Deltek Insight 2011: The Future of Vision Accounting

transcript

VI-122: The Future of Vision Accounting

Insight 2011

Presented byJessica Tiwari, Deltek

Agenda

Vision Strategic Drivers Europa Project Overview Accounting Feature Review Q&A

Roadmap Disclaimer

The information shared today regarding product features beyond Vision 6.1 is considered confidential. Furthermore, it does not represent a commitment on the part of Deltek to deliver the new functionality that is discussed, nor does it obligate Deltek to deliver any new functionality within any specific timeframe.

Deltek Vision Strategic Drivers

Expand Into International Markets Support clients’ expansion into

international business Expand into growth markets around the

world Expand Product Portfolio

Broaden footprint to support additional business processes (i.e., Corporate Budgeting, HR)

Extend solutions to more users within an organization

Customer Enablement Improve adoption through usability Strengthen core product

History of Project “Europa”

Follow-up release to the technology and internationally focused Vision 6 Mainly core product, usability enhancements Feature Scoping Process

Conducted individual client and prospect interviews Surveyed user groups and conference sessions Collected feedback from Deltek Consulting, Partners, and Sales Performed analysis of industry trends and competing products

Europa Themes

Work more

efficiently

Accomplishmore.

Expand global

footprint

Respond with

confidence

Manage more

effectively

Work More Efficientlyaccess the information you need more quickly…

Contract Management Credit Memos Security Enhancements User Defined Info Centers Status on Organizations

Work more efficiently

Contract Management

•Create simple queries and reports to find outstanding contracts by age

•Alert PMs when contracts are issued or signed

Contract and Change Order Status Tracking

•Assign employees and percentages to contract values

•Create simple queries and reports to view employee sales contributions over time

Employee Contract Credit Tracking

•Spread contract values to all WBS from a single screen

•Assign contract values immediately, or wait until contract is signed and finalized

Easy Distribution of Contract to WBS

Structure

•Sync contract values to Project Compensation fields

•Prevent plan compensation from exceeding Contract Management values

Enforcement of Contract Values in Planning and

Accounting

•Create revenue methods that can be run accurately in prior periods

•Create period specific backlog reports

Contracts by Period in Reporting and Revenue

Generation

Project Info Center Contract Management Tab

Supporting Contract Management

Contract Management in VPM

Credit Memos

•Create a full or partial credit to any invoice accepted through Interactive Billing

•Reprint Credit Memos through Invoices on File

Credit Memo Documents

•Use credit memos to clear outstanding AR off of the AR aged with no additional transaction entry required

Credit Memos and Outstanding

•All Credit Memos get unique numbers, either manually or automatically assigned

•Credit Memos are separate lines of detail on all reports and review screens

Audit Trail

Credit Memo Process

Credit Memo Process, part 2

Credit Memo Document

Credit Memo Reporting

Security Enhancements

Define Read Only, Modify, Add/Modify or Full access to security roles Search across Roles for specific access rights Review comprehensive security role reports, including screen designer settings Enable Grid View for exporting Role Data to Excel

Security Enhancements

Respond with Confidencenew tools to help you make informed business decisions

Employee Realization Fee Revenue Allocation Unit Reporting Online Check Review Timesheet Comments Audit Tracking in Configuration

Employee Realization

•Calculates and stores true realization by employee

•Enables tracking of employee profitability and efficiency

Overview

•Allocate employee related revenue to employees on an invoice by invoice basis in Interactive Billing

•Override system proration as needed

Invoice Based Allocation

•Allocate realization project by project over a selected timeframe, with override capabilities

•Ideal for projects where effort and invoicing don’t match

Period Based Allocation

•Report on utilization versus realization percentages

•Report on true employee profitability

Realization Reporting

Configuration and Period Based Allocation Options

Sample Realization Allocation Screen

Realization in Employee Reporting

Fee Revenue Allocation

•Supports splitting Fee Billed Values into the appropriate buckets of Labor, Expenses, Consultants, etc. •Allows two calculation methodsOverview•Prorate billed fee revenue to the appropriate bucket based on billed transactions•Select projects to prorate in Billing Terms, transactions to prorate based on in configuration

Transaction Based Allocation

•Define the split for labor, consultant, expenses for each invoice and fee method in Billing Terms

Manual Allocation

•Shows all transaction details associated with billed invoices, by invoice and/or project attributes •Used to support the calculations used in Fee Revenue Allocation

Invoice Transaction Detail Report

Configuration Options

Invoice Transaction Detail Report

Unit Reporting Enhancements

•Assign unit types for easy selection and sorting in reporting•Choose from standard types or create your own

Unit Types

•Analyze unit usage over date or period ranges•Select unit detail based on unit, project, or employee attributes

Unit Detail Report

Unit Table Enhancements

Online Check Review

Expand your Global Footprintfeatures to support your international presence

Multiple Currency Bank Payments Automated EFT Remittance Emails Intercompany Billing Rate calculations

Email EFT Remittances

ABC Company

Electronic Payment

Email EFT Remittances

Pay Multiple Currencies from a Single Bank

₨ ₩

Intercompany Billing Rate Calculations

Manage More Effectivelyachieve deeper insight into organizational performance

VPM Canvas Enhancements Analysis Cube Expansion KPIs and Targets

Questions?

Call to Action

Want to know more about User Defined Info Centers? VI-217 Feature Sneak Peek: Extending Vision with User Defined Info Centers Or corner Teresa Nelson at breakfast

Want to know more about Vision Performance Management? VI-114 Welcome to Vision Analysis Cubes VI-208 Future of Vision Performance Management VI-227 Vision Analysis Cubes: Oh the Possibilities! Or visit the Solutions Pavilion for a VPM demo Or corner Bret Tushaus at the Train concert

Still have questions? Contact me:

jessicatiwari@deltek.com

Engage With The DeltekAE Community

twitter.com/deltekvision

deltekae.wordpress.com

deltekvisionblog.wordpress.com

facebook.com/deltekinc

youtube.com/user/deltekinc

Deltek Insight 2011: The Future of Vision Accounting

Technology