Oracle Financials Globalization

E-Business Suite Release 12.1 and beyond

Jacques Bouchet
Applications Global Strategy
 The World is Changing Like Never Before
The E7 will be 25% larger than the G7 by 2050 in terms of market exchange
rate (MER), or 75% larger in terms of purchasing power parity (PPP).

Relative Size of G7 and E7 Economies BUSINESS IMPLICATIONS

120 000 Companies must compete in

G7 E7 local markets with localized
100 000 solutions.
$ Billions (2004 Real Values)

80 000
• Statutory financial reporting
60 000
• Local tax
40 000 • Local valuation and costing
• Local accounting
20 000
• Local statutory reporting
0 • Local payments
2005 2050 2005 2050
MER MER PPP PPP

PriceWaterhouseCoopers, “The World in 2050”

Doing Business Globally is Complex
Top Drivers of Complexity
1 National and International Laws & Regulations
2 Actions by Competitors
3 Changing Customer Requirements
4 Industry Standards and Regulations
5 Tax Codes
6 Changing Workforce Attitudes
7 International Reporting Standards
8 Language and Cultural Differences
Direct impact on Finance
Source: PWC, 9th Annual Global CEO Survey
Globalization is unstoppable.
Regardless of geography, industry or
income, companies are globalizing to
gain new customers and access new
markets. Is this a good thing? Nearly
two-thirds of the CEOs we surveyed
are positive about the impact that
globalization will have on their
organizations over the next three
years.
Source: 9th Annual Global CEO Survey –
Globalization and Complexity; PwC 2006
Today’s CFO Agenda
GLOBALIZATION
…Today’s workforce,
customers, suppliers, and
competitors have all become
global
INNOVATION AND GROWTH
… Not just any growth, but
growth that creates value
COMPLEXITY AND COSTS
… Globalization brings
complexity with it, and
unnecessary complexity
drives up costs
GOVERNANCE, RISK &
COMPLIANCE
…Companies are under
pressure to do more than
just meet the letter of the
law
 Meet the Challenges of Globalization
Oracle’s Globalization Solution
Oracle
Requirement Solution Capabilities

Extend core • Standards-based business

business platform
Manage business
processes and • Native global platform
systems globally
international • Extensible Business
support Objects

• Global financial engines

Ensure compliance • eBTax
Drive compliant
and adapt quickly to • BI Publisher
business processes
regulatory change • Subledger Accounting
• Payment Engine
Comply with • Localizations
local business Deploy country- • Translations
practices, rules, specific capabilities
and regulations • User-definable options
 <Insert Picture Here>

Release Twelve
The Global Business Release:
A New Financial Architecture
Global Business Release
Oracle’s Globalization Solution
Localizations • Localizations: Comply
with local business
practices, rules, and
regulations

Applications
• Applications: Deliver best
Financial Human Capital Supply Chain
…
practice business
Management Management Management processes

Global Architecture • Global Architecture:

Legal
Subledger Tax Inter Payments Multi Org
Adapt quickly to changing
Entities global requirements
Accounting Engine Company Engine Access
Ledgers

Global Platform • Global Platform: Extend

core business processes
Common Information Model and international support
Data BI
Languages SOA AIA
Formats Publisher
Localizations Delivery Model
Oracle’s Globalization Solution
Localizations

Product Localizations *
Delivered in product, by
Development organization
Applications
Financial Human Capital Supply Chain
… Add-on Localizations *
Management Management Management
Delivered via Metalink, by
Global Architecture Regional Field Centers

Accounting Bank Payments Tax

Ledgers MDM
Engine Model Engine Engine
Partner Localizations
Global Platform Delivered by Partners

Common Information Model

Data
Languages Reporting SOA AIA * Included in standard product license
Formats
 Global Architecture Overview

• This presentation: focused on

• Architecture Content
• Localization coverage
• Not covering:
• Over 300 new features in Release 12.0
• Additional 270 features in Release 12.1
• 9 new products in Release 12.1
• Analytics
• Fusion Middleware
 Global Financial Architecture

7 Major Initiatives
1. Legal Entities General
Ledger Ledger Sets
& Ledger
Ledger and
Ledger Sets
Dr Cr
2. Subledger Subledger Accounting (SLA)
Accounting
3. Tax Engine Tax Inter Bank
Engine Company
Model
4. Intercompany
5. Bank Model
6. Multi-Org Multi--Org
Multi
Access Access
Control Control
Inventory Receivables Projects
7. BI Publisher
Work in Process Purchasing Payables
 <Insert Picture Here>

Legal Entities
 Legal Entity: Your Registered Companies

Holding
Company

Beijing Oracle OARDC

Software system Beijing

Hangzhou Office Guangzhou Office Shanghai Office

(Registered Branch) (Registered Branch) (Registered Branch)

OARDC
Shanghai team
Legal Entities
Registered Branches
Locations
LEs: Why and What?

