Credence Analytics - Cost allocation & Utilization of Resources as per Timesheets : Policy Guidelines

Dear All,

Thanks to the teams for ensuring that the timesheets are uploaded month on month on time.

This helps us to analyse at the company level to understand the utilization of our resources and also to take corrective and timely decisions to allocate proper resources for projects & AMCs which are profitable.

Also it helps to understand at the company level the loss making projects / AMCs and to get back to the customers and request for additional revenue for additional efforts. 

For further clarity : We once again reiterate : 

Each Sales Order or mandate received is booked in the ERP and a project is created under each Purchase Order. If we receive PO for AMC & Outsourced services separately, A Project code will be created for each PO and Budget allocation for each project will be separate.

Projects once created will be assigned to the project Manager who can then assign it to its users. Please add users in the tab for users, so that they can upload timesheets accordingly.

Timesheets can be uploaded only if the period is valid, Budget is available & Task is yet to be completed.

Activity of each resource is classified as Billable or non billable.

Activity cost rate is :    Interns : 300/- Per Hour 

                                      A1 TO C1 : 800/- Per Hour 

                                      C2 to L2 : 938/- Per Hour 

                                      M1 & above 1250 /- Per Hour 

For Checking your team members log sheets and their utilization , you can click on https://erp.credenceanalytics.com/app/timesheet/view/report

Check on reports :  Daily Summary or Employee Hours Utilization based on Billable/ Non Billable Hours.

Please note that Finance will be highlighting on a rolling basis resources who have been non billable for over 3 months . This might affect their performance appraisals.

For additional Budget COST or extension of PERIOD : apply at   https://erp.credenceanalytics.com/app/project-budget-allocation/new-project-budget-allocation

Please note that the Budget is allocated for the calendar year April, 2023 to March, 2024 in case of AMC & Outsourced Resources (Only as per Receipt of PO/ Mandate/ Sales Order). If PO is not received, then the period is not extended / unlocked until the receipt of the PO.

The Budget to the Implementation team for AMC is granted after allocation to Company & PDT. In case of Outsourced services , the budget is shared between Company & IMPL Team. 

The allocation ratio is IMPL : PDT : Company ; 69 : 21: 10 & for Outsourced services : 90 : 10 (IMPL : Company)

Hope this clarifies your queries.