Duration
4 days
Overview
The PeopleSoft Contracts course has been updated through update image 11. This course 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.
Learn To:
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.
Benefits to You
You will learn to use the major features of PeopleSoft Contracts, which you can apply and build on when you return to your own business environment. Activities throughout the course provide stepwise examples that simulate scenarios in businesses like yours.
Participate in Hands-On Exercises
By participating in a combination of interactive instruction and hands-on exercises, you'll explore the integration with other PeopleSoft applications, such as Billing, Project Costing, Order Management and General Ledger. Through lessons and activities, you'll learn the necessary skills to implement and process contracts in their own environment. The government contracting features and functions of PeopleSoft Contracts 9.2 are not discussed in this course. Supplier contracts are covered in the PeopleSoft Purchasing module. Course materials are appropriate for any customer using Release 9.x PeopleSoft Applications.
If a customer has already taken the Release 9.1 course, retake is not necessary.
Audience
Functional Implementer
Related Training
Required Prerequisites
Able to run processes and reports
Use of control tables to enforce business rules
Suggested Prerequisites
Understanding of basic navigation and PeopleSoft concepts
Course Objectives
Understand the Contracts Business Process
Prepare to Implement Contracts
Set up General Control Tables
Set up Billing and Revenue Processing Attributes
Set up Contracts and Project Costing Accounting
Set up Products and Related Tables
Define Revenue and Billing Plan Templates
Create Contracts
Prepare Contracts for Billing
Manage Contract Billing
Manage Prepaids and Recurring Revenue
Manage Contract Revenue
Manage Contracts
Manage Renewal Processing
Analyze Contracts
Course Topics
Understanding the Contracts Business Process
Describing the Scope of Contracts
Describing the Lifecycle of a Contract
Describing Contracts Terminology
Describing the Contracts WorkCenter
Describing the Contract Entry Component
Describing the Course Case Study
Preparing to Implement 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 a Contract Status
Defining Contract Types
Explaining Contract Classifications
Defining a Legal Entity
Setting up Billing and Revenue Processing Attributes
Implementing Billing and Revenue Processing Attributes
Explaining Billing Summarization
Defining Billing Summarization Configuration ID's, Groups, and Templates
Defining Transaction Identifiers
Explaining Tiered Pricing
Identifying Project Costing Terminoloty
Defining a Rate Set and a Rate Plan
Setting up Contracts and Project Costing Accounting
Implementing 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
Defining Account Distribution Codes
Identifying the Unbilled Accounts Receivable Default Hierarchy
Setting up Distribution Sets and Rules
Setting up Journal Template Defaults and Accounting Rules 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
Implementing 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
Implementing Invoice Generation
Explaining the Contracts Billing Process Flow
Executing the Contracts/Billing Interface Process
Examining the Results of Contract-Billing Interface Process
Performing the Billing Interface Process
Managing the Billing Worksheet
Processing Billable Transactions for Your Contract
Evaluating a Contract’s Billing Activity and Limit Processing
Managing Prepaid and Recurring Billing
Implementing Prepaids 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
Implementing 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
Implementing Renewal Processing
Illustrating the Contracts Renewal Process
Setting Up Renewal Plan Templates
Describing Renewal Line Pricing
Setting Up a Renewable Contract Line
Managing Renewable Contract Lines
Processing Renewals
Analyzing 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
Programme scope, delivery arrangements and suitability are confirmed during enquiry.