Progress Payment & Contract Milestone Billing
IFS Cloud handles periodic payment against work completed through Application for Payment, where a valuation is made against the contract items up to a cutoff date using Progress (percentage complete), Quantity Complete, Cost Value, Cost Plus (actual cost factored by a mark-up) or Sales Value. The application moves through Planned, Approved, Submitted, Certified, Partially or Fully Paid and Canceled, is cumulative across applications, creates financial postings on submission and again on certification, and is retained in a Sales Contract Ledger tracking payment requests, amounts paid and amounts withheld. Statuses also feed the IFS Cash Flow Analysis with a reliability-graded cash flow status, while transaction-based billing runs through project invoicing.
Execution steps
6 steps
The sequence somebody actually follows in IFS Cloud, step by step, written for a person doing the work rather than for a diagram.
Data requirements
12 requirements
Every entity this process needs, mapped to its IFS object, marked mandatory or optional, with the source system it comes from. This is the list a data migration is built from.
Configuration decisions
5 decisions
The choices this process forces you to make in IFS, named up front. Finding these in week nine of a program is what makes week nine expensive.
KPIs
5 measures
What this process is measured on, so the reporting requirement is known before the process is configured rather than after go-live.
Integration points
5 integrations
Where this process has to talk to something outside IFS, and what crosses the boundary.
Workshop questions
6 questions
The questions to ask the business about this process, written before the workshop. This is the difference between a design session and a discussion.
Prerequisites
4 prerequisites
What has to be true before this process can run at all: master data, other processes, setup completed elsewhere.
Industry variants
3 variants
How this process differs by industry: the parts a utility does differently from a manufacturer, already worked out rather than discovered.
Process diagram
1 BPMN diagram
A real BPMN diagram, editable in the platform, not a picture of one. It is the same diagram your team will annotate in the workshop.
Sources
3 citations
Where this came from. Every process traces back to IFS documentation and release notes, so a claim about how IFS behaves can be checked rather than believed.
Every process in the library looks like this.
46 details are already worked out for this one process. A license opens them, and the other 619 processes with them.