Prerequisites and Assumptions

Oracle Joint Venture Management is a functional area of Oracle Fusion Cloud Financials. As such, you must be using Oracle Financials to manage the financial accounts for your joint venture transactions before implementing Joint Venture Management.

Each user of Joint Venture Management might require an additional subscription to Oracle Fusion Cloud ERP.

Note: If you use an accounting solution other than Oracle Financials, you can use Oracle Accounting Hub to import your joint venture transactions into Oracle Financials.

Related information:

• Overview of Implementing Oracle Financials Cloud
• Overview of Oracle Accounting Hub Cloud

Implementation Prerequisites

Certain implementation tasks in Joint Venture Management are dependent on the setup of other items in Oracle Fusion Cloud Applications. The following table lists the prerequisites for these implementation tasks and provides links to more information about the required setup.

Implementation Task	Prerequisites	More Information
Set up invoicing partners	Requires the setup of customers, customer sites, suppliers, and supplier sites. The business unit associated with an invoicing partner must have the Receiving option enabled.	Add an Invoicing Partner
Set up joint venture definitions	Requires the identification of the label of the segment in the Oracle Financials chart of accounts where transactions for all your joint ventures are managed. The business unit associated with a joint venture definition must have the Receiving option enabled. Customer payments and payables payment service providers must be activated for the business unit.	Before You Create a Joint Venture Definition Specify a Business Unit
Set up interested stakeholders (stakeholders that are not invoiced)	Verify that the contact information exists for interested stakeholders in Oracle Fusion Cloud Applications.	Add an Interested Stakeholder
Set up an integration with Oracle Project Costing (optional configuration)	Requires configurations in both Project Costing and Joint Venture Management.	About the Joint Venture Management Integration with Project Costing Setup
Set up a joint venture definition to identify distributable transactions by project values (optional configuration)	This capability is supported only with an integration between Project Costing and Joint Venture Management.	Before You Can Specify Project Information in a Joint Venture Definition
Set up task and expenditure type overrides (optional configuration with Project Costing integration)	In Project Costing, the overriding task must be defined in all relevant projects and project templates. The Work Breakdown Structure must be set up so that the roll-up for asset creation isn't impacted by the overrides.	Before You Set Up Task and Expenditure Type Overrides

Use of Auditing and Other Common Cloud Features

Because Joint Venture Management is part of Oracle Cloud ERP and Oracle Financials, you can use common features available with Oracle Cloud ERP with your Joint Venture Management implementation. This includes common features such as auditing, which you can enable to monitor user activity and all configuration, security, and data changes that have been made to Joint Venture Management. See Overview of Joint Venture Auditing for more information about setting up auditing for Joint Venture Management.

Related information:

• Oracle Applications Cloud Implementing Applications Guide - About This Guide
• Oracle Applications Cloud Using Common Features Guide - About This Guide