- oracle · jd edwards enterpriseone advanced contract billing . overview the advanced contract...
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JD Edwards EnterpriseOne
Advanced Contract Billing
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Overview
The Advanced Contract Billing module allows
project-based organizations to setup and manage
increasingly complex and sophisticated contracts.
Companies need to be able to track, store, report,
and invoice in a wide variety of ways to
accommodate a wide variety of contract terms
demanded by their customers. This module
provides functionality for organizations to manage
both commercial and US government contracts.
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Advanced Contract Billing Uses
Sophisticated Contract Billing
Engineering & Construction
US Government Contractors
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Feature/Function Highlights
• Account for the costs related to projects • Hierarchical contract structures • Mark up costs for profit • Robust fee calculations • Catch up billing for retroactive fee rate changes • Robust functionality to specify terms and conditions of a contract • Bill customers according to the terms of the contract • Configurable printed invoices to detail billing charges • Option to bill labor based on external job titles • Option to track funding of contracts by funding source • Create accounting entries for the billed amounts • Option to recognize revenue
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Solution Integration
• Project Costing • General Ledger • Accounts Payable • Accounts Receivable • Burdening (for government contracting) • Capital Asset Management • Service and Warranty Management • U.S. Payroll • Time and Labor • Equipment Billing
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Hierarchical Contract Structure
Tighter Financial Control • Contract terms directly
control billing and revenue
recognition
• Robust contract attributes
Increase Contract Control and Audit-ability
• Built-in contract controls
based on contract hierarchy
• Historical contract terms
stored for audits and
reference
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Hierarchical Contract Structure
Financial Information:
• Billed amounts
• Unbilled amounts
• Revenue earned
• Revenue recognized
• Amount received from
customer
• Info available at all contract
levels
• Ability to drill down to
individual transactions
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Contract Structure
Contract
Invoicing Invoicing
Funding Funding Funding
Job Job Job Job Job Job
Hierarchical structure
Information flows down from higher levels
Restrict selected jobs to be charged
Flexibility to do multiple invoicing per contract
Manage contract awarded amounts
Manage contract funded amounts
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Configurable Invoice
Formats
US Government Contracts
Provide More Timely Billing
• Configure invoices per
customer’s requirements
• Quickly make invoice format
changes
• Minimize need to rely on IT
Commercial Contracts
• Standard forms 1034 and
1035
• Flexible invoicing choices
for burdening
• ACRN built into invoice
process
• Easily configure invoices for
different types of contracts
including Time & Material,
Milestone, Progress, and
others
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Increase visibility throughout enterprise
Project and Program Managers
Project Status Contract Status
• Budget vs actuals
• Earned value and
estimate to complete
• Commitments
• Work orders
• Time/Labor
management
• Billable vs billed
• Billed vs received
• Earned vs revenue
recognized
• Retention, taxes,
excess, etc
• Change control
Real-time access
to any level
within a project
and contract
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EnterpriseOne Project Management at a Glance
Contract and
Service
Billing
Financial
Management
Time and
Labor Payroll
Common EnterpriseOne Foundation
Project Management
Project
Costing
Advanced
Contract
Billing
Accounts
Payable
Burdening Engineer to
Order
Work Order
Management
Supply
Chain
Management
Expense
Management
Service
Management
Real Estate
Management Equipment
Billing
Change Management
Condition-
Based
Maintenance
Equipment
Cost
Analysis
Supplier Self
Service
Primavera P6 AutoVue UCM / IPM
Primavera
Contract
Management
CRM
√ Consolidated and Integrated Project
and Contract Management
√ Real-time access across the enterprise
√ Streamlined processes for lower TCO
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