chris

As of now Property Manager module is not available cloud or fusion application.

Regards
vaishali

Posted by guest on October 29, 2015 at 05:12 AM EDT #

Hi Vaishali,

Do you perhaps know if/when Real Estate Management will be available in Fusion or Cloud?

Thanks,
Stanton

Posted by Stanton Naidoo on April 01, 2016 at 05:11 AM EDT #

Hi Stanton

As of i do not have any idea on when Real Estate Management will be moved to fusion.

Regards

Posted by Vaishali on June 09, 2016 at 10:59 PM EDT #

Is there any support for OSCRE standards with Oracle Property Manager with regards to property leases and import/export capabilitis?

Posted by guest on September 08, 2016 at 10:11 AM EDT #

Hi Vaishali,

Thank you for such a wonderful sharing on the Oracle Property Manager, could you please advise further with end to end process flow of oracle property with regard to AR and AP transactions.

Thanks and best Regards.
Rizwan Ali Qumbrani

Posted by guest on October 04, 2016 at 03:56 AM EDT #

For those of you requesting information about when Oracle Property Manager will be available in Fusion or Cloud, please contact and discuss this with your sales representatives.

Thank you,
Tim Caldwell
Global Customer Services

Posted by guest on January 24, 2017 at 11:49 AM EST #

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