Invoicing Partner Name and Stakeholder Name Updates

Update invoicing partner names and stakeholder names in a joint venture.

To change an Invoicing Partner Name:

1. Navigate to Setup and Maintenance and select the Joint Venture Management functional area under the Financials offering.
2. Click the Manage Invoicing Partners task.
3. On Invoicing Partners, select the row with the invoicing partner and click More Actions, Edit Name.
4. Enter the new name for the invoicing partner and click Update.

To change a Stakeholder Name:

1. Navigate to Setup and Maintenance and select the Joint Venture Management functional area under the Financials offering.
2. Click the Manage Joint Venture Definitions task.
3. Open a joint venture with the stakeholder and navigate to the Stakeholders page.
4. Select the row with the stakeholder and click More Actions, Edit Name.
5. Enter the new name for the stakeholder and click Update.

Business benefit:

Maintaining the current invoicing partner name and stakeholder name can help reduce confusion in the management of the joint venture life cycle.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

• When you change an invoicing partner name or stakeholder name in Oracle Joint Venture Management, the name is updated in all joint ventures that the invoicing partner and stakeholder is associated with. It’s also updated in any associated partner contributions, distributions, and carried interest distributions generated for the invoicing partner and stakeholder.

• After you change an invoicing partner name or stakeholder name, you must have an application implementation consultant run the data ingest process to update the names in the Transactions, Distributions and Invoices work areas.

• If you change an invoicing partner name or stakeholder name, you must change the name in both the source and target environments before performing a data migration.

• If you only change the name in source environment, after the data migration, you’ll end up with two records in the target environment—one with the original name and another with the new name. In this scenario, in the target environment, you would need to delete the new record and then change the name of the original stakeholder to the new name.

Key Resources

• For more information, refer to
  • Implementing Joint Venture Management guide and
  • Using Joint Venture Management guide.

Access Requirements

• Joint Venture Application Administrator
• Joint Venture Accountant