Why We Care What we’ve done

• LEs pay the taxes • Addresses, Officers, etc.

- need tax registrations
• Enabled First Party
• Trade between LEs stamp
needs intercompany
• Added Establishments:
• LEs own the money map Registrations to
and bank accounts Authorities
• LEs file the accounts, • GRE/LE not touched
take care of accounting
• Authorities as TCA
• LEs comply with parties
whatever needs
compliance: “legal” in LE • LE Configurator
 Where LE fits in…
Transaction Actual Registered Business
Taxes - Companies, etc. Group
Complies &
Files, Pays GRE/LE
Maintains Et Cetera, 11i
Registrations Files
Legal its Subledger
Documents Operating
with Authorities
Entity in many OUs
Default Legal
Units
Exists
Locally Context (DLC)
Accounts
for itself
Establishments in a Ledger
or BSVs
Files Legal Entity:
Registrations Ledger
Vehicle for compliance
with Authorities
 Get the LE right - compliance falls into place

Transaction Actual
Let’s Registered
put LEs to work Business
Taxes - Companies, etc. Group
• Isolate legal compliance from management needs
Complies &
• Track your registered companies
Files, Pays GRE/LE
• Make your compliance flow more easily
Maintains Et Cetera, 11i
Accounting
Registrations Files
Legal
Setup Manager its Subledger
Documents Operating
Assign books, bookkeeping rules and currency management
with Authorities
Entity
to your registered companies
in many OUs
Default Legal
Units
Exists Tax
EBusiness
Locally Context (DLC)
Have your registered companies
Accounts calculate, file, and pay the
transaction taxes they
for owe
itself
Intercompany in a Ledger
Establishments
Do business between or and
BSVs across your registered companies
with full legal documentation
Files
Bank Model
Legal Entity:
Registrations Have your registered Ledger
companies use their money to pay
their bills, et cetera
Vehicle for compliance
with Authorities
 <Insert Picture Here>

Ledger Sets
 Ledger Sets
Global Information At A Glance
Share:
Ledger Set Chart of Accounts
Calendar

Ledger C

US GAAP
US COA
Ledger A Ledger B US Calendar
French Rules US GAAP USD
Plan Comptable US COA
French Calendar US Calendar
EUR EUR Ledger D
US GAAP
US COA
US Calendar
AUD
Key benefits to many Ledgers in one set
• Decision-
Decision-driving business information always available
• Simpler processing and General Ledger management
• Data and definitions that can be shared and secured Reporting Currency
 Currency in Twelve
• Transaction Currencies
• Accounting Currency in Primary Ledger
• Reporting Currency in Primary Ledger
• More Accounting Currencies in Secondary Ledgers
• For every transaction OR
• For SLA Posting level / GL activity level
• Balance level Translation or Remeasurement in
Ledgers – within Ledger sets, run at one click
• Balance & Activity level Translation or
Remeasurement in Financial Consolidation Hub
• Enhanced Revaluation
• [Functional Currency term dropped: conflicts with IAS 21 / FAS 52]
 Ledger Sets – Work them your way
Management
Ledger Set
Corporate
US Ledger Set Ledger Set
Legal Ledger Legal Ledger Legal Ledger Adjustment
US1 US2 US3 Ledger US
adjustments
eliminations
UK Ledger Set
Legal Ledger Legal Ledger Adjustment Adj Ledger
UK1 UK2 Ledger UK Corporate

• Automate GAAP / IAS • Set of 26 Ledgers in one country

adjustments in an adjusting ledger
• Euro Zone in One Ledger Set
• Eliminate within a Set with GCS
• My Corporate Set in US GAAP
• Consolidate Formally in FCH
• Statutory Set for Country Y Subs
• Map from a non-conforming COA
with a GCS Ledger • Division X Worldwide Ledger Set
 Data Access, Definition Access
• Data Access Sets
• Grant and tailor access to Ledgers and Balancing Segment
Values (i.e. Companies, Stores, Branches, etc.)
Privileges

