In order for companies to remain competitive in the market place, more companies are joining together in joint partnerships. A Joint Venture is a partnership between multiple entities that share in the cost and revenue associated with the joint venture.
New enhancements for Joint Venture Management are now available to calculate overhead charges and billing for joint ventures: 1) Overhead Charges enable the joint venture to calculate and distribute indirect costs to the joint venture partners, 2) Joint Venture Invoicing provides the capability to invoice the joint venture partners for the costs that are incurred in the joint venture. More information about these two new enhancements can be found in KM document "E1: 09J: – Overhead Calculation and Invoicing Joint Venture Management EnterpriseOne 9.2" (Doc ID 2430912.1). http://ora.cl/G5Rd3