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We're here to help you find itThe PeopleSoft Contracts Ed 2 course is designed to provide learners with an in-depth understanding of how to set up and manage contracts within the PeopleSoft application. This comprehensive training covers the full lifecycle of contract management, from establishing foundational elements to handling renewals and Revenue recognition.
Throughout the course, participants will engage with various modules, each focusing on critical aspects of the PeopleSoft Contracts module. They will learn about Business processes, Setting up control tables, Defining billing and revenue attributes, and Managing contract details. The course also covers the Setup of products, the Creation of contract templates, and the Analysis of contract data.
By the end of the course, learners will be well-equipped to implement and manage contracts efficiently, ensuring accurate billing and Revenue recognition. They will gain practical skills that will help streamline their organization's contract management processes, leading to improved financial performance and compliance.
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Classroom Training price is on request
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
As an IT training company, Koenig Solutions ensures that our students are adequately prepared to undertake the PeopleSoft Contracts Ed 2 course to maximize their learning outcomes. The course is comprehensive and covers various aspects of the PeopleSoft Contracts module. To ensure that you have a successful training experience, the following are the minimum required prerequisites:
These prerequisites are designed to provide a foundation that will help you to engage effectively with the course material. The course does not require advanced technical skills but rather focuses on the functional use and setup of the PeopleSoft Contracts module. By meeting these minimum requirements, you will be better positioned to understand the lessons and apply the knowledge to real-world scenarios.
PeopleSoft Contracts Ed 2 is a comprehensive course designed for professionals managing contract lifecycle processes in organizations.
The PeopleSoft Contracts Ed 2 course provides comprehensive training on managing the contracts lifecycle within PeopleSoft applications, from setup to renewal and analysis.
Business processes are a set of structured activities or tasks performed by people or systems to produce a specific service or product for a business. These processes help organizations coordinate and streamline tasks across various departments, improving efficiency and effectiveness. Effective business process management ensures resources are allocated optimally and strategic goals are met, leading to enhanced productivity and reduced operational costs. By standardizing these operational procedures, businesses can maintain quality control, improve customer satisfaction, and adapt more quickly to new market demands.
Control tables are foundational components within a database or software system that manage how applications operate and interact with data. These tables contain customizable settings or parameters that dictate various functions across the system, such as user roles, permissions, workflows, or process states. By setting up control tables correctly, administrators can ensure systems behave predictably and efficiently according to the predefined rules and criteria, facilitating modular changes and easier maintenance without needing to alter the underlying program code. Control tables streamline operations, enhance security, and improve user experience by centralizing control elements.
Defining billing and revenue attributes involves identifying and setting up key elements that determine how a business will process payments and record income. This includes specifying rates, billing cycles, payment terms, and revenue recognition rules, which dictate when and how revenue from sales is officially recorded in financial statements. Essentially, this process ensures accurate invoicing and compliant financial reporting, crucial for maintaining cash flow and providing transparency into the financial health of a company.
Managing contract details involves overseeing and administering the terms and conditions outlined in a contract. This process ensures that all parties fulfill their contractual obligations and that the terms are adhered to throughout the contract's duration. Effective management of contract details helps in minimizing risks, avoiding disputes, and enhancing business relationships. It includes tasks such as monitoring performance, updating terms as necessary, ensuring compliance with terms, and documenting any changes or amendments that might occur during the contract lifecycle. Proper management is crucial for maintaining the integrity and value of the contract.
Setup of products involves configuring and preparing software or hardware items to perform specific tasks or services according to user or business requirements. This process can include installation, customization, testing, and deployment of the product. For software like PeopleSoft Contracts, setup includes defining contract terms, integrating with other systems, establishing workflows, and setting security measures to ensure that the software effectively manages and automates contract processes across the organization. Proper setup is critical to maximize functionality, productivity, and user satisfaction.
Creation of contract templates involves designing standardized documents that outline the terms and conditions agreed upon by parties entering into a contract. These templates streamline the process of generating new contracts, ensuring consistency, accuracy, and compliance with legal standards. They typically include predefined clauses and sections that can be customized or adjusted depending on specific agreements or needs, thereby reducing the time and effort required to create new contracts from scratch and helping to minimize errors and misunderstandings.
Analysis of contract data involves examining and interpreting the details and patterns within contract documents to optimize performance and compliance. This process helps in identifying trends, predicting outcomes, and enhancing the decision-making process. By analyzing contract data, companies can ensure they meet contractual obligations efficiently, manage risks effectively, and strengthen relationships with partners. This strategic approach is critical in every industry that relies on contracts for operational and financial stability.
Revenue recognition is an accounting principle that determines the specific conditions under which revenue is recognized. In essence, it dictates how and when revenue from transactions and other events gets reported. The process is crucial for preparing accurate financial statements. Revenue is usually recognized when it is both earned and realizable—that is, when the seller has performed their obligations and payment is assured. This principle helps organizations ensure their financial health is reported accurately by reflecting their actual earnings, not just their cash transactions.
PeopleSoft Contracts Ed 2 is a comprehensive course designed for professionals managing contract lifecycle processes in organizations.
The PeopleSoft Contracts Ed 2 course provides comprehensive training on managing the contracts lifecycle within PeopleSoft applications, from setup to renewal and analysis.
