Oracle Property Management

An Overview and Process Flow Of Oracle Property Management

Process Flow

The following list is a typical sequence of events  to abstract a lease in Oracle Property Manager:

• Set up service providers, and define locations, regions and office parks, milestones, and reporting currencies.
• Abstract the lease. (Later, amend and edit it as needed).
• Assign employees to office space. (Later, move and reassign the employees as needed).
• Authorize payment and billing schedules.
• Export payments to Oracle Payables.
• Export bills to Oracle Receivables.
• Review online inquiries and/or produce reports.
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Lease Management

With Property Manager you can abstract, amend, and edit information for your leases.

With Property Manager, you can abstract critical information associated with your lease documents, including:

• Payment terms
• Billing terms
• Options
• Key contacts for vendors or service providers
• Landlord services
• Insurance requirements

Scheduling Payments and Billings

Property Manager automatically generates payment or billing schedules for each lease.

You can also track lease payments in multiple currencies and export payments to your accounts payable system in the currency of your choice

Index Rent Increase

You can use the Index Rent Increase feature to automatically increase base rent either by a fixed percentage or by an amount proportional to the index change for the remainder of the lease term.

Variable Rent

Landlords can use the Variable Rent feature to collect rent based on a variety of variable factors, such as sales volumes, weight, and usage.

Space Management

Property Manager makes it easy to allocate space in leased and owned locations. You can specify detail for the following spaces:

• Regions and office parks
• Buildings
• Floors and suites
• Offices and cubicles

If you use a Computer Assisted Design (CAD) application, or a Computer Assisted Facilities Management (CAFM) application, you can export space utilization information from Property Manager to the CAD or CAFM application

Workflow Automation

During the life of the lease, certain events often require action by your company in a timely manner. With Property Manager you can identify those specific events and schedule the appropriate employee action.