new features in oracle fusion financial accounts receivables and account payables

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What’s New in Oracle Fusion Account Receivables and Payables Cloud Services?

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Agenda

Oracle Fusion Financials Cloud Services

New Features in Oracle Fusion Accounts Receivable

New Features in Oracle Fusion Accounts Payable

Q & A


Oracle Fusion Financials Cloud Service is part of Oracle Fusion Application, which are completely open, standard-based enterprise applications that function in the cloud via a web browser


It helps you to improve performance, lower your IT cost and gets better results. Whether you choose single module or product family or entire suite

Better Results

Improve Performance

Lower IT Cost


Implement Oracle Fusion Application by traditional on premise implementation approach or implement using cloud service

On-Premise Implementation Cloud Service Implementation


Fusion application and database are deployed in the cloud that can be portable and can be easily moved to/from a private cloud or on premise environment

Cloud Environment

On-Premise Environment

Payment & CollectionAccounts Payable


General Ledger

FUSION APPLICATION FINANCIALS

Asset Management

Accounts ReceivableCash & Expense

Management Common Modules

New Features in Oracle Fusion Account Receivables


Auto Lockbox

SmartReceipts•Fusion Receivables continues to support auto lockbox but has enhanced to apply receipts automatically using SmartReceipt•SmartReceipts functionality is extended to the receipts that are created manually or uploaded through excel

Fusion Receivable(Customer Receipts)

SmartReceiptsManual Receipt Entry

Receipt Via Spreadsheet


SmartReceipts:•Smart receipt uses payment information to apply receipts •Recommends best potential matches for exceptions•Recommended invoices are prioritize and displayed to user based on user defined matching rules•Using calculated score, users can quickly decide which payments to apply and which exception recommendations to use


Customer Recommendation

Threshold

AutoMatch Rule Set

Minimum Weighted Threshold

Combined Weighted Threshold

Days of Closed Invoices Threshold

Autoapply process adds customer information to the

receipt if score exceeds threshold

Autoapply process to apply receipt to a transaction

automatically

Autoapply process recommends transaction for receipt application if

score exceeds for one or more transactions

All transactions closed on or before the days provided

as threshold value


Weight Value

Combined Weighted Threshold 75%

Minimum Weighted Threshold (Customer) 20%

Minimum Weighted Threshold (Transaction Number) 70%

Minimum Weighted Threshold (Transaction Amount) 10%

Transaction Information in System Value

Customer Number 1001

Transaction Number 10010

Transaction Amount 120

Lockbox Information Value

Customer Number 1005

Transaction Number 10001

Transaction Amount 120

AutoApply Performs following

Customer Match (1 – ¼) * 100 = 75% Final Score = 20% of 75% is 15%

Transaction Match (1 – 1/5) * 100 = 80% Final Score = 70% of 80% is 56%

Amount Match (1 – 0/3) * 100 = 100% Final Score = 10% of 100% is 10%

Total = (15 + 56 + 10) = 81%Combined Weighted Threshold = 75%AutoApply automatically applies the receipt to the transaction


Query By Example


Select the transaction and click on Accept


Excel-based Receipt Entry :•Quickly create and update customer receipts•Increase users ability to process payments and remittance data•Leverage the inherent Excel functionality, such as copy and paste•Send spreadsheets to reviewers and approvers


Prepare excel file with receipt information and click in ‘Upload’


Receivables to General Ledger Reconciliation:•Quickly reconcile receivables to the general ledger to close your books faster•Ensure receivables activity is properly captured and reflected in the financial results•Exceptions are automatically identified•Reports expand account balance information from summarized to detail data for optimal reconciliations•Quickly investigate differences in balances with drilldowns


TransactionsTransactions

Fusion Account Receivables

Fusion Sub-Ledger Accounting

Balances

Fusion General Ledger

Reconciliation Report

Journals

New Features in Oracle Fusion Account Payables


Invoice Recognition

Review Invoice Page

Payables Specialist

Invoice Image Routing Process

Invoice Image in Invoice Work

Area

Import Image and Scan with

ODC

Recognize Image with

OCR

Image Store and Routing

Process and Review Invoice

Pay Invoices

Pay Invoice

Out-of-the box imaging integration for supplier invoices


Out-of-the box imaging integration for supplier invoices:•Reduce transaction processing costs•Reduce data entry errors with pre-populated invoice data•Eliminate the need for costly third-party solutions that require custom integration•Increase productivity for invoice approvals and audits by being able to access the invoice image through the invoice's lifecycle


Excel-based Invoice Entry:•Quickly enter and correct invoice import errors using a familiar environment•Reduce training costs•Reduce developing custom solutions to integrate invoice data from 3rd Party System


Enter or copy/paste the invoice information and click on ‘Save

and Submit Invoices’


Interactive Payables Dashboard:Payable dashboard is one place where you can view and take action to pay invoices on time while enforcing policy and internal controls


Interactive Payables Dashboard:•Displays accurate actionable information that ensures invoices are paid on time, improving internal controls & enforcing policies•Displays list of invoices pending for others approval, if you have questions, contacting them is easy by sending an email, making a phone call or instant messaging to expedite their approvals


Interactive Payables Dashboard:•Search & show all invoices for specific supplier, business units or approver•Immediate invoice payment, you can release hold for specific invoice, speeding up your payment purchasing


Interactive Payables Dashboard:•From a single location, monitor the status of the payment request that require your attention, so you can take the necessary action


Interactive Payables Dashboard:•Stop payment request can reviewed on dashboard, depending on the feedback from the bank, you can either void the payment or release the stop payment


Payables to General Ledger Reconciliation:•Quickly reconcile payables to general ledger to close books faster•Ensure payables activity is properly captured & reflected in the financial results•Quickly investigate differences in balances with drilldowns

TransactionsTransactions

Fusion Account Payables

Fusion Sub-Ledger Accounting

Balances

Fusion General Ledger

Reconciliation Report

Journals

Oracle Fusion Financial Other Key Features and Benefits

Oracle Fusion Financial Key Features

• Excel Based Customer Integration in Fusion Receivables

• Excel Based Supplier Integration in Fusion Payables

• Invoice Help Desk – Easily answer supplier queries or audit invoices with immediate access to a

complete snapshot of an invoice

Oracle Fusion Financial Key Benefits

• Close faster with visualization and monitoring of the close status for ledgers and sub-ledgers in

related subsidiaries

• Reduce transaction processing costs and data entry errors

• Save on training costs and increase productivity when handling large data volumes

Conclusion

Conclusion

The Oracle Fusion Financials user experience is designed to help you operate more accurately and efficiently, saving you time and money. The Oracle Fusion Financials user experience:

•Gives you what you need to see, when you need to see it•Helps you get it done fast, get it done right•Works the way you do

Thank You

new features in oracle fusion financial accounts receivables and account payables

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