Oracle Revenue Management Configuration
- System Option
- Source Document Type
- Contract Identification Rule
- Contract Identification Rule
- Performance Obligation Identification Rule
- Pricing Setup (Part Of Order Management Pricing Strategy)
RMCS-CONFIGURATION
Common Revenue Management Configuration Overview

CONFIGURATION-Satisfaction Plan Type
Performance Satisfaction Plan Types
You can use four different Performance Satisfaction Plan Types on Revenue Scheduling Rules:
Performance Satisfaction Plan Type | Description |
---|---|
Daily revenue rate, all periods | Prorate revenue recognition who a daily rate for all periods. Use accounting rules of this type to meet strict revenue accounting standards This rule type requires rule start date and rule end date to be specified in the transaction data. |
Daily revenue rate, partial period | prorate revenue recognition using a daily rate of only partial periods. the whole periods are prompted evenly, this rule type requires rule start date and rule end date to be specified in the transaction data. |
Fixed Schedule | Prorate revenue recognition over a predefined number of periods and predefined percentages of revenue amount For example you can specify 3 periods for 30%130%140% With this rule. the system derives the duration from the rule. |
variable schedule | Prorate revenue recognition over a number of periods. With this rule, the rule start date and the duration must be provided n the transaction data |
CONFIGURATION-Satisfaction Plan Type

Oracle Revenue Management Cloud Services | what is ORMB? | revenue management and billing cloud
Oracle Revenue Management Cloud Services | what is ORMB? | revenue management and billing cloud RMCS-Revenue Management Cloud Service FINANCIAL STANDARD OF REVENUE RECOGNITION The core principle of ASC 606 and IRFS 15 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to …
Revenue Schedule

SOURCE DOCUMENT TYPE

SYSTEM OPTION

SYSTEM OPTION

CONTRACT IDENTIFICATION RULE

CONTRACT IDENTIFICATION RULE

Contract Identification Rule

Performance Obligation Identification Rules

Identify Performance Obligation

Pricing Setup-Part Of OM Pricing Strategy

PROGRAM NEED TO RUN
- RMCS Revenue Basis Extract
Extracts Revenue Basis data from Fusion DOO, Enterprise Contracts and PPM
Billing into VRM(RMCS) via ICS
- RMCS Billing Extract
Extracts Invoices from Fusion Billing for feeding into VRM(RMCS)
RMCS Progress Revenue Basis Event Extract
- Extracts Progress Revenue Basis data from Projects into VRM(RMCS) via OIC
- Process Revenue Recognition
REQUIRED JOB ROLES
- REVENUE MANAGER
- REVENUE ANALYST
- Receivable Manager
- Order Entry specialist
- Project Accountant
Fusion Home Page

CONTRACT DASHBOARD

SEARCH CONTACT

MANAGE CUSTOMER CONTACT

Customer Contact

Customer Contact

Implementation decision point

Oracle Revenue Management Cloud Services | what is ORMB? | revenue management and billing cloud
Oracle Revenue Management Cloud Services | what is ORMB? | revenue management and billing cloud RMCS-Revenue Management Cloud Service FINANCIAL STANDARD OF REVENUE RECOGNITION The core principle of ASC 606 and IRFS 15 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to …