Oracle E-Business Suite What’s New in Financials Release 12 Sue Guggenberger Sales Consultant.

Oracle E-Business SuiteWhat’s New in Financials Release 12

Sue GuggenbergerSales Consultant

© 2006 Oracle Corporation – Proprietary and Confidential

Today’s Quiz

Implemented standard processes across the enterprise?

35% 55% 75%

Adopted a standard chart of accounts across the enterprise?

26% 56% 86%

Adopted functional best practices across the enterprise?

12% 32% 52%

Rationalized finance platforms? 7% 17% 27%

What percent of companies have …

Source: The Agile CFO, IBM Business Consulting Services


Finance PerformanceSuffering from Lack of Standardization

Transactional ActivitiesControl ActivitiesDecision Support, Performance Mgmt

47%26%

27%

The Agile CFO, IBM Business Consulting Services, 2005

HOW FINANCE SPENDS ITS TIME

• Nearly 50% on routine work

AREAS THAT FINANCE NEEDS TO IMPROVE

Effectively leveraging technology 91%

Helping the company reduce risk 85%

Providing management information for decision making

76%

Overall cost effectiveness 74%

Dealing with complexity 72%

Dealing with regulations 71%

Corporate Finance Departments Leaving Money on the Table , PWC Management Barometer, 2006


• What’s on the mind of the CFO?What’s on the mind of the CFO?

• How can Financials Release 12 help?How can Financials Release 12 help?

• Why Upgrade?Why Upgrade?

Agenda


GLOBALIZATION…Today’s workforce, customers, suppliers, and competitors have all become global

COMPLEXITY AND COSTS… Globalization brings complexity with it, and unnecessary complexity drives up costs

INNOVATION AND GROWTH… Not just any growth, but growth that creates value

GOVERNANCE, RISK & COMPLIANCE…Companies are under pressure to do more than just meet the letter of the law

Today’s CFO Agenda


Source: PWC, 9th Annual Global CEO Survey

EXTENT TO WHICH VALUE CREATING ACTIVITIES INCREASE COMPLEXITY

Globalization Adds Complexity

39

39

34

36

33

26

29

26

29

33

36

35

33

42

10

11

16

16

23

32

23

0 20 40 60 80 100

Outsourcing

Business Process Localization

Offshoring

Strategic Alliances

New Product Launches

M&A

Expansion into New Territories

Percent

Some Extent

Large Extent

Very Large Extent

77% of global CEOs say the level of complexity in their organizations is higher than 3 years ago


Complexity Drives Up Costs

Co

st s

Complexity

• Fragmented systems• Varied policies, processes, controls, and

systems• Manual processes

• Fragmented systems• Varied policies, processes, controls, and

systems• Manual processes

• Consolidated systems• Standard policies, processes, controls and

systems• Automated and best practice processes

• Consolidated systems• Standard policies, processes, controls and

systems• Automated and best practice processes


50%

Senior executives say simplification is driving the Finance agenda

Major Focus

STANDARDIZING operating practices and controls

69%

STANDARDIZING policies and business rules

66%

STANDARDIZING and integrating finance systems

59%

Adopting BEST PRACTICES 58%

Optimizing the finance organization and its reporting structure

52%

Reducing reliance on spreadsheets 33%

Source: PWC Management Barometer

Back to the BasicsConsolidate, Centralize, and Standardize


<Insert Picture Here>

“We’ve provided corporate assurance from a controllership perspective by centralizing our

foundational accounting activities, defining our corporate policies and procedures, and standardizing our

processes.”

Anthony SalcidoVP and Corporate Controller,

Toyota Motor Sales USA


GLOBALIZATION• Work across applications,

divisions and regions• Achieve global view of

customer, supplier, partner and operations

• Manage global applications easier

COMPLEXITY AND COSTS• Quickly integrate new

businesses• Support growth at lower

cost• Meet varied reporting

standards

INNOVATION AND GROWTH• Adapt to business change• Make the right investments• Drive performance

GOVERNANCE, RISK & COMPLIANCE

• Control costs and risks• Protect your resources• Enforce accountability

How Oracle Financials Can HelpThe World’s Most Flexible and Complete Solution


• What’s on the mind of the CFO?

