| 00:00 - 00:05 | So in August 2018 PRG acquired VER |
| 00:05 - 00:07 | VER was one of PRG's biggest competitors |
| 00:07 - 00:10 | VER was a failiure |
| 00:11 - 00:16 | So naturally you would think PRG would abandon VER's business practices |
| 00:17 - 00:21 | Instead PRG is becoming VER |
| 00:21 - 00:24 | Project accounting? No more |
| 00:29 - 00:31 | They can't track cost |
| 00:31 - 00:34 | TEAM? No more |
| 00:37 - 00:40 | REV is the future |
| 00:41 - 00:47 | Instead of using the 3 digit market codes for the P&L |
| 00:47 - 00:50 | They created new companies for the markets |
| 00:50 - 00:56 | But still reported everything based on the 3 digit codes |
| 00:57 - 00:59 | all mapped in excel |
| 00:59 - 01:01 | on a spreadsheet! |
| 01:04 - 01:06 | This is the best one.. |
| 01:06 - 01:10 | The December 2018 VER balances |
| 01:13 - 01:14 | sitting in 11i |
| 01:14 - 01:16 | guess how long it took |
| 01:16 - 01:20 | to upload the balances into fusion? |
| 01:21 - 01:27 | 3 months? 6 months? Longer! |
| 01:35 - 01:36 | Not unntil January 2020 |
| 01:36 - 01:39 | During year end close! |
| 01:41 - 01:44 | But now it's 2020, time to put 2019 behind us |
| 01:44 - 01:47 | big changes coming |
| 01:47 - 01:49 | But the year already started |
| 01:50 - 01:53 | and nothings changed |
| 01:54 - 01:56 | Still billing out of the markets |
| 01:56 - 01:58 | using both TEAM and REV |
| 01:58 - 02:02 | and the gear charge, you're gonna love this |
| 02:05 - 02:07 | it was never in Fusion |
| 02:09 - 02:11 | it was a flat percentage |
| 02:10 - 02:13 | accross the board |
| 02:15 - 02:17 | So halfway through 2019 |
| 02:17 - 02:20 | they did away with it |
| 02:21 - 02:28 | Now in 2020, it's coming back |
| 02:28 - 02:29 | The made up charge? |
| 02:29 - 02:32 | Yup, still made up |
| 02:36 - 02:39 | You can't make this stuff up |
| 02:40 - 02:42 | They auditors are going to be here next month |
| 02:50 - 02:55 | That's going to be less funny |
| 02:57 - 02:58 | We don't have anything |
| 02:58 - 03:04 | they're asking for, it doesn't exist. |
| 03:04 - 03:09 | If they thought 2018 was bad.. |
| 03:09 - 03:11 | they're in for a treat. |
| 03:16 - 03:20 | The 2019 audit is going to be a doozy |
| 03:23 - 03:26 | I wish them luck! |
| 03:30 - 03:36 | Good luck to us all! |
