Financial Model Overview

While the PSO solution combines the areas of organization, projects, and customers, it also provides a very detailed yet flexible financial model as illustrated in the following figure.

As shown in the preceding figure, the employee is assigned to two dimensions on the employee card: Department and Company. The project type is assigned to each project. The customer can be linked to a global customer, and the business area dimension is assigned to each customer. When entries are made in the Project Management module, the solution automatically derives all dimensions and entry units.

All entries in the Project Management module are reflected in the General Ledger module and are posted automatically to the relevant accounts. The solution is set up with one global set of Chart of Accounts, but could, as illustrated, be expanded with a local Chart of Accounts, such as by legal company.

When you measure Key Performance Indicators (KPIs), the solution offers full flexibility, allowing you to look at such items as customer profitability across companies, departments, or projects. You can also extract a P&L by customer, business area, and department. Think of the preceding figure as a matrix from which you can view data from all angles and drill down to the data at different levels.

It is important to mention that the employee only selects a project and task when entering time and the solution automatically derives the rest.

The solution is delivered with a set of template reports described in the Reporting section.