E-Business Suite Connie Barbon, Oracle Senior Sales Consultant What’s New in Release 12
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AgendaWhat’s New in R12
• Overview• Financials• 6 Major Initiatives• Other “cool stuff”• Not really R12…
• Q & A
• Additional content on Projects and Human Capital Management included in slide deck
A New User Experience for R12Accelerate 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
• Campaign Management• Customer Support• Collections & Payments• Loan Management
Improved Workflow in Targeted Areas
• Financial Consolidation• Online Candidate Registration• Absence Management• Salary Administration
• Self-Service Purchasing• Sourcing• Supplier Collaboration• Business Intelligence
New User Experience
NewNewFontsFonts
NewNewIconsIcons
NewNewButtonsButtons
New New BackgroundBackgroundPatternPattern
NewNewColorsColors
11i User Experience - example
• Define/Assign Set of Books, Specify Conversion options/rules
Multiple steps Multiple steps required to assign required to assign sets of books and sets of books and specify conversion specify conversion options/rulesoptions/rules
Defining a set of books Defining a set of books takes 5 tabs to takes 5 tabs to accommodate all fields accommodate all fields and rulesand rules
Superior Ownership Experience R12 - Single Page for Accounting Setup
•Legal Entities
•Ledgers
•Currencies
•BalancingSegments
•SubledgerAccounting
•Operating Units
•BalancingOptions
What’s New in R12 Financials
BankBankModModelel
Tax Tax EngineEngine
InterInterCompanyCompany
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
General Ledger General Ledger Ledger & Ledger Ledger & Ledger Sets Sets
Subledger Accounting (SLA) Subledger Accounting (SLA) Subledger Accounting (SLA) Subledger Accounting (SLA) DrDr CrCr
ProjectsProjectsReceivablesReceivablesInventory
Inventory
Work in ProcessWork in Process
PurchasingPurchasing PayablesPayables
Multi-Multi-OrgOrg
AccessAccessControlControl
Multi-Multi-OrgOrg
AccessAccessControlControl
6 Major Initiatives
1. Ledger and Ledger Sets
2. Subledger Accounting
3. MOAC
4. Intercompany
5. Tax Engine
6. Bank Model
Ledgers in OracleA set of accounting information for a legal or business entity
Each ledger is associated with a Chart of accounts, Calendar, Currency, and Subledger Accounting Convention for which accounting information is recorded
11i & Prior = Sets of Books3 C’s: Currency, Calendar, Chart
R12 = Ledgers4 C’s:
Currency, Calendar, Chart, Convention
Seeded Conventions: Seeded Conventions:
•Standard AccrualStandard Accrual•Standard CashStandard Cash•Accrual w/ Accrual w/ EncumbranceEncumbrance•Cash w/ Cash w/ EncumbranceEncumbrance•US Federal US Federal AccountingAccounting•China Standard China Standard AccrualAccrual
Seeded Conventions: Seeded Conventions:
•Standard AccrualStandard Accrual•Standard CashStandard Cash•Accrual w/ Accrual w/ EncumbranceEncumbrance•Cash w/ Cash w/ EncumbranceEncumbrance•US Federal US Federal AccountingAccounting•China Standard China Standard AccrualAccrual
US GAAPUS GAAPUS COAUS COAUS US CalendarCalendar
EUREUR
Ledger BLedger B
French RulesFrench RulesFrench COAFrench COAFrench French CalendarCalendar
EUREUR
Ledger ALedger A
Multiple Accounting RepresentationsParallel Financial Reporting with Ledgers
SubledgeSubledger r
AccountiAccountingng
SubledgeSubledger r
AccountiAccountingng
Single Single subledger subledger
transactiontransactioncan create can create multiplemultiple
accounting accounting representatiorepresentatio
nsnsand in and in
multiple multiple currenciescurrencies
Single Single subledger subledger
transactiontransactioncan create can create multiplemultiple
accounting accounting representatiorepresentatio
nsnsand in and in
multiple multiple currenciescurrencies
DrDr CrCr
Payables InvoicePayables InvoicePayables InvoicePayables Invoice
Multiple Ledgers
Primary Ledger• the main “Activity” Ledger• Usually in the local currency• For Operational reporting
Secondary Ledger (ex. France requires Statutory Chart)
• Differs from Primary Ledger by Chart, Calendar, and/or Convention• For Statutory, Tax or Consolidated reporting
Reporting Currency Ledger • Differs from Primary Ledger by Currency ONLY• Just a translation of the Primary Ledger – no rules required• For Consolidated reporting
Ledger Sets Global Information At A Glance
Ledger Ledger SetSet
Ledger Ledger SetSet
Key benefits to many Ledgers in one set
•Decision-driving business information always available
•Simpler processing and General Ledger management
•Data and definitions that can be shared and secured
US GAAPUS COAUS Calendar
USD
US GAAPUS COAUS Calendar
USD
Ledger CLedger CLedger CLedger C
