Shelby Klingerman, Content Curator |

A recent presentation from Oracle at INFOCUS 18 covered the functionality available in Joint Venture Management. Here’s what we learned about the business problem and process that Joint Venture Management serves and the breakdown of what can be accomplished with the system.

Presentation Overview

Business Problem

When a company cannot fund a project on its own, a joint venture is formed between partners to run the project. One company is deemed the Managing Partner, and this Managing Partner will be the one that handles the financials of the project. They will handle bills and distribute expenses, revenue and reports to partners. Joint Venture Management is designed to help Managing Partners handle the tasks that fall on them throughout a project.

Business Process

There are five components of the Joint Venture Management process that a Managing Partner must handle.

1. Incur expenses, receive revenue and manage cash.
2. Process allocations and overhead to be distributed.
3. Distribute expenses, overhead and revenue to partners.
4. Process invoices, vouchers and journal entries for distributions.
5. Joint Venture Financial Reporting.

Joint Venture Management can handle all of these functions. For a detailed breakdown of each of these five components, check out the full presentation below.

Solution Overview

Joint Venture Management is available in JD Edwards EnterpriseOne Applications Release 9.2 as part of the Financials module. There is no Tools release dependency for Joint Venture Management, but Tools 9.2.2 is required if you want to utilize the optional UX One Analytics component.

Although Joint Venture Management is offered as part of the Financials module, existing JD Edwards modules from other industries can still be used in partner with Joint Venture Management to help manage the joint venture operations. For example, you can still use modules like Project Costing, Real Estate Management, Grower Management or Financial Management.

What Can Managing Partners Do with Joint Venture Management?

With Joint Venture Management, Managing Partners will be able to:

• Define joint ventures.
• Manage the division of interest for each joint venture.
• Track and manage budgets, indirect costs, direct costs, revenue and cash.
• Allocate indirect costs and/or calculate overhead expenses.
• Distribute expenses, overhead and revenue to partners.
• Create invoices, vouchers and journal entries for the distributed transactions.
• Create financial statements and reports for the venture.

Learn More

To learn more about Joint Venture Management, including roadmap items like UX One Roles, check out the full presentation below.

Want more resources like this, all in one place? Discover everything available at COLLABORATE 19, the Technology and Applications Forum for the Oracle Community, April 7-11, 2019, in San Antonio. Learn more, and follow #C19TX on Twitter to stay up-to-date on all things COLLABORATE 19!