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Planview Customer Success Center

Rate Cards

What's New

Building on Date-Effective Rates functionality, a Rate Card is a new module that contains Job Title Billing Rates for use in Projects. Previously, you were able to set global Rates for Job Titles or specific Rates per Project; Rate Cards enable simplified management of sets of Job Title Rates.

Use Rate Cards to generate project pricing and track actuals.

A typical use case is to use a Rate Card to store hourly rates defined in Customer contracts. Select the relevant Rate Card for a customer's Projects, and relevant Billing Rates will be automatically applied to resources with matching Job Titles to calculate accurate Expected and Actual Revenues.

A Rate Card can have multiple date-effective Versions, and can apply changes in Billing Rates over time as the Project progresses.

 

Note: Cost rates are not included in Rate Cards.

Pre-Requisite: Date Effective Rates system setting must be enabled.

 

Benefits

For Project Managers

  • Easy management of collective rates across multiple customers and Projects
  • Use correct agreed Rates for Project Quote generation
  • Track contract burn (budget consumption) of Actual Revenues
  • Understand when new Job Titles have been added and take action to update customers on the changes
  • Plan ahead with date-effective rate card versions

For Financial Users

  • Create Customer-specific Rate Cards
  • Rate Card Management
    • Easily add Job Title and Rates to a Rate Card
    • Amend a Rate Card’s rates with Rate Card Versions
    • Add newly defined Job Titles to existing Rate Cards

How it Works

To enable this feature, you must first Enable Rate Cards in system settings.

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A new Rate Cards module is accessible from the navigation menu.

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Open a Rate Card to see more details, add Job Titles, and add date-effective versions.

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Manage Rate Cards in a Project

The Rate Cards in the Projects view

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In the Project's Pricing and Rates panel, you can now see rates coming in from the Rate Card.

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Select All Rate Card Rates to view related Job Titles for a specific Rate Card Version.

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Select Unused Rate Card Rates to see which rates are not in use for the Project.

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Configurations

Rates and Rate Cards are configurable, so you can customize which fields exist on the Rate and Rate Card objects, as well as create rules.

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