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E-Business Suite What’s New in Release 12 Connie Barbon, Oracle Senior Sales Consultant
E-Business Suite What’s New in Release 12 Connie Barbon, Oracle Senior Sales Consultant

E-Business Suite

What’s New in Release 12

Connie Barbon, Oracle Senior Sales Consultant

Agenda

What’s New in R12

Overview Financials

6 Major Initiatives Other “cool stuff” Not really R12…

Q & A

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Additional content on Projects and Human Capital Management included in slide deck

New User Experience

New User Experience

A New User Experience for R12

Accelerate global roll-outs with simplified user interface and business flows

A New User Experience for R12 Accelerate global roll-outs with simplified user interface and business flows

Reduced pop-ups and duplicate screens

Re-designed and streamlined entire workflows

Reduced the number of steps to complete key tasks

Improved overall look & feel and visual style

Increased personalization capabilities

Improved Workflow in Targeted Areas • Campaign Management • Customer Support • Collections & Payments •
Improved Workflow in Targeted Areas
• Campaign Management
• Customer Support
• Collections & Payments
• Loan Management
• Financial Consolidation
• Online Candidate Registration
• Absence Management
• Salary Administration
• Self-Service Purchasing
• Sourcing
• Supplier Collaboration
• Business Intelligence

New User Experience

New Background Pattern New Buttons
New Background
Pattern
New
Buttons
New Fonts
New
Fonts
New Colors
New
Colors
New Icons
New
Icons

11i User Experience - example

Define/Assign Set of Books, Specify Conversion options/rules

Defining a set of books takes 5 tabs to accommodate all fields and rules Multiple steps
Defining a set of books
takes 5 tabs to
accommodate all fields
and rules
Multiple steps
required to assign
sets of books and
specify conversion
options/rules

Superior Ownership Experience

R12 - Single Page for Accounting Setup

Superior Ownership Experience R12 - Single Page for Accounting Setup • Legal Entities • Ledgers •

Legal Entities Ledgers Currencies Balancing Segments Subledger Accounting Operating Units Balancing Options

Oracle Financials What’s New in Release 12

Oracle Financials

What’s New in Release 12

What’s New in R12 Financials

6 Major Initiatives

  • 1. Ledger and Ledger Sets

  • 2. Subledger Accounting

  • 3. MOAC

  • 4. Intercompany

  • 5. Tax Engine

  • 6. Bank Model

Ledger & Ledger Sets Ledger & Ledger Sets General Ledger General Ledger
Ledger & Ledger Sets
Ledger & Ledger Sets
General Ledger
General Ledger
Dr Cr Subledger Accounting (SLA) Tax Inter Bank Engine Company Model
Dr
Cr
Subledger Accounting (SLA)
Tax
Inter
Bank
Engine
Company
Model
Multi-Org Access Control Inventory Receivables Projects Work in Process Purchasing Payables
Multi-Org
Access
Control
Inventory
Receivables
Projects
Work in Process
Purchasing
Payables

Ledgers and Ledger Sets

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Ledgers in Oracle

A set of accounting information for a legal or business entity

Each ledger is associated with a Chart of accounts, Calendar, Currency, and Subledger Accounting Convention for which accounting information is recorded

11i & Prior = Sets of Books

R12 = Ledgers

4 C’s:

Currency, Calendar,

3 C’s: Currency,

Calendar, Chart

Seeded Conventions: •Standard Accrual •Standard Cash •Accrual w/ Encumbrance •Cash w/ Encumbrance •US Federal Accounting •China
Seeded Conventions:
•Standard Accrual
•Standard Cash
•Accrual w/ Encumbrance
•Cash w/ Encumbrance
•US Federal Accounting
•China Standard Accrual

