Tasha's Top 10 New Features for D365 Project Operations: Feature 3

Enable Processing Billed Sales for Resource-Nonstock Deployments in D365 Project Operations

Moving through Tasha’s Top 10 New Features for D365 Project Operations, I want to share insights on: Enable Processing Billed Sales for Resource-Nonstock Deployments. This feature is a significant enhancement for project-oriented companies, offering numerous benefits that streamline the invoicing process and can help reduce administrative tasks.

What is it?

By utilizing this feature, you can now generate transactions for time, expenses, and material consumption directly within a draft or proforma invoice. This level of adaptability revolutionizes the way project-focused businesses operate, offering numerous significant advantages:

Timeliness: The system enables quicker preparation and sending of invoices, eliminating delays caused by waiting for consultants to submit their time and expenses or by manual journal entry creation.
Accuracy: Direct transaction entry on the draft invoice reduces the risk of errors, ensuring accurate capture of all billable items and reflecting the project's true cost.
Convenience: Consultants and Project Managers can dedicate more time to core activities without being weighed down by administrative duties, which is especially advantageous for consultants with frequent travel commitments.
Efficiency: Optimizing the invoicing process reduces administrative workload, enhancing the operational efficiency of finance teams. This optimization can result in accelerated cash flow and enhanced financial management.
Transparency: The system offers a comprehensive and transparent overview of all billable items on the draft invoice, facilitating easier review and approval before finalizing and sending to the client.

Business Value

The ability to create transactions for time, expense, and material usage directly on a draft invoice streamlines the invoicing process, ensuring timely and accurate billing. This feature enhances operational efficiency and accelerates cash flow, providing significant financial and administrative benefits to project-oriented companies.

Special Details

With this feature, you’ll experience:

Reduced Administrative Burden: Streamline your workflow by entering transactions directly on the draft invoice.
Faster Cash Flow: Accelerate the invoicing process, leading to quicker payment processing.
Improved Accuracy: Minimize errors and ensure all billable items are captured correctly.

Using Enable Processing Billed Sales for Resource-Nonstock Deployments

Here’s a quick guide to help you get started:

Set Up: Ensure the feature is enabled in the project settings.
Create Transactions: Enter transactions for time, expense, and material usage directly on a draft invoice.
Review and Approve: Validate and approve the draft invoice before finalizing.

By following these steps, you can leverage the full potential of this feature, making your invoicing process more efficient and accurate.

Conclusion

The functionality that allows for the processing of billed sales for resource-nonstock deployments is a beneficial feature that enhances the billing process within D365 Project Operations. This improvement streamlines administrative duties, expedites the invoicing process, and boosts precision, ultimately leading to significantly enhanced operational efficiency and financial oversight. Should you need further clarification or assistance, please feel free to reach out to us at your convenience.

Stay tuned for more updates and tips on leveraging the latest features in D365 Project Operations.

Happy billing!