• How can Financials Release 12 help?

• Why Upgrade?

Agenda


Safe Harbor Statement

The following is intended to outline our general

product direction. It is intended for information

purposes only, and may not be incorporated into any

contract. It is not a commitment to deliver any

material, code, or functionality, and should not be

relied upon in making purchasing decision. The

development, release, and timing of any features or

functionality described for Oracle’s products remains

at the sole discretion of Oracle.


WORK GLOBALLYTo Be More Competitive


THINK GLOBALLYTo Make the Right Decisions


MANAGE GLOBALLYTo Lower Cost & Increase

Performance


Performance

Financials Release 12 The Global Business Release

• Flexible, centralized, global accounting structure

• 300+ enhancements to best practice business processes

• Comprehensive governance, risk and compliance platform

Work better across applications, divisions, and regions

• Truly integrated performance management

• Real-time profitability analysis

• Unified financial and operational analytic applications

Achieve global view of customer, supplier, partner & operations

• Integration with core industry applications

• Self-service report formats and publication

• Superior ownership experience

Implement, manage, and scale global applications easier



WORK Globally


ProjectsProjectsReceivablesReceivables

PayablesPayables

3rd Party Systems3rd Party Systems

Centralized Accounting Model, Rules, Engine and Repository


DrDr CrCr

InventoryInventory3rd Party Systems3rd Party Systems

General Ledger

Work in ProcessWork in ProcessPurchasingPurchasing

E-Business SuiteE-Business Suite

Global ArchitectureMore Control, Greater Flexibility, Lower Costs

Banking Global Tax Intercompany Accounting

ROLE BASED ACCESS to Operating Units

3333

MULTIPLE LEDGERS

ACCOUNTING

BANK MODEL

TAX ENGINE

INTERCOMPANY

Centralized Architecture 2222

LEGAL ENTITY

1111

2.1

2.2

2.3

2.4

2.5Legal Entity


Multiple Ledgers More Efficient Period-end Processing

Ledger Ledger SetSet

Ledger Ledger SetSet

Ledger Set Benefits:• Cross/Multiple Ledger processing and reporting• Data and definitions that can be shared and secured• Native support for multiple accounting representations

French RulesPlan ComptableFrench Calendar

EUR

Ledger BLedger B

Must Share:Must Share:CChart of hart of AccountsAccounts

CCalendaralendar

Must Share:Must Share:CChart of hart of AccountsAccounts

CCalendaralendar

US GAAPUS COAUS Calendar

EUR

Ledger ALedger A


GBP

Ledger DLedger DLedger DLedger D

Defined by 4 C’s:Defined by 4 C’s:•Accounting Accounting CConventiononvention

•CChart of hart of AccountsAccounts

•CCalendaralendar•CCurrencyurrency

Defined by 4 C’s:Defined by 4 C’s:•Accounting Accounting CConventiononvention

•CChart of hart of AccountsAccounts

•CCalendaralendar•CCurrencyurrency

Reporting Currency

11

Ledger CLedger CLedger CLedger C


USD


USD


Why We CareWhy We CareWhy We CareWhy We Care

• Tax• Registered companies calculate,

file, and pay the transaction taxes they owe

• Intercompany• Do business between and across

your registered companies with full legal documentation

• Bank Model• Registered companies use their

money to pay their bills, etc.

• Accounting• Assign books, bookkeeping rules

and currency management to your registered companies

LE’s in Release 12LE’s in Release 12LE’s in Release 12LE’s in Release 12

Get the Legal Entity Right Compliance falls into place

• LEs pay the taxes• Need tax registrations

• Trade between LEs• Need intercompany

• LEs own the money and bank accounts

• LEs file the accounts• Takes care of accounting

2.12.1


Centralized Legal Entity ManagementEasier Compliance for Complex Structures

PublicCompany

PublicCompany

SubsidiaryCompany

(regional parent)

SubsidiaryCompany

(business parent)

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

Legal entities (parent and subsidiary)

“Group” structure

2.12.1

Registered Company Requirements

ACCOUNTING• Manage books, bookkeeping

rules and currencies

TAX• Calculate, file, and pay

transaction taxes

INTERCOMPANY• Legally document business

transactions between registered companies

BANK MODEL• Segregate money between

registered companies to pay bills, etc.


