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Oracle Modern Best Practice for Higher Education—Project Management

Minimize Contract Expense
Minimize Contract Expense

Higher Education—Sponsored Project Contract to Revenue

Need a modern solution to comply with demanding customer contract terms, conditions and billing requirements that will allow faster customer billing? Use the following modern best practice that leverages mobile, social and analytics technology enablers as your roadmap for efficient, data-driven financial project management to comply with your customer contracts, while billing customers faster over the contract lifecycle.


Define Project Contract
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Define Sponsored Project Contract

Simplify contract creation with template-driven processes. Ensure billing & revenue recognition compliance while allowing project management autonomy.


Generate Project Invoices
Analytics. icon Analytics.

Generate Sponsored Project Invoices

Automatically generate external and internal invoices for scope of work according to contract terms, based on the costs incurred, milestone/percentage, business rules, etc.


Review and Manage Invoices
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Review and Manage Invoices

Manage invoices, resolve processing exceptions and preview pro forma invoices via a centralized work area. Summarize costs from multiple sponsored projects/ contracts into one invoice.


Release Invoices
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Release Invoices

Transfer invoices to Receivables for processing and collection. Support customer specific currency and accounting representation requirements.


Manage Project Revenue
Analytics. icon Analytics.

Manage Sponsored Project Revenue

Generate external, inter-company, or inter-project revenue and recognize revenue in line with financial regulations (e.g. GAAP). Perform revenue trend analysis based on real time progress (e.g., expenses exceed contract, contract exceeds expenses).


Monitor Contract Lifecycle
Mobile. Analytics. Social. icon Mobile. Analytics. Social.

Monitor Contract Lifecycle

Amend customer contracts with date-effective changes. Reflect new contract terms in applicable transactions.


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