The new field, Calculated Total Amount (LCY), has been added to the Contract Header in the latest release of Parrot. This field displays the expected amount of the next invoice in the local currency (LCY).
The addition of the Calculated Total Amount (LCY) field on the Contract Header provides valuable insights into the expected amounts for upcoming invoices. By utilizing this field for filtering and sorting, users can better manage and predict financial outcomes, aiding in more informed decision-making and efficient contract management.
For example, this can be used when a financial analyst wants to predict cash flow for the next month.
And by sorting contracts based on the Calculated Total Amount (LCY), the analyst can also identify which contracts will contribute the most to the upcoming invoicing period.
Find out more about this and other functions in Parrot here.
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