oracle real estate management
- 1. ORACLE REAL ESTATE MANAGEMENT FOR RETAIL KEY FEATURES Key Features: • • • • • • • • • Timely and cost effective construction management, lease administration, and facilities management Executes leases from both owner and leaseholder perspectives in a single solution Proactively manages critical milestones throughout the real estate lifecycle, such as lease renewal dates Calculates rents with integration to Oracle Payables and Oracle Receivables Supports variable rent calculations and complies with FASB 13 Provides centralized visibility and appropriate access throughout the Real Estate business process Improves asset utilization Enables cost efficient repeatable construction Complete, integrated, web- based solution In today's challenging retail climate, a penny saved is truly a penny earned. Using fact-based analysis to understand your opportunities, opening stores on time and on budget, and staying on top of your lease obligations are critical to minimizing the overall cost of managing your real estate portfolio. A complete, integrated, web- based solution that supports end-to-end automation of all critical business functions is the foundation for effective real estate management. Oracle Real Estate Management for Retail has all the necessary components to support whole-life real estate activities allowing you to manage by fact. Increasing revenue while managing costs Over the last decade, the explosion in the number of stores, formats, store size, and complex tenant/subtenant relationships has been extraordinary. Today, the real estate departments for retailers are often forced to handle the frenzy of new requirements with the same tools and processes they used when they were smaller and simpler organizations. The increased scrutiny from Wall Street and the softened economy are magnifying the inefficiencies in managing real estate costs. This magnification affects the stock price and more importantly the ability for retailers to successfully compete. Manage your store build-outs, remodels and on-going leases At Oracle, we understand that delayed build-outs or remodels impact revenue. Missed renewal dates cost money. Options that expire without your knowledge are opportunities missed. Accruals lingering beyond store openings create cost overruns. Do you have the tools to manage your real estate effectively and efficiently? Could you become a landlord tomorrow and recoup value from your excess space in a store within a store format? Oracle has combined deep industry knowledge with our integrated software solutions to help you take a proactive approach to managing your real estate. Being alerted of critical events throughout the real estate lifecycle is necessary to maximize your investment and minimize your cost. Oracle manages critical events in construction and build out projects, keeps you on schedule, and contains costs. After the stores are built, the ability to monitor critical events associated with the terms, options, and contractual obligations negotiated into your leases are important. Oracle offers retailers a fully integrated footprint of applications that facilitate all activities related to real estate management as well as a centralized data repository to facilitate decision-making and analysis.
- 2. ORACLE REAL ESTATE MANAGEMENT FOR RETAIL OVERVIEW Copyright © 2003, Oracle. All rights reserved. • • • Streamline real estate management The Oracle Real Estate Management for Retail enables you to effectively and efficiently manage the entire retail real estate process by: Facilitating communication and collaboration across the extended enterprise from the dealmaker to the purchasing agent and 3rd party contractor through visibility and accessibility. Monitoring and managing your real estate portfolio and performance to understand which stores to remodel, which to close, where to fill-in, what format performs better, etc. with powerful analytical capabilities. Optimizing the value, cost and contribution of real estate to the bottom line through repeatable construction, proactive maintenance management, strategic sourcing, etc. Automate real estate activities End-to-end automation enables you to recognize events as they happen, minimize data entry, and streamline business processes. To effectively manage your real estate and your business, you need a solution that supports the entire business process automation while providing complete information. Oracle Real Estate Management for Retail supports the many business processes throughout the retailer’s real estate life cycle. Oracle Financials, Oracle Property Manager, Oracle Projects, Oracle Procurement and Oracle Enterprise Asset Management are part of the Oracle E- Business Suite -- an integrated set of business applications that are engineered to work together. The Oracle E-Business Suite enables you to efficiently manage all of your critical business functions. Whether you implement one module or the entire Suite, the Oracle E-Business Suite enables you to share unified information across the enterprise so you can manage by fact. The opportunity to achieve operational excellence Many retailers have plans to increase their real estate portfolio by expanding into new markets or with a fill-in strategy. Some are opting to close stores or renovate existing ones. These activities, as well as lease and maintenance management, require timely, accessible information. Oracle Real Estate Management for Retail provides the visibility you need, when you need it. To learn more, go to oracle.com/industries/retail Site / AssetSite / Asset DisposalDisposal Store / FacilitiesStore / Facilities ManagementManagement ConstructionConstruction ManagementManagement • Identify site candidates for lease or purchase • Review and approve acquisition • Track costs & progress of construction projects • Schedule resources (labor, materials, equipment) • Service facilities and assets • Meet financial obligations (e.g., lease payments) • Track individual and aggregate site profitability • Determine whether to keep or close site Site SelectionSite Selection & Acquisition& Acquisition