Release notes Nov 19 - 25 2018

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  • Updated 2 years ago
This week, we launched our Revenue Workbench and multi-lingual notifications, added a new default pay rule, and fixed a couple of issues.

Revenue Workbench

If you’re looking for a simple solution for managing your revenue and complying with IFRS 15 and ASC 606, take note. Our Revenue Workbench is now available.

Revenue recognition is a common accounting procedure that officially accounts for revenue earned. So, for example, you can recognize revenue for a multi-year project while it's in progress, even if you won’t be paid until it's complete. This way, you can give your shareholders and investors accurate reports and forecasts on your financial status at any point in time.

With our Revenue Workbench, you can:

  • Use revenue contracts to automatically calculate recognizable revenue

    Two contracts are available by default – Percent of Completion and Equal Distribution – but we can easily create custom contracts that suit your specific requirements.
  • Easily apply and customize contracts for specific projects
  • View auto-calculated recognizable revenue for each project or client, as of any date
  • Select revenue to recognize and create a ‘revenue run’; you can recognize just a portion of the recognizable revenue, if desired
  • Mark a revenue run as complete, and export it to your ERP system

To take a look at the Revenue Workbench, enable all ‘revenue’ permissions in Administrator, Project Manager, and Revenue Manager permission sets.

Revenue recognition is available in our Professional Services Automation product only. Refer to Understanding revenue recognition in Replicon for more information.

Multi-lingual notifications

Now in Replicon, notifications can be set up in any language we support. Plus, all of the default notifications are now available in any of those languages.

Once you enable a notification in a given language, employees who are configured to use that language in Replicon will receive the notification in that language.

Refer to Setting up automated notifications for more information. This feature is available in the new product suite only.


Fixed issues

  • In/out entries that cross a Daylight Savings Time transition don’t show up in the Timesheet In/Out report
  • Compliance notification badges may disappear when you navigate to the Reports section

Click here for a summary of new features added to Replicon in the past six months.
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Paula Tannahill, Technical Writer

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Posted 2 years ago

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