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General LedgerSet of books become Ledgers and Ledger
SetsParameter change Changed from Set of Books to Ledger.
Additionally Ledgers that share Calendar, Currency and Chart of
Accounts can be grouped into Ledger Sets allowing processes to be
run on a group of Ledger rather than one ledger at a time for
example Open and Close periods, Posting and Allocations.
Enhancements to Legal Entity ConfigurationConfiguration for
Legal Entities and Ledgers is now tied together with in a new form
viewed on your browser and assignments can be made to assign Legal
Entities to Ledger and even balancing segment values if needed
Definition Access Sets can be used to restrict access end user
setupThese can be used to give access to items that were not
securable in the past like Define Allocations, Define Recurring
Journals, and Define FSG components.
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General LedgerWeb based Journal WizardCurrently used client ADI
application no longer used in R12. Oracle uses web based Desktop
Integrators for creating journals and uploading integrated with
Microsoft Excel.
Journal Copy functionalityAbility to auto copy journals from
with the manual journal entry screen
Reversal Criteria setsReversal Criteria allows creation of
groups of journal category types for reversals that can be shared
across ledgers
Control AccountsAccounts can be defined as Customer or Supplier
related to ensure activity from the subledgers only
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General Ledger- Subledger Accounting for subledger
modulesSubledger Accounting (SLA) to accounting and transfer to
GLEach subledger, Payables, Projects, Assets, Receivables, Cost
Accounting and Cash Management now go through Subledger
Accounting.Old 11i processes are no longer used. SLA controls the
accounting for subledger transactions and transfer to General
Ledger.SLA provides many new options for how Accounting is derived
and transferred to GLImproves drilldown from GL to the
subledgers
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Oracle Assets Web based Assets WizardCurrently used client ADI
application no longer used in R12.Oracle uses web based Desktop
Integrators for creating journals and uploading integrated with
Microsoft Excel
Depreciation Rollback automatedAdjustments to Assets that impact
depreciation will have any current period depreciation rolled back
when the Depreciation process is executed again instead of the
manual rollback done in release 11i
Integration with Subledger AccountingAll accounting activities
are integrated with the new Subledger Accounting architecture
changing the way data is processed and transferred to General
Ledger.
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Oracle Projects Integration with Subledger AccountingAll
accounting activities are integrated with the new Subledger
Accounting architecture changing the way data is processed and
transferred to General Ledger.
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Cost ManagementMatching Cost of Goods Sold to Revenue automate
the matching of COGS for a sales order line to the revenue that is
billed for that sales order line. This synchronizes the recognition
of revenue and COGS in accordance with generally accepted
accounting principles.
SLA Subledger Accounting Accounting entries are generated in a
manner consistent with previous releases but are now created within
the framework of the new Subledger Accounting architecture.
Period Close DiagnosticsThe period close process is enhanced to
allow users to easily identify the pending and uncosted
transactions that prevent period close
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Cost ManagementReportsInventory Value Report is replaced by
Inventory Value Report by SubinventoryAll Inventories Value Report
is replaced by All Inventories Value Report by Subinventory
Subinventory Account Value Report is obsolete.Consolidated Bills of
Material is replaced by Supply Chain Consolidated Bills of
MaterialIndented Bill of Material Cost Report is replaced by Supply
Chain Indented Bill of Material Report.
