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


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


Ledger A


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)


Secondary Ledger

(corporate)

Secondary Ledger

(corporate)

SLAsSLAs SLAsSLAs

Operating UnitsOperating Units

Legal

Entities

Legal

EntitiesLegal

Entities

Legal

Entities

Primary Ledger

(local statutory)


Primary Ledger

(local statutory)


Primary Ledger

(local statutory)


Primary Ledger

(local statutory)


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

1-27

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

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Contact Us

iWare Logic Technologies Pvt. Ltd.

Aditi Samruddhi,

Baner, Pune ,

India - 411045

Email: [email protected]

Website: www.iwarelogic.com