Oracle R12 Financials New Features Overview

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A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing …

A comprehensive look of functional enhancements, new features and an overview of new modules also core financial module new features and functions and demonstrate and discuss enhancements to existing features and functions in the Oracle R12 Financial Suite of products.

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  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview Why R12? Release 12 is defined as “The Global Business Release.” Global is not just a geographic perspective, but also a comprehensive perspective; release 12 functionality spans across both industries and business functions. Flexible, centralized, global accounting structure 300+ enhancements to best practice business processes Comprehensive governance, risk and compliance platform Truly integrated performance management Real-time profitability analysis Unified financial and operational analytic applications Integration with core industry applications Self-service report formats and publication Superior ownership experience With Release 12, we think it’s fair to say that Oracle has addressed customer demand and focussed on simplification, standardisation and centralisation to simplify organisation and user experience of Oracle E-Business Suite.
  • Oracle New Features Financials Overview Architecture The major components of the new architecture include: Multi-Org Access Control Ledger and Ledger Sets Subledger Accounting Tax Engine Intercompany Bank Model Benefits of the new architecture include: Maintain 1 Ledger with 1 OU for each Company (LE) Get privacy for each company’s data Manage each company’s national and local compliance Combine many companies’ ledgers in a set Share GL services and workload Get combined data Use MOAC to enable access to many OUs Process in and report across many Companies’ Operating Units
  • Oracle New Features Financials Overview MOAC: Multi-Org Access Control MOAC provides role based access to Operating Units, and allows you to perform multiple tasks across operating units without changing responsibilities.
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview Subledger Accounting Subledger accounting provides centralized rules and a common repository, and global control of your accounts. Features include: Accounting Rules SarBox & 8th Dir. User Editable Subledger Daybooks (Journals) Subledger Balancing Reports, inquiries, open items, et cetera Multiple Representations Common Posting to GL Ledgers Real time or Periodic Benefits of subledger accounting are: Faster, Easier Reconciliation Corporate Rules = Accounting Standardization Local Rules = Improved Local Compliance Automate “Apples to Apples” Adjustments Improved Audit- ability Improved Internal Control
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview Ledger Sets Ledger sets provide global information at a glance. Ledger sets share a chart of accounts and a calendar. The key benefits to many Ledgers in one set are: Decision-driving business information always available Simpler processing and General Ledger management Data and definitions that can be shared and secured
  • Oracle New Features Financials Overview Ledger Architecture Typical Ledger Sets: All IAS/IFRS or US GAAP ledgers 26 Subs in 1 country 35 countries in 1 region
  • Oracle New Features Financials Overview Enhanced Legal Support Did not replace GRE/LE - employer Added TCA parties for the Authorities Added a Legal Entity Configurator Introduced the following new terms: Jurisdiction: A legislative category and territory, has legal rules Legal Authority: Legal body who enforces legislation, collects fees / taxes, etc Legal Function: Functions that companies are required to perform (e.g. produce yearly report, pay taxes, etc.) Legal Associations: Mapping companies to Ledgers, BSVs, OUs and other system entities
  • Oracle New Features Financials Overview Architecture Overview Oracle E-Business Tax (eBTax) consists of a tax knowledge base, a variety of tax services that respond to specific tax events, a set of repositories (for tax content and tax recording) that allow customers to manage their local tax compliance needs in a proactive manner, as well as the ability to integrate with external tax content providers through a single integration point.
  • Oracle New Features Financials Overview Advanced Global Intercompany System Addresses the Top Barrier to a Fast Close Generates subledger invoices Controls transaction entry with Intercompany Calendar Has a Fully Configurable Approval Rules Has a Flexible Security Model Has a Centrally defined Intercompany Accounts
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview Centralized Banking Bank account is now associated with the LE instead of the Operating Unit A single bank account serves multiple Operating Units Any and all Operating Units associated with a ledger can be permitted to use the bank account There is a centralized Credit Card Model There is Credit Card Encryption The Supplier & Customer Banks are in TCA
  • Oracle New Features Financials Overview Bank Model Example Pay invoices from different OUs with 1 instruction New Payments Module New Bank Module New Bank & Credit Card Features
  • Oracle New Features Financials Overview Data Management R12 leverages a centralized data model
  • Oracle New Features Financials Overview XML Publisher Enables you to format, manage, and deliver documents Meets business requirements such as: Removes complexity Reduces maintenance cost Reduces TCO Integrated with: R9 CRM, ESA, FMS, HCM, and SCM GL Standard Reports Integration With XML Publisher Oracle General Ledger’s Account Analysis, General Journals and Trial Balance standard reports are integrated with XML Publisher. Using XML Publisher allows you to leverage the formatting features of a word processing application to design the layout of your report. You can personalize your report by changing fonts, adding images, inserting headers and footers, creating borders, changing column widths, and reordering/adding/deleting columns. This enables you to create professional-quality reports directly from the general ledger, which ensures the integrity and auditability of the information. For more information on all formatting features, refer to the XML Publisher User Guide.
  • Oracle New Features Financials Overview New Standard Reports Benefits of the new standard reports are: You can create report formats using desktop tools (Adobe Acrobat, MS Word, MS Excel, and XML Editors) You can publish in any format, to the web and electronically Reporting is consistent, with one source of data Eg: the drill down functionality you can build to the line level where as compared to the reports.
  • Oracle New Features Financials Overview Other New Features There are over 300 new Financial features in Oracle E-Business release 12.
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview
  • Oracle New Features Financials Overview

Transcript

  • 1. R12 Oracle Financials New Features Overview
  • 2. 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
  • 3. Why R12?
    • Centralize, Simplify, Standardize
    Compliant Financial Data for Management Controlled Transaction Entry Comprehensive and compliant processing Transparent Audit, Reconciliation & Drilldown Easy Reporting Analytics
  • 4. 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
  • 5. 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
  • 6. Multi-Org Access Control (MOAC) (Cont..)
  • 7. Subledger Accounting Subledger Accounting Dr Ledger French Rules Plan Comptable French Calendar EUR Cr Payables Invoice
  • 8. Ledger
    • One Repository of Financial Truth Implements the 4 C’s:
      • Chart of Accounts
      • Currency
      • Calendar
      • Accounting Convention
  • 9. Ledger (Cont..)
  • 10. Ledger (Cont..)
  • 11. 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
  • 12. 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
  • 13. 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
  • 14. 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
  • 15. 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
  • 16. Intercompany Capabilities
  • 17. Intercompany Transactions
  • 18. Intercompany Setup
  • 19. Reconciliation
  • 20. Centralized Banking Purchasing Assets Receivables Payables Inventory Work in Process LE OU A OU B OU C Projects
  • 21. Bank Model Example OU A OU B OU C Bank Single Payment Instruction Invoices Payments Sub Ledger Accounting
  • 22. 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
  • 23. XML Publisher Invoices Labels Destinations XML/EFT/EDI Reports Checks XML Publisher
  • 24. 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
  • 25. 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
  • 26. 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
  • 27. 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
  • 28. Q&A
  • 29. Contact Us iWare Logic Technologies Pvt. Ltd. Aditi Samruddhi, Baner, Pune , India - 411045 Email: [email_address] Website: www.iwarelogic.com