US GAAPUS COAUS Calendar
EUR
Ledger BLedger B
French RulesFrench COAFrench Calendar
EUR
Ledger ALedger A
Share:Share:CChart of hart of AccountsAccounts
CCalendaralendar
Share:Share:CChart of hart of AccountsAccounts
CCalendaralendar
Ledger DLedger DLedger DLedger D
Reporting Currency
US GAAPUS COAUS Calendar
AUD
LEDGER SETS•Grouping of ledgers with the same chart of accounts and calendar/period type combination
•Essentially treats multiple ledgers as one
Perform the Following Across LedgersUsing Ledger Sets
• Open/Close Periods• Create Journals
• Allocations Across Ledgers• Recurring Journals for All Ledgers• Elimination Sets for All Ledgers
• Translate and Revalue Balances• View Information without Changing
Responsibilities• View Journals and Account Balances
Across Ledgers• Submit Standard Reports• Create Financial Statements that Include
Data for Multiple Ledgers
Impacted ApplicationsLedger Sets
• Ledger Sets used by General Ledger• Some AR and AP reports use Ledger Sets
Impact/Upgrade ConsiderationsLedger Sets
• None; All sets of books upgraded to ledgers• Only need to define ledger sets to obtain
processing efficiencies
ProjectProjectss
ProjectProjectss
ReceivableReceivabless
ReceivableReceivabless
PayablePayabless
PayablePayabless
3rd Party
Systems
3rd Party
Systems
InventoInventoryry
InventoInventoryry
3rd Party
Systems
3rd Party
Systems
• 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
SLA = Centralized Accounting SLA = Centralized Accounting Model, Model,
Rules, Engine and RepositoryRules, Engine and Repository
SLA = Centralized Accounting SLA = Centralized Accounting Model, Model,
Rules, Engine and RepositoryRules, Engine and Repository
DrDr CrCr
General Ledger General Ledger General Ledger General Ledger
Work in Work in ProcessProcessWork in Work in ProcessProcess
PurchasinPurchasingg
PurchasinPurchasingg
Subledger AccountingCentralized Rules, Common Repository: Global Control
Introduction to Subledger AccountingDUAL POSTING SIMULTANEOUSLY
Invoice Internal Identifier: 1001Invoice Internal Identifier: 1001
Ledger: FR StatutoryLedger: FR Statutory
GL Date: 2-Mar-2006GL Date: 2-Mar-2006
Invoice# 100Invoice# 100
Supplier: ABC NetworksSupplier: ABC NetworksInvoice #100Invoice #100
ABC NetworksABC Networks
2 Monitors – Marketing $10002 Monitors – Marketing $1000
5 Printers – Marketing $ 5005 Printers – Marketing $ 500
FreightFreight $ 100 $ 100
Tax $ 110Tax $ 110
TotalTotal $1710 $1710
Ledger: US CorporateLedger: US Corporate
GL Date: 2-Mar-2006GL Date: 2-Mar-2006
Invoice# 100Invoice# 100
Supplier: ABC NetworksSupplier: ABC Networks
Invoice Internal Identifier: 1001Invoice Internal Identifier: 1001
DRDR CRCR
1 Expense 01-EXP-2001 Expense 01-EXP-200 $1500 $1500
2 Freight 01-FR-2002 Freight 01-FR-200 $100$100
3 Tax 01-TX-200 $1103 Tax 01-TX-200 $110
4 Liability 01-LIAB-2004 Liability 01-LIAB-200 $1710$1710
Invoice Line 1Invoice Line 1
Invoice Line 2Invoice Line 2
Invoice Line 3Invoice Line 3
Invoice Line 4Invoice Line 4
Transactions vs. Accounting
• SLA provides a distinction between a transaction and the accounting representation of the transaction
(there can be multiple representations of one transaction)
• Accounting distributions did not necessarily go away• Needed for upgrade customers• Needed as starting point for SLA (Don’t want to force customers to
define their own SLA rules)• In some cases, necessary to allow user input
• Most default SLA rules just ‘pass through’ the distribution accounts (where applicable)
Impacted Applications
• General Ledger• Payables• Receivables• Projects• Assets• Costing• OPM• Public
Sector/Federal
• Payroll• Property Manager• Loans• Lease Management
(Post R12)• Cash Management• Globalizations• Intercompany
Subledger Entry vs. GL Journal EntriesMany to One
Invoice No: 136274 GL Date: 01/27/07 3rd Party: Fender
101.100.63580.0000.720.000.000 6,000 EUR101.100.22100.0000.000.000.000 6,000 EUR
Invoice No: 131299 GL Date: 01/27/07 3rd Party: Gibson
101.100.63580.0000.720.000.000 3,000 EUR101.100.22100.0000.000.000.000 3,000 EUR
Invoice No: 116555 GL Date: 01/27/07 3rd Party: Kramer
101.100.63580.0000.720.000.000 2,000 EUR101.100.22100.0000.000.000.000 2,000 EUR
Batch: AP Invoices 27-Jan-07 GL Period: Jan-07
101.100.63580.0000.720.000.000 11,000 EUR101.100.22100.0000.000.000.000 11,000 EUR
SLA JE #1
SLA JE #2
SLA JE #3
GL JE #1
Controlled by GL JE Summarization setting for each Subledger App (AP, AR, etc): Summarize by GL Date, by GL Period, or No Summarization
Upgrade Considerations
• By default, the R12 upgrade migrates at least 6 periods of accounting entries from each application to the SLA data model.• You can modify this if desired.
