Deltek Insight 2011: The Future of Vision Accounting

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  • Email electronic remittances, support international EFT, Wires, Direct Debits
  • Pay multiple currencies out of a single bank
  • Deltek Insight 2011: The Future of Vision Accounting

    1. 1. VI-122: The Futureof VisionAccountingInsight 2011Presented byJessica Tiwari, Deltek
    2. 2. Agenda Vision Strategic Drivers Europa Project Overview Accounting Feature Review Q&A2 Copyright © 2010 Deltek, Inc.
    3. 3. Roadmap DisclaimerThe information shared today regarding product featuresbeyond Vision 6.1 is considered confidential.Furthermore, it does not represent a commitment on thepart of Deltek to deliver the new functionality that isdiscussed, nor does it obligate Deltek to deliver any newfunctionality within any specific timeframe.3 5/22/2012 ©2011 Deltek, Inc. All Rights Reserved
    4. 4. Deltek Vision Strategic Drivers  Expand Into International Markets  Support clients’ expansion into international business  Expand into growth markets around the world  Expand Product Portfolio  Broaden footprint to support additional business processes (i.e., Corporate Budgeting, HR)  Extend solutions to more users within an organization  Customer Enablement  Improve adoption through usability  Strengthen core product4 5/22/2012 ©2011 Deltek, Inc. All Rights Reserved
    5. 5. History of Project “Europa” Follow-up release to the technology and internationally focused Vision 6 Mainly core product, usability enhancements Feature Scoping Process  Conducted individual client and prospect interviews  Surveyed user groups and conference sessions  Collected feedback from Deltek Consulting, Partners, and Sales  Performed analysis of industry trends and competing products5 Copyright © 2010 Deltek, Inc.
    6. 6. Europa Themes Expand Respond global with footprint confidence Work Manage more more efficiently effectively Accomplish more.6 Copyright © 2010 Deltek, Inc.
    7. 7. Work More Efficientlyaccess the information you need more quickly… Contract Management Credit Memos Security Enhancements User Defined Info Centers Status on Organizations Work more efficiently7 Copyright © 2010 Deltek, Inc.
    8. 8. Contract Management • Create simple queries and reports to find outstanding Contract and Change contracts by age Order Status Tracking • Alert PMs when contracts are issued or signed • Assign employees and percentages to contract values Employee Contract • Create simple queries and reports to view employee sales Credit Tracking contributions over time Easy Distribution of • Spread contract values to all WBS from a single screen Contract to WBS • Assign contract values immediately, or wait until contract is Structure signed and finalized Enforcement of Contract • Sync contract values to Project Compensation fields Values in Planning and • Prevent plan compensation from exceeding Contract Accounting Management values Contracts by Period in • Create revenue methods that can be run accurately in prior Reporting and Revenue periods Generation • Create period specific backlog reports8 Copyright © 2010 Deltek, Inc.
    9. 9. Project Info Center ContractManagement Tab9 Copyright © 2010 Deltek, Inc.
    10. 10. Supporting Contract Management10 Copyright © 2010 Deltek, Inc.
    11. 11. Contract Management in VPM11 Copyright © 2010 Deltek, Inc.
    12. 12. Credit Memos Credit Memo • Create a full or partial credit to any invoice accepted through Interactive Billing Documents • Reprint Credit Memos through Invoices on File Credit Memos • Use credit memos to clear outstanding AR off and of the AR aged with no additional transaction entry required Outstanding AR • All Credit Memos get unique numbers, either manually or automatically assigned Audit Trail • Credit Memos are separate lines of detail on all reports and review screens12 Copyright © 2010 Deltek, Inc.
    13. 13. Credit Memo Process13 Copyright © 2010 Deltek, Inc.
    14. 14. Credit Memo Process, part 214 Copyright © 2010 Deltek, Inc.
    15. 15. Credit Memo Document15 Copyright © 2010 Deltek, Inc.
    16. 16. Credit Memo Reporting16 Copyright © 2010 Deltek, Inc.
    17. 17. Security Enhancements Define Read Only, Modify, Add/Modify or Full access to security roles Search across Roles for specific access rights Review comprehensive security role reports, including screen designer settings Enable Grid View for exporting Role Data to Excel17 Copyright © 2010 Deltek, Inc.
