Project Partners Blog


Archive for the ‘Fusion’ Category

A FRESH APPROACH TO ORACLE CAPITAL PROJECTS AND FIXED ASSETS

In this webinar, we’ll discuss how to move beyond to drive efficiencies and reporting accuracies with a fresh approach to Oracle Capital Projects, fixed assets, and showcase how Project Partners successfully delivered this solution for a customer that is using a third party fixed assets system to manage their capital projects.

We Invite You To Join Us And Learn More About This Powerful Solution:  

• The Capital Projects functionality delivered in Oracle Project Costing has enabled many of our customers to take advantage of the native integration to Oracle Fixed Assets

• However, there are industries that require a greater level of detail, control for estimating and allocating asset costs

• To address this, our team developed a solution that supports the need for greater level of detail, control of asset costs and allocations – which we will review and showcase for you

REGISTRATION OPEN NOW

Register today, and feel free to review our resource library and services overview at www.projectp.com.  HAVE QUESTIONS?  Need more information about this Webinar or other services  – We’re here to help!

Schedule a Consultation:
Phone: #1.650.712.6203   Email: cfryc@projectp.com

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Project Partners, Oracle Platinum Partner, and global leader in optimizing business processes and IT investments within project-driven organizations.

 

Are you part of a non-traditional Professional Services Organization and feeling the staffing data-burden?

Then you are probably experiencing the common demand around deploying groups of staffing managers to manage these applications, yet with limited budgets and the same needs to manage resource supply and demand in order for your organization to stay effective and profitable.

We Invite You To Join Us In This Insightful Session Where You Will Learn:

  • A simpler alternative for Resource Planning
  • How to utilize Project Financial Forecasting to address Resource Planning
  • Ultimately “Two For One – Getting It Done!” – Forecasting

REGISTER TODAY – RESERVE YOUR PLACE

QUESTIONS? Need more information about this Webinar or our Services – We’re here to help!

Schedule a Consultation:
Phone: #1.650.712.6203   Email: cfryc@projectp.com

We look forward to sharing our expertise and knowledge with you for a simpler alternative for Resource Planning.  Register today, or feel free to review our resource library and services overview at www.projectp.com.

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Project Partners, Oracle Platinum Partner, and global leader in optimizing business processes and IT investments within project-driven organizations.

 

 

Providing Our Customers With Better Project Delivery Through Full-Service…

PROJECT APPLICATION | PROCESS ASSESSMENTS

Whether helping you uncover hidden project challenges stemming from your current functional and operational applications/processes to understanding the why and how to migrate to the cloud, our PROJECT APPLICATION/PROCESS ASSESSMENT services give you the rigorous framework you need to achieve success quickly.

We Will Partner With You to Assess Your Project Applications and Background Processes Inside and Out. 

Projects is the link that can penetrate your entire organization and requires careful analysis to maximize efficient operations.  If you are experiencing what appears to be a pain in your organization’s business process and applications, then now is the time to take another look and assess with the experts.

SPECIAL ASSESSMENT OFFER

With Your SIMPLE next steps to obtain Project Partners holistic approach to a full assessment and associated discount offer.

PROJECT PARTNERS PROUDLY ACHIEVES PLATINUM PARTNER STATUS IN
ORACLE PARTNERNETWORK (OPN)

HALF MOON BAY, Calif., January 16, 2019 – Project Partners, a global leader in optimizing business processes and IT investments within project-driven organizations, today announced that it has achieved Platinum partner status in Oracle PartnerNetwork (OPN).  By attaining Platinum level membership, Oracle has recognized Project Partners for its in-depth expertise and continued excellence in providing services for Oracle applications and technology.

“We are honored to be in the highest level of the OPN Program. With our new designation as a Platinum Partner in the Oracle PartnerNetwork (OPN), Project Partners will continue to strengthen and build upon its 20+ year relationship with Oracle,” said Randy Egger, President/CEO, Project Partners.  Our global team has continually demonstrated deep application expertise and are working to obtain additional certified specializations across Oracle application solutions areas to better serve our project-centric customers.”

The company offers deep industry expertise across key Oracle applications and technologies including the Oracle ERP Cloud, Oracle E-Business Suite, and Oracle Primavera applications.  In addition, we have developed products and solutions to support and augment our customers’ off-the-shelf products.  We are proud to be widely recognized as The Experts in Solutions for Project-Driven Organizations™ and look forward to continuing collaboration, sharing industry experiences and leveraging our Platinum Partner status to enable organizations, partners and Oracle.

With its Platinum status, Project Partners will benefit with the high level of engagement, commitment and resources available to OPN partners.  Platinum members receive dedicated virtual account management support to build joint development plans and help broaden specialization areas and revenue opportunities. Additional benefits include priority placement in the OPN Solutions Catalog, one free application integration validated by Oracle, joint marketing and sales opportunities, discounted training and more. For more information about the benefits of becoming an OPN Platinum level partner, please visit: http://www.oracle.com/us/partnerships/index.htm

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About Project Partners, LLC.

