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Oracle Receivables Update

Oracle Receivables Update. June Sun Product Strategy Manager – Receivables Nancy Beardsley Principal Sales Consultant January 24, 2006. Agenda. New Features in Financials Family Pack G Sneak Peek into R12 FUSION Process Q&A. New Features in Family Pack G.

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Oracle Receivables Update

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  1. Oracle Receivables Update June Sun Product Strategy Manager – Receivables Nancy Beardsley Principal Sales Consultant January 24, 2006

  2. Agenda • New Features in Financials Family Pack G • Sneak Peek into R12 • FUSION Process • Q&A

  3. New Features in Family Pack G

  4. Oracle Receivables (Family Pack G)Get the Cash and Manage the Revenue • Instill Corporate & Fiscal Discipline • Revenue Management Enhancements • Receivables Reconciliations Enhancements • Optimize Customer Relationships • Refunding of Customer Credits (Electronic Refunds) • Increase Efficiencies and Improve Cash Flow • Credit Card Error Handling • Deduction Management Enhancements • Additional Bills Receivable Reference Field

  5. Revenue Management EnhancementsComply with Regulatory Pronouncements • Enhanced Payment-Based Revenue Recognition • Payment-Based Revenue Recognition extended to Oracle Lease Management and Oracle Loans out-of-the-box • COGS and Revenue Matching Report • Available in Detail and Summary

  6. Simplified COGS & Revenue Matching Compliance Automated COGS and Revenue Matching functionality planned for R12

  7. Enhanced AR Reconciliation Process

  8. Enhanced AR to GL Reconciliation Process

  9. AR Reconciliation Report Screen Shot AR Recon Postable vs. Non-Postable Journal Totals Compare Accounting and Transactional Data Details Coincide with Register Data Aged vs. Non-Aged

  10. Potential Reconciling Items Report Potential Reconciling Items Reportscreen shot Asset Account in Non-Asset Category

  11. Enhanced Receivables ReconciliationReconcile Your ReceivablesEasily and Efficiently Create Your Own Templates

  12. Refunding of Customer Credits

  13. Credit Card Error HandlingAutomate Exception Processing setup Select Actions & Notes Based On Error Codes

  14. Credit Card Error HandlingManual Error Correction

  15. Deduction Management EnhancementsReduce Claim Resolution Time • Open ReceiptDefaulting Option • View open receipts in the Receipt Applications “Apply To” LOV and the “Search & Apply” window • Claim Information Sharing • Additional Claim information will be available in the Receipt Applications and “Search and Apply” application windows to perform receipt-to-receipt applications of open claims.

  16. Sneak Peek at R12

  17. R12 Key Initiatives • Sub-Ledger Accounting Architecture • Single Accounting Engine! • eTax • Common Model for electronic payment Processing • Shared Services • Legal Entities • Intercompany

  18. R12 Top Planned Features • Revenue Management Enhancement • Partial Period Revenue Recognition • Revenue Contingencies • COGS and Revenue Matching • Line Level Cash Applications • Refunds • Enhanced Consolidated Billing(Balance Forward Billing) • Late Charges (Interest Invoice) • Credit Card Chargebacks

  19. Fusion Applications

  20. PeopleSoftEnterprise JD EdwardsEnterpriseOne OracleE-Business Suite Best Practices Best Practices Best Practices Oracle Fusion Application Suite Fusion Will Evaluate the “Best of” Functionality From E, E1, & EBS

  21. ORCL 11i.10 CUs • PSFT 8.9 • JDE 8.11 • Retek Integration • XML Publisher / Discoverer • ORCL 12 • PSFT 9.0 • JDE 8.12 • JDE World A8 • Use of BPEL / BAM • Operational Dashboards • Fusion Data Hubs / Industry Trx Bases • First FusionApplications • FusionApplicationsSuite 2005 2006 2007 2008 The Fusion Roadmap Fusion MiddlewareCertification Information Age Applications Fusion Architecture

  22. Fusion Application Design PrinciplesNext Generation Applications • Greatest Business Insight • Real-time operational analysis & ability to take action • How? New user interface, integrated intelligence • Adaptive Business Processes • Simpler to integrate and customize • How? Investment in SOA & components • Superior Ownership Experience • Goal: Increased automation, Lower Cost of Maintenance • How? Investment in technology for use by applications • User Experience • Industry

  23. Q & Q U E S T I O N S A N S W E R S A

  24. Configuring Oracle for Revenue Recognition Food for Thought

  25. Ideas to Help Solve Revenue Recognition Challenges • Utilizing Bill Presentment Architecture • Flexfields in AR and OM to Capture Data • Separate Invoicing from Revenue Accounting • Advanced Pricing Formulas to Derive Revenue Amounts in Order Management • Utilize Pricing Attributes and Modifiers • Revenue Adjustment API To Trigger Revenue Recognition Based on POS Data • Trade Management Calculates Distributors’ Inventory

  26. Standard Order Management

  27. Amount Utilized to Record Revenue

  28. Bill Presentment Amount(What the Customer Will See)

  29. Rev. Recognition Rules Derived at Individual Item Level

  30. Utilizing Adv. Pricing to Derive Revenue Allocation

  31. Item Linked to a Formula on Price List

  32. Advanced Pricing - It’s Just Algebra!! Used to Calculate Weighted Avg.

  33. B.P.A. Example

  34. B.P.A. Example Add OM or AR Flexfields

  35. B.P.A. Example Need To Add Flexfields to Std. OM View

  36. B.P.A. Patch • Patch number is 11i 4520764.  • This patch provides an enhanced attribute list for Template Assignment. • The following content items from the Oracle Receivables Invoice Header View have been seeded as new template assignment attributes: • Batch Source • Transaction Type • Context Reference • Interface Header Attributes 1...15

  37. Automate Reclass (FIFO Basis) Disti Order Ships Invoice Generates Recognize Revenue Defer Revenue Rev.Adj. API Update “Inventory In” Update “Inventory In” Update “Inventory Out” Call AR API New “Ending Inventory” New “Ending Inventory” Receive POS Data Typical Distributor Revenue Flow

  38. Recognize Revenue Upon Sell-Thru By Utilizing Revenue Adjustment API Utilize to Trigger Reclass from Deferred to Realized via Revenue Adjustment API

  39. Create a New Rule Be Sure to Checked the Deferred Revenue box. When assigned to the invoice line, revenue will be deferred indefinitely.

  40. Q & Q U E S T I O N S A N S W E R S A Thanks for Attending!

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