Chart, Convention

Multiple Accounting Representations

Parallel Financial Reporting with Ledgers

Multiple Accounting Representations Parallel Financial Reporting with Ledgers Ledger A Ledger B French Rules US GAAP
Ledger A Ledger B French Rules US GAAP French COA French Calendar US COA US Calendar
Ledger A
Ledger B
French Rules
US GAAP
French COA
French Calendar
US COA
US Calendar
EUR
EUR
Single subledger
transaction
Dr
Cr
Subledger
Accounting
can create multiple
accounting
representations
and in multiple
currencies
Payables Invoice

Multiple Ledgers

Primary Ledger

the main “Activity” Ledger

Usually in the local currency

For Operational reporting

Secondary Ledger (ex. France requires Statutory Chart) Differs from Primary Ledger by Chart, Calendar, and/or Convention For Statutory, Tax or Consolidated reporting

Reporting Currency Ledger

Differs from Primary Ledger by Currency ONLY

Just a translation of the Primary Ledger no rules required

For Consolidated reporting

Ledger Sets

Global Information At A Glance Share: Ledger Set Chart of Accounts Calendar Ledger C US GAAP
Global Information At A Glance
Share:
Ledger Set
Chart of Accounts
Calendar
Ledger C
US GAAP
US COA
Ledger A
Ledger B
US Calendar
US GAAP
French Rules
French COA
French Calendar
USD
US COA
US Calendar
EUR
Ledger D
EUR
US GAAP
US COA
US Calendar
AUD
Key benefits to many Ledgers in one set
• Decision-driving business information always available
• Simpler processing and General Ledger management
• Data and definitions that can be shared and secured
Reporting Currency
LEDGER SETS •Grouping of ledgers with the same chart of accounts and calendar/period type combination •Essentially
LEDGER SETS
•Grouping of ledgers
with the same chart
of accounts and
calendar/period type
combination
•Essentially treats
multiple ledgers as
one

Perform the Following Across Ledgers

Using Ledger Sets

Open/Close Periods Create Journals

Allocations Across Ledgers Recurring Journals for All Ledgers Elimination Sets for All Ledgers

Translate and Revalue Balances View Information without Changing Responsibilities

View Journals and Account Balances Across Ledgers

Submit Standard Reports

Perform the Following Across Ledgers Using Ledger Sets • Open/Close Periods • Create Journals • Allocations

Create Financial Statements that Include Data for Multiple Ledgers

Impacted Applications

Ledger Sets

Ledger Sets used by General Ledger Some AR and AP reports use Ledger Sets

Impacted Applications Ledger Sets • Ledger Sets used by General Ledger • Some AR and AP

Impact/Upgrade Considerations

Ledger Sets

None; All sets of books upgraded to ledgers

Only need to define ledger sets to obtain processing efficiencies

Subledger Accounting

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Subledger Accounting

Centralized Rules, Common Repository: Global Control

General Ledger General Ledger 3 rd Party Systems Dr Cr SLA = Centralized Accounting Model, Rules,
General Ledger
General Ledger
3 rd Party
Systems
Dr
Cr
SLA = Centralized Accounting Model,
Rules, Engine and Repository
3 rd Party Systems
3 rd Party
Systems
Inventory Receivables Projects Work in Process Purchasing Payables
Inventory
Receivables
Projects
Work in Process
Purchasing
Payables

Internal control and compliance with multiple accounting policies through user-defined accounting rules

Single source of truth for all subsystem accounting activity with a common data model and repository

Accounting, reconciliation and reporting facilitated by centralized data model

Streamline closing process with common posting engine

Auditable and transparent entries accessible with full drilldown

Introduction to Subledger Accounting

DUAL POSTING SIMULTANEOUSLY

Ledger: FR Statutory GL Date: 2-Mar-2006 Invoice Internal Identifier: 1001 Invoice# 100 Invoice #100 ABC Networks
Ledger: FR Statutory
GL Date: 2-Mar-2006
Invoice Internal Identifier: 1001
Invoice# 100
Invoice #100
ABC Networks
Ledger: US Corporate
Invoice Internal Identifier: 1001
Supplier: ABC Networks
GL Date: 2-Mar-2006
Invoice# 100
Supplier: ABC Networks
2
Monitors – Marketing $1000
DR
CR
5
Printers – Marketing $ 500
Invoice Line 1
Invoice Line 2
Freight
$
100
1 Expense 01-EXP-200
$1500
Invoice Line 3
2 Freight 01-FR-200
$100
Tax
$
110
3 Tax 01-TX-200 $110
Invoice Line 4
Total
$1710
4 Liability 01-LIAB-200
$1710

