Event Processing

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Event Processing

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In RevPro, the following types of POB releasing methods are supported:

  • Booking
  • Billing
  • Events
  • Manual

Overview

In the Events method, events are triggered for revenue release, cost release, and also for holding the revenue or cost. For events processing in RevPro, you must first create the event types based on your business needs, and then associate the event with the appropriate POB templates or revenue holds. After the setups are completed, you can upload event data to RevPro and then start the event process for RevPro to process the uploaded events.

The following types of events can be created in RevPro:

  • Budgeted Cost
    Use this event to release revenue based on the percentage of completed budgeted cost.

  • Budgeted Hours
    Use this event to release revenue based on the percentage of completed budgeted hours.

  • Cost
    Associate this event type with a POB template to release cost.

  • Hold
    Associate this event type with the holds or approvals to release the revenue hold or to transfer revenue that is placed on an RC, POB or line.

  • Revenue
    Associate this event type with a POB template to release revenue.

Related Tasks

The following tasks are required for RevPro to take appropriate actions against revenue or cost based on the uploaded events:

  1. Create the event type that you are going to upload in RevPro. See Event Setup.
  2. Depending on the event type that you create, different steps are required:
  3. Upload the event data based on an event upload template. See Event Upload.
  4. Start the event process in RevPro. See Release Event.
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