Centralized Accounting PoliciesGreater Control, Transparency and Auditability

2.22.2

ProjectsProjectsReceivablesReceivables

PayablesPayables

3rd Party Systems3rd Party Systems

InventoryInventory3rd

Party Systems

3rd Party

Systems

General Ledger

Work in ProcessWork in ProcessPurchasingPurchasing

E-Business SuiteE-Business Suite

• Internal control and compliance with multiple accounting policies through user-defined accounting rules

• Single source of truth for all subsystem accounting activity with a common data model and repository

• Accounting, reconciliation and reporting facilitated by centralized data model

• Streamline closing process with common posting engine

• Auditable and transparent entries accessible with full drilldown

Banking Global Tax Intercompany Accounting

Legal Entity



DrDr CrCr


US GAAPUS GAAPUS COAUS COAUS US CalendarCalendar

EUREUR

Ledger ALedger A

French RulesFrench RulesPlan Plan ComptableComptableFrench French CalendarCalendar

EUREUR

Ledger BLedger B

Multiple Accounting RepresentationsParallel Financial Reporting

CentralizCentralized ed

AccountiAccountingng

CentralizCentralized ed

AccountiAccountingng

Single business transactionSingle business transactioncan create multiplecan create multiple

accounting representationsaccounting representationsand in multiple currenciesand in multiple currencies

Single business transactionSingle business transactioncan create multiplecan create multiple

accounting representationsaccounting representationsand in multiple currenciesand in multiple currencies

DrDr CrCr

Payables InvoicePayables InvoicePayables InvoicePayables Invoice

+11 2.22.2


• 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

PlusCentralized Credit Card Model

Credit Card EncryptionSupplier & Customer Banks in

TCA

Centralized Banking and PaymentsFunds Disbursements and Capture

LE

OU A OU B OU C

2.32.3

ProjectProjectss

ProjectProjectss

ReceivableReceivabless

ReceivableReceivabless

PayablePayabless

PayablePayabless

InventoInventoryry

InventoInventoryry

Work in Work in ProcessProcessWork in Work in ProcessProcess

PurchasinPurchasingg

PurchasinPurchasinggE-Business SuiteE-Business SuiteE-Business SuiteE-Business Suite

AssetAssetss

AssetAssetss


OU A

OU B

OU CBank

Single Payment

Instruction

Invoices

Payments

Example: Shared Service Disbursement

1. Setup accounting policies

2. Select invoices from multiple OUs

3. Format for bank and disbursement countries

4. Send single instruction to bank

5. Generate separate payments for each OU

Centralized Centralized AccountingAccountingCentralized Centralized AccountingAccounting


Centralized Global TaxLess Complex Global Tax Compliance

Operational Efficiency

• Automated processing based on predefined tax rules

• Simplified tax configuration (shared across legal entities and Oracle apps)

• Standard services to all eBusiness applications

• Integration with external tax vendors (Taxware and Vertex in the U.S.)

BenefitsBenefits SolutionSolution

Global Management, Local Compliance

• Single data model for rules and transactions across geographies and applications

• Centralized tax repository provides global visibility

• Self-Service for Tax Managers

Information Visibility

• Tax reporting ledger provides single source of the truth and complete auditability

• Configurable tax reporting templates

• Tax simulator for setup, rules, and transactions

2.42.4


Tax Transactions

Tax Transactions

Taxes,RulesTaxes,Rules

DetermineRegimes

TaxableBasis

CalculateTax

Amount

Tax Status& Rate

ApplicableTaxes

Single Interface for TransactionsSingle Interface for Transactions

Transparent Integration with Tax Partner ServicesTransparent Integration with Tax Partner Services

PartiesParties

PlacesPlaces

ProductsProducts

ProcessesProcesses

Payables

Receivables

Purchasing

Transactions

Sales Orders

…Tax Reports

- PDF, HTML, RTF- Security enabled

Extensible Service Oriented Architecture

Compliance, Assurance Efficiency, Global Visibility

Oracle eBusiness Tax Processing taxes for transactions and reporting


Manual Entry

Open Interfaces /

API

Excel(Web ADI)