Transactions vs. Accounting

SLA provides a distinction between a transaction and the

accounting representation of the transaction (there can be multiple representations of one transaction)

Accounting distributions did not necessarily go away

Needed for upgrade customers

Needed as starting point for SLA (Don’t want to force customers to

define their own SLA rules) In some cases, necessary to allow user input

Most default SLA rules just ‘pass through’ the distribution accounts (where applicable)

Streamline Accounting

Streamline Accounting

Impacted Applications

General Ledger Payables Receivables Projects Assets Costing OPM Public Sector/Federal

Payroll Property Manager Loans Lease Management (Post R12) Cash Management Globalizations Intercompany

Subledger Journal Entry more info

Subledger Journal Entry – more info

Subledger Entry vs. GL Journal Entries

Many to One

SLA

JE #1

SLA

JE #2

SLA

JE #3

GL

JE #1

Subledger Entry vs. GL Journal Entries Many to One SLA JE #1 SLA JE #2 SLA

Invoice No: 136274

GL Date: 01/27/07

rd

3

Party: Fender

101.100.63580.0000.720.000.000

6,000 EUR

101.100.22100.0000.000.000.000

6,000 EUR

(AP, AR, etc):

Invoice No: 131299

GL Date: 01/27/07

by GL Period, or

rd

3

Party: Gibson

Subledger Entry vs. GL Journal Entries Many to One SLA JE #1 SLA JE #2 SLA

101.100.63580.0000.720.000.000

101.100.22100.0000.000.000.000

No Summarization

3,000 EUR

3,000 EUR

Subledger Entry vs. GL Journal Entries Many to One SLA JE #1 SLA JE #2 SLA

Controlled by GL JE

Summarization setting for

each Subledger App

Summarize by GL Date,

101.100.63580.0000.720.000.000

101.100.22100.0000.000.000.000

Invoice No: 116555

GL Date: 01/27/07

3 rd Party: Kramer

2,000 EUR

2,000 EUR

101.100.63580.0000.720.000.000 101.100.22100.0000.000.000.000 Invoice No: 116555 GL Date: 01/27/07 3 Party: Kramer 2,000 EUR 2,000 EUR

Batch: AP Invoices 27-Jan-07

GL Period: Jan-07

101.100.63580.0000.720.000.000

101.100.22100.0000.000.000.000

11,000 EUR

11,000 EUR

Upgrade Considerations

By default, the R12 upgrade migrates at least 6 periods of accounting entries from each application to the SLA data model.

You can modify this if desired.

For prior periods, the historical data is preserved. You can drill from General Ledger to the historical transactions using standard GL drilldown

Multi-Org Access Control

(MOAC)

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MOAC: Multi-Org Access Control

Role based access to Operating Units

Perform multiple tasks across operating units without changing responsibilities

Belgium Holland Denmark Functional Tasks Legal Entity Legal Entity Legal Entity  Order Management  Dunning,
Belgium
Holland
Denmark
Functional Tasks
Legal Entity
Legal Entity
Legal Entity
Order Management
Dunning, Collections, Billing
Requisition, Demand &
Belgium
Holland
Denmark
Purchase Orders
Operating Unit
Operating Unit
Operating Unit
Receiving & Drop Ship
Invoice Receipt,
Responsibility
Single Responsibility
Responsibility
Responsibility
Disbursement
Customer Data
Management
Accounting Setup

Multi-Org Access Control Setup

Define Security Profile

Specify Operating Units Classify Organization as operating unit
Specify Operating Units
Classify
Organization
as operating
unit