View Write
GL Manager Accountant
France Ledger

Canada Ledger

US Ledger

• Definition Access Sets – separate from data security

• Share, restrict definitions; privileges to view, modify, etc.
 <Insert Picture Here>

SubLedger Accounting
Centralized Set-up
Accounting Setup Manager

Define Legal Entities

& Associated Rules
Ensure Complete
& Accurate
Setup via Online Checklist

Define Multiple Ledgers One Place to manage

for Rules & Currencies Your Global Accounting
Rules, Currencies,
Ledgers,
Set Accounting Rules And Ledger Sets
for All EBS Apps
 Centralized Accounting Policies
Greater Control, Transparency and Auditability

• Internal control and

compliance with multiple
accounting policies through
General
GeneralLedger
Ledger
user-defined accounting rules
3rd Party • Single source of truth for all
Systems
subsystem accounting
Dr Cr Centralized Accounting Model,
activity with a common data
Rules, Engine and Repository model and repository
• Accounting, reconciliation
and reporting facilitated by
centralized data model
• Streamline closing process
Inventory Receivables Projects
with common posting engine
3rd Party
Systems
• Auditable and transparent
Work in Process Purchasing Payables entries accessible with full
drilldown
Subledger Accounting
Centralized Rules, Common Repository: Global Control

Ledger What it is Some Benefits

French Rules
Plan Comptable • Accounting Rules • Faster, Easier
French Calendar • SarBox & 8th Dir. Reconciliation
EUR • User Editable • Corporate Rules =
• Subledger Daybooks Accounting
(Journals) Standardization
Dr Cr • Subledger Balancing • Local Rules =
• Reports, inquiries, open Improved Local
Subledger items, et cetera Compliance
Accounting • Multiple • Automate “Apples to
Representations Apples” Adjustments
• Common Posting to GL • Improved Audit-
Ledgers ability
• Real time or Periodic • Improved Internal
Control
Payables Invoice
 Subledger Accounting
Transaction Level Compliance
• National Daily Journal Requirements
• Internal Control: Central Definitions, Eliminate overrides
• Policy Enforcement in Volume Processing
• Transparent Accounting Rules
• Debits & Credit at the point of the event
• Automate Foreign Operation adjustments
• Reconciliation Event Class: Invoices
Event: Invoice Approved
Platform Ledger: France (EUR)
GL Date: 20-Sep-2005
• “In accordance Description: Office supplies
Type Account Description Debit Credit
with the
Asset purchase 01.9100010.100 Paris: furniture 10,000
Underlying Misc expense 01.9100020.100 Paris: supplies 400
Misc expense 01.9100020.200 Nantes: supplies 100
Records” Misc expense 01.9100020.300 Nice: supplies 300
VAT 01.3100060.000 VAT@17% 1,836
Accounts Payable 01.7000010.000 ABC Supplies 12,636
12,636 12,636
Multiple Accounting Representations
Global Compliance – Statutory and Stock Market
Ledger A Ledger B Multiple Ledgers
French Rules US GAAP
Plan Comptable US COA
French Calendar US Calendar
EUR EUR

or
Dr Cr

Subledger
Accounting
Single subledger
transaction
can create multiple
accounting Chose to use an
representations alternative Ledger -
and in multiple or just an Adjustment
Payables Invoice
currencies Ledger or segment
 <Insert Picture Here>

EBusiness Tax
 Centralized Global Tax
Less Complex Global Tax Compliance
Business Needs Solution

• Tax content for certain countries

Automation • Vertex and Taxware integration for U.S.
• Integrity checks during setup process

Constant Changes in • Date effective setup

Tax Laws and • Tax rules flow for change or creating rules
Regulations • Tax simulator for setup, rules, and transactions

• Tax registrations and tax reporting codes

Local Compliance • Tax lines determine applicable taxes
• Configurable tax reporting templates

• Single set up for all Oracle applications

Information Visibility • Use of E-Business Suite components such as trading partner geography,
trading partner classification, legal entity, inventory item categorization,
and accounting event.
 Oracle E-Business Tax
Processing taxes for transactions and reporting

Transactions

Purchasing

Compliance, Assurance
Efficiency, Global Visibility
Parties
Single Interface for Transactions
Payables Places
Calculate
Determine Applicable Tax Status Taxable Tax
Products Regimes Taxes & Rate Basis Amount
Sales Orders
Processes
Transparent Integration with Tax Partner Services

Extensible
Service Oriented Architecture

Receivables
Tax Reports
… - PDF, HTML, RTF
- Security enabled
Tax
Transactions
Taxes,
Rules
 <Insert Picture Here>