Headquartered in Half Moon Bay, California | Project Partners is the global leader in optimizing business processes and IT investments within project-driven organizations. We are dedicated to helping businesses achieve their goals with smart, effective and scalable Oracle Application solutions that improve processes and deploy technology to maximize project life cycle ROI. Our business process experts understand and support customers with their evolving business models and help them drive productivity to meet the demands of the market and their organization.

Project Partners has a diverse team who is expert in leveraging Oracle’s ERP Cloud, E-Business Suite and Primavera solutions. We have global locations worldwide to support multi-geographical operations and have executed implementations for hundreds of clients who manage tens of thousands of projects, thousands of users, multiple languages and currencies. In addition, we have developed products and solutions to support and augment our customers’ off-the-shelf products.  Project Partners is proud to be widely recognized as The Experts in Solutions for Project-Driven Organizations™.

Project Partners is a proud Oracle Platinum Partner, Oracle Certified Education provider and authorized Reseller of Primavera and Oracle Cloud PPM, and Cloud Financials.  We hold an Oracle Cloud Standard certification, with specializations in Oracle® E-Business Suite™ with Projects, Primavera and Oracle Validated Integration’s in EBS.

For more information, visit: http://www.projectp.com/

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About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialized knowledge of Oracle’s products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognized and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud.

To find out more visit: http://www.oracle.com/partners

 

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Our prebuilt, configurable Microsoft® Excel workbook to submit, control and monitor all
scheduled processes and reports for Oracle ERP Cloud.

Helping hundreds of customers just like “Franny” to efficiently manage scheduled processes and reports in Oracle Cloud. The Cloud Process Scheduler is a unique process and report scheduler workbook available to the enterprise from Operations and Finance to HR and Sales, empowering these teams and enabling any user to:

  • Define scheduled processes and reports that need to be run periodically
  • Setup fixed and variable parameters for each process and update variable parameter dates quickly.
  • No need to remember parameters or the order in which processes need to run thereafter, it does it automatically
  • Setup process dependencies to enable efficient workflows.
  • Do not need to wait for system response time navigating the Oracle Cloud screens / fields.
  • Easier data entry when processing multiple Operating Units.
  • Start the entire set of processes with 1-click. Reducing the number of keystroke by 100%.
  • Organize work into a group of activities and then process it as a unit.
  • Monitor the status of each process in the set as it completes, while you are easily completing other work.

To learn more about the FEATURES & BENEFITS and get a glimpse into how the Cloud Process Scheduler really works, take a few minutes and view a brief Cloud Project Financials DEMO HERE. We believe that this product will significantly change how you manage your processes and reports in the Cloud and enable you to increase your user productivity.

HOW DOES MY ORGANIZATION GET STARTED?

CLICK HERE NOW FOR OUR SPECIAL THIRTY (30) DAY FREE TRIAL.

Questions?
Simply reach out to us and our experts will immediately assist, provide additional information, demo and next steps.
MORE ON CLOUD PROCESS SCHEDULER

P: #1.650.712.6203 Email: cfryc@projectp.com

Costing Standard Rates vs Actual Rates in Oracle Fusion™

Oracle Fusion Projects Portfolio Management (PPM) will cost labor transactions at a standard rate setup in the rate schedules. The rate could be at the person, job, or resource class level.

Oracle Fusion Payroll will cost labor transactions at an actual rate setup for the employee.

Assumptions that detail the example:

  • Actual salary $100 / pay period + $30 for Benefits
  • Employee charges 50/50 of time to direct/indirect
  • Standard Costing rate 120 & 30% for benefits applied as burden

The Payroll Transactions (Actual Costs)

The payroll transaction will be processed directly into the GL and will not pass through PPM.  There is no way to easily split the transactions across natural accounts for Direct & Indirect charges.  It will only transfer the salary and benefits transactions into separate natural accounts and look like the following:

The Project Portfolio Management Transactions (Standard Rate Costs)

The PPM transactions will also process directly into the GL and will not pass into Payroll.  PPM will split the transactions into Direct & Indirect costs.  If burden schedules are setup correctly, they will also separate the benefits & other overhead costs.

Balance Review When Closing the Period

Based on the above transactions, there are a few balances that need to be reviewed and reconciled at the end of the period.

An entry is needed at the end of the period to adjust the payroll variance and report accurately.  The labor variance measures the difference between the actual and expected cost of labor.

Financial Reporting

Finally, the financial report balances should include the variance account.  The table below shows the balances and will net to the $130 dollars from Payroll in our example:

If the rates are maintained accurately and regularly, the variances should remain small.

If the Labor Variance is favorable, the company paid less than its standard cost for the direct labor it used.

If the Labor Variance is unfavorable, the company paid more than its standard cost for the direct labor it used.

If there is a significant difference in either case, the standard labor rates or the burden rates need to be reviewed and updated.

