Recognizing Your Business Structure

Implementing PeopleSoft Contracts requires an iterative method of examining your business processes and investigating the software. When designing your system, take into account your policies, procedures, and existing structures. Assess how they can be incorporated in PeopleSoft Contracts. Ask questions such as the following:

• How do you control contract management?

  How does this relate to your legal and financial organizational structure?

  Is it centralized or decentralized?

• To what extent do you want to take advantage of the hierarchical structure afforded by using a combination of master contracts, standard contracts, and parent contracts?

• How do you want to control the security of your contracts, contract milestones, and contract status levels?

• Who is involved in the contracts process at your company?

• How are contracts priced for billing and revenue and how are prices allocated across contract lines?

• What level of automation versus manual control do you want to have for billing and revenue plans?

• How do you structure your projects and project rates?

  Are rates tied to a contract line?