Advanced Intercompany
AGIS
 Advanced Global Intercompany System
Address the Top Barrier to a Fast Close
Advanced Global
Intercompany
System Subledger
Web UI
Invoices &
Documents

Open
Interfaces /
API
 Generate subledger invoices Online
 Control transaction entry with Reconciliation
Excel Reporting
Intercompany Calendar
(Web ADI)
 Fully Configurable Approval Rules
 Flexible Security Model
 Centrally defined Intercompany XML
Accounts Publisher
Reports

Dr Cr

General Subledger
Ledger Accounting Receivables Payables
 <Insert Picture Here>

Banking Model
Payment Engine
Centralized Banking
Shared Services Disbursements
• Bank account is now
associated with LE entity
LE rather than Operating Unit
• Single bank account
OU A OU B OU C
serves multiple Operating
Units
• Any and all Operating
Units associated with a
ledger can be permitted to
Inventory Receivables Projects use the bank account

Plus
Work in Payables Assets
Process Purchasing

 Centralized Credit Card Model

 Credit Card Encryption
 Supplier & Customer Banks in TCA
Bank Model: Example of what you can do
Pay invoices from different OUs with 1 instruction
• New Payments Module
OU A
• New Bank Model
• New Bank & Credit Card
Features
OU B

OU C Single
Payment Bank Payments
Instruction

Sub Ledger
Accounting
Invoices
Banks
Define Owner of Bank Account

Legal Entity
Banks
Grant OU Access to Bank Account

Operating Units
 <Insert Picture Here>

Multi-Org
Access Control
MOAC: Multi-Org Access Control
Role based access to Operating Units

Perform multiple tasks across operating units

without changing responsibilities

Belgium Holland Denmark

Legal Entity Legal Entity Legal Entity Functional Tasks
 Order Management
 Dunning, Collections, Billing
Belgium Holland Denmark
 Requisition, Demand & Purchase Or
Operating Unit Operating Unit Operating Unit
 Receiving & Drop Ship
Responsibility
SingleResponsibility
Responsibility Responsibility  Invoice Receipt, Disbursement
 Customer Data Management
 Accounting Setup
 Multiple Organization Access Control
Summary of Changes

• Security Profiles for data security

• MO: Security Profile
• List of operating units for a responsibility
• Defined in HR
- OU field on UI
• all transactions
• setup data specific to OU, like transaction type
• Enhanced Multi-Org Reporting and Processing
• Ledger/Ledger Set parameter on accounting reports and processes
• OU parameter on other standard reports and processes
• For example: submit the Payables Open Interface Import w/OU
param null to import all records across all OUs
 Cross OU Reporting

• Enhanced Multi-Org Reporting

• Ledger/Ledger Set parameter on accounting reports and
processes
• OU parameter on other standard reports and processes
• Create XMLP Extracts & Templates that cross OU
• You can mix as many languages as you want.
• You can have templates translation extracted
• XMLP will merge the right language based on the user
locale (and the data).
• You can have the template with no text, and drive
everything from the xml data
• Beware of inconsistent definitions, currencies
 <Insert Picture Here>

New Standard
Reporting Paradigm
 BI Publisher
Enable Business Users to Format and Deliver Documents

Integrated Solution For:

• Formatting
• Managing
Invoices Checks
• Delivering
Your Business Documents

• Meet Business
Requirements XML Publisher
• Remove Complexity Labels Reports

• Reduce Maintenance Cost Destinations XML/EFT/EDI

• Reduce TCO

Integrate Out-of-the-Box with

R9 CRM, ESA, FMS, HCM, and SCM
 BI Publisher
Business Users Format and Deliver Documents

Data Sources XML Publisher Output Formats Destination

Oracle Publishing • Email
Applications Engine PDF HTML EDI
XML RTF XML Excel • Printer
CRM • Fax
Projects

FMS Order
Templates Letters
Confirmations
HCM
Fund Online
SCM Transfers Paychecks
Government
Bills
Business Grant Forms
Any XML
Data Source
User

Integrate Out-of-the-Box with Oracle Applications

The New Standard Reports Paradigm
BI Publisher and 835 Templates in the EBS
What’s Happening
• Replaces many standard
reports with data extracts
and templates
• Merges custom templates
and data extracts at run-time
• Delivers output in PDF,
HTML, RTF, Excel (HTML),
or text for use with EFT and
EDI transmissions
• Example
• 98 removed reports in JE/JG
• 19 Extracts, 86 Templates
Benefits
• Put reporting in the hands
of the business user
• Create report formats
using desktop tools
(Adobe Acrobat, MS Word,
MS Excel, and XML
Editors)
• Publish in any format, to
the web and electronically
• Drive reporting
consistency with one
source of data
 Financial Reporting with BI Publisher
More than 400 Modifiable Formats in Financials

