Little Changes #7: Cash Flow Phasing

A simple but big improvement that we have made to the Cost module is for Cashflow Phasing. What we've brought into the product now is the ability to enter in percentages, so using these filters are very important when doing cashflow.

To highlight these changes we will go through cashflow phasing done against  contracts. This can be done against codes as well, but that can all be done within the cost module which was something we brought in in UniPhi 13.

In this screen, areas that are grayed out are actuals that have been closed. This screen will also present all the contract that now exist in the project you are working on and their deliverables.

What are you now able to do in the system, which may work more for consulting contracts than main works, is if you know that you have milestone claims that are going to be made and will be consistent across the deliverables, is you can now phase it out using percentages. This will also be a big thing for our practice management users as they've got their own revenue contracts that they then claim across all deliverables in one month.

To phase your cashflows by percentages, what you first need to do, is change the Unit drop-down from Currency to %, which is new in UniPhi 15.

Unit  Drop-Down - %

This means you can now key in percentages across the months as to what the claim value for that deliverable will be and automatically phase it across your claim period. For example if you if you know the claim value will be 20% for one month and the months after you simply enter 20% across that time period.

20% Phasing

 Once entered, hit save and the system will automatically calculate 20% of the $10 million to phase that information out.

Phased Variance

Then if you are happy with that being what is going to happen to all displayed deliverable, you can simply tick the box and select Fill Down. The tick boxes normally means that there are hidden buttons that are going to appear, which is something that came in in UniPhi 13 and alerts users to hidden functionality that can be selected when ticked.

Fill Down & Save

 The 20% will then come down into each code and once you click save, the cash flow of that contract will have automatically be phased.

20% Phased 

You can then revert the screen back into Currency and see the dollar values that are coming in on a month by month basis.

Unit Drop-down - Currency

Phased $ Value

This is just one of the cool little functions that we feel will be pretty popular in UniPhi 15 and may, in certain circumstances, sur-plant the auto-phase function that we enhanced in UniPhi 13.