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Experts in Oracle solutions implement Oracle Projects & Project Manufacturing, provides customizations for shipping, security, & comprehensive income.
Challenge:
This defense & security technology provider, a partner of choice worldwide to those who operate in complex, high-stakes, and largely regulated environments, was facing a few challenges:
- Operations was managed in BAAN, which was obsolete and no longer provided support. Manufacturing planning, cost collection, revenue recognition, milestone billing, etc. were all handled asynchronously.
- Revenue recognition pain points was based on percentage of completion (POC).
- They also used foreign hedge accounting and funding methods.
- Integration with Hyperion Products for Planning and Actuals at project level.
- They had complex requirements for custom shipping execution processes.
Solution:
Project Partners was selected to aid this defense & security technology provider in identifying a solution that would address their core requirements for project centric planning, execution, and completion. The combination of Oracle Projects Suite in R 12.1.3 and Oracle Project Manufacturing with solution customizations were selected to be implemented.
Project Partners provided the following customizations to meet This high technology provider’s business requirements:
- Operations was managed in BAAN, which was obsolete and no longer provided support. Manufacturing planning, cost collection, revenue recognition, milestone billing, etc. were all handled asynchronously.
- Custom security for the PJT Collaborative update.
- Custom solution for shipping execution.
- Custom solution for Hedge Accounting for revenue and Other Comprehensive Income (OCI).
- Integration of Projects Sub ledger with Hyperion Planning and Consolidation.
- A custom process to back out of summary for inter project transfer and inserting detailed lines.
- Role based security for collaborative progress and workplan updates were designed through. VPD and CRM roles.
- A custom solution was implemented to integrate Cost and Planning forecast from PJM for material and labor with PJT.
Outcome:
- A true project-centric model can be utilized across the organization
- Project Manufacturing is now used to accumulate costs at the WBS level
- Enabled cost transfer detail visibility from PJM