Product Formats Product Formats

Assets 22 IT Audit 2
Cash 3 Loans 6
Collections 15 Payables 9
Common Modules 10 Payments 120
Financials
21 Public Sector 6
Consolidation Hub
General Ledger 14 Receivables 10
Subledger
Globalizations 92 17
Accounting
Internal Controls
25 Tax 23
Manager
 What the Architecture Gets You
• Work Globally Release 12 Subsidiary LEs….
• Global Procurement Company Company Company
• Global Billing
• Global Dunning …account for themselves in Ledgers, and…
• Manage Globally
• Global Set-up Ledger Set
• Global Ledger Sets
worldwide insight
manage their subledger data in Operating Units
• Global Reporting
• Comply Locally
Multi-
Multi-Org
• Statutory Accounting Access
Control
• Transaction Tax Inventory Receivables Projects

• Legal Entity processing

and reporting Work in Process Purchasing Payables
Data Management
Leveraging centralized data model

Global Tax Payments

Payables Cash
Purchasing Authorities, etc Party Management
Information Banks and
Suppliers
Branches

Trading
Community
Architecture

Oracle Fusion Middleware

ERP CRM 3rd Party

Comply Locally
Legislative Watch Process
• A team of domain experts from around the world monitor and analyze legal
and regulatory requirements

Legislative
Updates and MONITOR ANALYZE IMPLEMENT
Trends

•Provide input to
development
Customer planning process
Requirements
Applications Applications Development
Global Strategy Global Strategy
Oracle LOBs Explain how product
handles legal requirements
Localizations
Comply with Local Rules and Regulations
Argentina Finland Mexico Spain
Australia France Netherlands Sweden
Austria Germany New Zealand Switzerland
Belgium Greece Norway Taiwan
Brazil Hong Kong Peru Turkey
Bulgaria Hungary Poland UAE
Canada India Portugal Ukraine
Chile Ireland Romania United Kingdom
China Israel Russia United States
Colombia Italy Saudi Arabia Venezuela
Croatia Japan Singapore
Czech Republic Korea Slovakia
Denmark Kuwait South Africa
Oracle E-Business Suite is used in over 150 countries.
Localizations - EBS 12
Comply with Local Rules and Regulations
Argentina Finland Mexico Spain
Australia France Netherlands Sweden
Austria Germany New Zealand Switzerland
Belgium Greece Norway Taiwan
Brazil Hong Kong Peru Turkey
Bulgaria Hungary Poland UAE
Canada India Portugal Ukraine
Chile Ireland Romania United Kingdom
China Israel Russia United States
Colombia Italy Saudi Arabia Venezuela
Croatia Japan Singapore
Czech Republic Korea Slovakia
Denmark Kuwait South Africa
Oracle E-Business Suite is used in over 150 countries.
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Questions and Answers
 Fusion V1.x
Continued Investment
Hyperion
EPM 11.x
E-Business
Suite 12.x
E-Business PeopleSoft
Fusion V1
Suite 12.1 Enterprise 9.x
Hyperion EPM PeopleSoft E-Business JD Edwards
11.1.1 Enterprise 9.1 Suite 12.1.3 World A9.x
JD Edwards JD Edwards Agile PLM JD Edwards
E1 9.0 World A9.2 9.3.1 E1 9.x
E-Business Demantra 7.3 GTM 6.1 Demantra 7.x
Demantra 7.2
Suite 12 OTM 6.0 OTM 6.1 GTM/OTM 6.x
PeopleSoft Agile PLM Hyperion EPM
Agile PLM 9.3 Agile PLM 9.x
Enterprise 9.0 9.2.2.4 11.1.2
JD Edwards Agile PLM for Agile PLM for Siebel CRM 8.2 Agile PLM for
World A9.1 Process 5.2 Process 6 for Pub Sec Process 6.x
JD Edwards Siebel CRM CRM On Siebel CRM CRM On Siebel CRM
E1 8.12 8.0 Demand 15 8.1.1 Demand 18 8.x
CRM On CRM On CRM On CRM On CRM On CRM On
Demand 12 Demand 13 Demand 14 Demand 16 Demand 17 Demand 19/20

