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Payables 9.0 and Fusion. Amrita Mehrok & Ramakrishnan Balaji Financials Product Strategy.
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Payables 9.0 and Fusion Amrita Mehrok & Ramakrishnan Balaji Financials Product Strategy
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Agenda • Enhancements in 9.0 • Update on Fusion • Questions
Enhancements in 9.0 • Voucher Processing • Withholding Improvements • Mass payment cancellation • OFAC Compliance
Voucher Processing • Session defaults for regular voucher • Copy down distribution lines on the voucher • Sales/Use Tax summary • Related documents • Invoice printing • Miscellaneous enhancements
Miscellaneous Enhancements • Voucher comments hyperlink will let the user know if comments exist (e.g. Comments(1) if exists or Comments (0) if it does not exist) • Added business unit and voucher id to the bottom left hand corner of Invoice information page • Added document status inquiry on the voucher summary page. • Added links on the document status inquiry pages to navigate to accounting entries, budget exceptions, match workbench
Withholding Improvements • A new run control page that will run the following 3 processes • 1099 report post • 1099 report • 1099 Copy B • Removed the limitation of having only one set of chartfields for withholding liability entries and one remit vendor for withholding payment remittance
OFAC Compliance • Provides 2 options for validating the vendors against the SDN (Specially Designated Nationals) list • Maintain the SDN list internally by importing the list that is published by OFAC and have the applications validate against it • Invoke a 3rd party application (e.g. Trade point) that maintains the list through a web service
OFAC Compliance • Provides capability to import the SDN (Specially Designated Nationals) list which is maintained by OFAC (Office of Foreign Assets Control) • Provides a web service for other 3rd party applications that needs to check against this SDN list • Payables will use this list to verify the vendors during voucher and payment creation • Integrates with Trade point for verifying the vendors
Agenda • Enhancements in 9.0 • Update on Fusion • Questions
Business Challenges… Efficiency through Shared Services Provide real-time visibility to customers Globalization Structure for fast innovation Comply with new regulations Knowing your Customer
Oracle’s Application Vision • Applications driven by business processes • From implicit to explicit processes • Business Intelligence is not an afterthought • Good BI needs to be in the DNA of applications • Applications that can be configured and integrated with ease • Applications must increasingly fit in a heterogeneous environment • Applications that are cheaper to deploy and operate
Oracle’s Core Beliefs • Industry Relevance is a must • We have to know and manage industry processes in minute detail • Application customers want consolidation • Standards always win • At a business level (Rosettanet, HL7, SWIFT etc.) • At a technology level (J2EE, WSI-*, XML etc.) • Providing a full technology stack is an advantage • Significantly reduces cost
Oracle’s Application Portfolio • EBusinessSuite • PeopleSoft Enterprise • Siebel • JD Edwards EnterpriseOne • JD Edwards World • Oracle Retail • i-flex (part ownership)
Business Process Data Customer Information Employee Information Product Information Applications App App App App App App App Infrastructure Application Infrastructure Application Infrastructure Hosted Infrastructure Desired Architecture Suppliers Customers Partners Employees Analytics & Collaboration Orchestration Orchestration Platform
Application Roadmap JD Edwards World enhancements • Continue releasing PS Enterprise R8.9 • Fusion Architecture • Enhanced Support • Fusion Middleware Certification • Fusion BPM Integration • Oracle EBS 12 • PeopleSoft Enterprise 9.0 • Siebel 8.0 • JD Edwards EnterpriseOne 8.12 • First use of Fusion technology • Data Hubs & Transaction Bases • Fusion Application Suite • Individual Fusion Applications 2005 2006 2007 2008
Significant steps into Fusion Delivered in 2006 on current product releases Incremental capability, non disruptive Increase business value Improved insight and user access Better information management Business modeling support First Use of Fusion Technology
Enable business analysts to model and adapt processes to accommodate changing business requirements Processes Rules Functionality Layered configuration to protect adaptation through upgrades In 2006: BPM for Siebel and additional industry solutions Fusion RoadmapBusiness Process Flows Example: HCM Employee Onboarding
Standardize on high performance, high fidelity, standards-based tool Easy, intuitive, end-user report development within desktop applications. Open to any data source, across the enterprise Allows customers to adopt the Fusion reporting technology now In 2006: Begin delivery of libraries of Fusion reports in EnterpriseOne, Enterprise, and E-Business Suite Fusion Roadmap Fusion Reporting
Oracle, PeopleSoft, JDE integration services repository delivered Standardized access integration points across the Oracle portfolio Compliant with Web Services standards (e.g., UDDI) Organized by business process and by industry In 2006: Extended directory for Fusion services Mapping to current integration repositories Fusion Roadmap Publish Web Services Repository
Oracle’s Approach Talk, Listen, and Work with Customers and Partners Fusion Strategy Council CIO Advisory Board Customer Surveys Customer Care Services User Groups CABs Oracle Partner Network Executive Sponsors Actionable Information Ability to rapidly adapt Lower risk, cost, and complexity
The Process Identify EBSFunctionalityGaps Delta Assessmentof ProductFeatures Identify EBSFunctionalityGaps Global MarketAssessments DeltaAssessment Requirements Phase Output CustomerInput ReleasePlan BusinessProcessDiagrams ApplicationsKey Initiatives:BI, SOA, SOE,UE, Industry Oracle Sales &LoB Input Statementsof Direction BusinessRequirementsDocuments Net NewFunctionality CorporateDrivers
Suppliers IntegratedApps IntegratedApps CertificationAuthority Supplier’sAcct Receivables Supplier’sBank Buyer’sBank Business Processes & Web Services LegacySystems Oracle SOAWeb Services<XML> ScannedOCR Invoice InvoiceCredit MemoDebit Memo DEMATService OFAC ReceiveInvoice Match Approve CreatePayment BankRecon Procure to PayBusiness Process . . Oracle SOAWeb Services<XML> PaymentHold PaymentOrder DebitMemo RemittanceAdvice FormattedPayment BankStatement LegacySystems . .
FusionWhat You Can Expect • Vast majority of customers will be able to upgrade all their current products with Fusion applications in 2008 • Your move to Fusion is an upgrade • Customization inventory • Architectural approach defined • Upgrade development work begins this year • Upgrade CAB forming • Lifetime support - customers will upgrade to Fusion based on their business needs, not because we force them off their current products
Suggested Next Steps • Step 1: Protect investment by adopting the the latest releases • Gain significant additional functional value, retire customizations • Unify operational infrastructure with Fusion Middleware and Grid • Step 2: Extend the value of existing implementation • Gain better business insight with BI Tools: reporting and BAM dashboards • Standardize, optimize, or specialize enterprise business processes (SOA+) • Improve master data management with customer/product data hubs • Step 3: Evolve to Fusion Applications • Use Oracle and Partner services to scope and prioritize business value • Use modeling tools to catalog planned process & intelligence adaptations • Anticipate a project to develop skills and gain experience
Suggested Next Steps Step 1 Protect Upgrade to current release Adopt Fusion Reporting Step 2 Extend Adopt Fusion BPEL Process Manager Adopt Fusion Analytics Step 3 Evolve Upgrade operational transactional systems to Fusion 2005 2006 2007 2008
Q & A
Contacts Amrita Mehrok, Senior Manager Financials Strategy email@example.comRamakrishnan Balaji, Principal Product ManagerFinancials Strategy firstname.lastname@example.org
Customer Survey The usages surveys are live as of, Monday, April 3rd on the www.IOUC.org website Select the “Fusion Channel” tab then click the PeopleSoft Applications Product Usage Surveys button. The surveys will be available for customers to respond to until April 30th.