Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Emerging solutions demystifying_r12_financials-5-28_webcast


Published on

  • Be the first to comment

Emerging solutions demystifying_r12_financials-5-28_webcast

  1. 1. Welcome Today’s presentation will begin soon… For audio, call: Toll-free: (888) 433-2826 Participant code: 8473401119
  2. 2. 2 Introduction to Emerging Solutions • Professional Services firm, Founded in 1997 • We provide: – Strategy / Guidance / Software Selections – Implementation, Upgrades & Integration Services • Oracle Certified Advantage Partner Microsoft Gold Partner • Oracle Specialties: – Oracle E-Business Suite – Oracle Transportation Management – Demantra – Hyperion Planning, HFM and Strategic Finance – PeopleSoft Enterprise Applications , HCM & FSM • Offices: Chicago, Minneapolis (National delivery capabilities)
  3. 3. 3 Introduction Octavio Perales Oracle National Practice Director, Emerging Solutions Stan Korwin Chicago Oracle Practice Lead, Emerging Solutions
  4. 4. Demystifying Oracle R12 Financials Presented by Stan Korwin May 29, 2008
  5. 5. Agenda • What is different about R12 Financials? • What is good and not so good about the changes? • What do I need to worry about for upgrade? • Q & A
  6. 6. What is Different about R12 Financials? • “Halfway to Fusion” • Foundational restructuring to support globalization • Improved Interface
  7. 7. R12 Financials Structures R12’s globalization approach has restructured six key foundational dimensions of EBS financials by consolidating functionality into separate layers. These layers now underlie all of the applications. •Ledgers/Ledger Sets •Multiorg/MOAC/Legal Entity •Subledger Accounting •E-Business Tax Engine •Intercompany •Cash/Banking Management
  8. 8. Global Financial Management Shared services and single database operations with streamlined processing, reporting, and access across operating units Single Global Database Shared Service Center Org 3Org 2Org 1 Examples: Payables, Purchasing, Collections, HR Shared Services with R12 Financial Management Initiatives Think Work Manage
  9. 9. Global Financial Architecture BankBank ModeMode ll TaxTax EngineEngine InterInter CompanyCompany General LedgerGeneral LedgerLedger & LedgerLedger & Ledger SetsSets General LedgerGeneral LedgerLedger & LedgerLedger & Ledger SetsSets Subledger Accounting (SLA)Subledger Accounting (SLA) DrDr CrCr ProjectsReceivable s Inventor y Work in Process Purchasing Payable s Multi-Multi- OrgOrg AccessAccess ControlControl 6 Major Initiatives 1. Ledger and Ledger Sets 2. Multi-Org Access Control 3. Subledger Accounting 4. Tax Engine 5. Intercompany 6. Bank Model
  10. 10. MOAC In Action Setup – Define Security Profile Select OU Classification Setup – Define Security Profile Select OU Classification Reporting Across OUs Reporting Across OUs Selecting one or all OUs in an AP action Selecting one or all OUs in an AP action
  11. 11. Legal Entity Setup Description Support for Registrations Single Legal Entity Data Model Support for Establishments Legal Entity IN 11i Legal Entity IN R12.0 HR Organization - GRE/LE (General Reporting Entity/Legal Entity) HR Organization – Operating Unit (OU) HR Organization – Inventory Org (IO) SOB (Set of Books, Ledger in 11i11) BSVs (Balancing Segment Values) Customer account sites and site uses Reporting Entities
  12. 12. Legal Entity Setup Dependencies and Interactions Legal Entity GL DataModelApplications TCA Intercompany E-Business Tax Legal Reporting to enable… APARIBY APIs and UIs CE Legal Entity provides a foundation
  13. 13. Legal Entity Configurator
  14. 14. Oracle Subledger Accounting Integration Release 11i Accounting model and transaction model are tightly integrated Release 12.0 Accounting model is separated from the transaction model Subledger Products Projects Payables Receivables General Ledger Subledger Products Projects Payables Receivables Subledger Accounting AR Rules & journal entries PA Rules & journal entries AP Rules & journal entries General Ledger
  15. 15. Introduction to Subledger Accounting Accounting Methods Builder FR Statutory Ledger Standard IAS Subledger Accounting Method Payables Application Accounting Definition Journal Line Types Account Derivation Rules Journal Entry Descriptions Payment Journal Line Definition Transaction Objects Sources
  16. 16. SLA Introduction to Subledger Accounting Dependencies and Interactions Transactions Accounting Events Subledger Application Accounting Configurations Journal Entry Setup Accounting Program Subledger Balances Subledger Journal Entries GL Journal Entries and Balances General Ledger
