Oracle R12 Financials New Features Overview

R12 Oracle Financials New Features Overview

Agenda
Why R12
R12 architecture
New R12 features
MOAC
Subledger Accounting and Ledger Sets
Legal enhancements
eBTax
Global Intercompany System
Centralized Banking
Reporting including XML Publisher
Q & A

Why R12?
Centralize, Simplify, Standardize
Compliant Financial Data for Management Controlled Transaction Entry Comprehensive and compliant processing Transparent Audit, Reconciliation & Drilldown Easy Reporting Analytics

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

Multi-Org Access Control (MOAC) Single Responsibility India Legal Entity USA Legal Entity Denmark Legal Entity India Operating Unit USA Operating Unit Denmark Operating Unit
Functional Tasks
Functional Tasks
Order Management
Dunning, Collections, Billing
Requisition, Demand & POs
Receiving & Drop Ship
Invoice Receipt, Disbursement
Customer Data Management
Accounting Setup

Multi-Org Access Control (MOAC) (Cont..)

Subledger Accounting Subledger Accounting Dr Ledger French Rules Plan Comptable French Calendar EUR Cr Payables Invoice

Ledger
One Repository of Financial Truth Implements the 4 C’s:
Chart of Accounts
Currency
Calendar
Accounting Convention

Ledger (Cont..)

Ledger Sets Ledger A French Rules Plan Comptable French Calendar EUR Ledger B US GAAP US COA US Calendar EUR Ledger C US GAAP US COA US Calendar USD Ledger D US GAAP US COA US Calendar AUD Reporting Currency Ledger Set

Ledger Architecture Operating Units Operating Units Legal Entities Primary Ledger (local statutory) option: reporting currency Secondary Ledger (corporate) SLAs SLAs Operating Units Legal Entities Legal Entities Primary Ledger (local statutory) option: reporting currency Primary Ledger (local statutory) option: reporting currency Secondary Ledger (corporate) Secondary Ledger (corporate) Ledger Set Transactions

Enhanced Legal Support
Added many attributes to the Legal Entity system entity: Addresses, officers, etc.
Added First Party LE on Transactions
Added a new entity called Establishment:
LE has a presence in a jurisdiction
All LEs have at least one, “HQ”
Example: If a California Company has to pay Sales Tax in Maryland, it has a Maryland Establishment
Isolate the legal compliance issues at LE, and management and security issues at OU
More easily map set-up to your real-life organization
LEs have tax registrations for transaction taxes
LEs own their own bank accounts, and can pay invoices from any OU they own.
Benefits of Legal Entities

Oracle E-Business Tax Tax Administration Services Tax Content Services Tax Determination Services Partner Tax Services Interface Partner Tax Content Interface Tax Services Request Manager Tax Services Tax Content Tax Partner Services Oracle E-Business Tax Content Repository Record Repository E-Business Suite Transaction Tax Data Transaction Data

Advanced Global Intercompany System Web UI Open Interfaces/API Excel (Web ADI) Subledger Invoices & Documents Online Reconciliation Reporting XML Publisher Reports General Ledger Subledger Accounting Dr Cr Receivables Payables Advanced Global Intercompany System

Intercompany Capabilities

Intercompany Transactions

Intercompany Setup

Reconciliation

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

Bank Model Example OU A OU B OU C Bank Single Payment Instruction Invoices Payments Sub Ledger Accounting

Data Management Trading Community Architecture Governments, Geographies, Authorities, etc. Suppliers Payables Purchasing Global Tax Party Information Payments Banks and Branches Cash Management Oracle Fusion Middleware -% CRM ERP 3 rd Party

XML Publisher Invoices Labels Destinations XML/EFT/EDI Reports Checks XML Publisher

New Standard Reports
Uses XML Publisher
835 Templates are available
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

Other New Features
Data Access Sets
Advanced collection, Dunning, Loans
Invoice Lines
Suppliers in TCA: one setup per partner
Supplier, users invoice self service
Straight through processing (STP) at banks
Asset Automatic Depreciation Rollback

Summary
Why R12
R12 architecture
New R12 features:
MOAC
Subledger Accounting and Ledger Sets
Legal enhancements
eBTax
Global Intercompany System
Centralized Banking
Reporting including XML Publisher

About iWare Logic Technologies
We offer significant expertise in areas where offshore team can equip the onsite Siebel and Oracle Apps teams
This can augment with the skills needed to effectively manage, configure, integrate, administer, and support the Siebel and Oracle Apps implementation project
Offshore setup and expertise needed for effective delivery
iWare Logic provides focused organization in Siebel and Oracle Apps applications and technologies
We are right size company to be agile for onsite and offshore delivery capabilities
Customized consulting services based on the needs of different phases in Oracle Apps and Siebel Implementation Optimal costs

Contact Us iWare Logic Technologies Pvt. Ltd. Aditi Samruddhi, Baner, Pune , India - 411045 Email: [email_address] Website: www.iwarelogic.com

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Oracle R12 Financials New Features Overview

by iWare Logic Technologies Pvt. Ltd. on Feb 16, 2010

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Oracle R12 Financials New Features Overview — Presentation Transcript