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Noveco ePM new functionality in Release 3.0 support pack 01

Revenue Planning Managing Cost Accruals

Cross Project budget Adjustments (variations)

New Project tree

Enhancements to Plan by Period

Enhancements to Detailed Forecasting

New Functionality in Release 3.0 support pack 01:

Revenue Planning in the Workbench

Project with Revenue plan from Sales Order (with billing plan)

Plan By Period: Plan Revenue

Choose ‘PLAN REVENUE” and distribute Plan Revenue by period

Drill Down to Sales Order from the WB From the Workbench you can go to Sales Order overview

Double click to drill down into sales order details

Sales Order billing plan

The Billing Plan was updated automatically from the Workbench

Configuration

The only required configuration in Noveco is to maintain version 0 in Plan Revenue SAP standard Sales Order billing plan configuration must be completed

Revenue Planning

Managing Cost Accruals Cross Project budget Adjustments (variations)

New Project tree




Managing Cost Accruals

Steps performed at that point: - planned MATERIALS on WBS for 470,000 USD - raised PO for the total amount of 300,000 USD - Posted GR/IR for the amount of 30,000 USD At this point we know that additional services were provided (or materials were delivered) for the amount of 15,000 USD, but our Supplier has not sent us the latest invoice.


Select Costing line with MATERIALs, switch to change mode and click on Detailed Forecasting


In detailed view we can see that we have ordered “Structural Steel” Based on the currently processed invoices, our PO is 10% complete

We can see Actual costs by PO and its remaining (to be invoiced) value If you double click on PO number, you will drill down into PO item view from that screen


You can enter amount (yet to be invoiced) into the “PO Accrued O/Cur” (object currency) Or you can enter “Value of Work Done” as a percentage, system will automatically calculate “PO Accrued O/Cur” value


When finished click “Confirm”


The Accrued Cost amount is copied into the aggregated view from Detailed Forecasting This Value will be saved in PS Info System Note. You don’t have to use “Detailed Forecasting”. You can enter value of accrued costs in “Forecast” tab


From the Workbench you can go to PS Hierarchy reports


This hierarchy report is delivered with Noveco ePM package


Cost Accruals appear in PS report

Now you can report on total value of Accrued Costs for all your projects for a specific Period (in our case it was June 2015) !!! IDEA: If your Finance Dept. needs to see this amount in P&L report for the reported month you can make a journal posting to a special GL account crediting a special “Accrual” Internal Order. This way you leave project costs out of accrual postings and reversals cycle made by the finance.


Accrual Costs will be automatically reduced next time the Invoice for our Purchase Order is posted


We post GR and IR for the amount of 15,000 USD for our PO


When Project forecasts are recalculated (click “Refresh”) the Accrued Cost is reduced automatically In our example they are wiped out to zero by actual costs

Revenue Planning



New Project tree




Cross Project Adjustments

You can now create cross project Adjustment Variations. The system issues a warning message when WBS elements (or Network activities) belong to different projects

Revenue Planning



New Project tree Enhancements to Plan by Period



New Project Tree

The new ALV Tree is set for the Workbench with configurable Layouts

New Project Tree

… and there are more fields to choose from

Revenue Planning



New Project tree




Plan By Period enhancements

Two splitters are now in place to manually modify sizes of the sub-screens by dragging them.

Plan By Period enhancements

To Copy Distribution pattern from Budget to Cost To Complete, you now must select a year (does not matter if you select line with ‘%’ or ‘$’) To copy all years, select all lines

Revenue Planning



New Project tree




Detailed Forecasting

To Perform Detail Forecasting in the WB you must activate it in the Noveco Configuration for your project Planning Profile As default, this indicator is not selected

Detailed Forecasting enhancements

Two splitters are now in place to manually modify sizes of the sub-screens by dragging them.


Now you can plan detailed forecast from different Project WBS or NWA, different cost elements etc. You can now navigate the tree and the Detailed Forecasting tab is updated as you navigate


Dynamic filters are now available to filter out only those line items that you want to work with. For Example, if you want to work with Purchase Orders Only, click “Filter = PO” button


Example, Filter “Filter = PO” is applied


If you want to work with Detailed Forecasting and don’t need Detail Distribution screen click on “Expand Screen” button

The Detailed Forecasting Screen is expanded. Note that splitters are still available, they were set to the bottom of the screen. You can still drag them up. If you want to restore screen to its default structure, click “Restore Screen”

For more information visit Noveco Systems on www.novecosystems.com

novecoepm&& new&functionality&in ... - sap project systems€¦ · we can see...

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