Professional Services Project Management
Project Partners Tailors Enterprise Applications to Fit Professional Services Firms Without Customization
Project Partners tailors and extends our customers' systems to a perfect fit, avoiding software customization whenever possible. For our Oracle E-Business Suite Applications customers we expertly leverage the Client Extensions technology: supported, pre-defined user exit points. The result is perfect-fit software with code that is preserved upon upgrade. This is a clear advantage over customizations that can break every time a patch is installed.
Take a look at some of the Professional Services extensions below to get an idea of what we can do for you.
Billing Extension for Fixed Fee Plus Reimbursables – In this billing method, labor is billed using Events (Fixed Fee) and Non Labor is billed as incurred. In order to accomplish this without the use of an extension one would have to use a WORK/EVENT distribution rule and enter all billing as an event. However, the client wanted to take advantage of WORK based billing for non labor. To accomplish this, a Billing Extension (Pre-Processing) was defined to put all labor items on bill hold prior to the generation of draft invoices. The project could then be set to WORK/WORK distribution rule so that non-labor items were billed using WORK based billing. The other important use of this extension is to support projects with a combination of Fixed Price and Time & Materials arrangements. The project can be setup with the WORK/WORK distribution rule. This extension can then simply be assigned to those tasks that one wishes to bill using events.
Labor Costing using Actual Labor Rates – This extension was developed to meet a requirement to calculate actual labor cost by employee using salary information from Oracle Human Resources. During Labor Distribution the costing extension retrieves the actual base salary information for the employee and determines the base labor rate per hour as (Weekly Salary / Total Hours). This enabled our client to better meet DCAA requirements for their government contracts. Without this extension the client would need to maintain actual labor rates by employee in Oracle Projects labor rate detail screens. In addition, the extension is able to calculate the actual labor rate per hour even as total hours per week change for exempt personnel.
Labor Costing using Average Actual Labor Rate per Job – The previous extension is also used to calculate the average labor rate per hour by Job. For example, the salary information for all Senior Engineers is retrieved and averaged to compute an average actual labor rate.
Work In Process – By default all costs are expensed, however, this extension calculates WIP and creates the appropriate accounting entry using events to relieve or add to WIP. This extension, like Oracle's Cost Accrual extension, makes use of the Billing Extension's ability to create automatic events.
Billing Retention – This extension is used to check the project status to determine eligibility for billing retention withheld. Once the project status of the project was changed to "Retention Billable" this extension recognized the eligibility of the project to bill previously withheld retention.
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