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QUESTION & ANSWER

Project Contract Cost Revenue System Planning

The main line of contract and project should be the harmonization of the relationship between the client, contract, project, milestone, cost target, invoice and refund. The scope of operations system management, delivery and settlement processes, and the financial system should maintain formal accounting and supporting documentation.

Answer the question.

First, give conclusions that can be used for decision-making

OA is responsible for approving, project platform for business processes, financial systems for vouchers and accounts, interface for synchronization, abnormal retesting and reconciliation.

DECISION FACTORS

What conditions need to be identified before judgement is made?

The same question may have different answers under different business, data and project phases. It is suggested that the following conditions be checked and that the common findings on the web be incorporated into their own projects.

The contracts and the projects are one-on-one or more.Income is settled by milestone, person-days, subscriptions or worksHow working hours, procurement, costs and outsourcing costs are aggregatedWhich system is ultimately responsible for invoices, receipts and financial supporting
ACTION STEPS

Suggested order of advance

01

First, we'll be clear about the target and the border.

Three typical contracts were selected and the historical process of reconciling completed projects was completed.

02

Validation Key Dependence

Defines the model of contract, project, cost, receivable and invoice data.

03

Development of assessable outcomes

A settlement model and financial interface are achieved first.

04

Make sure you decide the next step with the real results.

Complex rules are extended after two consecutive settlement cycles.

PRACTICAL EXAMPLE

How do you understand it in the actual business?

Example used to illustrate the method of judgement

The software project is settled on three milestones, with actual costs for hours of work and cloud resources. The project platform generates billing applications after acceptance, the financial system completes invoices and vouchers, and the collection results are rewritten.

COMMON RISKS

The easiest pit to step on.

There is no clear relationship between the contract amount, project budget and finance receivable

Write down professional rules such as income recognition on business pages

Only smooth processes, no changes, refunds and bad accounts scenes

ACCEPTANCE

How should we end up receiving and confirming?

Select normal, extended, modified and partial refund items, reconcile contract scope, actual budget, milestones, billing, receivables, refunds and vouchers, and validate duplicate and failed interfaces.

When preparing to communicate with suppliers or internal teams, it is recommended that current processes, representative samples, existing systems, planning time and budget levels be brought. First, the unknown items are clearly marked, and then the decision is made to use diagnostics, PoC, fixed-range projects or ongoing research and development, which is usually more reliable than a direct demand for a price and duration without borders.

Your project conditions are different from the examples above?

Operational objectives, existing systems, sample and planned time could be collated before consultants could make preliminary judgements in relation to actual boundaries.

Associate project consultants