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ReceivablesRevenue Recognition Time-Based Revenue Recognition
Ratably Over Time Upon Expiration of Contingencies Event-Based
Revenue Recognition Payment Customer Acceptance Rule-Based Revenue
Recognition Payment Term Thresholds Refund Policy Thresholds
Customer Credit worthinessMOAC ControlEnables the user to perform
tasks across operating Units (OUs), without changing
responsibilities
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ReceivablesLine Level Cash Applications The Line Level Cash
Applications solution allows the application of receipts to
specific transaction items such as individual lines, groups of
lines, or tax or freight bucketsSubledger AccountingSub ledger
Accounting - Journal Creation takes place prior to GLBank Model
Single unified Bank. Unified model enables to define customer Bank
as well as Internal bank information in single place, so that
working capital cash flow should be enhanced. EBusiness Tax Oracle
E-Business Tax is a new product that uniformly delivers tax
services to all Oracle EBusiness Suite business flows. In Release
12, Receivables is enhanced to support integration with the
E-Business Tax productPeriod Close DiagnosticsThe period close
process is enhanced to allow users to easily identify the pending
and uncosted transactions that prevent period close
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ReceivablesEnhanced Customer Screen11i Customer standard forms
is obselete and new html customer screen with new navigation. New
customer screen enables clearer separation of the party and account
layers, which makes a consist ant look and feel.RefundsOracle
Receivables is fully integrated with Oracle Payables to deliver a
seamless, automated process to generate check and bank account
transfer refunds for eligible receipts and credit memosLate
Chargesenhanced Late Charges functionality enabling the creation of
standard late charge policies that can be assigned to customer
accounts or account sitesAR-AP NettingThe matching of open
receivables and open payables is automated
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ReceivablesBalance Forward Billing Forward Billing is an
enhanced version of the existing consolidated billing
functionalityBalance Forward Billing provides the ability to setup
cycle-based billing at the account or account site levelsenable
event based billing, and leverage user configurable billing formats
provided by Oracle Bill Presentment Architecture
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Order ManagementMulti-Organization Access Control (MOAC)
Multi-Org Access Control enables uses to access multiple operating
units data from single responsibility. They can also use Order
Import to bring in orders for different Operating Units from within
a single responsibility.The same applies to the Oracle Order
Management Public Application Program Interfaces (APIs).Post
Booking Item SubstitutionItem Substitution functionality support
has been extended to post-Booking through Scheduling/re-scheduling
in Sales OrderItem Substitution functionality is also supported
from Planners Workbench (loop-back functionality) till the line is
pick-releasedLot and Serial Controlled AssemblyLot controlled job
can now be associated with serial numbers to track and trace
serialized lot/item during shop floor transactions as well as post
manufacturing and beyond
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Oracle PurchasingProfessional Buyers Work CenterOracle
Purchasing Release 12.0 speeds up daily purchasing tasks with an
enhanced Professional Buyers Work Center. Based on the latest
web-based user interface models, the Work Center is a central
Launch Pad from which buyers can efficiently perform their daily
tasks: View and Act upon Requisition Demand Create and Manage
Orders and Agreements Run Negotiation Events including Auctions and
RFxs (requires Oracle Sourcing) Manage Supplier Information
New Supplier Setup User Interface Release 12.0 introduces a new
HTML UI for managing suppliers, which replaces the existing
Suppliers Form.
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Oracle PurchasingMulti-Org Access Control (MOAC)Multi-Org Access
Control enables uses to access multiple operating units data from
single responsibility. buyers will now be able to view consolidated
requisition demand spanning multiple operating unitsUsing a single
Responsibility, they will be able to manage demand (i.e.
