This chapter contains the following topics:
Section 1.1, "JD Edwards EnterpriseOne Real Estate Management Overview"
Section 1.2, "JD Edwards EnterpriseOne Real Estate Management Integrations"
Section 1.3, "JD Edwards EnterpriseOne Real Estate Management Implementation"
The JD Edwards EnterpriseOne Real Estate Management system provides comprehensive real estate management and lease management functionality that enables you to streamline financial and operation processes to cost-effectively manage your portfolio. You can effectively manage the entire real estate life cycle with up-to-the-minute processing and billing capabilities for managing leases and financial information, and real-time data access and reporting that enable you to monitor the factors that affect the portfolio, such as payables, receivables, lease origination and occupancy patterns. JD Edwards EnterpriseOne Real Estate Management also enables you to leverage the financial data to compute budgets and subsequent forecasts at the property and portfolio levels.
For example, you can:
Automate the billing processes for complex commercial and retail leases.
Generate straight-line rent, occupancy, and critical date reports.
Analyze and forecast sales.
Process late fees.
Generate detailed lease-level and portfolio-level budgeting and valuation.
Manage and monitor the portfolio to identify assets that are under-performing in key areas.
Analyze and report at the property and portfolio level.
Process multicurrency transactions.
(Release 9.1 Update) Create lessee leases for property and non-property assets, and properly account for those assets using balance sheet lessee accounting.
(Release 9.2 Update) Manage lessee leases
The JD Edwards EnterpriseOne Real Estate Management system integrates with these systems from Oracle:
JD Edwards EnterpriseOne Financial Management Solutions
JD Edwards EnterpriseOne Service Management
Integration considerations are discussed in the implementation chapters in this implementation guide. Supplemental information about third-party application integrations is located on the My Oracle Support website at https://support.oracle.com/
The products that comprise the JD Edwards EnterpriseOne Financial Management system from Oracle enable you to leverage the financial data to compute budgets and subsequent forecasts, and to improve financial reporting accuracy. You can integrate in real-time with the general ledger to eliminate the need for reconciliation.
(Release 9.1 Update) With the addition of the Revenue Recognition for Real Estate Management system, you can identify transactions in the Real Estate Management system that should be included in revenue recognition processing, and send them to the Accounts Receivable system for processing.
(Release 9.1 Update) With the addition of the balance sheet lessee accounting feature, the JD Edwards EnterpriseOne Real Estate Management system integrates with the JD Edwards EnterpriseOne Fixed Assets system, enabling you to enter asset records for non-property assets in the Fixed Asset system, and then process them through the balance sheet lessee accounting process in the Real Estate Management system.
The JD Edwards EnterpriseOne Service Management system from Oracle helps you to enhance customer service and satisfaction, increase tenant retention, reduce vacancy loss, and spare capital leasing cost.
This section provides an overview of the steps that are required to implement the JD Edwards EnterpriseOne Real Estate Management system.
In the planning phase of the implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information.
When determining which electronic software updates (ESUs) to install for JD Edwards EnterpriseOne Real Estate Management, use the EnterpriseOne and World Change Assistant. EnterpriseOne and World Change Assistant, a Java-based tool, reduces the time required to search and download ESUs by 75 percent or more, and enables you to install multiple ESUs at one time.
See JD Edwards EnterpriseOne Tools Software Updates Guide
This table lists the suggested global implementation steps for the JD Edwards EnterpriseOne Real Estate Management system:
Set up companies, fiscal date patterns, and business units.
See "Setting Up Organizations" in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.
Set up accounts and the chart of accounts.
See "Creating the Chart of Accounts" in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.
Set up the General Accounting constants.
See "Setting Up Constants for General Accounting" in the JD Edwards EnterpriseOne Applications General Accounting Implementation Guide.
Set up multicurrency processing, including currency codes and exchange rates.
See "Setting Up General Accounting for Multicurrency Processing" in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.
See "Setting Up Exchange Rates" in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.
Set up ledger type rules.
See "Setting Up Ledger Type Rules for General Accounting" in the JD Edwards EnterpriseOne Applications General Accounting Implementation Guide.
Enter address book records.
See "Entering Address Book Records" in the JD Edwards EnterpriseOne Applications Address Book Implementation Guide.
This table lists the core implementation steps for the JD Edwards EnterpriseOne Real Estate Management system:
Set up Real Estate Management system constants.
See Setting Up Constants.
Set up automatic accounting instructions (AAIs).
Set up user-defined codes (UDCs).
Set up bill codes and adjustment reasons.
Set up billing frequency information, periodic billing cycles, and weekly billings.
Set up tax rate area information.
Set up logs and legal clauses. Enter log standards and lease option types.
Set up statement messages.
Set up building and property information.
Set up floor information.
Set up unit and multi-unit information.
Set up market, renewal, and potential rent information.
See Setting Up Market, Renewal, and Potential Rent Information.
Set up tenant and lease information.
Set up legal clause information and copy option standards.
Enter space detail information.
Enter space detail audit information.
Enter clause amounts.
Enter clause options audit information.
Review and revise critical dates for leases.