Contract modifications in RevPro Workbench

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Contract modifications in RevPro Workbench

In the RevPro Workbench, you can view detailed information about contract modifications and allocation treatments for the contract. You can also compare different versions of a revenue contract to see differences either on a POB summary level or on a line level. You can also retain or switch allocation for a contract in certain circumstances.

Identification of allocation treatment for a contract

On the Revenue Contract Detail page, the last treatment for the contract is displayed within parentheses next to the contract number in the header as highlighted in the red circle in the following graphic.

allocation_indicator.png

Three types of treatments are indicated as follows:

  • Initial
    The contract is in the Contract Initial Timeline, or no change has occurred during the Revision Timeline.

  • P
    The contract is in the Revision Timeline and the latest treatment that is triggered for the contract is prospective.

  • R
    The contract is in the Revision Timeline and the latest treatment that is triggered for the contract is retrospective.

Compare contract versions in Workbench

You can track the history of contract changes by viewing different versions of a contract in the Workbench. You can also compare two versions to find the reason that triggers the contract change.

The comparison between two versions of a contract can be viewed on POB summary level or on transaction line level.

Complete the following steps to compare two versions of a contract in RevPro:

  1. Open the RevPro Workbench and locate the revenue contract that you are interested in.

  2. Click the menu icon icon-menu-grey.png next to Switch to POB and then click Version.
    compare_version.png

  3. In the Version History window, select the two versions that you want to compare and then click Compare. The comparison on the POB summary level is displayed by default.
    version_history_window.png

  4. To view the differences on a transaction line level, click View Details. On the line level, the values of each line are displayed.

  5. To switch back to the POB summary level, click View Summary. On the POB summary level, values are consolidated from the transaction lines and displayed as a single line.

Contract Modification tab in Workbench

On the Revenue Contract Details page, use the Contract Modification tab to view detailed information about contract modifications, such as:

  • The transaction lines that trigger contract modifications.

  • The transaction prices that are allocated for the line.

  • The duration type of the contract revision timeline (either RC Modified Period or RC Modified Qtr) in the Contract Modification Type column.

  • The rule that is triggered for the line in the Contract Modification Rule column.

  • The accounting period in which the contract change happens in the Contract Mod Period column.

  • The allocation treatment that is performed for the accounting period in the Modification Treatment column.

  • The end date for the revision timeline in the Revision End Date column.

contract_modification_tab.png

Switch allocation in Workbench

From the RevPro Workbench, you can switch allocation for a revenue contract from prospective to retrospective, or the other way around.

For a revenue contract to be eligible for the Switch Allocation operation, all the following conditions must be met:

  • Allocation is enabled for the book.

  • The revenue contract is in the revision timeline.

  • There is no default treatment configured for the revenue contract.

Complete the following steps to switch allocation for a contract:

  1. Open the Revenue Contract Detail page for the contract.

  2. Click the menu icon icon-menu-grey.png next to Switch to POB.

  3. Switch the  allocation treatment by one of the following methods, depending on whether the accounting entries have been posted for the contract:

    • If the accounting entries for the contract have been posted, click Unfreeze >  Switch Allocation.

    • If the accounting entries for the contract have NOT been posted, click Switch Allocation.

The allocation for the contact is changed from prospective to retrospective, or from retrospective to prospective.

Retain allocation in Workbench

From the RevPro Workbench, you can retain allocation for a revenue contract so that whatever treatment that is already triggered for the contract remains as it is.

For a revenue contract to be eligible for the Retain Allocation operation, the following conditions must be met:

  • Allocation is enabled for the book.

  • The revenue allocation treatment has been posted for the accounting period.

Complete the following steps to retain allocation for a contract:

  1. Open the Revenue Contract Detail page for the contract.

  2. Click the menu icon icon-menu-grey.png next to Switch to POB.

  3. Click Unfreeze >  Retain Allocation.

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