requisitions), conduct sourcing events, enter into agreements and
issue purchase orders on behalf of any of the operating units that
they serveE-Business TaxOracle E-Business Tax is a new
infrastructure for tax knowledge management and deliveryusing a
global system architecture that is configurable and scalable for
adding country specific tax content.Oracle E-Business Tax
significantly enhances the current tax code/tax group based tax
computation capabilities within the Procure to Pay business
flow
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Oracle PurchasingNew User Interface for Oracle Purchasing
Setupsweb-based user interfaces will replace the following existing
Oracle Purchasing setup forms. Define Buyers Define Approval Groups
Assign Approval Groups Define Purchasing Options Define Receiving
Options Define Line Types Define Document Types Control Purchasing
Periods Setup Expense Account Rules Define Job and Category
Association
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Oracle iProcurementEnhanced Catalog AuthoringEnhanced online
authoring capability for iProcurement catalog administratorsOnline
catalog authoring complements the existing batch upload
processoptimized for making small and quick updates to catalog
content.Difference Summary for Catalog ChangesProvides the
difference Summary between new catalog content and the last
approved versionUnified CatalogOracle iProcurement and Oracle
Purchasing now have a single shared catalog data modelApproval,
Revision Control and Archive for Catalog Dataprovides approval,
revision control and archival capability for catalog dataCatalog
data is now stored in the form of Global Blanket Agreements,
allowing users to leverage Purchasing Approval hierarchy, Revision
Control and Archival capabilities for agreements
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Oracle iProcurementContent Securityexpands catalog content
security, using content zones providing more precise control of
what users can see in the catalogContent Zones are segments of
catalog content that administrators can define based on supplier,
supplier site and categorythe administrator can use inclusionary or
exclusionary rules to determine whether certain items should be
included or excluded from a specified Content ZoneSupport for
Multiple Favorite Lists Multiple Search Result LayoutsList of Value
Enhancementsaddition of sorting capabilities, more LOV search
criteria, and displaying additional information
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Oracle iSupplier PortalSupplier Change Orderenhances the
supplier change order flow to expedite both initiation and approval
of change order requests.Multi-Order Change Requestcurrent change
order functionality allows suppliers to acknowledge orders and
initiate change requests one purchase order at a timeWith Release
12, this functionality has been extended to enable suppliers to
acknowledge or process changes across multiple orders
simultaneously. Tolerance-based Auto-Approval of Supplier Change
RequestsRelease 12 allows buyers to filter out minor supplier
change requests by having them automatically approved by the
systemRoute Change Requests to RequesterIn prior releases,
requesters did not have visibility into the supplier change order
processWith Release 12, the buying organization may optionally give
requesters full control of their orders by routing change requests
to the requester rather than the buyer.
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Oracle iSupplier PortalSupplier OnboardingRelease 12 includes
significant improvements to the existing prospective supplier
registration feature.Also introduced are new procedures that allow
internal users to request new suppliers.Supplier Contact
ManagementR12 enables supplier contact records and supplier user
accounts are harmonized so that any changes need only be made to a
single recordEnhanced Supplier Profile ManagementThe Supplier
Profile Management tools have been significantly enhanced for both
supplier users and buyer administrators.New Supplier Setup User
InterfaceA new HTML UI for managing suppliers has been introduced
in Release 12 that replaces the previous Suppliers Form.
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Oracle PayablesLegal EntityLegal Entity is a new addition to the
Oracle E-Business Suite that enhances the ability to manage ones
legal corporate structure and track data from the legal
perspective.Multi-Org Access ControlMulti-Org Access Control
enables uses to access multiple operating units data from single
responsibility. New User Interface for Supplier Entry and
MaintenanceNew User interface for the Supplier entrySupplier Bank
AccountsEnhancements to the setup of supplier bank accounts
Introduction of Invoice LinesOracle Payables incorporates Invoice
Lines into the invoice model. Adding Invoice Lines is a key
architectural change, which enables Oracle Payables to better model
the paper or electronic business document yet maintain key features
that exist at the invoice distributions level.
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Oracle PayablesEnhanced Invoice Approval Includes Line Level
ApprovalWith the introduction of Invoice Lines, users are able to
further extend their approval policy granularity in Oracle
Approvals Management for individual lines of an invoice.Non PO
Invoices Entered via iSupplier PortalInvoices entered by Suppliers
where a purchase order has not been obtained are represented as
Invoice Requests. Invoice Requests are visible in Oracle Payables
but are not paid or accounted until the invoice can be verified and
approved.Collaboration with Suppliers to Resolve DisputesLeveraging
workflow notification, disputes are communicated and negotiations
can be suggested to the Supplier. Suppliers are able to accept the
suggested changes, withdraw their invoice, or submit their counter
proposal.
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Oracle PayablesEnhancements to Payment Banks, Branches, and
AccountsThe Bank Account is centrally defined, managed and
securedPayment Process EnhancementsPayment processing is
significantly enhanced with this release. Along with a new user
interface, the management and visibility of the payment process are
much more robust and easier to use.
