Transaction control in Oracle Fusion Project Portfolio Management (PPM) refers to the management and control of transactions related to projects and their associated financial and non-financial activities. Oracle Fusion PPM is a comprehensive solution that enables organizations to plan, manage, and control projects and portfolios, ensuring efficient utilization of resources, effective risk management, and optimal financial performance.

Here are some key aspects of transaction control in Oracle Fusion PPM:

1. Budget Control: Enables organizations to set and manage project budgets. It provides features like budget baselines, revisions, and budgetary control to ensure that the project does not exceed its financial boundaries.

2. Cost Control: Assists in tracking and managing costs associated with projects. Cost transactions can be imported from external systems or entered directly into Oracle Fusion PPM. Various reports and dashboards provide insights into cost trends and variances.

3. Billing and Revenue Recognition: Helps in generating customer invoices based on the work completed or milestones achieved. Revenue can be recognized based on different criteria, ensuring compliance with accounting standards.

4. Time and Labor Management: Allows team members to submit their timesheets, which can then be approved by managers. This information is crucial for billing clients and calculating project costs.

5. Integration with Financial Modules: Oracle Fusion PPM integrates seamlessly with other Oracle Fusion Applications, like Financials, which ensures that all project-related financial transactions are accurately reflected in the organization’s books.

6. Audit and Compliance: Provides robust audit trails for all transactions, ensuring compliance with internal policies and external regulations.

7. Change Management: Allows managers to capture and manage changes that can impact project timelines and budgets. This includes scope changes, change orders, and other unforeseen events.

8. Approval Workflows: Customizable workflows can be set up to ensure that all transactions go through the necessary approval processes.