Advanced GlobalIntercompany

System

Advanced GlobalIntercompany

SystemSubledgerInvoices &Documents

Generate subledger invoices

Control transaction entry with Intercompany Calendar

Fully Configurable Approval Rules

Centrally defined Intercompany Accounts

Transaction-level balancing

Online Reconciliation

Reporting

XML Publisher Reports

Subledger AccountingSubledger Accounting

DrDr CrCr

General Ledger Receivable

sReceivable

sPayable

sPayable

s

Centralized Intercompany Faster Period-End Close

2.52.5


Responsibility Responsibility Responsibility

Role-Based AccessMore Productive Shared Services Operations

Holland

Legal Entity

Denmark

Legal Entity

Belgium

Legal Entity

Perform multiple tasks across operating units without changing responsibilities

ResponsibilityResponsibility ResponsibilityResponsibility ResponsibilityResponsibilitySingle Responsibility

Functional TasksAccounting Billing, Dunning & Collections

ProcurementOrder ManagementPaymentsData Management

Holland

Operating Unit

Denmark

Operating Unit

Belgium

Operating Unit

3



Governance, Risk and Compliance


* Available Pre-R12

Financial Consolidation Hub

Governance, Risk & Compliance

• Compliant access provisioning

• Continuous monitoring of profile options

• Monitoring of application controls at supplier sites

• Online and report history of application control changes

New in GRC

• Monitor consolidation process and certification status

• Drill-back to certification status in ICM

• Spreadsheet drill-back to source transactions

• Dynamic spreadsheet-based statutory and mgmt reporting

New in FCH

Global Compliance and Reporting*Integrated Financial Reporting & Compliance Mgmt


FinancialConsolidation

FinancialConsolidation

OperatingBalances

SAP

PeopleSoft E

JD Edwards E1

Oracle EBS

Legacy Apps

One-TouchConsolidation

ReportGeneration

Multi-DimensionalAnalysis

ResultsAuditing

DataTransformation

& Validation

ComplianceCertification

Global Visibility and IntegrationFinancial Consolidation Hub


Interactive Interactive spreadsheet spreadsheet

with with live drill to live drill to

transactionstransactions

Financial Consolidation Hub Spreadsheet Reporting with Live Drill


Oracle Governance, Risk, and Compliance

Infrastructure Services

Data Security

Identity Mgmt

Content Mgmt

Change Mgmt

Data Audit

Processes

Applications

Risk & Compliance Mgmt

Controls Management

Policy Mgmt

Industry Specific

Oracle SAP Custom Legacy Other

Insight

Risk & ControlIntelligence

OperationalIntelligence

PerformanceManagement

Repository



Data Security

Identity Mgmt

Content Mgmt

Change Mgmt

Data Audit

Processes

Applications


Controls Management

Policy Mgmt

Industry Specific


Insight




Repository

Oracle Governance, Risk, and ComplianceBest-in-Class Infrastructure Automates Enforcement

• Ensure information reliability with content security, records retention, and identity management

• Protect information assets across the entire technology stack

• Enforce best-practice segregation of duties, configuration and change management procedures



Data Security

Identity Mgmt

Content Mgmt

Change Mgmt

Data Audit

Processes

Applications


Controls Management

Policy Mgmt

Industry Specific


Insight




Repository

Oracle Governance, Risk, and ComplianceComprehensive Applications Control Costs and Risks

• Standardize onbest-practice frameworks to meet evolving GRC demands

• Automate key GRC processes for risk assessment, control design, policy creation, hotline intake, control monitoring and case management

• Streamline specialized GRC processes for highly-regulated and risk-sensitive industries


• Improve governance with timely compliance, risk, and performance management info

• Provide evidence of IT and business process control withauditor-ready reporting

• Optimize business performance through risk-aware strategic planning

Oracle Governance, Risk, and ComplianceIntegrated Business Insight Ensures Accountability


