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Update R12 Financials

Update R12 Financials . Brad Holzer Brad.holzer@oracle.com Sales Consultant, Oracle E-Business Suite. 1. Agenda. Why Release 12 ? What do I need to know about Release 12? Why should customers upgrade? Where do I go to learn more? Questions?. 2. Agenda. Why Release 12 ?

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Update R12 Financials

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  1. Update R12 Financials Brad Holzer Brad.holzer@oracle.com Sales Consultant, Oracle E-Business Suite 1

  2. Agenda • Why Release 12 ? • What do I need to know about Release 12? • Why should customers upgrade? • Where do I go to learn more? • Questions? 2

  3. Agenda • Why Release 12 ? • What do I need to know about Release 12? • Why should customers upgrade? • Where do I go to learn more? • Questions? 3

  4. EBS R12 available since Jan. 2007

  5. Why Release 12

  6. Path to Finance TransformationLess Transaction Processing, More Business Support Globalization “How do I manage complexity of complying with international regulations, tax codes, and financial reporting standards?” • Standardize processes • Centralize accounting/tax setup and maintenance • Consolidate finance systems • Implement shared services • Adopt best practices • Manage compliance with one platform • Integrate performance management across the business • Synchronize financial and operational data Complexity and Costs “How can I spend less money and time on transaction processing while supporting business growth?” Regulations and Oversight “How do I get a return on the expense of managing increasing regulatory and oversight demands and risk?” Profitable Growth “How do I partner with the business to make the right investments in products, people, projects, and processes to drive growth?”

  7. Agenda • Why Release 12 ? • What do I need to know about Release 12? • Why should customers upgrade? • Where do I go to learn more? • Questions? 8

  8. Other Projects General Ledger Cash Mgmt Assets Inventory Purchasing Receivables Payables General LedgerThe Center of ERP

  9. Other Projects General Ledger Centralized Accounting Cash Mgmt Assets Inventory Purchasing Receivables Payables Release 12 – Evolutionary New ArchitectureCentralizing Key Architectural Components General Ledger

  10. Other Projects Centralized Accounting Centralized Accounting Cash Mgmt Intercompany Global Tax Banks & Accounts TradingCommunity Assets Inventory Purchasing Receivables Payables Release 12 – Trading Community ArchitectureCentralization Extended

  11. Ledger 1 Ledger 2 Ledger 3 Ledger Sets LE3 LE2 LE1 -% Centralized Accounting Engine Bank& Payments Tax Engine InterCompany LE & Org Setup Role Based Access US Organization 1 Inventory Inventory Inventory Dr Dr Cr Cr Receivables Receivables Projects EU Organization 1 Payables Payables Payables Purchasing Purchasing Purchasing US Organization 2 R12 Financial Organization Secondary Ledger

  12. Other Projects Centralized Accounting Cash Mgmt Assets Inventory Purchasing Receivables Payables Release 12 – Evolutionary New ArchitectureCentralizing Key Architectural Components General Ledger

  13. Transactions (& adjustments) Accounting Events Organization Setup DefaultDistributions SLA keeps the Subledgers & GL tied outKeep the auditors happy! Subledger Applications Accounting Configurations General Ledger Subledger Journal Entries Accounting Program GL Journal Entries and Balances Subledger Balances Reconciled:Docs, SLA, GL in synch Subledger AccountingService

  14. SLA Controls that GL Balances and SLA Balances tie,and that both tie to the document (invoice, payment, etc.)sources General Ledger SLA Detail Ticked & Tied

  15. Ledger A Ledger B BE Rules BE Chart BE Calendar EUR US GAAPUS COA US Calendar EUR Dr Cr CentralizedAccounting Payables Invoice Multiple Accounting RepresentationsGlobal Financial Reporting, Local and “GAAP” Single business transaction can create multiple accounting representations, in multiple currencies

  16. Invoice Entered in Accounts Payable

  17. SLA : Multiple Accounting Representations Secondary Ledger Primary Ledger

  18. Share: • Chart of Accounts • Calendar Ledger Set Ledger C US GAAP US COA US Calendar USD Ledger A • Defined by 4 C’s: • Accounting Convention • Chart of Accounts • Calendar • Currency US GAAPUS COA US Calendar EUR Ledger D US GAAP US COA US Calendar GBP Multiple Ledgers Efficient Ledger Sets Ledger B BE Rules BE Rekeningplan BE Calendar EUR • Ledger Set Benefits: • Cross/Multiple Ledger processing and reporting • Data and definitions that can be shared and secured • Native support for multiple accounting representations Reporting Currency

  19. Multiple Ledgers Efficient Ledger Sets

  20. Setting Up the Organization11i User Experience • Define/Assign Set of Books, Specify Conversion options/rules Defining a set of books takes 5 tabs to accommodate all fields and rules Multiple steps required to assign sets of books and specify conversion options/rules

  21. Accounting Setup ManagerR12 Single Page for Accounting Setup Define legal entities dashboard Assign/view legal entities Define ledger (set of books) Define operating units ** Setup which had comprised multiple steps across many forms is now consolidated into one dashboard **

  22. Other Projects Centralized Accounting Cash Mgmt Intercompany TradingCommunity Global Tax Banks & Branches Banks & Accounts Assets Inventory Purchasing Receivables Payables Release 12 – Bank Account ChangesCentralized Bank & Bank Account Definitions

