Progressus Advanced Projects October Release Now Available

The Progressus Advanced Projects release is now available. The release includes enhancements to billing, expense, WIP and more!

Table of Content

    Progressus Advanced Projects release is available and includes a variety of enhancements to billing, expense, and WIP.

    Progressus Advanced Projects release includes application enhancements to expand the robust functionality available to professional services and project-based businesses.

    The October release contains enhancements most notably to Billing and WIP.

    Project and expense

    Billing & WIP capabilities

    Progressus update

    Three new WIP enhancements have been added

    custom updates

    New ability to print the Invoice Specification Report as well as adding additional filters for variables on reports for developers

    bug fixes png

    Bug fixes in billing, budget, project, time, and others

    Billing Updates

    • The Quote report now contains the same descriptions as the sales invoice report and match those on the Scheduled Billing lines page
    • The Invoice Resource Specification Report now includes an option “Include Expenses” and has been renamed to Invoice Specification Report

    WIP Updates

    • The fields below have been added to the Calculate WIP, Clear WIP, and WIP and Revenue Recognition pages. This feature adds flexibility to segregate the calculation of WIP for TM tasks and FP tasks on a project:
      • Include Contract Type Tasks TM (Boolean)
      • Include Contract Type Tasks FP (Boolean)
    • Added new Calculate WIP until Date field to Project Card, and WIP and Revenue Recognition pages:
      • Calculate WIP until Date has been added to the Project Card and WIP and Revenue Recognition pages. The Est. WIP Amt. field has been enhanced to more accurately reflect the amount that will be posted when WIP is run
    • Fixed Price: Use Full Contract Value has been added in the WIP, Recognition Settings & Allocations section of the Project Card. This feature provides more flexibility to determine the basis when calculating WIP for Fixed Price contracts.

    Additional Enhancements and Bug Fixes

    This release also includes enhancements to Hour Bank, Project, and Fixed Price as well as bug fixes for Billing, Budget, Journals, Project, Reports, Setup and Time.

    Read the full release notes here: Progressus-Advanced Projects Release

    The Progressus release is available for download on AppSource.

    About Progressus

    Advanced Projects by Progressus integrates directly with Dynamics 365 Business Central, delivering an integrated solution for the professional services industry, addressing industry requirements with project management, billing, and inventory management functionalities.

    Advanced Projects is a single, cloud-based solution that provides what professional services companies need, including robust business management functionality such as financial management and customer relationship management (CRM) functionality. Professional Services companies now get the advanced tools and insights they need to beat the competition, drive excellence in strategic planning, sales and marketing, operations, and finance, leveraging Microsoft’s cloud platform.

    If you’re interested in learning more, please reach out to the experts at Stratos Cloud Alliance.