Data Security

Identity Mgmt

Content Mgmt

Change Mgmt

Data Audit

Processes

Applications


Controls Management

Policy Mgmt

Industry Specific


Insight




Repository



THINK Globally


Financials, Supply Chain, Projects,PLM, Sales & Marketing, HR, Service

Transaction Processing

Us

ers Sensor

BasedServices

AnalystsManagersExecutives

OperationalReporting

ProfitabilityAnalysis

PerformanceScorecards

Consolidation & Compliance

Forecasting& Modeling

Network Optimization

Inventory Optimization

Portfolio Analysis

Reporting Planning

• Make timely decisions with integrated information systems

• Target information delivery with role-based dashboards

• Protect organizational integrity with secure information delivery

Truly Integrated CPM Applications ThinkWork Manage


Oracle BI Foundation

• Integrated BI platform & broad range of BI applications• Powerful OLAP, “Speed of thought” response• Broadest spectrum of BI functionality

Comprehensive

Hot Pluggable

Pervasive

• Heterogeneous ERP, CRM, DW, & OLTP systems• Heterogeneous database technologies• Heterogeneous middleware, ETL, & BI tools

• User self-service with superior tools• Multi-channel information access & delivery• Consistent, accurate information from Common Enterprise

Information Model


The Best of Both Worlds

Best In Class PM Applications

Flexible Information Access

Market Leading OLAP

Hyperion Advanced BI Server

Enterprise Information Model

Comprehensive BI Applications

Oracle


Hyperion Advanced BI Server



Oracle

Best In Class PM Applications


Market Leading OLAP

Advanced BI Server



Best In Class FPM Applications


Market Leading OLAP

Integrated, Open, Best of Breed



MANAGE Globally


• Enable key integration types- Business to Business- Enterprise Application Integration- Business Process Management- Business Activity Monitoring

• Support industry-standard messages

• Support standards-basedXML documents

• Search and view available interfaces via powerful UI

• Automatically keep in step with source code via standard patching

A Catalog of All EBS Integration Points• Web Services• Public Java & PL/SQL APIs

• Business Events• Batch Interfaces

Comprehensive Integration RepositoryThinkWork Manage


Merchandising

Invoice Matching

Sales Audit

Stock Ledger

Accounts Receivable

Cash Management

General Ledger

Accounts Payable

E-B

us

iness F

inan

cials

• Matched invoices• Credit notes• Debit memos• Rebates

• Suppliers• Partners• Addresses• Freight terms

• Lower cost integration between disparate systems• Better performance with integrated business flows across applications

Inbound Retek Data

Outbound Financials Data

• Daily sales• Cash and deposits• Inventory• Sales data

• Payment terms• GL accounts• Currency rates

Integration with Core ApplicationsOracle | Retek Integration with BPEL

ThinkWork Manage


Data ManagementLeveraging centralized data model

Oracle Fusion MiddlewareOracle Fusion Middleware

Trading Community Architecture

Trading Community Architecture

ERPERP CRMCRM 3rd Party3rd Party

Global Global TaxTax

PaymentPaymentss

Suppliers

Authorities, Geographies,

etc.

Party Informati

on

Cash Cash ManagemeManageme

ntntBanks and

Branches

ThinkWork Manage

PayablePayabless

PayablePayablessPurchasiPurchasi

ngngPurchasiPurchasi

ngng


Self-Service ReportingXML Publisher

• Put reporting in the hands of the business user

• Create report formats using desktop tools (Adobe Acrobat, MS Word, MS Excel, and XSL Editors)

• Publish in any format, to the web and electronically

• Drive reporting consistency with one source of data

BenefitsBenefitsBenefitsBenefits

• Replaces most standard reports with data extracts and templates

• Merges custom templates and data extracts at run-time

• Delivers output in PDF, HTML, RTF, Excel (HTML), or text for use with EFT and EDI transmissions

Reporting EvolutionReporting EvolutionReporting EvolutionReporting Evolution

ThinkWork Manage

““Oracle’s new XML Publisher is visionary and empowers end users. This new capability Oracle’s new XML Publisher is visionary and empowers end users. This new capability gives customers the look and feel of Excel with a desktop publishing look to reports, and gives customers the look and feel of Excel with a desktop publishing look to reports, and enables users to create their own reports, minimizing the dependency on the IT staff.”enables users to create their own reports, minimizing the dependency on the IT staff.”