  17. 17. Tax Transactions Taxes, Rules Oracle E-Business Tax Processing taxes for transactions and reporting Determine Regimes Taxable Basis Calculate Tax Amount Tax Status & Rate Applicable Taxes Single Interface for TransactionsSingle Interface for Transactions Transparent Integration with Tax Partner ServicesTransparent Integration with Tax Partner Services Parties Places Products Processes Payables Receivables Purchasing Transactions Sales Orders … Tax Reports - PDF, HTML, RTF - Security enabled  Extensible  Service Oriented Architecture  Compliance, Assurance  Efficiency, Global Visibility
  18. 18. Tax Authority Tax Regime Tax California State Board of Equalization California Sales Tax State Sales Tax California (State) HM Customs and Excise (U.K.) UK VAT UK VAT UK Canadian Customs and Revenue Agency (Canada) Canadian Goods and Services Tax GST Ontario Federal (Brazil) Secretaria da Receita RICMS - Regulamento do ICMS CMS São Paulo Oracle E-Business Tax Key Concepts Tax Jurisdiction
  19. 19. Web UIWeb UI OpenOpen Interfaces /Interfaces / APIAPI ExcelExcel (Web ADI)(Web ADI) Advanced Global Intercompany System SubledgerSubledger Invoices &Invoices & DocumentsDocuments  Generate subledger invoicesGenerate subledger invoices  Control transaction entry withControl transaction entry with Intercompany CalendarIntercompany Calendar  Fully Configurable Approval RulesFully Configurable Approval Rules  Flexible Security ModelFlexible Security Model  Centrally defined IntercompanyCentrally defined Intercompany AccountsAccounts OnlineOnline ReconciliationReconciliation ReportingReporting XMLXML PublisherPublisher ReportsReports Advanced Global Intercompany System SubledgerSubledger AccountingAccounting DrDr CrCr GeneralGeneral LedgerLedger ReceivableReceivable ss PayablePayable ss
  20. 20. • Bank account is now associated with LE entity rather than Operating Unit • Single bank account serves multiple Operating Units • Any and all Operating Units associated with a ledger can be permitted to use the bank accountAssets Project s Receivabl es PayablesPurchasin g Project s Receivabl es Payables InventoryInventory Plu sCentralized Credit Card Model Credit Card Encryption Supplier & Customer Banks in TCA Centralized Banking Shared Services Disbursements Work inWork in ProcessProcess LE OU A OU B OU C
  21. 21. A New User Experience for R12 • 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 • Campaign Management • Customer Support • Collections & Payments • Loan Management Improved Workflow in Targeted Areas • Financial Consolidation • Online Candidate Registration • Absence Management • Salary Administration • Self-Service Purchasing • Sourcing • Supplier Collaboration • Business Intelligence Think Work Manage
  22. 22. One dashboard (R12) vs. multiple steps across many forms (11i) Assign/view legal entitiesAssign/view legal entities Define ledger (set of books)Define ledger (set of books) Define operating unitsDefine operating units Define legal entities dashboardDefine legal entities dashboard Accounting Setup Manager
  23. 23. Accounting Setup Manager
  24. 24. Accounting Setup Manager-Organization
  25. 25. Tax Managers
  26. 26. New Look for Standard Reports
  27. 27. Daily Results,Daily Results, Flexible PeriodsFlexible Periods Flexible ComparisonsFlexible Comparisons MultipleMultiple CurrenciesCurrencies Graphs /Graphs / TrendsTrends PerformancePerformance Measures (KPIs)Measures (KPIs) Real-Time Operational Reporting Reports w/Reports w/ DrilldownDrilldown • Out-of-the-box mgmt reporting system • Role-based dashboards • Seamless drilldowns • New in R12: - 6 dashboards, 49 KPIs, 90 rpts - A focus on global sourcing, spend, and supplier mgmt Drag & DropDrag & Drop PortletsPortlets Think Work Manage
  28. 28. Diagnostics Tools
  29. 29. Diagnostic Tools-cont’d
  30. 30. What is good and bad about the changes? GOOD • “Globalized” features more flexible • Navigation more intuitive • New wizards are extremely helpful for setup • Enhanced diagnostics are more useful
  31. 31. What is good and not so good about the changes? GOOD • New structures allow much greater flexibility for organizations with complex organizational structures • Better ability to accommodate organizational changes • New interface does navigate more easily
  32. 32. What is good and not so good about the changes? NOT SO GOOD • System documentation still in “catch up” mode • Bugs – though improving • Dual navigation methods annoying and sometimes confusing
  33. 33. What Do I Need To Worry About For Upgrade? • Think carefully about foundations – Organization structure – Tax jurisdictions – Legal Entities – Security, roles and responsibilities • Be prepared to relearn some concepts • Confirm hardware capacity
  34. 34. 35 Next Steps  Contact Emerging Solutions for a complimentary R12 Upgrade Workshop  Utilizes proven analytical tools and our extensive industry expertise to identify quantifiable improvements in your transportation operations and to your bottom line.
  35. 35. Question and Answers
  36. 36. 37 Additional Questions? Contact Stan Korwin