Oracle Project Accounting and Contracts

8/9/2019 Oracle Project Accounting and Contracts

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Oracle Project Accounting/ContractsPresentation

Integration Overview


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2

What does OKE stand for?

OKE is an acronym for Oracle Project Contracts

OOracle

K Contracts (legal abbreiation for!

E Engineer to Order


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"

OKE Project #co$e

Defining, implementing, and training employees on standard processes and technology for

integrated contract execution and management

Converting active contract data Converting contract data related to active Construction projects from legacy system and Oracle

Purchasing to O! "# Construction Projects$

%canning those contracts and related documents and saving them to Documentum

ContractE%ecution

&usiness'ocument

anagement

ContractChange

anagement

)e*uisition/Purchase

OrderProject

Closeout

)e$orting and Analysis

Processes+ ,echnology+

Project

Contracts


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-

What is OKE?

& repository for contract financials and reporting information

& structure for executing and managing contracts and their related documents "e'g' letters of intent, (usiness documents, and change orders$

& tool to lin) to contracts and (usiness documents in Documentum

& tool for contract creation**you cannot print out your final contract from O!

+enerating additional wor)

Intuitive**it will ta)e some practice to get used to its functionality

OKE is...

OKE is not...


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&enefits

Consistent contract processes and technology

&utomated reminders to facilitate contract compliance

%ingle data entry point for contract information

One version of the truth

eal*time access to comprehensive contract data in a single contract

repository

!nhanced reporting capa(ilities

Compliance with %ar(anes*Oxley &ct

Intensive use of Oracle -or)flow for approval authori.ations

0o1 1ill you benefit from OKE?


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&ac3ground

%ystems view

04

Po1erPlantAsset

anagement

&id odels inE%cel

#$readsheets

Oracle Project

Accounting

/udget

&ctuals

&ctuals at thecompany level,Consolidated

forecast

0nconsolidatedforecast, /udget

Oracle 5eneral6edger

&ctuals

C-IP forconstruction Projects

Commitments

Oracle Project

Contracts

1orecast

23rends2

Capitali.ed Interest

Oracle

AccountsPayable

a%imo&ctuals

0y$erion

Planning

0nposted Invoices4 &ctuals &ctuals

&ctuals at companylevel

Payroll

OraclePurchasing

Depreciation, &dditions,etirements, 4 Capitali.ed

interest

Invoices

&ctuals

&ctuals

PurchaseOrders

Commitments 4&ctuals

1ixed asset (alances,depreciation 4 C-IPfor non*constr' capital

projects

E'W

eporting


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0igh8leel E%ecution/anagement Process

&usiness'ocument

anagement

Changeanagement

Project

Closeout

)e$orting and Analysis

Contract

E%ecution

)e*uisition/

PurchaseOrder

Contract !xecution

!nter letter of intent and contractinformation in O!

0tili.e approval wor)flows &ccess contract documents via

Documentum

/usiness Document 5anagement %end and receive (usiness documents

!nter (usiness document information in O!

&ccess (usiness documents in Documentum

e6uisition7Purchase Order Initiate re6uisitions via O! Import and autocreate re6uisitions into

POs in Oracle Purchasing

Change 5anagement !nter trends, internal contract adjustments,

and change orders

Project Closeout Closing contracts and the project

eporting and &nalysis

In6uire on contract data un contract reports


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:ntegration Points of OKE 1ith Other #ystems

Oracle ProjectContracts

Oracle ProjectContracts

Oracle ProjectAccounting

'ocumentum

OraclePurchasing

,rends )e*uisitions

'ocument :mages

Commitments

OracleAccountsPayable

Actuals


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What is a Project?

& Project is a (ody of wor) to which costs are charged andtrac)ed

& Project can (e made up of one or many tas)s, which identify

the specific (rea)down of the project wor) 3he hierarchy of tas)s is called the -or) /rea)down %tructure "-/%$

ProjectProject

3as) 83as) 8 3as) 93as) 9

3as) 8'83as) 8'8 3as) 8'93as) 8'9 3as) 9'83as) 9'8 3as) 9'93as) 9'9

Codingha$$ens at

the lo1estleel tas3

only


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11/16'emolition

=2

Concrete

Construction,em$late

,as3s

=2=====&oilerhouse 0)#5

#labs

===0ome Office

Administratie

Charges

=

:m$roement

=2=Po1erhouse Concrete

=2="===,urbine / 5enerator

E*ui$ment 4oundation

=2=-===isc. Po1erhouse

E*ui$ment

4oundations

#ub8,as3s

6o1est6eel#ub8,as3s

for =2=


12/16aint

E*ui$ment Construction

4inance,as3s

O$erations >aintenance

,as3s

E*ui$ment,as3s

Construction,as3s

(Cost Codes!


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Documents

Oracle Project Accounting and Contracts