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Oracle Modern Best Practice for Banking—Project Management

Streamline Project Cost Management
Streamline Project Cost Management

Corporate Project Expenditure to Cost Control

Using mobile, social, analytics, and the cloud, you can standardize budgetary controls. Capture and account for project costs and commitments from across applications and third-party integrations. Automate and streamline the gathering and the allocation of costs. Timely visibility and modern cost collection processes help ensure project success.


Capture Project Costs
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Capture Project Costs

Standardize and automate cost collection for all project-related expenditures using transaction and budgetary controls.


Process Project Cost Transactions
Analytics. icon Analytics.

Process Project Cost Transactions

Streamline the import and validation of project costs from multiple sources. Perform borrowed and lent processing for cross-charges.


Distribute Overhead Costs
Analytics. Social. icon Analytics. Social.

Distribute Overhead Costs

Apply the buildup of indirect costs to expenditure items to report and account for the total cost of a project.


Determine Project Issues
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Review and Adjust Project Costs

Initiate disputes on behalf of insured for review and approval within and across departments. Receive payments at the delinquency or case level.


Record Accounting for Project Costs
Analytics. icon Analytics.

Record Accounting for Project Costs

Generate and post accounting entries for direct costs, indirect costs, borrowed or lent costs, adjustments, allocations, and accruals.


Record Capital Asset Costs (Optional)
Analytics. Social. icon Analytics. Social.

Record Capital Asset Costs (Optional)

Record capital and retirement costs such as construction-in-progress, cost of removal, and proceeds of sale against assets. Calculate simple or compound capital interest.


Allocate Project Costs (Optional)
Analytics. icon Analytics.

Allocate Project Costs (Optional)

Allocate overhead costs such as salaries, administrative overhead, and equipment charges to projects that benefited from these costs.


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