ESOAUG R12 WhatsNew FINANCIALS

E-Business Suite What’s New in Release 12 Connie Barbon, Oracle Senior Sales Consultant Agenda What’s New in R12 • Overview • Financials • Major Initiatives • Other “cool stuff” • Not really R12… • Q&A • Additional content on Projects and Human Capital Management included in slide deck New User Experience A New User Experience for R12 Accelerate global roll-outs with simplified user interface and business flows • Reduced pop-ups and duplicate screens • Re-designed and streamlined entire workflows • Reduced the number of steps to complete key tasks • Improved overall look & feel and visual style • Increased personalization capabilities Improved Workflow in Targeted Areas • Campaign Management • Customer Support • Collections & Payments • Loan Management • Financial Consolidation • Online Candidate Registration • Absence Management • Salary Administration • Self-Service Purchasing • Sourcing • Supplier Collaboration • Business Intelligence New User Experience New Background Pattern New Buttons New Colors New Fonts New Icons 11i User Experience - example • Define/Assign Set of Books, Specify Conversion options/rules Defining a set of books takes tabs to accommodate all fields and rules Multiple steps required to assign sets of books and specify conversion options/rules Superior Ownership Experience R12 - Single Page for Accounting Setup • Legal Entities • Ledgers • Currencies • Balancing Segments • Subledger Accounting • Operating Units • Balancing Options Oracle Financials What’s New in Release 12 What’s New in R12 Financials Major Initiatives Ledger and Ledger Sets Subledger Accounting MOAC Intercompany General Ledger Ledger & Ledger Sets Dr Cr Subledger Accounting (SLA) Tax Engine Inter Company Bank Mod el Tax Engine Bank Model MultiOrg Access Control Work in Process Inventor y Receivables Purchasing Payables Projects Ledgers and Ledger Sets User Productivity Kit (UPK) What is UPK … … a comprehensive, cost-effective solution that helps your organization quickly create critical documentation, training, and support materials needed to drive project team and increase user productivity throughout the lifecycle of your software • You Perform a transaction, Record it, and Publish it • • • • Training Guides Web-based Training Job Aids Test Scripts WORKS WITH 11.5.9 and above UPK Playback Modes • See It! Enables you to learn by watching an animated demonstration of tasks being performed in a simulated environment • Try It! Enables you to learn interactively in a simulated environment The Player provides you with instructions as to what needs to be done to complete a task, but you perform the actual steps • Know It? Enables you to test knowledge gained from training You are instructed to complete the steps for a particular task and are scored on how accurately you complete the steps • Do It! Guides you in the performance of the actual task in a production environment You learn by completing the actual task New in Financial Control & Reporting Highly automated financials processing drives efficiencies • Centralized accounting setup • Streamlined multiple ledger processing and reporting • Parallel financial reporting • Automatic reporting currency conversion EFFICIENCY EFFICIENCY • Replacement for disabled accounts • Data security across legal entities, ledgers or balancing segment values • Control Accounts FLEXIBILITY FLEXIBILITY • Accounting and reporting sequencing • Journal line reconciliation AUDITABILITY AUDITABILITY New in Procure-to-Pay Integrated Suite Optimizes Working Capital • Document line level entry and approval • Non-PO invoice accounting entry by approvers • Invoice dispute management • Real-time status of purchasing contract T&Cs and PRODUCTIVITY invoicing activity in Oracle Payables and Purchasing • Self-service opportunities via iSupplier Portal to a broader set of their suppliers • Self service entry extended to receipt matched, complex Work Purchase Orders, and non-PO invoices COST COST SAVINGS • Streamlined supplier setup and maintenance as part of Trading Community Architecture (TCA) • Access to TCA features INTEGRATION New in Credit-to-Cash Accelerate cash cycle and manage revenue with fiscal discipline • • • • Daily revenue recognition Deferral reason for goods and services COGS and revenue matching Line level cash application COMPLIANCE COMPLIANCE • More efficient payment application with Oracle Payments integration • More targeted and efficient collections with configurable matrix • Credit recommendation enhancements • Conversion of delinquent receivables to payment plans BETTER CASH FLOW • Visibility to carry-forward balances with cycle-based billing • Payment application according to customer preferences INDUSTRY SUPPORT New in Cash and Treasury Optimize Cash and Treasury Operations • Centralized and consolidated bank model • Single bank account shared by multiple organizations • Bank account transfers directly in Cash Management • Funds optimization with cash pooling and zero balancing EFFICIENCY • Configurable and centralized payments engine • Full audit trail and control with single point of payment administration • Straight through processing (STP) for payments • Real-time visibility into cash inflows and outflows • Large library of payment formats and validations COMPLEXITY COMPLEXITY • Simplified reconciliation of bank statements to cash transactions in multiple organizations • Support for new bank account balance types in bank statement import • Bank account-level reconciliation options and tolerances FLEXIBILITY FLEXIBILITY New in Asset Management Maximize return on assets • Automate legacy asset conversion with enhanced preparation of Mass Additions • Perform rollback on select assets with Automatic Depreciation Rollback • Group Assets to include “Units of Production” method • Energy straight-line depreciation method • Asset impairment of a producing asset EFFICIENCY PERFORMANCE INDUSTRY INDUSTRY SUPPORT SUPPORT New in Travel & Expense Lower the total cost of travel and expense • CONUS and OCONUS global per diem rates • Per diem and policy schedules LOWER LOWER COSTS COSTS • Expense splitting across multiple accounting segments • Enhanced cost center and projects approvals ACCURACY ACCURACY • Self-service cash advance application during entry • Bar code generation • Streamlined receipts management with receipts tracking and receipts missing capabilities PRODUCTIVITY PRODUCTIVITY Why Upgrade ? Why Upgrade Straight Talk from Customers “We have 60 sets of books and see tremendous efficiencies with running processes across these sets of books using Ledger Sets.” “Ability to issue one payment instruction to the bank for payments of invoices in multiple operating units was viewed as a huge benefit from the user community.” “Multi-Org Access Control (MOAC) will definitely reduce the workload and the number of people performing process related tasks The users are very excited and the benefits of MOAC were readily visible to them.” “The ability to access multiple operating units with a single responsibility can simplify SOX compliance monitoring.” “The functionality offered with Advanced Global Intercompany System (AGIS), specifically the creation of physical invoices to be created for I/C transactions in Payables and Receivables eliminates many customizations in this area.” “Centralization of subledger accounting rules would minimize set up and maintenance, providing greater financial control, and enforcing a consistent approach for true global accounting.” “Banks, taxes, payments, and accounting – everything that becomes centralized will bring tremendous efficiencies to our organization.” Evolution of Oracle Financials Base Differentiators… • 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 New in 11i.10… • 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 • Supplier open interface New in R12… • Ledgers and ledger sets • Centralized rules-based accounting engine • Single, global tax engine • Unified bank account model • Centralized payments engine • Common global intercompany system • Shared services support with multi-org access • Improved user experience • Centralized data model for suppliers and banks • Accounting & consolidation engine for Financial Services • Multi-dimensional profitability analysis • Fusion Middleware certification • Enhanced integration repository • Retek integration Q&A