R12 Oracle FinancialsNew Features Overview
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Transcript of R12 Oracle FinancialsNew Features Overview
R12 Oracle Financials New Features Overview
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Agenda
Why R12 was created
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
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Why R12?
Centralize, Simplify, Standardize
Compliant Financial Data
for Management
Con
trol
led
Con
trol
led
Tran
sact
ion
Tran
sact
ion
Ent
ryE
ntry
Comprehensive
Comprehensive
and compliant
and compliant
processing
processing
Tran
spar
ent
Tran
spar
ent
Aud
it,
Aud
it,
Rec
onci
liatio
n
Rec
onci
liatio
n
& D
rilld
own
& D
rilld
own
EasyEasy ReportingReporting
An
alyticsA
nalytics
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Architecture
Ledger & Ledger Sets
Subledger Accounting (SLA)DrDr CrCr
BankModel
Tax Engine
Inter-Company
Inventory
Purchasing
Payables ProjectsReceivablesWork in Process
Multi-Org Access Control
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Multi-Org Access Control (MOAC)
Single ResponsibilitySingle Responsibility
India
Legal Entity
India
Legal Entity
USA
Legal Entity
USA
Legal Entity
Denmark
Legal Entity
Denmark
Legal Entity
India
Operating Unit
India
Operating Unit
USA
Operating Unit
USA
Operating Unit
Denmark
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
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..)
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Subledger Accounting
SubledgerAccounting
Dr Ledger
French RulesPlan ComptableFrench CalendarEUR
Ledger
French RulesPlan ComptableFrench CalendarEUR
Cr
Payables Invoice
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Ledger
One Repository of Financial Truth Implements the 4 C’s:
Chart of Accounts
Currency
Calendar
Accounting Convention
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Ledger (Cont..)
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Ledger (Cont..)
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Ledger Sets
Ledger A
French RulesPlan ComptableFrench CalendarEUR
Ledger A
French RulesPlan ComptableFrench CalendarEUR
Ledger B
US GAAPUS COAUS CalendarEUR
Ledger B
US GAAPUS COAUS CalendarEUR
Ledger C
US GAAPUS COAUS CalendarUSD
Ledger C
US GAAPUS COAUS CalendarUSD
Ledger D
US GAAPUS COAUS CalendarAUD
Ledger D
US GAAPUS COAUS CalendarAUD
Reporting Currency
Ledger Set
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Operating UnitsOperating UnitsOperating UnitsOperating Units
Ledger Architecture
Legal
Entities
Legal
Entities
Primary Ledger
(local statutory)
option: reporting currency
Primary Ledger
(local statutory)
option: reporting currency
Secondary Ledger
(corporate)
Secondary Ledger
(corporate)
SLAsSLAs SLAsSLAs
Operating UnitsOperating Units
Legal
Entities
Legal
EntitiesLegal
Entities
Legal
Entities
Primary Ledger
(local statutory)
option: reporting currency
Primary Ledger
(local statutory)
option: reporting currency
Primary Ledger
(local statutory)
option: reporting currency
Primary Ledger
(local statutory)
option: reporting currency
Secondary Ledger
(corporate)
Secondary Ledger
(corporate)
Secondary Ledger
(corporate)
Secondary Ledger
(corporate)
Ledger Set
Transactions
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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
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.
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
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Oracle E-Business Tax
Tax Administration Services
Tax Administration Services
Tax Content Services
Tax Content Services
Tax Determination Services
Tax Determination Services
Partner Tax Services Interface
Partner Tax Services Interface
Partner Tax Content Interface
Partner Tax Content Interface
Tax Services Request ManagerTax Services Request Manager
Tax ServicesTax ServicesTax ContentTax ContentTax Partner
Services
Oracle E-Business Tax
Content Repository
Record Repository
E-Business SuiteE-Business Suite
Transaction Tax DataTransaction Data
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Advanced Global Intercompany System
Web UI
OpenInterfaces/API
Excel (Web ADI)
Subledger Invoices & Documents
Online Reconciliation
Reporting
XML Publisher Reports
Advanced Global Intercompany
System
General Ledger
SubledgerAccounting
DrDr CrCr
Receivables Payables
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Intercompany Capabilities
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Intercompany Transactions
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Intercompany Setup
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Reconciliation
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Centralized Banking
PurchasingPurchasing AssetsAssets
ReceivablesReceivables
PayablesPayables
InventoryInventory
Work in Work in ProcessProcess
LELE
OU AOU A OU BOU B OU COU C
ProjectsProjects
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Bank Model Example
OU A
OU B
OU CBank
Single Payment
Instruction
Invoices
Payments
Sub Ledger AccountingSub Ledger Accounting
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Data Management
CRMERP 3rd Party
TradingCommunityArchitecture
Governments, Geographies,
Authorities, etc.
Suppliers
Payables
PurchasingGlobal Tax
PartyInformation
Payments
Banks and Branches
CashManagement
Oracle Fusion Middleware
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XML Publisher
Invoices
Labels
Destinations XML/EFT/EDI
Reports
Checks
XML Publisher
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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
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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
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Summary
Why R12 was created
R12 architecture
New R12 features:
MOAC
Subledger Accounting and Ledger Sets
Legal enhancements
eBTax
Global Intercompany System
Centralized Banking
Reporting including XML Publisher
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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
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Contact Us
iWare Logic Technologies Pvt. Ltd.
Aditi Samruddhi,
Baner, Pune ,
India - 411045
Email: [email protected]
Website: www.iwarelogic.com