MOAC

Typical Screen in daily use

Select Operating Unit during Input
Select Operating Unit
during Input

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Advanced Global Intercompany System (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
Advanced Global
Intercompany
System
Subledger
Web UI
Invoices &
Documents
Open
Interfaces /
API
Generate subledger invoices
Online
Reconciliation
Control transaction entry with
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
Intercompany Journal Across Ledgers
Intercompany Journal Across Ledgers
Intercompany
Journal Across
Ledgers
Intercompany Journal Across Ledgers
Intercompany Due To / Due From lines automatically generated
Intercompany Due To /
Due From lines
automatically generated
AR Invoice billed to SSC France from SSC US (NY)
AR Invoice billed to
SSC France from
SSC US (NY)
AR Invoice billed to SSC France from SSC US (NY)

Tax Engine

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E-Business Tax

Centrally manage tax transactions across entire E-Business Suite

Purchasing Internet Expenses Internet Procurement Tax General Transactions Ledger Payables Tax Setup/Rules Receivables Inter-Company Invoicing Order
Purchasing
Internet
Expenses
Internet
Procurement
Tax
General
Transactions
Ledger
Payables
Tax
Setup/Rules
Receivables
Inter-Company
Invoicing
Order
Management
• Single Repository of transactions for global business insight • Centralized rules applied to transactions to
• Single Repository of
transactions for global
business insight
• Centralized rules applied
to transactions to manage
globally and reduce risk
• Automation of tax
processes on transactions
to improve operational
efficiency
• Improved Reporting
• Effective Date Setup
• Extensible architecture
that supports additions,
e.g. Self-assessed
Use Tax

eBusiness Tax

Tax determination, not just tax codes…

Before R12 • User determines tax by assigning Tax Codes • Tax rules in code •
Before R12
• User determines tax by assigning
Tax Codes
• Tax rules in code
• Global descriptive flexfields for
country-specific tax attributes
• Granular setup at OU level
R12 • eBTax determines tax based on facts about each transaction • Tax rules you can
R12
• eBTax determines tax based on
facts about each transaction
• Tax rules you can see
• Tax attributes collected in fields on
key entities
• Configure tax rules once per regime
and share with your legal entities
Facilitates compliance
Improves auditability

Bank Model

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Centralized Banking

Shared Services Disbursements

LE OU A OU B OU C Inventory Receivables Receivables Projects Projects Work in Process Payables
LE
OU A
OU B
OU C
Inventory
Receivables
Receivables
Projects
Projects
Work in Process
Payables
Assets
Purchasing
Payables

Bank account is now associated with LE entity

rather than Operating Unit

Single bank account

serves multiple Operating Units

For Internal Banks and Customer & Supplier

Banks Enhanced Reconciliation

Centralized Banking Shared Services Disbursements LE OU A OU B OU C Inventory Receivables Receivables Projects

PLUS:

  • Centralized Credit Card Model

  • Supplier & Customer Banks in TCA

Bank Model: Example of what you can do

Pay invoices from different OUs with 1 instruction

Invoices

New Payments Module New Bank Module

New Bank & Credit Card
Features

Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction
Single Payment
Single
Payment
Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction
Bank Sub Ledger Accounting
Bank
Sub Ledger
Accounting

Payments

Instruction

Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction

OU A

Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction

OU B

Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction

OU C

Bank Model: Example of what you can do Pay invoices from different OUs with 1 instruction

Banks

Define Owner of Bank Account

Specify Legal Entity Owner
Specify Legal Entity
Owner
Where is Account used?
Where is Account
used?
Select Multiple LE’s, OU’s, Currencies in single Payment Run
Select Multiple LE’s,
OU’s, Currencies in
single Payment Run
Select Multiple LE’s, OU’s, Currencies in single Payment Run

Miscellaneous

Cool Stuff…

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Report Repository

Online “file cabinet” to where Financial Reports are published
Online “file cabinet” to
where Financial
Reports are published
Add Report to Menu
Add Report to Menu
Add Report to Menu

