2025.R03 (March16, 2025)

AI

Copilot [to be enabled upon request]

Next Gen AI is here and will be brought to your AdaptiveWork journey in the form of Copilot multi-agent that will allow you to:

• Query CSC  for product documentation, helping you to improve product engagement & adoption.
• Query your project(s) data and be offered with insights that are not readily visible, driving efficiency.
• Segment & summarize your project(s) data that can be shared with your stakeholders.
• Draw your attention to problem areas and suggest actions, helping to de-risk strategic bets & increase revenue.

Information on security & compliance in view of AI, please visit the Trust site.

Copilot Text Editor

Copilot Text Editor enables users to be more productive through the focused application of AI capabilities, by helping them quickly improve / enhance / re-write text inserted into any text field within AdaptiveWork.

It allows fixing spelling, adjusting length, tone & translate any text area field within AdaptiveWork.

Information on security & compliance in view of AI, please visit the Trust site.

In case you wish to opt-out, please submit a support ticket.

A new Billing type is now available and allows you to handle Capped T&M Contracts where a Fixed Price or Budgeted Work (Hours) cap can be defined, where Work/ Expected/ Forecast/ Actual Revenue cannot exceed cap. 

Capped Time and Materials (T&M) contract is a hybrid billing arrangement that combines elements of both T&M and fixed-price contracts. In this model, the client agrees to pay the contractor based on the actual time spent and materials used, but with an agreed-upon maximum limit or "cap" on the total cost.his cap ensures that the project does not exceed a specified budget, providing financial protection for the client.

Learn more about the Capped Times & Materials Billing type

Services businesses need insight into whether they have sold the right commercial contract arrangement with their customers. This insight helps them drive future contract negotiations and pricing with customers.

When the billing type is Fixed-price, revenue recognition is typically based on the project's progress or milestones achieved. However, incorporating Time and Expenses (T&E) calculations can provide valuable insights into project performance and profitability. Here's why:

• Performance Monitoring: By tracking actual time and expenses against the project, you can assess whether the project is progressing as planned. This comparison helps identify any deviations from the budget or schedule early on, allowing for timely corrective actions.
• Profitability Analysis: Even with a fixed price, understanding the actual costs incurred (through T&E tracking) enables you to calculate the project's profit margin accurately. This analysis is crucial for evaluating the financial success of the project and for informing pricing strategies for future projects.

New Suggested Revenue fields are available for Timephase data and represent the Revenue as if they were calculated based on T&M Billing type.

Learn more about Suggested Revenue Fields

Our hybrid interface will now offer support for Custom Objects, including Grid view, search/filter functionality and configuration. The capability will support all aspects of Custom Objects, brining comparable features from the Classic UI to Hybrid.

UI

New Theme for Detail Pages [to be enabled upon request]

We are improving the look and feel of various modules' Details page, i.e., Project. Task, etc., by updating the color scheme, fonts, and spacing of detail pages. This promotes legibility and readability, along with making the UI look more modern.

Custom Calendars [to be enabled upon request]

The currently supported fiscal calendar types (standard, 4-5-4 and 4-4-5) will be extended to Custom Calendar, allowing customers to conduct financial planning based on specific fiscal accounting periods. The system will provide the ability to upload custom calendar dates covering a 2-year historic and 10-year future planning horizon and maintain those going forward.