Introducing Tempo Folio 7.3: Project and Portfolio Financial Management for JIRA

Back in December, we announced that Tempo and Folio for JIRA were joining forces. Today, we’re thrilled to introduce Tempo Folio 7.3, which includes new branding with a new logo, as well as the first steps towards full Tempo product integration to provide execution-level PPM Tempo product line for enhanced planning, tracking, and strategic decision making.

TEMPO-Folio-logo

Tempo Folio includes the full Folio solution you’ve come to know and love (from the creators of GreenHopper, now JIRA Agile, and the winners of the Atlassian Codegeist competition in 2013), plus some new features and improvements for better planning, budgeting, and tracking of your organizational resources, including people, time, and and financials.

We’re well underway with our integration roadmap, and are excited to roll out additional integrations with the full Tempo product suite soon:

  • Timesheets: Billed Hours
  • Tempo Working Days
  • Unified Navigation
  • Unified Configurations (in progress)
  • Tempo Teams and Programs (in progress)
  • Tempo Accounts and Customers (in progress)
  • Tempo Planner Allocations (in progress)

Key highlights and benefits of this release include:

1.  Easy Access to Tempo Folio from the Tempo Navigation

Tempo Folio’s drop-down has been integrated into Tempo’s main navigation menu for easy access. In Folio 7.2 and its earlier releases, it is located under “Financials” from the JIRA navigation menu. Your folios and portfolios can now be accessed under Tempo, in addition to other Tempo products you may be using, such as Tempo Timesheets and Tempo Planner.

tempo-folio-7.3-new-navigation

2. Sync Up Tempo’s Workload and Holiday Schemes at the Configuration, Team Member, and Folio Levels for Better Time Management

Previously (and in versions 7.2 and earlier), JIRA worklog information could automatically be reflected if the ‘Synchronise with JIRA Worklogs’ option was selected from the Working Days and Hours tab in a folio’s configuration, and if you were also using Tempo Timesheets, this would indirectly be aggregated as part of the JIRA worklog information.

Now you can designate Tempo Workload and Holiday schemes at the configuration, team member, or folio level to determine non-working days of the people working on your folios, to more easily and centrally plan and manage team member workloads and track JIRA worklog information on your folios.

Workload schemes in Tempo help you determine which days of the week are to be worked and the number of hours that are to be worked on each of those days.

Holiday schemes in Tempo let you designate the fixed and floating holidays observed locally. These are especially helpful if you have distributed teams with varying workdays and recognized days off; the custom schemes are reflected throughout Tempo’s products, including Tempo Timesheets’ timesheet views, Tempo Planner’s timeline views, and now with Tempo Folio’s team allocation and workloads designated when folios are created.

a.  Configuration at the Add-on Level

Designating Workload and Holiday Schemes on the Tempo Folio configuration level gives you two key advantages:

  • Avoiding the duplication of efforts involved in defining non-working days, especially if you are using other Tempo products, saves time and money.
  • Centralizing the process of how and where non-working days for all folios are managed gives you peace of mind.
  • Establishing centrally the weekly work schedules for your company makes team and organizational management much easier.

tempo-folio-7.3-configure-working-days-add-on

b.  Configuration at the Folio Level

Workload and Holiday schemes can now be designated on the folio level to give you more granular management over when your folio team members will be working on the designated project.

Select the preferred schemes (or create new ones) from the Create Folio dialog, and you’re done.

tempo-folio-7.3-configure-working-days

You can also create default Workload and Holiday schemes, which will be used as a default for all folio members if no additional schemes have been designated.  These schemes will be pre-selected when adding new team members to a folio.

tempo-folio-7.3-create-folio-dialog

c.  Configuration at the Team Member Level

For even more granular management of team member working and vacation days, and to manage exceptional cases, you can establish Workload and Holiday schemes at the team member level when adding members to a folio.

tempo-folio-add-team-member-dialog

This will be used by default to compute their availability and hours to be worked (if not synchronized using the ‘Synchronize with JIRA Worklogs’ option at the add-on configuration level.

tempo-folio-7.3-team-member-default-schedule

d.  What About Using Time Tracking Data for Billing?

If you’re a professional services business that invoices customers, you can sync up Tempo Folio and Tempo Timesheets worklog information for your customer accounts and projects (and folios) to track, report, and bill your clients.

We’re working on further integrations with Tempo Accounts — stay tuned!

3.  Plan Your Human Resources as Capital Expenditures

Until this release, you could already track actual human resources cost as capital expenditures. Now, you can plan these costs as CAPEX as well.

tempo-folio-plan-capital-position

This enables you to build more detailed budgets by breaking down human resources costs and getting a more precise picture of planned versus actuals in reports when comparing your expenses by category.

tempo-folio-7.3-capex-human-resources

4.  Easily Accessible Portfolio Data at a Glance

We’ve added a new risk indicator has been added to the portfolio overview page to let you know if any folios contained in one of your portfolios are behind schedule. This is particularly helpful if you’re using folios without Earned Value Management (EVM), as they do not include Schedule Performance Indices to help you calculate risks in real-time; the new risk indicators close this gap.

tempo-folio-7.3-portfolio-risk-indicator

5.  Tempo Spricht Deutsch (Tempo Now Speaks German!)

Tempo Folio has been fully translated into German. This is a major new addition, and we’re thrilled to provide easy access to project and portfolio financial management using Agile Earned Value Management (EVM) techniques or, if preferred, traditional cost reporting, to our German-speaking customers. (FYI: Tempo Folio also speaks French).

You can view the full Tempo Folio 7.3 release notes in our documentation pages.

Tempo Folio is built for businesses of all sizes, from small startups to large-scale distributed enterprises, with JIRA Data Center compatibility, granular visibility controls, cross-project and portfolio-level views, and a robust API for custom integration, among other features.

https://youtu.be/KJq6ZHEfMPo

 

Promotion: 20% Off Tempo Folio Licenses

To celebrate this new launch, we’re offering a 20% discount on all Tempo Folio licenses through May 31, 2015. You can start with a free 30-day evaluation. Get started and transform your project and portfolio management today.

Get 20% Off Tempo Folio

Get Started with Tempo Folio for JIRA

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Jessie
Jessie is a New York transplant living in Reykjavík. Her motto is #ABL—always be learning— and having some fun along the way. As the head of marketing, communications & legal initiatives at Tempo, Jessie thinking about storytelling, building a strong brand, growth, teamwork, and grit.

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