Control Accounts

Control Account – Prevents posting other than automatically from Subledgers
Control Account –
Prevents posting other
than automatically
from Subledgers

Replacement Accounts

Replacement Account will be posted to in place of Disabled Account
Replacement Account
will be posted to in
place of Disabled
Account

Payments Dashboard

Submit or Schedule Payment Process Request
Submit or Schedule Payment
Process Request
Use Payment Template to Default values Pay Multiple Legal Entities, Operating Units, and Currencies in one
Use Payment Template to Default values
Use Payment Template to
Default values
Pay Multiple Legal Entities, Operating Units, and Currencies in one Payment Run
Pay Multiple Legal
Entities, Operating
Units, and Currencies
in one Payment Run
Use Payment Template to Default values Pay Multiple Legal Entities, Operating Units, and Currencies in one
Can do STP (Straight Thru Processing) or Review/Edit selected Invoices
Can do STP (Straight Thru
Processing) or Review/Edit
selected Invoices
Pending Actions walks you through process
Pending Actions walks you
through process
Positive Pay Program
Positive Pay
Program

Internet Expenses - Allocations

Edit Coding of Expense Lines
Edit Coding of
Expense Lines
Allocate Expense Lines * even to Projects
Allocate Expense Lines
* even to Projects

Internet Expenses Bar Coding

Bar Coding of Expense Reports
Bar Coding of
Expense Reports

Robust Cash Forecasting

Cash Forecasting is a planning Tool that helps you anticipate the flow of Cash in

& out of your business, allowing you to project your cash needs.

Specify Sources
Specify Sources
Include/Exclude lines
Include/Exclude
lines
Drill down to transaction details
Drill down to
transaction details

Flexible Cash Positioning

Cash Positioning is a planning tool that allows you to view your daily cash

position by Bank Acct, Cash Pool, or Currency.

View by currency, bank account or cash pool Save Projected Balances for Reporting
View by currency, bank
account or cash pool
Save Projected
Balances for Reporting
Automatically generate cash transfers
Automatically generate
cash transfers
Drill down to details
Drill down to details
Online refresh capabilities
Online refresh capabilities
“Cash Leveling” Proposal – initiates Bank Transfer
“Cash Leveling”
Proposal – initiates
Bank Transfer

Not Really R12 But still cool…

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Simplified Self-Service Reporting

BI (XML) Publisher

Reporting Evolution Benefits • Replaces most standard reports • Put reporting in the hands of with
Reporting Evolution
Benefits
• Replaces most standard reports
• Put reporting in the hands of
with data extracts and
the business user
templates
• Create report formats using
desktop tools (Adobe
• Merges custom templates and
Acrobat, MS Word, MS Excel,
data extracts at run-time
and XSL Editors)
• Delivers output in PDF, HTML,
• Publish in any format, to the
RTF, Excel (HTML), or text for
web and electronically
use with EFT and EDI
• Drive reporting consistency
transmissions
with one source of data
“Oracle’s new XML Publisher is visionary and empowers end users. This new capability
gives customers the look and feel of Excel with a desktop publishing look to reports, and
enables users to create their own reports, minimizing the dependency on the IT staff.”
-- Sean Malinski, Accenture Partner, Global
Business Solutions - Oracle Practice

Old Standard Reports

Old Standard Reports

New Standard Reports (HTML)

New Standard Reports (HTML)

Oracle BI Publisher

• Many, many, many Standard Reports • Multiple formats per report • Merge Data with Contract
• Many, many, many Standard Reports
• Multiple formats per report
• Merge Data with Contract Terms
• User-defined templates
• Boardroom Quality Output

Oracle Business Intelligence

Comprehensive View of Financial Performance

Oracle Business Intelligence Comprehensive View of Financial Performance General Ledger & Profitability Analytics Incorporates detail-level general
Oracle Business Intelligence Comprehensive View of Financial Performance General Ledger & Profitability Analytics Incorporates detail-level general

General Ledger & Profitability Analytics

Incorporates detail-level general ledger transactions and cash flow analysis across locations, customers, products, sales territories, distribution channels, and business units.

