{"id":8111,"date":"2019-05-22T11:24:11","date_gmt":"2019-05-22T11:24:11","guid":{"rendered":"https:\/\/rax-stg-wp-aws.com\/blogs\/an-overview-of-the-oracle-property-manager\/"},"modified":"2026-11-03T19:29:26","modified_gmt":"2026-11-03T19:29:26","slug":"an-overview-of-the-oracle-property-manager","status":"publish","type":"blogs","link":"https:\/\/www.rackspace.com\/en-gb\/blogs\/an-overview-of-the-oracle-property-manager\/","title":{"rendered":"An overview of the Oracle Property Manager"},"content":{"rendered":"

Introduction<\/strong>
\nThe Oracle\u00a9 Property Manager is part of the Oracle Real Estate Management solution and is a database that is specifically designed for companies and corporate giants that have large property portfolios. This blog highlights the Oracle Property Manager\u2019s various features and functions.<\/p>\n

Oracle Property Manager not only automates and organizes a company\u2019s property portfolio, but it also enables users to make intelligent decisions to maximize profits. Oracle Property Manager integrates with the modules that capitalize on database efficiency for both employees and customers, as shown in the following image:<\/p>\n

\"Oracle<\/p>\n

Key features of the Oracle Property Manager <\/strong><\/p>\n

By using the Oracle Property Manager, you can perform the following tasks:<\/p>\n

– Property administration: Classify the type of property, geographical location, condition, and tenure.<\/p>\n

– Space allocation: Assign the space to an employee or customer.<\/p>\n

– Lease management: Perform the following activities:<\/p>\n

    –  Abstract, modify, and amend lease information.<\/p>\n

    –  Calculate rent and common area maintenance expenses.<\/p>\n

– Accept and make payments: Create invoices for Oracle Accounts Payable (AP) or Accounts Receivables (AR).<\/p>\n

– Run and view reports: Perform the following activities:<\/p>\n

    –  Create over 30 standard reports that provide all the required information for the property.<\/p>\n

    –  Use other reporting tools for customized reports.<\/p>\n

    –  Integrate with computer-aided design (CAD) programs to import and export data.<\/p>\n

Property administration<\/strong><\/p>\n

By using standard forms, you can define a property as a combination of land details and building details. The database provides a built-in hierarchy that starts at the top by grouping properties within office parks and regions, as shown in the following image:<\/p>\n

\"Oracle<\/p>\n

Figure 1 – Property definition <\/em><\/p>\n

\nBuilding details can include location, tenure, address, user-defined class, and  status. Additionally, you can enter other important information like area details, occupancy area, features, and contacts.<\/p>\n

You can also subdivide a building into floors and offices, and you can enter the previous records for each individual subclassification. The following image shows a building details form:<\/p>\n

\"Oracle<\/p>\n

 <\/p>\n

Finally, you can subdivide land into various parcels, withholding information like land area, conditions, and the features for each classified parcel. You can record the asset numbers, titles, and details, and do so by using flexfields. <\/p>\n

Space assignments<\/strong><\/p>\n

After you define the property, assign it to either an employee or a customer at any of the previously described levels. Facilitate the assignment by using the cost center or General Ledger (GL) codes for revenue or cost purposes. Space assignment forms display the entered data of the assignment logically and include the total occupancy at various levels, such as building, office, floor, and so on. You can also record information related to any project, organization, or task at this level.<\/p>\n

Lease management<\/strong><\/p>\n

By using the Oracle Property Manager, you can oversee and control a variety of lease management tasks, such as the following tasks:<\/p>\n