Why are there no subject areas dedicated to Contracts in Project Financial Management?

Question

With Fusion, it is easy to report on projects, whether they are in the early stages of planning or in execution. However, there are no subject areas that allow reporting of the contracts (customer contracts) associated with the projects that are setup. Till a contract is invoiced, all you can report is basic contract information (type, number, cost, dates, status) only. Even after invoicing, one can report only what has been invoiced.

A large project can have a complete rate card and there is no way to report the rate card that has been setup as Project Task Rate Overrides in the Contracts module. Nor is there any way to report the soft or hard limit values that have been setup. This is a serious limitation as there are no subject areas dedicated to Contracts.

Is there a plan to have new subject areas for Contracts in the upcoming release?

ravinat · Answer

Agreed.

Here is a list of important pieces of Contract Info that one cannot report using OTBI:

1. Payment Terms (part of the Bill Plan)

2. Job based Bill Rates (Task Rate Overrides)

3. Job Title Billing Overrides

4. Bill Plans

5. Soft and hard limits on the contract

6. Invoice comments

7. Billing instructions

8. Revenue Plans

9. Job assignment Overrides

Nathan CCC · Answer

Hi Ravinat,

You are mistaken. Your question IS about enterprise contracts. The "customer" contracts that you manage using for example work area Contracts in navigation menu Contract Management from which you associate none or one or many contract lines from one or more contracts to your projects and/or tasks that you manage for example using work area Project Financial Management in navigation menu Projects in application Project Management - these contracts ARE built using module Enterprise Contracts from pillar CX.

Therefore you do have a subject area just for your contracts called Enterprise Contracts - Contracts Real Time.

But like I said I do not think it will have the detail you need regards rates.

ravinat · Answer

To be clear, Enterprise Contracts does report the contracts setup in PFM. However, it does not have information related to the soft, hard limits etc. It also does not help with reporting Task Rate Overrides which have the bill rates by job.