Enhanced Role Change Versioning: Accurate Project Revenue Tracking

Keka's Role Change Versioning feature brings enhanced accuracy to project revenue tracking by preserving historical data related to employee roles and billing rates. This feature addresses a common challenge in financial reporting, where changes in roles or rates over time could previously result in misleading revenue figures. By maintaining historical records, organizations can now gain a clearer understanding of project finances, ensuring more precise financial analysis and reporting.

How the Feature Works

• Change Role and Rate: Users can modify the role and billing rate for a team member from a specific "effective from" date.
• Preserve Historical Data: The system retains previous allocation changes related to cost and role.
• Accurate Calculations: The system utilizes historical information to calculate revenue, billing amounts, and margins more precisely.
• Enhanced Visibility: View historical role and billing rate data for each employee within a project.
  
  

Benefits

• Accurate Revenue Calculation: Ensures precise project revenue calculations based on historical data.
• Improved Financial Analysis: Gain a more accurate understanding of project profitability.
• Enhanced Decision Making: Make informed decisions based on reliable financial data.
• Enhanced Transparency: Track changes in role and billing rates over time.
  
  

Steps to Access the Feature

1. Navigate to the Project: Within a specific project, go to the "Team" tab.
2. Select Employee: Click on the three-dot menu next to the employee whose role or rate you want to change.
3. Edit Billing Details: To change the billing role and rate, select "Edit Billing Details."
4. View Allocation History: To view previous changes, select "View Allocation History."

By leveraging Role Change Versioning, organizations can optimize project management, improve financial accuracy, and make data-driven decisions.

For further details on Enhanced Revenue Analytics and the introduction of Estimated Billing Fees, please click on the link provided below: Enhanced Revenue Analytics: Introducing Estimated Billing Fees