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VI-122: The Future of Vision Accounting
Insight 2011
Presented byJessica Tiwari, Deltek
Agenda
2 Copyright © 2010 Deltek, Inc.
Vision Strategic Drivers Europa Project Overview Accounting Feature Review Q&A
04/18/20233 ©2011 Deltek, Inc. All Rights Reserved
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.
04/18/20234 ©2011 Deltek, Inc. All Rights Reserved
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”
5 Copyright © 2010 Deltek, Inc.
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
6 Copyright © 2010 Deltek, Inc.
Europa Themes
Work more
efficiently
Accomplishmore.
Expand global
footprint
Respond with
confidence
Manage more
effectively
Work More Efficientlyaccess the information you need more quickly…
7 Copyright © 2010 Deltek, Inc.
Contract Management Credit Memos Security Enhancements User Defined Info Centers Status on Organizations
Work more efficiently
Contract Management
8 Copyright © 2010 Deltek, Inc.
•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
9 Copyright © 2010 Deltek, Inc.
Supporting Contract Management
10 Copyright © 2010 Deltek, Inc.
Contract Management in VPM
11 Copyright © 2010 Deltek, Inc.
Credit Memos
12 Copyright © 2010 Deltek, Inc.
•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
AR
•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
13 Copyright © 2010 Deltek, Inc.
Credit Memo Process, part 2
14 Copyright © 2010 Deltek, Inc.
Credit Memo Document
15 Copyright © 2010 Deltek, Inc.
Credit Memo Reporting
16 Copyright © 2010 Deltek, Inc.
Security Enhancements
17 Copyright © 2010 Deltek, Inc.
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
18 Copyright © 2010 Deltek, Inc.
Respond with Confidencenew tools to help you make informed business decisions
19 Copyright © 2010 Deltek, Inc.
Employee Realization Fee Revenue Allocation Unit Reporting Online Check Review Timesheet Comments Audit Tracking in Configuration
Work more efficiently
Employee Realization
20 Copyright © 2010 Deltek, Inc.
•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
21 Copyright © 2010 Deltek, Inc.
Sample Realization Allocation Screen
22 Copyright © 2010 Deltek, Inc.
Realization in Employee Reporting
23 Copyright © 2010 Deltek, Inc.
Fee Revenue Allocation
24 Copyright © 2010 Deltek, Inc.
•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
25 Copyright © 2010 Deltek, Inc.
Invoice Transaction Detail Report
26 Copyright © 2010 Deltek, Inc.
Unit Reporting Enhancements
27 Copyright © 2010 Deltek, Inc.
•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
28 Copyright © 2010 Deltek, Inc.
Online Check Review
29 Copyright © 2010 Deltek, Inc.
Expand your Global Footprintfeatures to support your international presence
30 Copyright © 2010 Deltek, Inc.
Multiple Currency Bank Payments Automated EFT Remittance Emails Intercompany Billing Rate calculations
Work more efficiently
Email EFT Remittances
5/22/201231 ©2011 Deltek, Inc. All Rights Reserved
ABC Company
00037
Electronic Payment
Email EFT Remittances
32 Copyright © 2010 Deltek, Inc.
Pay Multiple Currencies from a Single Bank
5/22/201233 ©2011 Deltek, Inc. All Rights Reserved
£¥
€$
₨ ₩
34 Copyright © 2010 Deltek, Inc.
Intercompany Billing Rate Calculations
Rs¥
€$
Manage More Effectivelyachieve deeper insight into organizational performance
35 Copyright © 2010 Deltek, Inc.
VPM Canvas Enhancements Analysis Cube Expansion KPIs and Targets
Work more efficiently
Questions?
Call to Action
37 Copyright © 2010 Deltek, Inc.
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:
April 18, 202338 ©2011 Deltek, Inc. All Rights Reserved
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