<Insert Picture Here>
Update R12 Financials
Brad Holzer
[email protected] Sales Consultant, Oracle E-Business Suite
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?
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?
EBS R12 available since Jan. 2007
Why Release 12
Path to Finance Transformation
Less 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
Complexity and Costs
How can I spend less money and time on transaction processing while supporting business growth?
Consolidate finance systems
Implement shared services Adopt best practices Manage compliance with one platform
Regulations and Oversight
How do I get a return on the expense of managing increasing regulatory and oversight demands and risk?
Integrate performance
management across the business
Profitable Growth
How do I partner with the business to make the right investments in products, people, projects, and processes to drive growth?
Synchronize financial and
operational data
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?
General Ledger
The Center of ERP
Projects
Inventory
Other
Cash Mgmt
General Ledger
Payables
Assets
Purchasing
Receivables
Release 12 Evolutionary New Architecture
Centralizing Key Architectural Components
Projects
Inventory
General Ledger
Other Cash Mgmt
General Ledger
Payables
Assets
Purchasing
Receivables
Centralized Accounting
Release 12 Trading Community Architecture
Centralization Extended
Intercompany
Projects Inventory
Trading Community Global Tax Banks & Accounts Centralized Accounting
Other
Cash Mgmt
Payables
Assets
Purchasing
Receivables
R12 Financial Organization
Ledger 1
Ledger Sets
Ledger 2
Ledger 3
Secondary Ledger
LE1
LE2
LE3
Dr
Cr
Centralized Accounting Engine
Dr
Cr
Bank & Payments
LE & Org Setup
Inter Company
Tax Engine
Inventory Purchasing
Role Based Access
Receivables Projects Payables Payables Purchasing Payables Purchasing Receivables
US Organization 1 Inventory
Inventory US Organization 2
EU Organization 1
Release 12 Evolutionary New Architecture
Centralizing Key Architectural Components
Projects
Inventory
General Ledger
Other Cash Mgmt
Payables
Assets
Purchasing
Receivables
Centralized Accounting
SLA keeps the Subledgers & GL tied out
Keep the auditors happy!
Subledger Applications Accounting Events
Accounting Configurations
Organization Setup
General Ledger
Accounting Program
Subledger Journal Entries GL Journal Entries and Balances
Transactions (& adjustments)
Reconciled: Docs, SLA, GL in synch
Subledger Balances
Default Distributions
Subledger Accounting Service
Ticked & Tied
SLA Controls that GL Balances and SLA Balances tie, and that both tie to the document (invoice, payment, etc.) sources
GENERAL LEDGER Cash Receivables Inventory Assets Prepayments Payables Accruals Shares Previous Results Balance Sheet Sales COGS R&D S&M G&A-Fin G&A-IT G&A-HR Period Income Income Statement
Closing Balance
Opening Balance
Debit
Credit
Closing Balance
100 1,000,000 500,000 100,000 1,000 (750,000) (250,000) (100,000) (501,100) -
3,500,000 3,000,000 1,200,000
2,750,000 3,500,000 1,500,000
2,800,000
2,700,000 50,000
10,500,000 1,500,000 300,000 300,000 300,000 150,000 150,000 300,000 24,000,000
10,500,000 3,000,000
24,000,000
750,100 500,000 200,000 100,000 1,000 (650,000) (300,000) (100,000) (501,100) (3,000,000) 1,500,000 300,000 300,000 300,000 150,000 150,000 300,000 -
Opening Balance SUBLEDGER ACCOUNTING Receivables Customer Customer Customer Customer Customer Total One Two Three Four Five 250,000 350,000 100,000 100,000 200,000 1,000,000
Debit
Credit
150,000 250,000 1,500,000 800,000 300,000 3,000,000
400,000 450,000 1,400,000 750,000 500,000 3,500,000
150,000 200,000 150,000 500,000
General Ledger
SLA Detail
Payables Vendor Vendor Vendor Vendor Total I II III IX (250,000) (100,000) (150,000) (250,000) (750,000) 1,000,000 75,000 725,000 1,000,000 2,800,000 900,000 50,000 775,000 975,000 2,700,000 (150,000) (75,000) (200,000) (225,000) (650,000)
Multiple Accounting Representations
Global Financial Reporting, Local and GAAP
Ledger B BE Rules BE Chart BE Calendar
Ledger A
US GAAP US COA US Calendar
EUR
EUR
Dr
Cr
Centralized Accounting
Single business transaction can create multiple accounting representations, in multiple currencies
Payables Invoice
Invoice Entered in Accounts Payable
SLA : Multiple Accounting Representations
Primary Ledger
Secondary Ledger
Multiple Ledgers
Efficient Ledger Sets
Ledger Set Share: Chart of Accounts Calendar
Ledger C
Ledger B BE Rules BE Rekeningplan BE Calendar
Ledger A US GAAP US COA US Calendar
EUR
EUR
Defined by 4 Cs: Accounting Convention Chart of Accounts Calendar Currency
US GAAP US COA US Calendar
USD
Ledger D US GAAP US COA US Calendar
GBP
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
Multiple Ledgers
Efficient Ledger Sets
Setting Up the Organization
11i 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
Accounting Setup Manager
R12 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 **
Release 12 Bank Account Changes
Centralized Bank & Bank Account Definitions
Intercompany
Projects Inventory
Trading Community Global Tax Banks & Branches Accounts Centralized Accounting
Other
Cash Mgmt
Payables
Assets
Purchasing
Receivables
Centralized Banking and Payments
Funds Disbursement and Capture
Bank account is now associated with LE entity rather than Operating Unit
OU C
LE
OU A
OU B
Single bank account serves multiple Operating Units Any and all Operating Units associated with a ledger can be permitted to use the bank account
Inventory
Receivables
Projects
Work in Process
Purchasing
Payables
Assets
E-Business Suite
Plus
Centralized Credit Card Model Credit Card Encryption Supplier & Customer Banks in TCA
Example: Shared Service Disbursement
OU A
OU B
Centralized Accounting
OU C
Single Payment Instruction
Bank
Payments
1. 2. 3.
