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Project Contracts Integration with RMCS for Billing and Revenue — Cloud Customer Connect
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Project Contracts Integration with RMCS for Billing and Revenue

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edited Oct 12, 2022 8:29PM in Revenue Management 4 comments

Summary:

We have PPM and RMCS in scope. How does the Project Contract Billing flow work with RMCS in place?

Content (required):

  1. Create Contract-> Contract Line-> Associated to a specific Project.
  2. Create Amount based event
  3. Generate Invoice and send it to Accounts Receivable
  4. Import Project Invoice in to Accounts Receivable -->

Lets put both scenarios: Scenario#1 Project AR invoice should hit 'Deferred Revenue' and Scenario#2 that should hit 'Revenue' and both are for the same Revenue Accounting Contract.

What should interface to RMCS?

  1. Should the Project Contract and Contract line also interface to RMCS to form the Revenue Accounting Contract and performance obligations in RMCS or can it be directly coming from Oracle Sales Order or an External source (Sales Force)?

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