Budgetary control (or “funds checking”) functionality exists in both the Oracle Projects (PA) and Oracle Grants (GMS) eBusiness Suite applications. The purpose of the functionality is to provide an extra level of control over a project budget, preventing or warning users of overspends when or if they occur.
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Posts Tagged ‘Funds Checking’
Thoughts on Budgetary Control in Oracle Projects and Oracle Grants
Friday, June 24th, 2011 by Andy CoatesFunds checking for Projects financial plan model not on current R12 roadmap
Thursday, October 28th, 2010 by Andy CoatesFollowing discussions during the October My Oracle Support Community (MOSC) Projects round table, Oracle product strategy stated that there are no current plans to re-introduce funds checking functionality for customers using the Projects financial plan model.
This will come as disappointing news to those customers who currently use funds checking and wish to migrate to financial plans, as well as those evaluating Oracle Projects who require strict control of expenditure as well as financial plan flexibility.
Product strategy added that the requirement for funds checking will be re-evaluated when defining the scope for post R12.2 releases.
Funds Checking, Budgetary Control and Budget Integration with GL for Oracle Project Management
Friday, May 15th, 2009 by Barry CrawleyAstounding as it may seem, when Oracle launched Oracle Project Management (PJT), it surprised many people by actually stating in the associated manuals that some functionality had in fact disappeared, if users adopted the financial planning model that is available in PJT. Throughout the manuals there are statements to this effect.
What this actually means is that if an organisation wishes to use Budgetary Controls, where by project budgeted funds are checked when users attempt to raise a requisition, they can not use the PJT financial planning model (planning resource lists, etc.) or vice versa. The same applies to budgetary integration between Oracle Projects and General Ledger.
This is highly irritating to organisations that want both and has not helped the cause of PJT, delaying the adoption of this functionally rich application. Organisations have been forced to choose between the two and prioritise where the biggest benefit lies. This adversely affects sectors where budgetary control (aka Funds Checking) is important, such as Higher Education & Research. This is far from ideal and it has vexed the consultants at Projected for some time.