Oracle ERP Update 24D: Project Management
Low Impact
Feature Enablement
Redwood Features
Generative AI
24D Update Features Covered:
- Generative AI: Change Order Generation from Project Issue
- Generative AI: Project Program Status Summary Generation
- Project Contract Prepayment Billing
- Manage Contract Requests
1. Generative AI: Change Order Generation from Project Issue
Quick Notes:
The Change Order Generation from Project Issue feature leverages generative AI to streamline the process of creating a change order directly from a project issue. This automation allows project managers to generate change orders quickly, using the information from the issue and automatically extracting budget impact details. The entire process, from issue identification to updating the project budget with the new amounts, is automated, reducing manual effort significantly.
2. Generative AI: Project Program Status Summary Generation
Quick Notes:
The invoicing process for prepayments has received enchantments by streamlining how a prepayment is requested from a customer for a project contract. The new features offer a comprehensive way to manage and track prepayments efficiently. The process allows billing specialists to request prepayments, apply them as negative line items on standard invoices, and track applied and unapplied balances. The benefits of this feature include increased efficiency by reducing manual efforts and allowing for quicker management of prepayments and related invoices. This feature also improves accuracy by allowing for the ability to correct and re-bill prepayment applications without disrupting overall financial tracking.
3. Project Contract Prepayment Billing
Quick Notes:
Configuration RequiredThe invoicing process for prepayments has received enchantments by streamlining how a prepayment is requested from a customer for a project contract. The new features offer a comprehensive way to manage and track prepayments efficiently. The process allows billing specialists to request prepayments, apply them as negative line items on standard invoices, and track applied and unapplied balances. The benefits of this feature include increased efficiency by reducing manual efforts and allowing for quicker management of prepayments and related invoices. This feature also improves accuracy by allowing for the ability to correct and re-bill prepayment applications without disrupting overall financial tracking.
4. Manage Contract Requests
Quick Notes:
The Manage Contract Requests feature simplifies and streamlines the entire lifecycle of contract requests, from creation to approval, assignment, and management. It allows users without contract-authoring permissions to submit contract requests by providing key contract details, uploading necessary documents, and tracking the progress of their requests. The business impact of this feature is increased efficiency by allowing users without contract-authoring permissions to submit requests which can speed up the contract creation process.