Identifies the customers and transactions that are providing maximum profits

by product, location, department, and geographic detail. When combined with

Marketing Analytics, it enables analysis of Campaign ROI and assists in

customer segmentation.

Payables Analytics

Provides visibility into payments due to suppliers and expense line detail so

managers can manage cash outflows and control expenses. When combined with Supply Chain Analytics, it allows full procurement analysis from Requisition to Check.

Oracle Business Intelligence Comprehensive View of Financial Performance General Ledger & Profitability Analytics Incorporates detail-level general

Receivables Analytics

Monitors collections processes to show what customers buy and how they pay, enabling managers to identify overdue balances and other receivables

bottlenecks. When combined with Oracle Sales Analytics and Oracle Order

Management & Fulfillment Analytics, it enables more efficient management of the entire Lead to Cash process.

Oracle Business Intelligence

User Productivity Kit (UPK)

What is UPK …

… a comprehensive, cost-effective solution that helps your organization quickly create critical documentation, training, and support materials needed to drive project team and increase user productivity throughout the lifecycle of your software.

You Perform a transaction, Record it, and Publish it

Training Guides Web-based Training Job Aids

• • Test Scripts

WORKS WITH 11.5.9 and above

 

UPK Playback Modes

UPK Playback Modes

See It!

Enables you to learn by watching an animated demonstration of tasks being performed in a simulated environment.

Try It!

Enables you to learn interactively in a simulated environment. The Player provides you with instructions as to what needs to be done to complete a task, but you perform the actual steps.

Know It? Enables you to test knowledge gained from training. You are instructed to complete the steps for a particular task and are scored on how accurately you complete the steps.

Do It!

Guides you in the performance of the actual task in a production environment. You learn by completing the actual task.

New in Financial Control & Reporting

Highly automated financials processing drives efficiencies

Centralized accounting setup

 

Streamlined multiple ledger processing and reporting

Parallel financial reporting

• Parallel financial reporting

Automatic reporting currency conversion

Replacement for disabled accounts

 

Data security across legal entities, ledgers or balancing

 

segment values

segment values

Control Accounts

 

Accounting and reporting sequencing

• Accounting and reporting sequencing

Journal line reconciliation

EFFICIENCY
EFFICIENCY
FLEXIBILITY
FLEXIBILITY
AUDITABILITY
AUDITABILITY

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

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,

complex Work Purchase Orders, and non-PO invoices

Streamlined supplier setup and maintenance as part of

Trading Community Architecture (TCA)

Access to TCA features

PRODUCTIVITY COST SAVINGS INTEGRATION
PRODUCTIVITY
COST SAVINGS
INTEGRATION

New in Credit-to-Cash

Accelerate cash cycle and manage revenue with fiscal discipline

Daily revenue recognition

 

Deferral reason for goods and services

• Deferral reason for goods and services

COGS and revenue matching

Line level cash application

 
 

More efficient payment application with Oracle Payments

 

integration

More targeted and efficient collections with configurable

• More targeted and efficient collections with configurable

matrix

Credit recommendation enhancements

 

Conversion of delinquent receivables to payment plans

 

Visibility to carry-forward balances with cycle-based

 

billing

billing

Payment application according to customer preferences

COMPLIANCE
COMPLIANCE
BETTER CASH FLOW
BETTER CASH FLOW
INDUSTRY SUPPORT
INDUSTRY SUPPORT

New in Cash and Treasury

Optimize Cash and Treasury Operations

Centralized and consolidated bank model

 

