Update 23D
Revision History
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 |
---|---|---|---|
23 FEB 2024 | Billing and Revenue Management | Bill Transaction Creation on Billing Event Creation | Updated document. Revised summary information. |
01 SEP 2023 | Created initial document. |
Overview
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Project Management
Billing and Revenue Management
Additional Bill and Revenue Plan Analysis Using Oracle Transactional Business Intelligence 
Add additional Bill and Revenue plan attributes in Oracle Transactional Business Intelligence when using the Contract Line Billing and Revenue Details dimensions. Users can review the customer information and invoice settings from the current version of the Bill plan or Revenue plan for a project contract in OTBI analysis. Examples of information and settings include: Billing Cycle, Payment Terms, Invoice Grouping Options, Bill Transaction Currency to Invoice and Revenue Currency Conversion settings, Invoice Line Grouping Options, and Schedules Information.
Attach Documents When Emailing Contract 
When you use the Email action to send a contract, you can use the Attachments section to attach other documents and send them along with the contract. You can add attachments by either dragging files to this window or by browsing for the files you'd like to attach. Sending everything together in a single email helps the recipient get the full context they need to review the contract plus its associated documents, and respond to your email.
Bill Transaction Creation on Billing Event Creation
In the 23C release, we delivered functionality to automatically create bill transactions when project costs are imported. In this release, we're extending the previously delivered functionality so that bill transactions are also created when project billing events are created. Full synchronization of project billing events with bill transactions for update and delete scenarios will be delivered in release 24A. Our goal is to ensure that bill transactions provide an accurate, real-time record of work-in-progress, or WIP, without the need to rely on batch processes such as Generate Invoices or Generate Revenue.
Prior to release 24B the Bill Transaction Creation on Cost Import feature is under controlled availability and requires a Service Request to be logged through My Oracle Support. Support will then provide you with a promotion code, enabling you to unlock and opt into the feature using Setup and Maintenance. From release 24B onwards, the feature is generally available and can be opted in without needing to log a Service Request or enter a promotion code.
Configure Contract Approval Notifications
You can configure contract approval notifications to set the content and layout according to your business needs. You can modify the Oracle Business Intelligence (BI) Publisher report using RTF templates for layout changes, and the BI data model for content changes. Here's the list of some of the components that can be configured in the default report:
- Logo: Modify the brand logo in the header.
- Title: Configure the workflow notification title.
- Body: Add or remove existing attributes or add new tables. This includes standard attributes from any table, Descriptive Flexfields and Application Composer attributes.
- Footer Links: Hide the approve or reject links.
- Style: Change the formatting including font size, color, table borders and so on.
Display Approval History from Contract Search 
You can check the approval progress of contracts in Pending approval status directly from the contract search results. A link from the status column opens the Review Approvers page where you can see the approval hierarchy for the contract. This feature is available on the contracts landing page, Search Contracts by Text, or from the Manage Contracts task. You can enter search criteria to focus on the right contracts and see where they're stuck and help move them forward.
Improved Manage Project Invoices User Experience for Project Managers 
Project Managers can review the additional invoice and payment statuses for a project contract invoice using the Manage Project Invoices page. Moreover, they can drill down to the Invoice Details page for a project contract invoice from the Manage Project Invoices page to view the invoice lines and distributions along with contract limits and financial summary. Project Managers can also view the invoice level exceptions on the Manage Project Invoices page reported as part of release, transfer, and tieback processes with Receivables. Overall, the additional information and quick access to details gives project managers the data they need to manage their project contract billing in a single place.
Optional Exclusion of Grouping Attributes from Invoice Line Description 
Project Application Administrators or Billing Specialists can optionally configure the labor, nonlabor, and event invoice formats to exclude an invoice line grouping attribute from being added to the invoice line description. With this configurable option available in invoice formats, users can avoid repeating data like quantity, unit price, or item in the invoice line description when they are reported separately on the invoice line.
Grant Management
Additional Financial Measures in Manage Awards
Display additional financial measures for multiple time dimensions, such as entire award duration and inception to date instead of just period to date amounts, on the Manage Awards page. If the amounts displayed separately, then grants administrators and principal investigators can precisely differentiate between unbudgeted and unallocated amounts for an award.
Funding Pattern Data in OTBI
View and report on funding patterns using Oracle Transactional Business Intelligence, or OTBI. Enhancing the capabilities of distributing project costs to sponsored project award and funding source combinations using funding patterns, a new subject area enables analysis. This data allows for detail and summary or trend analysis as well as analytics that can be used to prevent issues. For example, reporting on projects ending in the next 30, 60, or 90 days that have funding patterns associated will prevent cost distribution errors.
Planning, Scheduling, and Forecasting
Financial Plan Rate Refresh Excludes Disabled Resources 
Refresh rates action and scheduled process skips resources that have been disabled on the resource break down structure. Project managers and project administrators can perform version level refresh without having to identify the disabled resources and exclude the same during the refresh rates process. Currently, they need to perform a line-by-line refresh for plan lines with active refresh to avoid the accidental refresh for disabled resources.
Project Organization List of Values Using a REST API
View a list of organizations classified for projects using a REST API. The list, unrestricted by business unit or hierarchy, includes organizations with project task owning, project expenditure, and department classifications.
Public Event Generation for Change Order and Issue Status Changes and Work Plan Baseline Creation
Generate public events on change order status changes and issue status changes. For example, when a project change order moves to approved status, use this business event to initiate change order implementation activities using Oracle Integration Cloud Service. Similarly, when a project issue moves to completed status, use this business event to initiate issue closure activities. In addition, generate public events on work plan baseline creation as well. For example, when a work plan baseline is created, you can use the event and Oracle Integration Cloud to send the baseline details to stakeholders.
Public Events for Financial Plan Creation and Status Changes 
Track financial project plans, project budgets, award budgets and project forecasts creation using the public events. Also, track the changes to the statuses. Use this event to help project stakeholders track the financial plan creation and approvals.
Additional Financial Measures for My Projects 
View additional financial performance metrics in multiple time dimensions on the My Projects page, such as period-to-date budget, cost, commitment, and margin. The project manager is empowered to make key decisions and assess their project's health using one single page.
Resource Management
Maximize Utilization with Additional Resource Information 
Resource details indicate whether a resource is an employee or contingent worker. Resource managers maximize employee utilization when evaluating candidates for project resource requests by ensuring qualified and available employees are selected for requests before contingent workers. Review assignments ending up to 4 weeks in the future allows enough time to find suitable assignments as resources become available. Reviewing assignments ending soon for resources across all staffing owners in one view increases the efficiency for assignment maintenance by the resource management team.
Visual Resource Planning and Scheduling Enhancements
View and edit more details about a resource assignment. These additional capabilities along with enhanced error handling improves the resource manager's experience and efficiency in managing resource schedules.
Cost Management and Control
Project Role Capture on Time Cards 
Project team members can specify the role that they performed while capturing time cards. The project role can then be used to derive appropriate bill rates and compare to a project plan for more accurate project role-based billing and reporting.