  23. Centralized Banking and PaymentsFunds Disbursement and Capture • Bank account is now associated with LE entity rather than Operating Unit • Single bank account serves multiple Operating Units • Any and all Operating Units associated with a ledger can be permitted to use the bank account LE OU B OU A OU C Inventory Receivables Receivables Projects Projects Plus Work in Process Assets Payables Payables Purchasing E-Business Suite • Centralized Credit Card Model • Credit Card Encryption • Supplier & Customer Banks in TCA

  24. Example: Shared Service Disbursement OU A OU B Centralized Accounting Single Payment Instruction OU C Bank Payments • Setup accounting policies • Select invoices from multiple OUs • Format for bank and disbursement countries • Send single instruction to bank • Generate separate payments for each OU Invoices

  25. Enhanced Payment Processing

  26. User ExperiencePayables’ Payments Dashboard

  27. Bank Statement Open Interface Statements Miscellaneous Transactions • Formats • BAI2 • SWIFT940 • EDIFACT • XML Payroll Banks AR $ Accounting Entries GeneralLedger $ $ CashManagement AP Treasury ExternalSystems Reconciliation Open Interface Secure Treasury Operations & Information With Seamless and Timely Bank Reconciliation

  28. Meet Enterprise Cash Requirements With Flexible Cash Forecasting

  29. Other Projects Centralized Accounting Centralized Accounting Cash Mgmt Global Tax Global Tax Banks & Accounts Intercompany TradingCommunity Assets Inventory Purchasing Receivables Payables Release 12 – Global TaxCentralized Tax Determination & Reporting • Centralized Rules & Determination • Improved Reporting • Effective Dated Setup • Tax Simulator

  30. eBusiness TaxTax determination, not just tax codes… Before R12 R12 • eBTax determines tax based on facts about each transaction • Tax rules you can see • Tax attributes collected in fields on key entities • Configure tax rules once per regime and share with your legal entities • Facilitates compliance • Improves auditability • User determines tax by assigning Tax Codes • Tax rules in code • Global descriptive flexfields for country-specific tax attributes • Granular setup at OU level

  31. Parties Places Purchasing Products Payables Processes Calculate TaxAmount Tax Status& Rate DetermineRegimes ApplicableTaxes Taxable Basis Sales Orders Receivables Tax Transactions Taxes, Rules Tax Reports - PDF, HTML, RTF- Security enabled Oracle eBusiness TaxProcessing taxes for transactions and reporting Transactions Single Interface for Transactions Transparent Integration with Tax Partner Services …

  32. Global TaxRegime to Rate Configuration Regime Tax Status Rate

  33. Global TaxRules & Exceptions

  34. Other Projects Centralized Accounting Centralized Accounting Cash Mgmt Global Tax Intercompany TradingCommunity TradingCommunity Banks & Accounts Assets Inventory Purchasing Receivables Payables Release 12 – Trading Community ArchitectureCentralization Extended • Suppliers • Banks & Branches • Tax Geographies • Improved Consistency

  35. Cash Management Payments Global Tax Payables Purchasing -% Suppliers in TCALeveraging centralized data model Geographies Party Information Banks and Branches Suppliers Trading Community Architecture ERP 3rd Party CRM

  36. Suppliers in TCA

  37. Other Projects Centralized Accounting Cash Mgmt Intercompany TradingCommunity Global Tax Banks & Accounts Intercompany Assets Inventory Purchasing Receivables Payables Release 12 – IntercompanyAdvanced Global Intercompany System • Intercompany Account Definition • Integration with Payables & Receivables • Improved Reconciliation • Inter & Intra – Company Balancing

  38. SubledgerInvoices &Documents General Ledger Receivables Payables Centralized Intercompany Faster Period-End Close Advanced GlobalIntercompanySystem Manual Entry Open Interfaces / API • Generate subledger invoices • Control transaction entry with Intercompany Calendar • Fully Configurable Approval Rules • Centrally defined Intercompany Accounts • Transaction-level balancing Online Reconciliation Reporting Excel(Web ADI) XML Publisher Reports Dr Cr Subledger Accounting

  39. Advanced Global Intercompany System (AGIS) This is the Receivables Balance in Vision Sweden This is the Payables Balance in Vision Norway

  40. Totals of the journals posted in each of the Legal Entities grouped by source and category The Payables balance in Vision Norway is less than the Receivables balance in Vision Sweden indicating Payables Invoices have not been posted.

  41. Details of the journals in Vision Sweden

  42. MOAC

  43. Functional Tasks • Accounting • Billing, Dunning & Collections • Procurement • Order Management • Payments • Data Management SingleResponsibility Role-Based AccessMore Productive Shared Services Operations Perform multiple tasks across operating units without changing responsibilities Italy Legal Entity US Legal Entity France Legal Entity France Operating Unit US Operating Unit Italy Operating Unit Responsibility Responsibility Responsibility Responsibility Responsibility Responsibility

  44. MOAC in Action

  45. BI Publisher

  46. Work Think Manage BI PublisherBusiness Users Format and Deliver Documents BI Publisher Data Sources Output Formats Destination Oracle Applications Publishing Engine • Email • Printer • Fax PDF RTF HTML XML EDI Excel XML CRM Projects FMS OrderConfirmations Templates Letters HCM FundTransfers OnlinePaychecks SCM GovernmentGrant Forms Bills Business User Any XMLData Source

  47. Out with the “Old”

  48. In with the “New”

  49. BI PublisherHigh Quality Enterprise Reporting

  50. Agenda • Why Release 12 ? • What do I need to know about Release 12? • Why should customers upgrade? • Where do I go to learn more? • Questions? 63

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