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In this session, you will learn the basics of internal orders. These high flexible tools within CO are often ignored by consultants and users alike as they appear esoteric. Once you learn the basics, they offer broad functionality for planning, budgeting, cost and revenue analysis. You will also learn the critical configuration to make the functionality work for your company. You will have the opportunity to see an end user example of how internal orders provided a standard solution for assets under construction as opposed to the custom solution the end users envisaged. Discover how CO order budgeting integrates with internal orders. And you will find out how to optimize cost center and internal order planning, as well as leverage the integration for effective reporting and analysis. Don't miss this opportunity to get best practices for order and summarization hierarchies. You will also find out how to control costs with order control and module integration using commitment management. You will:

• Explore the basic internal order configuration.
• See the settlement of an internal order to an asset under construction.
• Review the standard reporting options for internal orders.
• Discover the use of internal order hierarchies to support reporting.
• Learn more about the use of internal orders for planning.