X

Review EBS product's new releases & features, troubleshooting tips & tricks, best practices, upcoming webcasts

Integration of Oracle Property Manager with Other Applications

Oracle Property Manager provides an integrated solution with other Oracle
Applications. It integrates with other applications such as General Ledger,
Oracle Payables, Oracle Receivables etc. Here is a glimpse of other sub ledgers
which are integrated with Oracle Property
Manager
.


1. Oracle General Ledger:- Property Manager 
retrieves few setup related information like  chart of account, accounting period types,
accounting calendar, ledger, subledger accounting options etc  from General Ledger. Also the normalized
accounting entries are transferred from Property
Manager
to general ledger via Oracle Subledger Accounting module.

2. Oracle Subledger Accounting:- Oracle Property
Manager
predefines certain setups in Oracle Subledger Accounting like
accounting events and event types, sources, account derivation rules etc and
these setups will be used when the create accounting program is run in Property Manager.

In addition to that you can transfer
normalization-related accounting information from
Oracle Property Manager to Oracle Subledger Accounting. Oracle
Subledger Accounting creates the appropriate journal entries and transfers them
to Oracle General Ledger.

3. Oracle Human Resources (HRMS):- The employee information which we use in Oracle Property
Manager while managing office space and allocating locations to employees, are
retrieved from HRMS.

Also in HRMS module we can define a
hierarchy of organizations to represent the structure of the company. Once you
have created the required organizations, you can classify one or more as
operating units. In
Oracle Property
Manager
, operating units are used to partition data. Users create all
leases, agreements, contacts, locations, and space assignments for a specific
operating unit.

4. Oracle Payables :-
The owner of the property your organization intends to lease (the landlord)
must be set up as a supplier in Oracle Payables and this supplier information
will be used while creating a expense lease in Property Manager. Also Property
manager
uses the other information’s like payment term, distribution set
etc which are setup in payables.

Once the
leases are created and payments are approved, their invoice information is send
to Accounts Payables for invoice creation and for payment processing.

5. Oracle Receivables :- In Property Manager, while creating a revenue lease few information
which we use like customers, transaction source, transaction types, grouping
rules, payment terms etc are retrieved from Oracle Receivables module.

Also once
the Revenue leases are created and finalized, billing lines are approved and
transferred to Receivables for invoice creation and further the accounting of
invoices is sent to General ledger.

In
addition to above, Oracle Property
Manager
module also integrates with Oracle
E-Business Tax, Oracle Projects and Oracle Enterprise Asset Management.

The
tax rates which we define in Oracle
E-Business Tax appear
in the tax input classification or tax output classification LOVs on the term details
window. Users can thus associate the appropriate tax rates with lease terms.

You
can assign projects which are defined in Oracle Projects module to a location in Oracle Property Manager. By linking
locations to projects, your organization can track where project team members
are located and the exact costs of space assignment.

The
integration between Oracle Property
Manager
and Oracle Enterprise Asset Management (eAM) enables eAM assets to
correspond with locations defined in Oracle
Property Manager
. Using the Export Locations to Enterprise Asset Management
concurrent program we can export location data to Oracle Enterprise Asset
Management.

Oracle
Property Manager also uses an open interface to integrate with CAD and CAFM
applications. This integration enables you to manipulate and view information
about your space definition and usage in either a forms-based or CAFM
environment, synchronizing data across applications as required.

For
more details on integration of Property manager with Other subledgers, refer
the Property Manager implementation guide.

Join the discussion

Comments ( 4 )
  • guest Thursday, January 7, 2016

    Good overview on Property Manager


  • Deepak Mittal Thursday, January 7, 2016

    Vaishali,

    Very informative article. Hope to view more articles from you.

    Good for beginners too.

    Regards,

    Deepak


  • guest Friday, February 12, 2016

    Vaishali -

    Don't we integrate Property Management to Oracle Assets..

    Pls summarise on it...


  • guest Thursday, June 9, 2016

    Hi

    Can I unapprove a batch that I approved in oracle property manager


Please enter your name.Please provide a valid email address.Please enter a comment.CAPTCHA challenge response provided was incorrect. Please try again.