Introducing Tempo Folio 10.3 | Gain better control of your budget tracking in JIRA

We are happy to introduce the Tempo Folio 10.3 release for JIRA. This release focuses on giving PMOs and executives better control of their budget tracking in JIRA. The new features from our 10.2 release had enterprises in mind and addressed the problem of organizing many projects and tracking costs across multiple teams.

This release builds upon that and especially benefits companies with multiple locations and working in many currencies with our new centralized exchange rates.

We’re also always adding even more time-saving features, because we know how important your time is and that no one wants to spend unnecessary time setting up and tracking their budget. As a result, we’ve added the ability to copy rows in your folio and import custom fields from one folio to another.

Now let’s get into the details.

Centralized exchange rates

 

Tempo Folio | centralized exchange rates graphic

One thing that’s been highly requested is an exchange rate tool centralized within Tempo Folio. It’s becoming more and more common for even smaller companies to have operations in more than one country, whether it be multiple locations, working with contractors, or simply conducting business internationally.

It’s extremely important to have better control of the exchange rates in Tempo Folio, so the costs of your projects don’t fluctuate every day due to folios using other currencies and having the exchange rate pushed every day. Now you can better control the cost of your portfolios and add as many exchange rates as you like. You can also define a date from which they’re active.

To set up exchange rates, go into your global configuration and click custom exchange rates on the righthand side. From there you can add exchange rates from any currency and define effective dates and specific time periods.

You can also easily hide your list of exchange rates, by clicking close, and see them again by clicking “manage exchange rates”. On the left hand side, you will see an icon with the currency from which you’re exchanging and all exchange rates from that currency will be filed there.

 

Tip: A great way to utilize this feature is if you have staff members getting paid in a different currency. In this case, you can simply create an exchange rate at the end of each month, or the date that the salaries are paid. This way you don’t have the costs of those staff members changing daily, since they’re only paid once a month and only the number on that date is relevant to the cost of your folio.

 

Copy rows in your budget

Tempo Folio | copy row graphic

We often have the same expense, or a very similar one, occur more than once in a project or specific budget. It’s now possible to copy any row within the costs or revenues sections of your folio, from both the planned and actual tabs. The only rows you can’t copy are those of individual JIRA users.

From any of the previously mentioned pages, select the item you’d like to copy and simply click the copy icon as you can see below.

Tempo Folio | Copy Rows

Once you’ve done that, a window will pop up. If you need to change something here, you can, otherwise, just click copy and that row will show up.

Tempo Folio | Copy Row Window

Import custom fields

 

Tempo Folio | import custom fields graphic

Another great time-saving feature that we added is the ability to import custom fields from one folio to another. If you often use the same custom fields over and over, this feature is for you. Now all you need to do is go into the folio’s configuration and click on custom fields and then import custom fields.

Tempo Folio | import custom fields

Then choose the folio from which you’d like to import the custom fields, and click import. It’s as simple as that.

Tempo Folio | Import Custom Fields Window

Other improvements 

We’ve also made a couple more minor improvements that I’d like to share.

New icons

One other great thing we did is make some more enhancements to the UI. Now when you’re in the staff, costs, or revenues section, you’ll see some really nifty icons above the rows of items. These icons all represent actions, which you can see when hovering over them. These icons save space and improve the overall look and feel of those screens.

Tempo Folio | New Icons

Time based issue cost report

You can now also view your Issue Cost Report based on a specific period of time like the other available reports. This makes your reporting even more flexible and customizable.

Tempo Folio | Issue Costs Report

If you’re interested in more detailed information, read the release notes here. Upgrading Tempo Folio is free for all customers with an active license. If you’re a new customer, you can purchase or evaluate Tempo Folio for free.

Try for free

We really hope you enjoy the new features!

Get Started with Tempo

Tempo Folio integrates with our other solutions including Tempo Timesheets for painless time tracking and reporting, and Tempo Planner for resource and capacity planning in JIRA.

Get Started With Tempo Folio

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Marta Schluneger
Marta is the product marketing manager for the Tempo Ecosystem. When not writing, promoting, and optimizing she enjoys running with her dog and drawing imaginary animals.

7 Responses

  1. Rob Olmos says:

    Is Tempo Folio available in JIRA Cloud?

  2. Jose Garcia says:

    When looking at the issue cost report and selecting only Epics, it looks like the costs of the issues associated to the Epic are not rolled up; is that something that will be supported in the future, or could I be missing something?

    • Marta Schluneger Marta Schluneger says:

      Hi Jose. Thanks for getting in contact with us. Unfortunately we do not support roll up in the issue costs report and it is not on our roadmap to do so.

  3. […] JIRA. We started this journey a little earlier with our centralized exchange rates, introduced in Tempo Folio 10.3, but we wanted to do it even […]

  4. Jiri Hochman says:

    How to manage /capture different Expenses’ currencies in one folio/project?

    • Bjarki Bjarki says:

      Hi Jiri,

      When you are planning an expense in Budgets you can select the currency for that particular cost and it will be added. If you’re adding an expense that is different from the one selected in the folio configuration the expense will appear in the folio with a star “*” behind it. So if your default cost currency is $USD and you log an expense for equipment for $1000. It will appear as 1000. If you however log an additional cost for travel in EUR (€) or 800. It will appear as 800*. The star symbols symbols that this expense has been added in a different currency from the default currency.

      If you want to go a step further you can also add exchange rates to your global configuration so the costs appear in the exchange rate. You can learn more about the exchange rates right here: https://tempoplugin.jira.com/wiki/spaces/TF/pages/212239701/Exchange+Rates

      If you have any further question, please don’t hesitate to contact our Help Desk team right here: https://support.tempo.io/hc/en-us/requests/new and they’ll answer you as soon as possible.

      Best regards,
      Bjarki

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