Invoices
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
4. 5.
Enhanced Payment Processing
User Experience
Payables Payments Dashboard
Secure Treasury Operations & Information
With Seamless and Timely Bank Reconciliation
Bank Statement Open Interface Miscellaneous Transactions
Statements
Payroll
$ AR
Accounting Entries
Formats BAI2 SWIFT940 EDIFACT XML
Banks
$ General Ledger
Cash Management
AP
Treasury
Reconciliation Open Interface
External Systems
Meet Enterprise Cash Requirements
With Flexible Cash Forecasting
Release 12 Global Tax
Centralized Tax Determination & Reporting
Centralized Rules & Determination Improved Reporting Effective Dated Setup Tax Simulator
Intercompany
Projects Inventory
Trading Community Global Tax Banks & Accounts Centralized Accounting
Other
Cash Mgmt
Payables
Assets
Purchasing
Receivables
eBusiness Tax
Tax determination, not just tax codes
Before R12
User determines tax by assigning
R12
eBTax determines tax based on
Tax Codes
Tax rules in code Global descriptive flexfields for
facts about each transaction
Tax rules you can see
Tax attributes collected in fields on
country-specific tax attributes
Granular setup at OU level
key entities
Configure tax rules once per regime
and share with your legal entities
Facilitates compliance Improves auditability
39
Copyright Oracle Corporation, 2006. All rights reserved.
Oracle eBusiness Tax
Processing taxes for transactions and reporting
Transactions
Purchasing Parties
Single Interface for Transactions
Payables
Places Products
Determine Applicable Regimes Taxes
Tax Status & Rate
Taxable Basis
Calculate Tax Amount
Sales Orders
Processes
Transparent Integration with Tax Partner Services
Receivables
40
Tax Reports
- PDF, HTML, RTF - Security enabled
Tax Transactions
Taxes, Rules
Copyright Oracle Corporation, 2006. All rights reserved.
Global Tax
Regime to Rate Configuration
Regime
Tax
Status Rate
42
Copyright Oracle Corporation, 2006. All rights reserved.
Global Tax
Rules & Exceptions
43
Copyright Oracle Corporation, 2006. All rights reserved.
Release 12 Trading Community Architecture
Centralization Extended
Intercompany
Projects Inventory
Suppliers Banks & Branches Tax Geographies Improved Consistency
Trading Community Global Tax Banks & Accounts Centralized Accounting
Other
Cash Mgmt
Payables
Assets
Purchasing
Receivables
Suppliers in TCA
Leveraging centralized data model
Payables Purchasing
Global Tax
Payments
Geographies
Suppliers
Party Information
Cash Management
Banks and Branches
Trading Community Architecture
ERP
CRM
3rd Party
Suppliers in TCA
Release 12 Intercompany
Advanced Global Intercompany System
Intercompany Account Definition Integration with Payables & Receivables Improved Reconciliation Inter & Intra Company Balancing
Intercompany
Projects Inventory
Trading Community Global Tax Banks & Accounts Centralized Accounting
Other
Cash Mgmt
Payables
Assets
Purchasing
Receivables
Centralized Intercompany
Faster Period-End Close
Advanced Global Intercompany System
Manual Entry Open Interfaces / API
Subledger Invoices & Documents
Generate subledger invoices Control transaction entry with Intercompany Calendar Fully Configurable Approval Rules Centrally defined Intercompany Accounts Transaction-level balancing
Online Reconciliatio n Reporting
Excel (Web ADI)
XML Publisher Reports
Dr
Cr
General Ledger
Subledger Accounting
Receivables
Payables
Advanced Global Intercompany System (AGIS)
This is the Receivables Balance in Vision Sweden
This is the Payables Balance in Vision Norway
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.
