By Vaishali -Oracle on Jan 06, 2016
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.