This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Module | Feature | Notes |
|---|---|---|---|
| 03 MAR 2023 | Created initial document. |
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Planning to Billing by Project Role
Project managers can plan by project roles during the early planning phase as the exact people who are going to work on the project are unknown at that point. Perform financial planning, budgeting, and forecasting by project roles. Similarly, negotiate contracts with the clients based on the project roles and capture the negotiated rates on the contract. A common practice in industries, such as professional services, is to bill based on project roles as opposed to named individual resources or more internal-facing HCM jobs. This feature provides the option to perform high level estimation by project roles and bill customers as per negotiated project role based rates.
Billing and Revenue Management
Bill Transaction and Exception Analysis Using Oracle Transactional Business Intelligence
Create ad-hoc analyses and dashboards on bill transactions and revenue and billing exceptions using new real time subject areas within OTBI. See unbilled cost transactions and billing events in summary and detail. Analyze trends in revenue and billing exceptions to see how successful your action plans are in reducing exceptions.
Collaborate on Contract Negotiations using Oracle Content Management
Collaborate with internal and external stakeholders in real-time and gain transparency in each step of the negotiation process. Users across various internal teams like legal, sales, and procurement can review, edit, start conversations and add comments to a contract document in Oracle Content Management. External users, including customers, suppliers and third-party users like lawyers, can have controlled access to the contract documents. They can actively collaborate using the built-in Microsoft Word Online capability. At any point in time, all stakeholders have access to a single source of truth which makes the entire negotiation process seamless. Once the collaboration is completed, you can check in the document to Enterprise Contracts from Oracle Content Management.
Display Content Control in Downloaded Word Document
If you're using structured terms, you can choose to display content control boxes in Microsoft Word when the contract is downloaded. Displaying content control boxes around existing sections and clauses makes it easier to see where to add new content to the downloaded contract. This helps you quickly locate and view what changes were made to the contract when uploaded to the application.
Quantity and Rate Displayed on Labor Invoice Lines
Capture quantity, unit of measure, and unit price on labor project contract invoice lines. The main benefit of this feature is to transfer the attributes to receivables, so users can print them on the receivables invoice, display them on the invoice UI, and include them in OTBI reports.
Upload Your Contract Document in the Background
You can upload your contract document from the Contract Terms page or Oracle Contracts Word add-in using an automated scheduled background process. The process status is displayed as a banner and you can continue to perform limited actions from the Contract Terms page while the upload is in progress. You are notified when the contract document is uploaded. You can override this option if you want to upload your document in real time.
Distributed Payroll Cost Mass Adjustment and Deletion
Delete or adjust distributed payroll costs in large sets based on multiple parameter options. This feature enables labor distribution accountants to remove or adjust large sets of costs using one or more criteria directly from the page where analysis and redistribution occurs.
Labor Schedule Version Date Changes
Change the dates of a labor schedule, reducing the need to duplicate existing versions. Expenditure item dates of distributed costs must continue to be between the start and end dates defined.
Assistance Listing Numbers Terminology for Grant Management
References to Catalog of Federal Domestic Assistance, or CFDA, are now Assistance Listing Numbers, or ALN, throughout the application to conform with US federal government standards.
Letter of Credit and Document Number Updates on Active Awards
Update letter of credit details by amending active awards to accurately represent and track the method of reimbursement.
Planning, Scheduling, and Forecasting
Financial Project Plan Planning Options Management Using a REST API
Manage planning options for financial project plans using the Financial Project Plan REST API. Override the default planning options defined from the project plan type while creating an financial project plan. This override facility better aligns to the user experience available to users in the user interface.
Attachments for Project Issues
Attach, store, and associate attachments to project issues for tracking additional documents and bringing issues to closure with required references. Link documents such as files, URLs, or plain text to document the causes and resolutions for project issues.
Program Management and Reporting
Program Communication Enhancements
Notify stakeholders when new communication reports are published. Select the file format that best matches your intended purpose for downloading a communication report. Options include formats for Excel, PowerPoint, HTML, and XML. Tailor and stylize downloaded report content by designing custom layouts using Oracle Business Intelligence Publisher.
Common Financial Cost and Bill Rates for Resource Requests and Assignments
Request, assign, and maintain project resources using the common source of truth for resource rates. This lets project managers estimate the cost of project labor resources with improved accuracy earlier in the planning phase. This provides greater accuracy of actual project labor costs as resources are assigned to the project. In addition, providing target rates based on the requested project role allows resource managers to search for and nominate resources that have rates that fit within the parameters of that specific project.