Advanced features of the Microsoft Dynamics AX 2012 R2 Service Industries
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Project contracts
Advanced billing rules
Customer retention and advanced invoicing
Indirect costs
Effective labor rate
Budgeting and forecasting
Revenue recognition
BI & Analytics
Advanced features of the Microsoft Dynamics AX 2012 R2 Service Industries
• Localization for additional markets (including Brazil, India, and China
• Project accounting enhancements
• Cross-company project list
• Estimate project usability
• Funding source enhancements
• Project budget enhancements
• Resource scheduling enhancements
• Intercompany resource scheduling
• Functional enhancements
• Improved user experience
• Richer reports
• Time and expense enhancements
• Intercompany expense lines
• Expense report usability
• Integration of task assignments in timesheet
Advanced features of the Microsoft Dynamics AX 2012 R2 Service Industries
• Project invoicing enhancements
• Rationalized the invoice proposal creation between Project Accounting I, II and III
(SI)
• Enhancements to improve ease of use and alignment with industry requirements
• BI/Analytics enhancements
• Enhanced Role Center with high performance charts
• Enhanced flexibility in the Business Overview Webparts
The Company
• Contoso Consulting is a mid-sized IT services firm
• Subsidiaries in US, UK and France
• Many concurrent projects and customers
• Has a broad mix of consultant skill sets
• Mainly does time and materials projects with some fixed price
projects
• May resell hardware & software as part of a project
The Scenario
• Contoso US just signed a $1 million project to implement an ERP
system at Sensational Discount Store
• 3 month, fixed-price project for implementation
• Custom report development on T&M with cap basis
• Training materials on a unit of delivery basis
• Revenue recognition for the fixed price portion will be on a
percentage of completion basis
Project Initiation
Project Execution
Project Billing
Approve invoice
Process Invoice
Review
Performance
Working across
multiple projects
& organizations
Project cost
management
Maximization of
cash inflows
Projects visible across companies
Effective labor rate (ELR) computed based on reported time and
worker calendar
Budget checking in journals on line save
Budgets can now include quantities in addition to amounts
Ability to consume project items on product receipt
Revenue
recognition and
project funding
Automatic background creation of estimate project
when creating fixed price projects
‘On-hold’ funding source balance visibility via fact box
Statement
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P&L / Revenue, Cost, Gross Margin, WIP
Compare actual to Budget
SSRS Reports
Invoice Control
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Invoiced, Chargeable, None Chargeable
Compare actual to quotation
Cost Control
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Inquiry
Forms
Actual, Budgeted and Committed Cost
Compare total cost to original budget
Hour Utilization
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Billable rate, Efficiency Rate
Compare Actual to Budget
Cash Flow
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Cash inflow, outflow, and net cash flow
Compare actual to budget
OLAP Cube