PeopleSoft Contracts Training

PeopleSoft Contracts Training

Introduction:

PeopleSoft Contracts Training Course Description

This PeopleSoft Contracts training teaches the fundamental concepts and features of the PeopleSoft Contracts application. You will learn how to define the rules for creating and maintaining a contract and more.

PeopleSoft Contracts TrainingRelated Courses:

Duration: 5 days

Prerequisites:

Use of control tables to enforce business rules
Understanding of basic navigation and PeopleSoft concepts
Able to run processes and reports

Customize It:

With onsite Training, courses can be scheduled on a date that is convenient for you, and because they can be scheduled at your location, you don’t incur travel costs and students won’t be away from home. Onsite classes can also be tailored to meet your needs. You might shorten a 5-day class into a 3-day class, or combine portions of several related courses into a single course, or have the instructor vary the emphasis of topics depending on your staff’s and site’s requirements.

Audience / Target Group:

Functional Implementer

What You Will Learn:

Prepare and manage contracts for billing.
Prepare and manage contracts for generating revenue.
Manage prepaid and recurring contract lines.
Create, manage and analyze contracts.
Create billing and revenue recognition plans and process associated transactions.
Generate prepaid associated to contract lines and manage renewable services.

Skills Gained:

Populate General and Contracts-Specific Control Tables
Define Contract Related Products
Describe PeopleSoft Contracts
Create and Utilize Contracts Business Units
Structure Contracts Integration with other PeopleSoft Applications
Define and Maintain Billing Plans
Define and Maintain Revenue Recognition Plans
Create a Contract
Generate Invoices and Manage Billing for Amount-based, Recurring, and Rate-based Contract Lines
Perform Prepaid Processing
Process and Manage Revenue
Modify and Manage an Existing Contract
Process Contract Renewals
Utilize the Various Contracts Reporting Options

Course Content:

Preparing to Implement PeopleSoft Contracts

Identifying the Implementation Steps for Contracts
Explaining Contracts Integration Points
Explaining the Contracts Billing Data Flow
Explaining the Contracts Revenue Data Flow
Identifying the Implementation Phase for Setting Up a Contracts Business Unit
Creating a Contracts Business Unit

Setting Up General Control Tables

Establishing Installation Options
Establishing User Preferences
Defining Contract Statuses
Defining Contract Types
Explaining Contract Classifications
Defining a Legal Entity

Setting Up Billing and Revenue Processing Attributes

Identifying the Implementation Phase for Setting Up Billing and Revenue Processing Attributes
Defining Billing Summarization Components
Defining Transaction Identifiers
Explaining Tiered Pricing
Setting Up Milestones
Identifying Project Costing Terminology
Illustrating the Project Costing Rates Process Flow
Defining Rate Sets and Rate Plans

Setting up Contracts and Project Costing Accounting

Identifying the Implementation Phase for Setting Up Contracts and Project Costing Accounting
Illustrating the Contracts Billing and Revenue Process Flows
Explaining and Defining the Account Distribution Code Requirements for Contract Billing and Revenue
Identifying the Unbilled Accounts Receivable Default Hierarchy
Setting Up Distribution Sets and Distribution Rules
Setting Up Journal Template Defaults
Setting Up Accounting for Rate-Based Contract Lines
Identifying the Four Revenue Recognition Methods

Setting Up Products and Related Tables

Identifying the Implementation Phase for Setting Up Products
Defining Products for Contract Usage
Identifying Amount-Based, Rate-Based, and Recurring Product Attributes
Setting Up Products
Setting Up Product Groups
Setting Up Product Pricing
Setting Up Discounts and Surcharges
Setting Up Product Kits

Defining Revenue and Billing Plan Templates

Explaining Contracts Billing and Revenue Plans
Identifying Billing and Revenue Methods
Explaining Billing and Revenue Plan and Event Statuses
Defining Revenue and Billing Plan Templates
Defining Billing Plan Detail Templates
Applying Revenue and Billing Plan Templates to Products

Creating Contracts

Identifying the Implementation Phase for Creating a Contract
Creating a Contract Header and adding Contract Lines to a Contract
Associating Milestones to a Contract
Determining Amount Allocations for a Contract
Applying Projects and Activities to Contract Lines
Applying Limits to Rate-Based Contract Lines
Explaining Contract Line Account Distribution Requirements
Selecting Contract Lines for Sales Order Generation

Preparing Contracts for Billing

Identifying the Implementation Phase for Preparing Contracts for Billing
Identifying Billing Plan Creation Tools
Managing Billing Plan Components
Performing the Contract Activation Process
Managing Contract Milestones
Explaining the Process Flow for Rate-Based Transactions

Managing Contract Billing

Illustrating the Implementation Phase for Generating Invoices
Explaining the Contracts Billing Process Flow
Executing the Contracts/Billing Interface Process
Performing the Billing Interface Process
Managing the Billing Worksheet
Processing Billable Transactions for Your Contract
Evaluating a Contract’s Billing Activity
Evaluate the Limit Processing Results

Managing Prepaid and Recurring Billing

Illustrating the Implementation Phase for Managing Prepaid and Recurring Billing
Illustrating the Prepaid Process Flow
Setting Up a Prepaid Amount for a Contract
Managing Prepaid Amounts
Utilizing Prepaid Amounts
Explaining the Recurring Billing Process
Setting Up a Recurring Billing Plan
Managing Recurring Bills

Managing Contract Revenue

Identifying the Implementation Phase for Managing Contract Revenue
Illustrating the Contracts Revenue Recognition Process Flow
Preparing Contracts for Revenue Processing
Managing Revenue Plans
Executing the Revenue Generation Process
Evaluating the Results of the Contracts Revenue Processes
Reconciling Revenue
Preparing a Revenue Forecast

Managing Contracts

Identifying the Implementation Phase for Contract Management
Identifying the Contract Management Features
Illustrating the Process Flow for Amending a Contract
Setting Up Amendment Control Tables
Creating an Amendment
Managing Amended Events
Performing Billing and Revenue Reversals

Managing Renewal Processing

Identifying the Implementation Phase for Processing Renewals
Illustrating the Contracts Renewal Process
Setting Up Renewal Plan Templates
Explaining Renewal Line Pricing
Setting Up a Renewable Contract Line
Managing Renewable Contract Lines
Processing Renewals

Analyzing Your Contracts

Identifying the Contracts Reporting Options
Using the Review Contract Summary page
Creating a Prepaid Management Report
Creating the Billing Management Report
Creating a Limit Amount Report

Request More Information

Time Frame: 0-3 Months4-12 Months

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