The Labor Variance accounts along with the indirect labor cost accounts roll up to a summary indirect cost account, which is reported below the line in the P&L to derive net margins.

 

Questions? Contact us!

Project Partners has the experience to help you achieve the full potential of your Oracle Fusion Applications.

Visit our resource library for more Oracle insights

Increase Cash Flow With Efficient and Accurate Project Billing Using Oracle Project Portfolio Management Cloud

Project billing can be cumbersome for your Finance organization. It can often be very manually intensive, resulting in inefficient project billing practices.

Oracle’s ERP Project Portfolio Management (PPM) Cloud provides simplified, modern tools for comprehensive project financial management. Oracle PPM Cloud allows Finance Teams to monitor time and expense entry and invoice automation using a single dashboard. Oracle PPM Cloud empowers Project Teams to quickly create, adjust, finalize, and submit invoices for approval. Project Managers can easily review invoice accuracy before approving.

Oracle PPM Cloud ensures rapid and accurate project billing and revenue management by allowing project teams to

  • capture all applicable time and expense data for invoicing
  • monitor all processed time and expense in one dashboard
  • ensure clients receive the correct invoices on time
  • implement efficient billing practices with invoice automation

Oracle Project Portfolio Management Cloud can help your organization increase profits, improve cash flow, and achieve greater client satisfaction. Watch the video to learn more:

 Improving Project Billing and Cash Flow in Oracle ERP Cloud

 

Project Partners Oracle ERP Cloud Video Series – highlighting how Oracle ERP Cloud and Project Partners’ Services Resource Planning™ provides your business with the visibility, controls, and tools to attain greater operational and financial performance.

Simple and Accurate Expense Entry in Oracle ERP Cloud
Simple and Accurate Time Entry in Oracle ERP Cloud

Contact Us

Project Partners Achieves Oracle PartnerNetwork Cloud Standard Partner Designation

Oracle Cloud Standard Partner

The Oracle PartnerNetwork (OPN) Cloud Program has recognized Project Partners for exemplifying expertise, skills, and investment in Oracle Cloud solutions.  As a member of the OPN Cloud Program, our Team has strengthened our innovative portfolio of solutions on the Oracle ERP Cloud, HCM Cloud, and EPM Cloud.

Project Partners commits each day to optimizing business processes and IT investments for global customers using Oracle E-Business Suite and Primavera (P6, Unifier, and Instantis EnterpriseTrack).  Now with our new Cloud Standard Designation, our Team delivers completely integrated ERP Cloud solutions on Oracle’s world-class Cloud platform.

Let our Team help Your Team with your Cloud transformation strategy, planning, and implementation optimization today.  Contact Chris Stone (cstone@projectp.com) now and drive your Oracle investment to greater business value with Project Partners today!


Learn more

Oracle Cloud Resources – white papers, datasheets, webinars, and videos

Accelerated Path to the Oracle Cloud 

Oracle ERP Cloud Video Series

Managing Project Budgets Using Oracle Project Financials Cloud

Do you get frustrated with not having a central view to the revenue and margin of sold projects?
Do you find your Project Managers and financial reporting teams manually tracking budgets with spreadsheets?

Oracle Cloud Project Financials empowers Project Managers, Finance, and Management with visibility and controls to easily manage contract profitability and project budgeting.

Managing Project Budgets in Oracle Financials provides insight to:

  • Portfolio planned profitability
  • Sold bill rates and margin by project role
  • Planned resources
  • Actual and forecast revenue, cost, and margin performance

Watch our video to learn more:

As an integral component for any professional services organization, we will walk through the basic structure of Project Budgeting and how it can be easily used to baseline the financial revenues, cost, and margin associated with a client project. As part of Project Financial Management, it serves as the benchmark for Key Performance Indicators such as project margin percentage, financial overruns, and non-billable cost percentage.

Project Partners’ Oracle ERP Cloud Video Series – highlighting how Oracle Cloud and Project Partners’ Services Resource Planning (SRP) solution provides your business with the visibility, controls, and tools to attain greater operational and financial performance.

Learn More: Oracle Cloud Solutions

Contact Us

Project Time Entry and Reporting Using Oracle Project Portfolio Management Cloud

Do your consultants struggle to know which project, task, and type of time to enter?

Do your Project Managers often state their data is inaccurate and not reliable?

Do your Project Managers, Finance, and Billing teams expend wasted overhead administration adjusting data errors?

This video shows you how these issues can be mitigated.

  1. Simplifies and minimizes guesswork for time entry users
  2. Avoids wasted cycles and reduce overhead to adjust mis-classed time and expense
  3. Ensures reliable project KPI’s – project margin, overruns, non-billable costs

Empowering all key roles within your organization to utilize basic time controls and approvals within projects.

Project Partners’ Oracle ERP Cloud Video Series – highlighting how Oracle ERP Cloud and Project Partners’ Services Resource Planning™ provides your business with the visibility, controls, and tools to attain greater operational and financial performance.

Learn More: Oracle Cloud Solutions

Contact Us