Appendix B: Benefits by Module

Additional CAPPS Financials Modules (6)

Billing/Accounts Receivable

Manages the billing process in a single, stand-alone system that integrates with other CAPPS modules, including Grants, Project Costing and Customer Contracts.

Benefits:

• Accelerates bill creation through automated and online bill entry.
• Leverages receivables functionality to increase the efficiency of collections.
• Focuses efforts on data analysis rather than data collection and produces a diversity of delivered reports.
• Delivers timely information to customers through automated invoice, statement and dunning letter generation.

Customer Contracts

Manages revenue-generating contracts through independent revenue recognition and billing. Satisfies customer demands while adhering to proper revenue recognition without manual intervention.

Benefits:

• Tracks all contractual agreement revenue and grant awards.
• Tracks milestones according to costs; rate-based cost items are collected by the Project Costing module.
• Fully tracks revenue billed and received through Billing and Accounts Receivable modules.

Grants

Tracks grant activities efficiently and effectively through proposal, receipt and disbursement.

Benefits:

• Enables complete proposal tracking and seamless generation of awards in a single source.
• Automatically interfaces to grants.gov and automates sub-recipient and Catalog of Federal Domestic Assistance (CFDA) tracking.

Inventory

Streamlines inventory processing from receipt to issue in a centralized and integrated system.

Benefits:

• Provides flexible reporting and analysis tools for managing and tracking inventory.
• Provides automated inventory replenishment triggers and integration with purchasing.
• Utilizes express and multi-step order fulfillment processing.

Planning and Budget

Enables a collaborative budgeting process with the flexibility to enforce agency rules and accountability with improved traceability and documentation.

Benefits:

• Supports agency strategic objectives while building control and oversight into the budgeting process.
• Interacts with a role-based architecture (system security).

Project Costing

Manages the cost collection process with a single end-to-end system integrated with Accounts Payable, Billing, Customer Contracts, General Ledger and Grants modules.

Benefits:

• Enables powerful project analysis and reporting through streamlined asset capitalization and robust billing capability.
• Allows costs collection against a project in a shared repository for an integrated solution.