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ORACLE PROJECT BILLI NG

ORACLE DATA SHEET. ORACLE PROJECT BILLING. KEY FEATURES. ORACLE PROJECT Billing helps improve cash flow and PROJECT BILLING CONFIGURATION. Set up billing information, profitability by streamlining and managing your billing processes. such as customer information, You can easily review and manage invoices, revenue, and funding retention terms, billing cycles, and sales credit receivers for all of your projects. ORACLE PROJECT Billing is an integrated part Define billing methods for of ORACLE Projects, a suite of solutions that helps companies to different contract projects or by top task for invoicing predictably and successfully deliver global projects by integrating, Set up bill rates for time and materials projects managing and providing insight into enterprise PROJECT information.

Oracle® Project Billing helps improve cash flow and project profitability by streamlining and managing your billing processes. You can easily review and manage invoices, revenue, and funding

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Transcription of ORACLE PROJECT BILLI NG

1 ORACLE DATA SHEET. ORACLE PROJECT BILLING. KEY FEATURES. ORACLE PROJECT Billing helps improve cash flow and PROJECT BILLING CONFIGURATION. Set up billing information, profitability by streamlining and managing your billing processes. such as customer information, You can easily review and manage invoices, revenue, and funding retention terms, billing cycles, and sales credit receivers for all of your projects. ORACLE PROJECT Billing is an integrated part Define billing methods for of ORACLE Projects, a suite of solutions that helps companies to different contract projects or by top task for invoicing predictably and successfully deliver global projects by integrating, Set up bill rates for time and materials projects managing and providing insight into enterprise PROJECT information.

2 Define employee, job, and ORACLE Projects is part of the ORACLE E-Business Suite, an integrated non-labor bill rates Assign and override bill rates set of applications that are engineered to work together. and discounts Define customers and control Define Your Billing Processes billing by top task ORACLE PROJECT Billing gives you the flexibility to configure processes that meet Configure hard and soft limits Enter agreements, bill rates, multiple contract types, stringent customer billing requirements, internal accounting and events in any currency policies, and complex funding arrangements. AGREEMENTS AND FUNDING. Set Up Flexible Billing Methods and Controls Define agreement types and With ORACLE PROJECT Billing, you can accrue revenue and generate invoices templates Fund at PROJECT or task level according to your company policies based on time and material bill rates and based on agreement, markups, cost plus buildup, percent spent, percent complete, or any algorithm that contract, or customer and you define.

3 For each customer contract, you can configure a unique set of revenue across operating units Revaluate funding to match accrual and invoice methods, so that you can accrue revenue and bill your customer currency fluctuations based on whatever terms you agreed upon costs, events, or work progress. With REVENUE ACCRUAL ORACLE PROJECT Billing, you can flexibly set up bill rates to calculate revenue and Accrue revenue for a single invoicing for your time and materials projects. You can define bill rates for specific PROJECT or range of projects employees, job titles, or equipment. You also have the granularity to set up details using time and materials, cost reimbursable, and fixed price such as billing titles, credit receivers, and billing cycles.

4 ORACLE PROJECT Billing also methods, and adjust as lets you determine which of your users have override privileges over any standard needed rates and terms. Calculate potential revenue by percent spent or percent To improve the accuracy of your PROJECT finances, ORACLE PROJECT Billing provides a complete, and in foreign currencies variety of billing controls and limits. Limits can be set up for both revenue accrual Accrue costs in the same and invoice generation, so that billings do not exceed your current amount of period that revenue is funding. Hard limits will automatically prevent any cumulative billings over that generated amount, whereas soft limits will simply give you a warning.

5 To gain further control INVOICE GENERATION. of your PROJECT finances, you can also require users to provide justification for any Generate invoices based on work, events, or defined type of invoice discount, credit memo, concession, or invoice write-off giving you milestones a full audit trail of any exceptions. Issue consolidated invoices across projects, contract lines, Manage Complex PROJECT Funding agreements or desired invoice ORACLE PROJECT Billing provides you the flexibility you need to manage any of your grouping criteria funding agreements, including work orders, service agreements, or verbal 1. ORACLE DATA SHEET. Generate specific invoice authorizations.

6 For example, you can define one agreement type for all verbal formats such as SF1034, SF1035 or SF1443 to meet agreements and another for all agreements using purchase orders. You can also contract billing requirements define additional agreement types to distinguish internal agreements from those with Use flexible invoice line your external customers. ORACLE PROJECT Billing's agreement templates make it formats summarize invoice lines by task, person, skill faster and easier for you to create agreements for all of your projects. level, expenditure type, and more ORACLE PROJECT Billing lets you manage funds according to the terms of your Review invoices online and agreements.

7 You can manage funds at the overall PROJECT level, from simple funding make adjustments requirements, such as tracking funds for one customer with one agreement, to more Drill down from invoice to complex needs, such as managing funds for multiple customers with multiple detailed transactions online Generate interproject invoices agreements per customer. You can also track funds at the task level if you are to share costs and revenue required by your customers to create separate invoices, with potentially different between projects invoice methods, for each top-level task. ORACLE PROJECT Billing helps you manage BILLING ANALYSIS. the most complex global agreements by allowing you to fund different projects Create and view billing review across multiple operating units.

8 Additionally, for United States Federal Government reports and billing process flow reports contractors, PROJECT agreements can be automatically funded from PROJECT Contracts Use ORACLE Daily Business by various funding classifications or ACRN (Accounting Code Reference Numbers). Intelligence for Projects to allocations as defined on your PROJECT contract. gain insight into cross- PROJECT billing analyses Many companies have short-term projects, lasting one to ten days, which they want INTEGRATION. to bill. ORACLE PROJECT Billing provides an easy way to set up these short term Seamlessly integrate with contract projects. You can create a PROJECT template that is associated with an other ORACLE applications including General Ledger, agreement, funding, and baseline budgets.

9 When you create a new PROJECT by Payables, PROJECT Contracts, copying the template, the agreement funding, and baseline budgets will be and Receivables automatically copied to the new PROJECT . Integrate with third-party applications through open, Manage Billing Across the Global Enterprise standards-based architecture As your business expands into global markets, you need to meet the various USER INTERFACE AND. currency requirements of your customers. Using ORACLE PROJECT Billing, you can CONFIGURABILITY. maintain agreements, funding, and bill rates in multiple currencies which enable you Use Web-based graphical interface to contract and fund projects in any currency, avoiding unnecessary currency Create client extensions to conversions.

10 ORACLE PROJECT Billing will generate customer invoices in whatever meet your specific business currency you specify. You can specify a default invoicing currency for each PROJECT needs Design personalized views for customer, and you can change the currency of an existing invoice. Additionally, each user or workgroup PROJECT funding backlog can be revaluated periodically to match currency Define, update, and view fluctuations, and realized gains and losses due to foreign exchange can be applied to PROJECT security settings PROJECT revenue. To further support multi-currency requirements, revenue can be sent to the General Ledger in the functional and foreign currency.


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