Jaros

Projects and project accounting is primarily used by contractors, where revenue and costs within the umbrella of a project and payments are often made based upon progress of the project. However, more customers are seeing the benefits of managing cost by projects.

Questions that our customers answer on a daily basis are:

1. What are my costs incurred by job?
2. Which projects are associated with a customer or customer orders?
3. What are my project fundings?
4. What are my actual and forecasted labor hours?
5. What are my revenues, costs and margins at detail level?
6. I need to drill to AR and PO information.
7. What are my detailed labor expenses by project?
8. I need budget and forecast information?
9. I need billing details.

Many more questions are answered by Jaros in project accounting. A 50 billion dollar division of a Fortune 50 company uses Jaros Analytics for much of its Oracle® E-Business Suite reporting, having over 20 Oracle E-Business Suite systems. One of the modules they make use of is the Project Accounting module to answer many of the questions listed above. Many of their business units use the same functionality and reporting; so, each business unit runs the same reports and they are re-used across business units. Reporting covering billings, cash, costs, margins, and T&M are used at the detailed and summary levels. Budgeting and Funding reports are used at a higher level. Financial analysts can drill from project related data into accounts receivable and purchasing related data providing access to transactional data across module boundaries.