- Closed Beta: Manual Revenue Recognition
Manual revenue recognition is moving into Open Beta this month. This means all customers can try it out on the budget page and provide feedback.
- New: Project priority field
Add a custom priority field to your projects to filter and sort your projects based on their priority ranking (i.e. “low, medium, high” or “Priority 1 (P1), P2, P3, P4”, etc). System users can use the priority filter in Projects Listing, Schedule Projects and Project Portfolio Report (PPR).
- New: "RAG Status Description" field
Get a better understanding and report on project health using the RAG status description field in the PPR report. Find the field to the right of the coloured circle denoting if the project is on Red, Amber or Green and provide context to the status.
- Closed Beta: Manual Revenue Recognition
This is the next phase in enabling revenue recognition for all project types. Customers who's like early access can get it by contacting their account manager.
- Launched: Revenue Recognition for fixed price projects
You can now reconcile your financials at a portfolio level and see how the monthly revenue has been distributed between the tasks for which time was entered that month.
- Schedule People in a Flash
We've made some performance improvements to the people scheduling page. The improvements has made the page faster to load and navigate.
- Subtasks have been improved and restructured
You can now create multiple tasks under a parent task, and include assignee, timelines, time estimates and to-do’s. The estimated time for subtasks will be rolled up to the ‘parent’ task and be shown in your timeline.
- Convert sales proposals into project plans instantly
With Baseline you can turn your sales proposals into project plans to model how the project you've pitched will impact your company's bottom line.
- Recognise your revenue based on percentage complete
With Revenue Recognition (launching 7.3.22) you can reconcile your financials at a portfolio level. It also gives you the ability to lock each passing month to ensure that your recognised revenue goes unchanged as your project progresses.
- Advanced Analytics goes live!
Welcome to next-level business intelligence with Advanced Analytics. Create and customize reports with the data you want in the way you want it presented.
- Sharing of Reports coming soon
We are in the discovery phase of allowing you to have the ability to share our in-product reports to external users.
- Skills and Labels are getting a revamp
We are working to improve your ability to tag people with skills and to classify tasks or projects with labels. This will be coming to beta shortly.
- Resource Improvements
We have worked on enhancing the stability and performance of Forecast and this month we have improved the invoicing overview page, the modal for creating invoicing, and the budget page.
- Revenue Recognition goes into Closed Beta
With Forecast’s new Revenue recognition feature, you can recognize revenue on a monthly basis at a project level using the “percentage complete” method. In turn, project revenue recognition numbers can then be rolled up to a company level, giving you an accurate month-by-month revenue report. You will also be able to see how the monthly revenue has been distributed between the tasks for which time was entered that month.
- Task Overrun Alert in Open Beta
Task Overrun Alert is an AI-powered feature to help you keep an eye on tasks that may be at risk of taking longer than expected. Get a warning indicator for tasks that may be incorrectly estimated. See what similar tasks the AI model has considered to generate that warning, and you can adjust your estimates accordingly, or discard the prediction.
- Nova Insights goes into Closed Beta
Nova Insights is your AI partner to give you a quick, easy, and understandable overview of how your projects are running. Review your predicted project end, task performance, budget, and team focus in one overview. Immediately see how each part of your project is faring with our traffic light system, and dive deeper into where you need to take action with our intelligent insights.