Details of the journals in Vision Sweden
MOAC
Role-Based Access
More Productive Shared Services Operations
Perform multiple tasks across operating units without changing responsibilities
US
Legal Entity
Italy
Legal Entity
France
Legal Entity
Functional Tasks
Accounting Billing, Dunning & Collections Procurement Order Management Payments Data Management
US
Operating Unit
Italy
Operating Unit
France
Operating Unit
Responsibility
Responsibility SingleResponsibility Responsibility
MOAC in Action
BI Publisher
BI Publisher
Work Think Manage
Business Users Format and Deliver Documents
Data Sources
Oracle Applications
CRM Projects FMS HCM SCM XML
BI Publisher
Publishing Engine
Output Formats
PDF RTF HTML XML EDI Excel
Destination
Email Printer Fax
Templates
Letters Fund Transfers
Order Confirmations Online Paychecks Government Grant Forms
Any XML Data Source
Business User
Bills
Out with the Old
In with the New
BI Publisher
High Quality Enterprise Reporting
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
Change Management Video
Superior Ownership Experience
Better Upgrades
Continuity and Choice
Uptake new features
at your pace
Run your business the Minimize manual work
same way
Testing More customer database upgrades; more dependency analysis and management Upgrade Process Fewer pre- and post-upgrade steps Documentation More comprehensive functional upgrade impact; improved sizing guidelines; downtime reduction techniques
Business Case for Upgrading
Understanding the Options
11i
12
11.5.10
Fusion
Increase Productivity
New User Experience
New Background Pattern
New Buttons New Colors
New Fonts
New Icons
<Insert Picture Here>
300+ New Features
Evolution of Oracle Financials
Base Differentiators New in 11i.10 New in R12
Daily business intelligence
for financials Global single instance and shared service center support Global language, currency and regulatory support Unified data model Industry leading performance and scalability Unified customer model with data quality management tools Integrated collections management Online receipt and dispute management Online supplier procurement and payment management Property and real estate management
Compliance-driven financial
consolidation and reporting Enterprise planning and budgeting Audit operations, compliance and certification management Web services for financials XBRL financial reporting Enhanced bill presentment: user definable formats and online drill down capabilities Enhanced credit, collections, and trade management integration flow Self-service asset management Enhanced credit card business flow management Cash positioning and forecasting Project Management
Ledgers and ledger sets Centralized rules-based
accounting engine Single, global tax engine Centralized payments engine Common global intercompany system Shared services support with multi-org access Improved user experience Centralized data model for suppliers and banks Incentive Compensation enhancements Improved Collections Functionality New Project Management tools Enhanced Rev Recognition Enhanced Revenue Matching
CONFIDENTIAL: All capabilities and dates are for planning purposes only and may not be used in any contract
Why Upgrade
Less 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
Complexity and Costs
How can I spend less money and time on transaction processing while supporting business growth?
Consolidate finance systems
Implement shared services Adopt best practices Manage compliance with one platform
Regulations and Oversight
How do I get a return on the expense of managing increasing regulatory and oversight demands and risk?
Integrate performance
management across the business
Profitable Growth
How do I partner with the business to make the right investments in products, people, projects, and processes to drive growth?
Synchronize financial and
operational data
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?
89
R12 information available online for EBS customers
Oracle.com EBS Release 12 page on Oracle.com
The link for R12 Information Page on Oracle.com
EBS Release 12 User Guides on Oracle.com
The link for R12 User Guides on Oracle.com
Oracle Business Intelligence Applications
The link for BI Applications on Oracle.com
Oracle GRC Governance Risk Compliance Applications
The link for GRC Controls Suite Applications
Launch.Oracle.com
User Productivity Kit (UPK)
Oracles User Productivity Kit is the collaborative content development platform to drive user productivity and mitigate risk throughout all phases of the software ownership lifecycle
Documentation
Process Guides
User Acceptance Test Scripts
Training
Instructor-led Training
Web-based Training Job Aids Usage Tracking
Performance Support Material
Simulations
Go-Live
Application Coach Job Aids Usage Tracking
Multi-user Content Management Capabilities
UPK Single Source Development and Customization Developer
Check In/Check Out
Version Control History Rollback
R12 information available online for EBS customers
Metalink
EBS Release 12 Information Center on Metalink:
The link for R12 Information Center
EBS Release 12 RCDs (Release Content Documents) (Metalink Note: 404152.1):
The link for RCDs
EBS Release 12 Documentation Resources Overview (Metalink Note: 394692.1):
The link for the Documentation Resources
EBS Release 12 Translation Matrix (Metalink Note: 412218.1):
The link for R12 translation matrix
R12 EMEA Consulting Localizations for Belgium
R12 EMEA Consulting Localizations - Belgium
Q&A
Q U E S T I O N S A N S W E R S
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