    18. 18. Security Enhancements18 Copyright © 2010 Deltek, Inc.
    19. 19. Respond with Confidencenew tools to help you make informed business decisions Employee Realization Fee Revenue Allocation Unit Reporting Online Check Review Timesheet Comments Audit Tracking in Configuration Work more efficiently19 Copyright © 2010 Deltek, Inc.
    20. 20. Employee Realization • Calculates and stores true realization by employee Overview • Enables tracking of employee profitability and efficiency Invoice Based • Allocate employee related revenue to employees on an invoice by invoice basis in Interactive Billing Allocation • Override system proration as needed Period Based • Allocate realization project by project over a selected timeframe, with override capabilities Allocation • Ideal for projects where effort and invoicing don’t match Realization • Report on utilization versus realization percentages • Report on true employee profitability Reporting20 Copyright © 2010 Deltek, Inc.
    21. 21. Configuration and Period BasedAllocation Options21 Copyright © 2010 Deltek, Inc.
    22. 22. Sample Realization AllocationScreen22 Copyright © 2010 Deltek, Inc.
    23. 23. Realization in EmployeeReporting23 Copyright © 2010 Deltek, Inc.
    24. 24. Fee Revenue Allocation • Supports splitting Fee Billed Values into the appropriate Overview buckets of Labor, Expenses, Consultants, etc. • Allows two calculation methods • Prorate billed fee revenue to the appropriate bucket based Transaction Based on billed transactions Allocation • Select projects to prorate in Billing Terms, transactions to prorate based on in configuration • Define the split for labor, consultant, expenses for each Manual Allocation invoice and fee method in Billing Terms Invoice • Shows all transaction details associated with billed invoices, by invoice and/or project attributes Transaction Detail • Used to support the calculations used in Fee Revenue Report Allocation24 Copyright © 2010 Deltek, Inc.
    25. 25. Configuration Options25 Copyright © 2010 Deltek, Inc.
    26. 26. Invoice Transaction Detail Report26 Copyright © 2010 Deltek, Inc.
    27. 27. Unit Reporting Enhancements • Assign unit types for easy selection Unit and sorting in reporting • Choose from standard types or Types create your own Unit • Analyze unit usage over date or period ranges Detail • Select unit detail based on unit, project, or employee attributes Report27 Copyright © 2010 Deltek, Inc.
    28. 28. Unit Table Enhancements28 Copyright © 2010 Deltek, Inc.
    29. 29. Online Check Review29 Copyright © 2010 Deltek, Inc.
    30. 30. Expand your Global Footprintfeatures to support your international presence Multiple Currency Bank Payments Automated EFT Remittance Emails Intercompany Billing Rate calculations Work more efficiently30 Copyright © 2010 Deltek, Inc.
    31. 31. Email EFT Remittances31 5/22/2012 ©2011 Deltek, Inc. All Rights Reserved
    32. 32. Email EFT Remittances32 Copyright © 2010 Deltek, Inc.
    33. 33. Pay Multiple Currencies from aSingle Bank33 5/22/2012 ©2011 Deltek, Inc. All Rights Reserved
    34. 34. Intercompany Billing RateCalculations34 Copyright © 2010 Deltek, Inc.
    35. 35. Manage More Effectivelyachieve deeper insight into organizational performance VPM Canvas Enhancements Analysis Cube Expansion KPIs and Targets Work more efficiently35 Copyright © 2010 Deltek, Inc.
    36. 36. Questions?
    37. 37. Call to Action Want to know more about User Defined Info Centers?  VI-217 Feature Sneak Peek: Extending Vision with User Defined Info Centers  Or corner Teresa Nelson at breakfast Want to know more about Vision Performance Management?  VI-114 Welcome to Vision Analysis Cubes  VI-208 Future of Vision Performance Management  VI-227 Vision Analysis Cubes: Oh the Possibilities!  Or visit the Solutions Pavilion for a VPM demo  Or corner Bret Tushaus at the Train concert Still have questions? Contact me:  jessicatiwari@deltek.com37 Copyright © 2010 Deltek, Inc.
    38. 38. Engage With The DeltekAE Community twitter.com/deltekvision deltekae.wordpress.com deltekvisionblog.wordpress.com facebook.com/deltekinc youtube.com/user/deltekinc38 May 22, 2012 ©2011 Deltek, Inc. All Rights Reserved

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