Property Subleases Import

Use the Revenue Lease Import process to simplify both sublease conversions and new sublease creation. The import process removes or reduces the need for manual intervention during sublease creation. Import a batch of new subleases directly into the desired status: Draft, Validated, Complete, or Booked.

To import subleases:

  1. Select Import Revenue Leases from the side-panel.
  2. In the Action Type parameter, select Import Revenue Leases.
  3. In the Subaction Type parameter, select New Leases.
  4. Complete the remaining parameters according to your requirements and submit the process.

Sublease Contract Import

Sublease Contract Import

SUBLEASE AMENDMENT IMPORT

Use the Lease Amendment Import process to simplify contract changes to subleases. The Lease Amendment Import process removes or reduces the need for manual intervention during the sublease amendment process. Amendments include scope increases, scope decreases, and nonfinancial changes. Import a batch of sublease amendments directly into the desired status: Draft, Validated, Complete, or Booked.

To import sublease amendments:

  1. Select Import Revenue Leases from the side-panel.
  2. In the Action Type parameter, select Import Revenue Leases.
  3. In the Subaction Type parameter, select Lease Amendments.
  4. Complete the remaining parameters according to your requirements and submit the process.

Sublease Amendment Import

Sublease Amendment Import

SUBLEASE TERMINATIONS IMPORT

Use the Manage Options and Terminations Import utility to simplify end-of-lease activities for subleases, including exercising or canceling options and terminating subleases. Exercise an option to automatically put into effect the right conferred by the option, either to shorten or extend the sublease. Cancel an option if the option wouldn't be exercised in the future. Terminate a sublease, fully or partially, if the sublessor or the sublessee needs to break the lease early. In all cases, the contract is automatically amended to adjust billing, revenue recognition, and accounting balances; and maintain an audit of the changes. The Manage Options and Terminations utility removes or reduces the need for manual intervention during the end-of-lease processes.

To process end-of-lease activities:

  1. Select Import Revenue Leases from the side-panel.
  2. In the Action Type parameter, select Import Revenue Leases.
  3. In the Subaction Type parameter, select Manage Options and Terminations.
  4. Complete the remaining parameters according to your requirements and submit the process.

Sublease Manage Options and Terminations Import

Sublease Manage Options and Terminations Import

Business benefits include:

  • Reduce data entry effort with the import utility for sublease contracts, amendments, terminations, and option management.
  • Streamline business processes by populating the import from originating systems.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Financials  No Longer Optional From: Update 25C

Access Requirements

You do not need any new role or privilege access to set up and use this feature.