Tasha's Top 10 New Features for D365 Project Operations: Feature 8

Enable Time Phasing of Quote and Contract Lines in D365 Project Operations

Continuing through the list to #8 of Tasha’s Top 10 New Features for D365 Project Operations: Enable Time Phasing of Quote and Contract Lines. This feature is designed to automate and streamline the management of pricing changes over time, ensuring accuracy and reducing manual effort.

What is it?

With this feature, the correct sales and cost prices are automagically updated in quotes and contracts based on date effectivity. Prices are computed using weighted average prices for both quote line details and contract line details, ensuring precise and reliable pricing calculations. This automation significantly reduces the manual effort previously required to track and update prices, minimizing the risk of errors and discrepancies.

Business Value

Managing time-phased price changes in labor, expenses, and materials within quotes and contracts can be challenging. This feature addresses that challenge by ensuring that any changes in prices are automatically reflected from their effective date. This provides accurate and up-to-date pricing without the need for manual intervention, enhancing efficiency and reliability in financial management.

Special Details

Additionally, this feature includes the ability to maintain a comprehensive audit trail of all changes made to quotes and contracts. This allows for full transparency and traceability, giving users confidence in the accuracy and integrity of their pricing information. Users will now have the ability to see exact totals at any point in time, reflecting all current and historical pricing data. This real-time visibility into totals enhances contract management and helps ensure that all financial aspects are accurately accounted for.

Using Enable Time Phasing of Quote and Contract Lines

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

Open Quote/Contract: Go to the relevant quote or contract.
Set Time Phasing: Enable time phasing for quote and contract lines.
Review Prices: Ensure prices are updated based on date effectivity.

By following these steps, you can leverage the full potential of this feature, ensuring that your pricing is always accurate and up-to-date.

Conclusion

Enabling time phasing of quote and contract lines is a powerful feature that enhances pricing accuracy and efficiency in D365 Project Operations. By automating the update of prices based on date effectivity, it reduces manual effort and minimizes errors. If you have any questions or need further assistance, feel free to reach out!

Stay tuned for the final 2 features and for more updates and tips on leveraging the latest features in D365 Project Operations.

Happy phasing!