Oracle Project Billing
Oracle Project Billing provides you with the ability to define revenue and invoicing rules for your projects; generate revenue; create invoices; and integrate with other Oracle Applications to process revenue and invoices. Oracle Project Billing includes all of the functionality of Oracle Project Costing and additionally integrates with Oracle Receivables.
In addition to the functionality that Oracle Project Costing provides, you can perform the following functions:
- Enter project customers and contacts with whom you have negotiated and contracted project work
- Enter agreements (contracts) from your customers and fund projects with those agreements
- Generate revenue using various methods including time and materials, percent complete, and cost plus
- Create draft invoices from detail transactions and milestones for online approval by your project or accounting managers
- Interface revenue to Oracle General Ledger and invoices to Oracle Receivables while maintaining a detail audit trail
- Report project revenue, invoice, and receivables status online and in reports
