Maintain Bill Rate Schedules Using Public API

Bill Rate APIs enable a Project Billing Manager to dynamically manage bill rate schedules to create, update, delete, and perform bulk uploads directly from the third-party applications. This integration provides accurate billing and improves due date performance for maintaining competitive billing practices and ensuring rates are adjusted promptly in response to market changes or contract amendments. This capability is particularly valuable in scenarios where billing rates are frequently adjusted, such as in consulting services or contract-based industries, that directly impacts revenue recognition and cash flow.

Previously, updating bill rates often required manual intervention within Oracle Project Billing, which could be time-consuming and prone to errors, especially for bulk updates or integrations with external systems. 

Create Bill Rate API

Steps to enable and configure

You don't need to do anything to enable this feature.

Key resources

Oracle Project Billing Implementation Guide

Chapter: Implementing Oracle Project Billing

Topic: Defining Bill Rate Schedules