The new 10.2 release for Tempo Folio for JIRA addresses issues common in portfolio management for enterprises dealing with hundreds of projects at one time and benefits users overseeing that data from the top down. The result is an even more customizable Tempo Folio with improved portfolio organization to more easily manage numerous projects. We've also introduced the ability to insert planned revenue based on planned costs, because we know how valuable your time is. And, last but not least, we've integrated with Tempo Accounts, which is much more efficient and less prone to error than labels.
Improved Portfolio Organization
Some companies have hundreds of projects going on at one time. For project managers overseeing many projects or C-levels in charge of aggregating that data, it became difficult to sort through everything and find exactly what they're looking for. We’re always on the lookout for ways to make things simpler and save time, so you can focus on driving your business and its projects, without hitting too many bumps along the way.
When you go into the manage portfolio’s screen, you can now simply drag and drop custom portfolios from one to another. You can also create as many layers to your portfolio tree as you like, just as you can with your files and documents on your computer.
Note: Since dynamic portfolios are made up of projects fulfilling a particular criteria, you cannot drag other portfolios into them.
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Insert planned revenue based on planned costs
Another feature that can save a lot of time is the ability to insert planned revenue based on planned costs. Before, if a user wanted to track the revenue of a particular project, they had to insert the planned revenues separately, even if much of that information was already populated in the costs section.
You can now say goodbye to all that extra busy work. When you’re in the revenues section in the planned tab, you can choose to insert planned revenues based on planned costs.
Once you’ve done this, all that’s necessary is to add a markup and choose a baseline, and Tempo Folio will automatically populate your planned revenues section. It will also automatically categorize your revenue as operating or non-operating depending on how they are categorized in the planned costs section.
Tempo Accounts integration
Another highly requested feature was to integrate Tempo Folio with Tempo Accounts. In case you’re not familiar Tempo Accounts, it provides a convenient way to analyze and capture high-level information of all work performed across your business and also extends our Tempo Timesheets.
The benefit of this is to easily mark work logs as capex without having to use labels. Labels were prone to error and often typed in wrong, causing problems down the line.
If you have an account set up within Tempo Accounts and linked to a JIRA project associated with your folio, then you can simply go into the folio’s configuration by clicking the folio drop down menu in the top right corner. Once you’re in the configure screen, choose accounting in the list on the left and click “synchronize” with Accounts as shown in this screenshot:
After you’ve synchronized your folio with Tempo Accounts, all worked hours on issues associated with a Tempo Account that is set as "Capex" will create a capital expenditure in your folio.
For more information on setting up accounts, see our documentation.
More portfolio reports
On top of all that, we’ve also added a couple of new portfolio reports. The first is the profitability report, which presents periodic profitability for selected expenses and revenues at the portfolio level.
The second new portfolio report is the budget variance report, which presents the budget versus actual variance, broken down by roles and types.
Being able to get even more information and be able to create many kinds of reports on the portfolio level allows project managers, PMOs and C-levels to more efficiently aggregate data on a high level and jump through less hoops to find exactly what they’re looking for.
Webinar: Tempo Folio for Enterprises
Interested in getting a live demo of the new features in Tempo Folio 10.2 and how they benefit large enterprises? We will be hosting a webinar on Wednesday the 24th of February at 4pm GMT/ 11am EST/ 8am PST. If you’re unable to make it, don't worry, we’ll send a recording to everyone who signed up.
The webinar will consist of a short introduction into the benefits of Tempo Folio and go into the new features from this release and discuss how they benefit large scale enterprises especially. We’ll then shortly go over what’s on our roadmap for the future and have a live Q&A session.