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Contract

The document discusses various types of customer contracts that can be managed in PeopleSoft including recurring contracts, amount-based contracts, and all-upfront contracts. It describes the lifecycle of a contract from implementation and setup to billing and revenue recognition. It also covers the integration between PeopleSoft Contracts and Billing modules for contract processing and generating accounting entries.

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rijoy123
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57 views16 pages

Contract

The document discusses various types of customer contracts that can be managed in PeopleSoft including recurring contracts, amount-based contracts, and all-upfront contracts. It describes the lifecycle of a contract from implementation and setup to billing and revenue recognition. It also covers the integration between PeopleSoft Contracts and Billing modules for contract processing and generating accounting entries.

Uploaded by

rijoy123
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Customer Contract

Integration Points

Contract Features

Contract Lifecycle

Implementation steps for Contract

Contract

Contract Billing Data Flow

Contract Processing status

Contract Revenue Data flow

PeopleSoft Billing manages Revenue

Implementation Phase for Setting Up a PeopleSoft Contracts Business Unit

Contract Status

Contract Type
Rate Based Contract lines-PeopleSoft Billing must manage the revenue. Therefore, no revenue plan is required. Amount Based- either PeopleSoft Contracts or PeopleSoft Billing can manage revenue. Recurring- revenue must be managed by PeopleSoft Contracts

AD specific requirement
ALL DATA Specific

Type of Contracts
Monthly basis Recurring contract Valid till perpetually Keep on invoicing the customer Automatic renewal This is valid till the customer call this off/up

AUC/AUS-all upfront customer(Revenue to be apportioned) Example for school library etc. This is for fixed tenure and the moment tenure get over, it is not renewed Payment is done at the beginning of period Invoice is at the start of month and irrespective of invoice or bill date Recognized the revenue over the life of period

Contract to Billing Interface

Accounting Entries

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