Project Billing Implementation to perform Custom Invoicing and Revenue Calculations

Our client is a provider of highly integrated semiconductor processors that enable networking, communications, storage, video and security applications. The company offers a broad portfolio of integrated, software compatible processors ranging in performance from 1Gbps to 100Gbps that enable secure, intelligent functionality in Enterprise, Data-Center, Broadband/Consumer and Access.

Client’s Requirements

  • Professional Services (PS) revenue tracking & invoicing
  • PS Order/project tracking through Sales Order
  • Revenue based on Daily Rev Rec, Milestone, Percentage of Completion
  • Application of Revenue carves from/to other Sales order lines
  • Unbilled & Deferred reporting

Key Challenges

  • Process streamlining with the standalone systems of an acquired organization and the clients existing Oracle EBS system
  • Revenue & Billing calculation for PS, Licensing, Support Contracts
  • Revenue Carving as per US GAAP
  • Closing of Sales Orders on completion of the project
  • Reporting consolidations

Jade Global’s Solution – Project Billing Implementation

  • Oracle Project Billing to perform custom invoicing and revenue calculations
  • Integration bridge between Oracle OM with Projects which supports updates & cancellations of SO lines
  • All financials happen through projects, SO Lines on hold for PS lines & SO lines close once project is closed
  • Project Budgets to track the Estimates vs. Actuals

Business Benefits

  • Complete financials in Oracle EBS
  • Adherence to the US SOP 97-2 for software revenue recognition
  • Automation of the complete process for error free processing
  • Real time Revenue reporting for Actuals & Forecasts