Customer Story

Quality Innovative Systems, Inc. Announces the Implementation of Oracle JD Edwards Real Estate Module Software Enhancements at Boston Properties

QIS Flexible Calculation Module Utilized to Maintain Complex Billing Calculation Rules

(Paragould, Arkansas – Monday, April 11, 2011) – Quality Innovative Systems, Inc. (QIS), a Gold member of the Oracle^® PartnerNetwork and an experienced customer care and billing software provider for Oracle’s JD Edwards EnterpriseOne customers, announced today they will be implementing the QI Flexible Calculation Module (QI FCM™) at Boston Properties, Inc., a real estate development and property management company located in Boston, Massachusetts.

“The Flexible Calculation Module (QI FCM) is a strategic component of our Property Management Plus enhancement (QI PMP™) and is designed to help companies like Boston Properties with the set-up and maintenance of complicated billing requirements or rules”, said Donnie Law, President of QIS.  “The FCM is an EnterpriseOne system-wide enhancement that gives customers across all industries the ability to account for all formula calculation requirements.  Our customers are finding uses for the FCM in finance, distribution, manufacturing, inventory, HR/Payroll, and IT. ” 

According to Mr. Law, most EnterpriseOne customers face the challenge of maintaining billing rules, with some billing rules being very complex requiring variables from multiple data sources.  Real estate companies like Boston Properties have tenants leasing properties where no two leases are alike.  A lease requires a tenant to pay rent, and in some cases a prorated share of overall common property expenses.  However, leases differ from tenant to tenant because of the type of property, type of tenant, location or region, property owner, expense participation, term of the lease, and more.

“QI Systems’ Flexible Calculation Module (QI FCM™) has enabled us to simplify the setup and maintenance of complex billing rules. What used to be maintained outside of the system is now maintained inside EnterpriseOne with QI FCM”, says Brian Lord, Manager of Corporate Systems for Boston Properties, Inc.  “We now have a flexible, centralized data entry system that gives us the ability to accommodate any formula calculation scenario.  Other immediate expected benefits from using the QI FCM include a 40% reduction in person hours to process all of our billing rules and improved reporting capabilities.”

QI FCM™ is a powerful Microsoft® Excel like scripting language tool that allows users to calculate any and all formulas related to billing rules using IF, THEN, or ELSE statements, without having to get time constrained IT resources involved or having to program hard code inside EnterpriseOne.  If a user knows Excel they can easily make valuable use of the QI FCM.

In a partnership with Boston Properties QIS is developing a new Investment Portfolio Management enhancement for the EnterpriseOne Real Estate Module.  One of the main features will include the set-up and maintenance of Amortization Schedules inside EnterpriseOne.  

“I am excited about our partnership with QI Systems, Inc. and the potential for their Flexible Calculation Module (QI FCM™) to dynamically generate amortization schedules that pass through as vouchers in our accounts payable system”, says Dave Pigott, Vice President of Application Development for Boston Properties, Inc.  “Currently these schedules are maintained off-line and journal entries are required to properly allocate principal and interest.  I believe the enhancements we are creating with QI Systems will also benefit JD Edwards EnterpriseOne customers in other industries.”

What makes the QI PMP different from its competition is that it is uniquely built with the Flexible Calculation Module (QI FCM™), a trademarked and patent pending technology developed by QIS.  QI FCM allows an Oracle JD Edwards EnterpriseOne customer to leverage their existing core modules and turns their investment into a more robust and comprehensive billing and calculation system.