2006 2007 2008 2009 2010 2011+

 Recommended Actions
Upgrade, Adopt, Extend

Upgrade Adopt Extend

to Latest Oracle Standards-Based Business Value with
Applications Release Technology Co-existence
Opportunities

E-Business VCP 12.1 Oracle SOA Oracle BI Apps Fusion Apps

Suite 12.1 Demantra 7.3 Suite and AIA OBIEE

JD Edwards OTM 6.1 Oracle ADF & Oracle Hyperion Supply Chain:
E1 9.0 WMS 12.1 WebCenter Identity Mgmt EPM
- VCP
- Demantra
JD Edwards Oracle Content Oracle GRC - Agile
World A9.2 Agile PLM 9.3 Management Enterprise Mgr

PeopleSoft Agile PLM for Industry Apps CRM

Enterprise 9.1 Process 6 On Demand

Siebel
CRM 8.2
 <Insert Picture Here>

It is not all architecture:

+300 Features R12.0
+270 Features R12.1
9 new products in R12.1
Oracle Advanced Planning Command Center Oracle PIM for Retail
Oracle Demand Signal Repository Oracle Supplier Ship & Debit
Oracle Manufacturing Operations Center Oracle Price Protection
Oracle Service Parts Planning Oracle Landed Cost Management
Oracle Site Hub
 <Insert Picture Here>

Appendix:
300+ New Features
 New in Financial Control & Reporting
Highly automated financials processing drives efficiencies

• Centralized accounting setup

• Streamlined multiple ledger processing and reporting
• Parallel financial reporting EFFICIENCY
• Automatic reporting currency conversion
• Replacement for disabled accounts

• Data security across legal entities, ledgers or

balancing segment values FLEXIBILITY
• Control Accounts

• Accounting and reporting sequencing

AUDITABILITY
• Journal line reconciliation
 New in Procure-to-Pay
Integrated Suite Optimizes Working Capital
• Document line level entry and approval
• Non-PO invoice accounting entry by approvers
• Invoice dispute management PRODUCTIVITY
• Real-time status of purchasing contract T&Cs and
invoicing activity in Oracle Payables and
Purchasing

• Self-service opportunities via iSupplier Portal to a

broader set of their suppliers
• Self service entry extended to receipt matched,
COST SAVINGS
complex Work Purchase Orders, and non-PO
invoices

• Streamlined supplier setup and maintenance as

part of Trading Community Architecture (TCA) INTEGRATION
• Access to TCA features
 New in Credit-to-Cash
Accelerate cash cycle and manage revenue with fiscal discipline

• Daily revenue recognition

• Deferral reason for goods and services
• COGS and revenue matching COMPLIANCE
• Line level cash application

• More efficient payment application with Oracle

Payments integration
• More targeted and efficient collections with
configurable matrix BETTER CASH FLOW
• Credit recommendation enhancements
• Conversion of delinquent receivables to payment
plans
• Visibility to carry-forward balances with cycle-based
billing
INDUSTRY SUPPORT
• Payment application according to customer
preferences
 New in Cash and Treasury
Optimize Cash and Treasury Operations

• Centralized and consolidated bank model

• Single bank account shared by multiple organizations
• Bank account transfers directly in Cash Management EFFICIENCY
• Funds optimization with cash pooling and zero
balancing
• Configurable and centralized payments engine
• Full audit trail and control with single point of
payment administration
• Straight through processing (STP) for payments COMPLEXITY
• Real-time visibility into cash inflows and outflows
• Large library of payment formats and validations

• Simplified reconciliation of bank statements to cash

transactions in multiple organizations
• Support for new bank account balance types in bank FLEXIBILITY
statement import
• Bank account-level reconciliation options and
tolerances
 New in Asset Management
Maximize return on assets

• Automate legacy asset conversion with enhanced

preparation of Mass Additions EFFICIENCY

• Perform rollback on select assets with Automatic

PERFORMANCE
Depreciation Rollback

• Group Assets to include “Units of Production”

method
INDUSTRY SUPPORT
• Energy straight-line depreciation method
• Asset impairment of a producing asset
 New in Travel & Expense
Lower the total cost of travel and expense

• CONUS and OCONUS global per diem rates LOWER COSTS

• Per diem and policy schedules

• Expense splitting across multiple accounting

segments ACCURACY
• Enhanced cost center and projects approvals

• Self-service cash advance application during entry

• Bar code generation
PRODUCTIVITY
• Streamlined receipts management with receipts
tracking and receipts missing capabilities