Project Management

Get Involved. Join the Conversation.

Topic

    Satya Sundararajan
    Automatic Invoice/Revenue Generation
    Topic posted July 23, 2019 by Satya Sundararajan, tagged Capital Projects, Grants Management, Other, Project Billing & Revenue, Project Contracts, Project Costing, Project Management, Project Management Mobile, Project Performance Reporting, Project Planning & Scheduling, Project Planning, Budgeting, & Forecasting, Project Resource Management, Public Sector, Security, Task Management, Tip, Upgrade, UX 
    52 Views, 4 Comments
    Title:
    Automatic Invoice/Revenue Generation
    Summary:
    Automatic Monthly Invoicing - fixed dollar
    Content:

    Hi, we have a requirement where the customer wants to generate fixed dollar invoice each month. The project duration could be 5 years and it will be a difficult step to create manual event each period across projects. is there a better way to handle this situation based on an amount based bill plan?

     

    Version:
    19C

    Comment

     

    • Perry Unrau

      Hi Satya,

      Please check out my response to a very similar posting yesterday with the title Automatic Revenue recognition over a period of time.

      Perry

       

    • Satya Sundararajan

      Thanks Perry. Yes it helps. However just asking-- why would the amount based bill plan not generate a billing event automatically? is this also in the road map?

       

      regards

      Satya

    • Perry Unrau

      The amount based bill plan does not contain the attributes, like duration, frequency, and periodic amount, to automatically generate a billing event.  While we initially had thought about adding all these attributes onto the plan and creating a new billing extension, now we are planning to use project process configurators.  We can't say yet what new attributes will need to be added onto the plan to drive this functionality.

      Perry