Oracle ERP Update 25B: Project Management
Medium Impact
Feature Enablement
Redwood Features
Generative AI Features
25B Update Features Covered:
- Redwood Experience
- Generative AI
- Extract Key Terms from Contract Documents Using Generative AI
- Payroll Cost Distribution to Projects Using Time Cards
- Project Proposal Generation
1. Redwood Experience
Managing Unbilled Transactions has been updated to have Redwood styling.
2. Generative AI
Within Project Management, Oracle’s Gen AI will help make contract documentation review easier and speed up the process for project proposal.
Gen AI will assist with extracting Key Terms from contract documents to help make informed decisions during contract negotiation and analysis. It will also create project proposals to build out project objectives, scope, timeline, budget estimates, and staffing plans. A project manager will just need to review the project details and make necessary adjustments before generating a complete proposal.
3. Extract Key Terms from Contract Documents Using Generative AI
Quick Notes:
Generative AI will now extract information such as payment terms, renewal dates, jurisdictions, and penalties for early termination from contracts. Administrators can set up prompts that Generative AI uses to extract the key terms. Each prompt can be assigned as active or inactive for a document.
4. Payroll Cost Distribution to Projects Using Time Cards
Quick Notes:
Distribute payroll costs to projects using existing timecard hours in Project Costing as the distribution basis. This payroll cost distribution method provides the most accurate costing of labor effort on a project.
5. Project Proposal Generation
Quick Notes:
Utilize Oracle AI to assist you in creating a comprehensive project proposal that includes objectives, scope, timeline, budget estimates, and staffing plans. With just a single click you can review the project details and make necessary adjustment before generating a complete proposal.