-- Sean Malinski, Accenture Partner, Global -- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle PracticeBusiness Solutions - Oracle Practice

““Oracle’s new XML Publisher is visionary and empowers end users. This new capability Oracle’s new XML Publisher is visionary and empowers end users. This new capability gives customers the look and feel of Excel with a desktop publishing look to reports, and gives customers the look and feel of Excel with a desktop publishing look to reports, and enables users to create their own reports, minimizing the dependency on the IT staff.”enables users to create their own reports, minimizing the dependency on the IT staff.”

-- Sean Malinski, Accenture Partner, Global -- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle PracticeBusiness Solutions - Oracle Practice


Superior Ownership Experience11i User Experience

• Define/Assign Set of Books, Specify Conversion options/rules

Multiple steps required to Multiple steps required to assign sets of books and assign sets of books and specify conversion specify conversion options/rulesoptions/rules

Defining a set of books takes Defining a set of books takes 5 tabs to accommodate all 5 tabs to accommodate all fields and rulesfields and rules

ThinkWork Manage


Superior Ownership Experience Single Page for Accounting Setup

•Legal Entities

•Ledgers

•Currencies

•BalancingSegments

•SubledgerAccounting

•Operating Units

•BalancingOptions

ThinkWork Manage


Superior Ownership ExperienceBetter Upgrades

Uptake new features at your pace

Continuity and Choice

Run your business the same way

Minimize manual work

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

ThinkWork Manage

““Many clients are evaluating whether to upgrade from Oracle E-Business Suite 11i to Many clients are evaluating whether to upgrade from Oracle E-Business Suite 11i to Release 12 or wait for the larger Fusion release. There are significant application and Release 12 or wait for the larger Fusion release. There are significant application and architecture changes in Release 12. Upgrading now will help build the foundation to architecture changes in Release 12. Upgrading now will help build the foundation to prepare for Fusion—maximizing business value while mitigating risk.”prepare for Fusion—maximizing business value while mitigating risk.”

-- Sean Malinski, Accenture Partner, Global Business -- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle Practice Solutions - Oracle Practice


Enhanced Industry Support

ManufacturingManufacturing Asset Asset IntensiveIntensive

ServiceService Public Public ServicesServices

• Regulatory compliance for clinical trials and 21 CFR Part II

• Common asset repository

• Enhanced fleet asset management

• Support for 21 CFR Part II

• Enhanced budgeting and forecasting

• Financials and Retek Merchandising integration

• Financial Services Accounting Hub

• Centralized and configurable budgetary control and accounting

• Enhanced shared services


• What’s on the mind of the CFO?What’s on the mind of the CFO?

• How can Financials Release 12 help?How can Financials Release 12 help?

• Why Upgrade?Why Upgrade?

Agenda


“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.”

“We have 60 sets of books and see tremendous efficiencies with running processes across these sets of books using Ledger Sets.”

Why UpgradeStraight Talk from Customers

“The ability to access multiple operating units with a single responsibility can simplify SOX compliance monitoring.”

“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.”

“Banks, taxes, payments, and accounting – everything that becomes centralized will bring tremendous efficiencies to our organization.”

“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.”


Why UpgradeStraight Talk from Partners

“The new financials architecture will enable our joint clients to work globally to be more competitive, think globally to make the right decisions, and manage globally to lower cost and increase performance.”

-- Brian A. Mitchell, IBM Global Business Services Worldwide and Americas Oracle Practice Lead Executive

“Oracle continues to invest in a better user experience in E-Business Suite Financials Release 12—from centralized accounting, tax and supplier maintenance to a new user interface.”

-- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle Practice

“IBM found the Oracle E-Business Suite Release12 to be rich in the functionality that our clients need to succeed in today's business world.” -- Brian A. Mitchell, IBM Global Business Services Worldwide and

Americas Oracle Practice Lead Executive


Why UpgradeMultinational Customers

Manage complexity at lower cost

Comply with international regulations and standards

Reduce upgrade risk


Why UpgradeDomestic Customers

Lower TCO

Improve user experience

Reduce upgrade risk







Performance


Performance

Financials Release 12The Global Business Release

• Flexible, centralized, global accounting structure

• 300+ enhancements to best practice business processes

• Comprehensive governance, risk and compliance platform

Work better across applications, divisions, and regions

• Truly integrated performance management

• Real-time profitability analysis

• Unified financial and operational analytic applications

Achieve global view of customer, supplier, partner & operations

• Integration with core industry applications

• Self-service report formats and publication

• Superior ownership experience

Implement, manage, and scale global applications easier


Overall Business Benefits

• Faster, simpler period end processing

• Centralized and standardized key business functions

• More productive shared services operations



Appendix:300+ New Features


New in Financial Control & ReportingHighly automated financials processing drives efficiencies

EFFICIENCYEFFICIENCYEFFICIENCYEFFICIENCY

FLEXIBILITYFLEXIBILITYFLEXIBILITYFLEXIBILITY

AUDITABILITYAUDITABILITYAUDITABILITYAUDITABILITY

• Centralized accounting setup • Streamlined multiple ledger processing and reporting• Parallel financial reporting• Automatic reporting currency conversion• Replacement for disabled accounts

• Data security across legal entities, ledgers or balancing segment values

• Control Accounts

• Accounting and reporting sequencing• Journal line reconciliation


New in Procure-to-PayIntegrated Suite Optimizes Working Capital

PRODUCTIVITYPRODUCTIVITYPRODUCTIVITYPRODUCTIVITY

COST SAVINGSCOST SAVINGSCOST SAVINGSCOST SAVINGS

INTEGRATIONINTEGRATIONINTEGRATIONINTEGRATION

• 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

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

• Streamlined supplier setup and maintenance as part of Trading Community Architecture (TCA)• Access to TCA features


• Visibility to carry-forward balances with cycle-based billing• Payment application according to customer preferences

New in Credit-to-CashAccelerate cash cycle and manage revenue with fiscal discipline

COMPLIANCECOMPLIANCECOMPLIANCECOMPLIANCE

BETTER CASH FLOWBETTER CASH FLOWBETTER CASH FLOWBETTER CASH FLOW

INDUSTRY SUPPORTINDUSTRY SUPPORTINDUSTRY SUPPORTINDUSTRY SUPPORT

• Daily revenue recognition• Deferral reason for goods and services• COGS and revenue matching• Line level cash application

• 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


• 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

• 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

• 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

New in Cash and TreasuryOptimize Cash and Treasury Operations


COMPLEXITYCOMPLEXITYCOMPLEXITYCOMPLEXITY

FLEXIBILITYFLEXIBILITYFLEXIBILITYFLEXIBILITY


• Group Assets to include “Units of Production” method• Energy straight-line depreciation method• Asset impairment of a producing asset

New in Asset ManagementMaximize return on assets


PERFORMANCEPERFORMANCEPERFORMANCEPERFORMANCE

INDUSTRY SUPPORTINDUSTRY SUPPORTINDUSTRY SUPPORTINDUSTRY SUPPORT

• Automate legacy asset conversion with enhanced preparation of Mass Additions

• Perform rollback on select assets with Automatic Depreciation Rollback


• Self-service cash advance application during entry• Bar code generation• Streamlined receipts management with receipts tracking

and receipts missing capabilities

New in Travel & ExpenseLower the total cost of travel and expense

LOWER COSTSLOWER COSTSLOWER COSTSLOWER COSTS

ACCURACYACCURACYACCURACYACCURACY

PRODUCTIVITYPRODUCTIVITYPRODUCTIVITYPRODUCTIVITY

• CONUS and OCONUS global per diem rates• Per diem and policy schedules

• Expense splitting across multiple accounting segments• Enhanced cost center and projects approvals

Oracle E-Business Suite What’s New in Financials Release 12 Sue Guggenberger Sales Consultant.

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Transcript of Oracle E-Business Suite What’s New in Financials Release 12 Sue Guggenberger Sales Consultant.