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Oracle PaymentsAdvanced and Highly Configurable Formatting
FrameworkOracle Payments offers a rich library of payment formats
that support various types of payment files and messages. EFT
disbursements, printed checks, ACH debits, bills receivable
remittances, and credit card authorizations and settlements are all
supported.Flexible Validation ModelOracle Payments provides an
extensive library of payment validations that are associated with
the supported payment formats. The payment validations are
implemented using a flexible framework that allows a user to add
new rules.Secure Payment Data RepositoryOracle Payments then stores
all of the partys payment information and its payment instruments
(such as credit cards and bank accounts). In release 11i, this
information was held separately in different applications such as
in the Oracle Purchasing supplier and the Oracle Payables bank
account entities
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Oracle PaymentsFlexible Support for Various Business Payment
ModelsOracle Payments supports the new Multi-Org Access Control
componentthe dashboard pages provided for users to monitor and
manage the payment processPayment Processing User Interfacenew user
dashboard for managing the funds disbursement processEnhanced Check
Printing ProcessThe check printing process has moved from Oracle
Payables to Oracle Payments in R12 releaseMigration of Global
Features to Central EngineIn previous releases, Oracle provided
many payment features as country-specific Oracle Globalizations.
These global features have been merged into standard payment
processing features provided by Oracle Payments
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Oracle PaymentsConsolidation of Payment FormatsThe following
payment industry standard formats are now supported for use by all
products that integrate with Oracle Payments: EDIFACT PAYMUL, ANSI
X12.0 820, and U.S. NACHA.Enhanced Payment Processing User
InterfaceOracle Payments offers an enhanced user interface for
managing the funds capture processgreater insight into rejections
received from payment systems and into process failures such as
communication errors.Reconciliation of funds capture transactions
(such as credit card payments) is much easier with the new
dashboard.
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Oracle iExpenseExpense AllocationsThis feature empowers end
users to perform General Ledger (GL) accounting and/or Oracle
Projects expense allocations, including splitting expenses.Flexible
Setupable to define whether end users can update one, many, or all
GL accounting segments. able to define different segment update
rules for each chart of accounts, and at the set of books
levelExpenses SplittingBased on system setup, end users are able to
split expenses across multiple accounting segment values, for
example across multiple cost centersGL Accounting Validations
during EntryBased on setup, Internet Expenses ensures accounting
code combinations are valid before expense reports are submitted
for approval.
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Oracle iExpenseGlobal Per Diem and Mileagefeature provides
enhancements to the existing solution, including the ability to
automatically upload U.S. GSA Per Diem rates. This helps you to
comply with various statutory rules that dictate how users should
be reimbursedCash Advances ManagementEnd users can apply advances
during expenses entry. In addition, users are able to search on
payments informationBar CodingBased on setup, a bar code is
generated and printed on the expense report confirmation page. When
Payables personnel receive the receipts package, they can quickly
scan the bar code to check in the receipts packageManager
ApprovalsThe integration with Oracle Approvals Management (AME) has
been further enhanced to support the expense allocations
feature.
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Oracle iExpenseEnhanced User InterfaceThe Audit Expense Reports
page has been redesigned with separate expense views relevant to
the activities auditors perform.Audit AutomationThe already robust
audit automation functionality is further enhanced for Payment
Holds And Enhanced Audit RulesReceipts ManagementThese new features
help to streamline the receipts management process - Enhanced
Receipts Required, Receipts Tracking and Receipts
MissingAttachmentsEnd users and auditors are able to attach
documents such as imaged receipts to the entire expense report, or
to individual expenses. Managers and auditors can access and review
the attachments, which facilitates more efficient approvals.
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Oracle iExpenseTerms and Agreementsable to require end users to
acknowledge that they have reviewed and agreed to the terms of your
travel, entertainment, and reimbursement policies prior to
submitting expense reportsExpense Report ExportA new user interface
allows payables personnel to review the export results online and
analyze them quickly