The document discusses new functionality in Oracle E-Business Suite Release 12 that allows companies to streamline operations and financial reporting. Key features highlighted include the use of ledgers and ledger sets to consolidate sets of books into a single instance and chart of accounts, enabling automated cross-ledger transaction posting and consolidated financial reporting. Additionally, multi-org access controls allow centralized management of customers, suppliers, and processes across operating units from a single global instance.

1. tel: 407.591.4950 | toll-free: 1.888.943.5363 | web: www.eprentise.com
Streamlining Functionality
In Release 12
an eprentise white paper

2. Streamlining Functionality In Release 12
© 2014 eprentise, LLC. All rights reserved.
eprentise® is a registered trademark of eprentise, LLC.
FlexField Express and FlexField are registered trademarks of Sage Implementations, LLC.
Oracle, Oracle Applications, and E-Business Suite are registered trademarks of Oracle Corporation.
All other company or product names are used for identification only and may be trademarks of their respective owners.
Author: Helene Abrams
Published: July 1, 2014
www.eprentise.com
Copyright © 2014 eprentise, LLC. All rights reserved. www.eprentise.com | Page 2

3. Streamlining Functionality In Release 12
“The global business release.”
This is how Oracle has referred to its current version of E-Business Suite (EBS), Release 12 (R12). And the
description is not wrong: R12 offers users unprecedented functionality, particularly when looking at global
operations. Previously, companies needed to rely on several sets of books, or even multiple instances, to
account for their entire enterprise – that was especially true for those that had implemented shared
services centers. But with the introduction of a common accounting engine with Subledger Accounting
(SLA) and a Multi-Org Access Control (MOAC), businesses can streamline their operations and financial
reporting by consolidating sets of books into ledger sets and reduce the number of instances they have.
Considering that there is no way to transact information directly from instance to instance, using a single
instance, in addition to adopting a single chart of accounts, is the best way to leverage R12.
Streamlined Reporting
Ledgers have replaced the concept of sets of books in EBS. A ledger can have its own accounting method,
calendar, currency and chart of accounts. Ledgers can then be combined into ledger sets to easily post
transactions across all the associated ledgers and subledgers, while still being able to provide a
consolidated view of all of the data. This means that a user can enter a single transaction into the primary
ledger, and by defining the accounting rules, the data will be updated to several other ledgers without the
need to reenter the same information multiple times.
In prior releases, modules such as Accounts Receivable and Accounts Payable contained their own rules
for posting accounting events into the General Ledger (GL). The universal posting engine streamlines the
close process. By applying standard accounting rules to all business transactions, SLA ensures consistent
financial reporting. If the business uses a single chart of accounts, the user only needs to define the rules
for posting transactions to the GL or to subledgers once, and then all the related subsidiary ledgers in a
ledger set will be updated automatically. Users need to support only one set of rules, and the
maintenance of rules is simplified.
A company operating in a global environment might need certain ledgers to comply with the statutory
requirements of a particular region or to report the same data in a different way for the corporate office.
For example, most organizations with foreign subsidiaries prepare their consolidated financial statements
according to IFRS (International Financial Reporting Standards) and also according to US GAAP (Generally
Accepted Accounting Principles) standards. Now, rather than consolidating the information with third
party programs, direct bolt-ons or, even worse, spreadsheets, subledgers allow businesses to
automatically present the information in a clear and correct way.
Enhanced Controls
Multi-Org Access Controls (MOAC) grant the ability to manage customers and suppliers across operating
units without affecting responsibilities. Users can be given permissions for multiple operating units, and
processes and transactions will then span those operating units. For example, MOAC increases the
efficiency of operating a shared services center with streamlined access, processing and reporting across
operating units.
Using MOAC, different rates, discounts and credit lines are easily determined, making it easier to
negotiate with suppliers and leverage purchasing power across the enterprise. A single global instance
Copyright © 2014 eprentise, LLC. All rights reserved. www.eprentise.com | Page 3

4. Streamlining Functionality In Release 12
with MOAC implemented allows customers to make decisions based on complete information, even when
the business crosses regions and divisions.
Conclusion
With the new functionality in Oracle E-Business Suite Release 12, a single global chart of accounts and a
single global instance reduces the time spent compiling, reconciling and consolidating financial data from
disparate systems and spreadsheets, and decreases the close time between the different modules and the
general ledger. Accounting policies can be standardized across the entire enterprise and everyone
adheres to the same set of rules and definitions. MOAC empowers users to effect changes across
operating units across an instance. Given these features, the data remains consistent, has full drill-down
and roll-up capability, auditability and visibility into all of the activity for the entire ledger set, which
ultimately ensures global corporate consistency and global visibility.
Curious?
For more information, please call eprentise at 1.888.943.5363 or visit www.eprentise.com.
About eprentise
eprentise provides transformation software products that allow growing companies to make their Oracle® E-Business
Suite (EBS) systems agile enough to support changing business requirements, avoid a reimplementation and lower the
total cost of ownership of enterprise resource planning (ERP). While enabling real-time access to complete, consistent
and correct data across the enterprise, eprentise software is able to consolidate multiple production instances, change
existing configurations such as charts of accounts and calendars, and merge, split or move sets of books, operating
units, legal entities, business groups and inventory organizations.
Copyright © 2014 eprentise, LLC. All rights reserved. www.eprentise.com | Page 4