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The Benefits of Oracle Project Accounting

The Benefits of Oracle Project Accounting
Oracle Project Accounting (PA) is a module that gives you an incredible amount of control over the execution of organizational activities while letting you have the flexibility you need and may not have in other Oracle modules. One of the benefits of Oracle Project Accounting is that it lets you define activities and assign them a fixed amount, designate resources for specific tasks and decentralize their execution and changes so that the people that making up your team are all on the same page. Oracle Project Accounting also gives you the benefit of accessing Oracle Financials online on different, detailed levels that include reports. The real benefit here is that you don’t need to reassign control to both areas where they overlap.

Integration possibilities that Oracle Project Accounting offers are not only limited to standard integration points with other modules but you can also integrate Oracle Project Accounting with other non-Oracle applications like Excel, MSProjects and Primavera.

All of an organization’s processes can be controlled by projects: from the generation and construction of an asset that later generates revenue and that later has the possibility of generating contracts with clients. This would then lead to receipt generation that allows you to have control over specific department-specific expenses.

Oracle Project Accounting provides multiple levels of grouping and executive management of bids and transactions like: Organization, Project, Tasks and Resources that allow you to evaluate and show information with greater or less detailed as you desire. This allows you to have a global view but at the same time a specific view of all the activities pertaining to an organization.

If your organization is interested in either using or implementing Oracle Project Accounting and needs help you’ve got a number of options. If you’re looking for on-site Oracle Project Accounting consulting expertise, contact us at 1-800-675-0032 and we’ll be happy to set up an appointment to talk about how to make that happen.

If you’re simply looking to beef up your staff’s Oracle PA skill sets, then IT convergence can offer training on Oracle Project accounting on a limited, on-demand basis. To view curriculums for past Oracle Project Accounting classes, click here, or simply contact us at 1-800-675-0032 and we’ll be happy to set up a time to talk with our Education Services department.

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