As Oracle Joint Venture Management Consultants, we partner with clients to streamline operations and simplify management of capital investments.
Oracle Joint Venture Accounting offers transparent digital collaboration between joint venture partners. With automated transaction processing, partners gain real-time access to the financial state of the joint venture. Plus, managing partners no longer have to review and reconcile transactions for each partner. Joint Venture Accounting is optimized for the following industries: Electric power, oil & gas, engineering, construction, agribusiness, and real estate.
Horizon has over 25 years of experience and a pool of consultants specializing in cloud 360 assessment, implementation, and support services in all aspects of Oracle Cloud JVM.
Our Project Management Institute® (PMI)-certified consultants will help you develop and mature your organization’s project management practices.
We operate cross-functionally, as a trusted advisor. We guarantee that our recommendations and solutions fit your needs.
Oracle Fusion Joint Venture Management Cloud transforms how joint ventures are managed. With Oracle’s Joint Venture Management application, partners gain total transparency regarding costs, revenue, and distributions. Equally important, all costs and revenue associated with the joint venture agreements will be identified and distributed, thereby reducing risk and building confidence. Partners enjoy full access to the details of each transaction, from origin to distribution.
Industries We Serve
A More Strategic Joint Venture Solution for Nonprofit and Government Clients
A More Strategic Joint Venture Solution for Finance and Fintech Clients
A More Strategic JV Solution to Streamlining Property Accounting Processes
Do we need to have Oracle Cloud PPM to be able to use Oracle Joint Venture Management?
No. Oracle Joint Venture evaluates all financial data. Oracle Cloud PPM can be used to further limit transactions included in the joint venture, but this is not a requirement. Oracle Cloud PPM is not required to implement Oracle Joint Venture.
Will Oracle GL-only entries be included as a part of the distributable component of the joint venture?
Yes. Oracle Joint Venture evaluates all transactions. GL-only entries are evaluated for inclusion in the joint venture.
How many partners can be included in each joint venture?
There is no restriction on the number of partners that can be included in each joint venture arrangement.
Can partners have access to the distribution split for each transaction?
Yes. Oracle Joint Venture tracks how each transaction is distributed among partners. A standard extract demonstrating how transactions are distributed can be provided.
Can costs be captured in the joint venture that isn’t distributable to the partners?
Yes. Certain costs may be included in the joint venture and can be excluded or placed on hold from distribution.
Can Oracle Joint Venture handle certain costs being distributable at different rates?
Yes. Oracle Joint Venture Management allows each cost type to be distributed according to the JV agreement.
Can we have internal joint venture partners?
Yes. One or more internal parties can be defined for each JV partnership
Do we need to create an invoice for internal parties?
No. Oracle Joint Venture can be configured allowing GL journals to be created for internal parties.
Does Oracle Joint Venture manage partner contribution?
Yes. Partner contribution is applied and tracked at the transaction level (through the distribution process). When necessary, Oracle Joint Venture can automatically generate an invoice for the amount due, based on incurred costs.
Can Oracle Joint Venture manage retroactive billing automatically?
Yes. Oracle Joint Venture can automatically recalculate historical invoices if partner percentage has changed retroactively
Can partners obtain an extract of the transactions that were included in their distribution?
Yes. Standard functionality is available to extract and download this level of detail for each partner.
Can cutbacks be isolated on a project so we can report on gross vs net?
Yes. Cutbacks can be limited to a specific task on a project (where Oracle Cloud PPM is implemented) or to a specific cost center
Will cutbacks be included as part of the cost such that the asset reflects our portion?
Yes. Cutbacks for internal partner costs are included as a part of the asset basis.
Can JV handle common costs that need to be allocated at varying rates to joint venture?
Yes. Common costs can be collected and distributed to the JV using several different mechanisms in Oracle.