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Integrating Oracle SCM with Oracle Projects from Revenue/Invoice Standpoint

edited Oct 23, 2020 12:21AM in Project Management 3 comments

Summary

Integrating Oracle SCM with Oracle Projects from Revenue/Invoice Standpoint

Content

Hi,

We have some software products that we maintain in Oracle Projects and invoice them through contracts and transfer to AR. We also have some hardware products that we invoice via sales order transaction via Order Management and interface it to AR. We are looking for a unified solution to integrate both these processes from a single source either all within SCM or all within Projects from a Revenue/Invoicing standpoint.

Oracle projects provides multi-period revenue recognition which works well with our software contracts but we have a similar need for our SCM hardware products as well but couldn't find a similar offering via SCM for multi-period revenue recognition. Even if we go the route of creating a contract for our hardware products how do we track to create a contract transaction as soon as the item is shipped? Is there a way to achieve this all from a single system? Please advice.

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