Implement Projects and Project Billing
Oracle Projects acts as the bridge between Operations and Finance. Oracle Projects acts as a central repository of project transactions, processes project costs and creates corresponding accounting entries for the Finance Department. For contract projects Oracle Project Billing simplifying client invoicing, improving cash flow and allowing for project profitability to be measured.
Oracle Project Billing allows you to simplify client invoicing, improve cash flow, and measure the profitability of contract projects with support for planning, execution, and analysis. It utilizes information from the work breakdown structure and provides flexible revenue accrual and invoice generation features, enabling you to track unbilled receivables and bill customers for individual projects, as well as internal charge-backs.
• Drive Enterprise Profitability - Streamline invoicing to speed up the payment cycle and track project profitability.
• Improve Cash Flow - Invoice accurately and in a timely manner by having all project information in one centralized location.
• Identify Profitability by Project and Customer - Identify profitability by project and customer to maximize business opportunities.
Implement Project Resource Billing
Oracle Project Resource Management helps you manage the capacity and deployment of people and assets for project work by finding and deploying the most qualified resources to your global projects. Oracle Project Resource Management centralizes information to empower project, resource, and staffing managers to better utilize their single most critical resource: people. The net result is improved customer and employee satisfaction, increased utilization, and higher project and enterprise profitability.
• Manage Resource Demand and Supply - Share resource calendars and schedules to assure availability.
• Efficiently Leverage Human and Intellectual Capital - Maintain a central skills repository.
• Make the Best Use of Resources - Utilize concise definitions of requirements with mandatory and optional skills.
• Streamline Global Operations - Support local work patterns, discontinuous assignments, and local holidays.