Single bank account shared by multiple organizations

• Single bank account shared by multiple organizations

Bank account transfers directly in Cash Management

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

• Straight through processing (STP) for payments

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

• Support for new bank account balance types in bank

statement import

Bank account-level reconciliation options and tolerances

EFFICIENCY
EFFICIENCY
COMPLEXITY
COMPLEXITY
FLEXIBILITY
FLEXIBILITY

New in Asset Management

Maximize return on assets

Automate legacy asset conversion with enhanced

preparation of Mass Additions

Perform rollback on select assets with Automatic

Depreciation Rollback

Group Assets to include “Units of Production” method

Energy straight-line depreciation method

Asset impairment of a producing asset

EFFICIENCY PERFORMANCE INDUSTRY SUPPORT
EFFICIENCY
PERFORMANCE
INDUSTRY SUPPORT

New in Travel & Expense

Lower the total cost of travel and expense

CONUS and OCONUS global per diem rates

• CONUS and OCONUS global per diem rates

Per diem and policy schedules

 

Expense splitting across multiple accounting segments

• Expense splitting across multiple accounting segments

Enhanced cost center and projects approvals

 

Self-service cash advance application during entry

 

Bar code generation

• Bar code generation

Streamlined receipts management with receipts tracking

and receipts missing capabilities

 
LOWER COSTS
LOWER COSTS
ACCURACY
ACCURACY
PRODUCTIVITY
PRODUCTIVITY

Why Upgrade ?

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Why Upgrade

Straight Talk from Customers

     
“ We have 60 sets of books and see tremendous efficiencies with running processes across these
 

We have 60 sets of books and see tremendous efficiencies with running processes across these sets of books using Ledger Sets.”

 
“ Ability to issue one payment instruction to the bank for payments of invoices
 

Ability to issue one payment instruction to the bank for payments of invoices

 

in multiple operating units was viewed as a huge benefit from the user

 

community.”

Multi-Org Access Control (MOAC) will definitely reduce the workload and the

number of people performing process related tasks. The users are very excited

number of people performing process related tasks. The users are very excited

and the benefits of MOAC were readily visible to them.”

“The ability to access multiple operating units with a single responsibility can simplify SOX compliance monitoring.”

“The ability to access multiple operating units with a single responsibility can simplify SOX compliance monitoring.”

“The functionality offered with Advanced Global Intercompany System (AGIS),

specifically the creation of physical invoices to be created for I/C transactions in Payables and Receivables

specifically the creation of physical invoices to be created for I/C transactions in Payables and Receivables eliminates many customizations in this area.”

“Centralization of subledger accounting rules would minimize set up and

maintenance, providing greater financial control , and enforcing a consistent approach for true global accounting .”

maintenance, providing greater financial control, and enforcing a consistent approach for true global accounting.”

“Banks, taxes, payments, and accounting – everything that becomes centralized will bring tremendous efficiencies to our

“Banks, taxes, payments, and accounting – everything that becomes centralized will bring tremendous efficiencies to our organization.”

Evolution of Oracle Financials
Evolution of Oracle Financials
Evolution of Oracle Financials Base Differentiators… Daily business intelligence for financials Global single instance and shared

Base Differentiators…

Daily business intelligence for financials

Global single instance and shared service center support

Global language, currency and regulatory support

Unified data model Industry leading performance and scalability

Unified customer model with data quality management

tools

Integrated collections management

Online receipt and dispute management

Online supplier procurement and payment management

Property and real estate management

New in 11i.10…

Compliance-driven financial consolidation and reporting

Enterprise planning and budgeting

Audit operations, compliance and certification management

Web services for financials XBRL financial reporting Enhanced bill presentment:

user definable formats and online drill down capabilities Enhanced credit, collections, and trade management

integration flow Self-service asset management

Enhanced credit card business flow management

Cash positioning and forecasting Supplier open interface

New in R12…

Ledgers and ledger sets Centralized rules-based accounting engine Single, global tax engine Unified bank account model Centralized payments engine Common global intercompany system Shared services support with multi-org access Improved user experience

Centralized data model for suppliers and banks

Accounting & consolidation engine for Financial Services

Multi-dimensional profitability analysis Fusion Middleware certification Enhanced integration repository Retek integration

Q&A
Q&A

Q&A