• For prior periods, the historical data is preserved. You can drill from General Ledger to the historical transactions using standard GL drilldown
ResponsibilityResponsibility ResponsibilityResponsibility ResponsibilityResponsibility
Holland
Legal Entity
Denmark
Legal Entity
Belgium
Legal EntityFunctional Tasks Order Management Dunning, Collections,
Billing Requisition, Demand &
Purchase Orders Receiving & Drop Ship Invoice Receipt,
Disbursement Customer Data
Management Accounting Setup
Functional Tasks Order Management Dunning, Collections,
Billing Requisition, Demand &
Purchase Orders Receiving & Drop Ship Invoice Receipt,
Disbursement Customer Data
Management Accounting Setup
Single Responsibility
Belgium
Operating Unit
Holland
Operating Unit
Denmark
Operating Unit
Perform multiple tasks across operating units without changing
responsibilities
MOAC: Multi-Org Access ControlRole based access to Operating Units
Multi-Org Access Control SetupDefine Security Profile
Classify Organization as operating
unit
Specify Operating UnitsSpecify Operating Units
MOACTypical Screen in daily use
Select Operating Unit Select Operating Unit during Inputduring Input
Web UIWeb UI
Open Open Interfaces / Interfaces /
APIAPI
Excel Excel
(Web ADI)(Web ADI)
Advanced GlobalIntercompany
System
Advanced GlobalIntercompany
SystemSubledgerSubledgerInvoices &Invoices &DocumentsDocuments
Generate subledger invoicesGenerate subledger invoices
Control transaction entry with Control transaction entry with Intercompany CalendarIntercompany Calendar
Fully Configurable Approval RulesFully Configurable Approval Rules
Flexible Security ModelFlexible Security Model
Centrally defined Intercompany Centrally defined Intercompany AccountsAccounts
Online Online Reconciliation Reconciliation
ReportingReporting
XML XML Publisher Publisher ReportsReports
Advanced Global Intercompany System Address the Top Barrier to a Fast Close
Subledger Subledger AccountingAccountingSubledger Subledger AccountingAccounting
DrDr CrCr
General General Ledger Ledger ReceivableReceivable
ssReceivableReceivable
ssPayablePayable
ssPayablePayable
ss
Intercompany Due To / Intercompany Due To / Due From lines Due From lines
automatically generatedautomatically generated
• Single Repository of transactions for global business insight
• Centralized rules applied to transactions to manage globally and reduce risk
• Automation of tax processes on transactions to improve operational efficiency
• Improved Reporting
• Effective Date Setup
• Extensible architecture that supports additions, e.g. Self-assessed
Use Tax
TaxTransactions
TaxSetup/Rules
InternetExpenses
Receivables
Order Management
GeneralLedger
Purchasing
InternetProcurement
Inter-CompanyInvoicing
Inter-CompanyInvoicing
Payables
E-Business TaxCentrally manage tax transactions across entire E-Business Suite
• User determines tax by assigning Tax Codes
• Tax rules in code
•Global descriptive flexfields for country-specific tax attributes
•Granular setup at OU level
Before R12Before R12 R12R12
eBusiness TaxTax determination, not just tax codes…
• 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 complianceImproves auditability
• Bank account is now associated with LE entity rather than Operating Unit
• Single bank account serves multiple Operating Units
• For Internal Banks and Customer & Supplier Banks
• Enhanced Reconciliation
AssetsAssets
ProjectsProjectsReceivables
Receivables
PayablesPayablesPurchasing
Purchasing
Projects
Projects
Receivables
Receivables
PayablesPayables
InventoryInventory
PLUS:Centralized Credit Card ModelSupplier & Customer Banks in
TCA
Centralized BankingShared Services Disbursements
Work in Work in ProcessProcessWork in Work in ProcessProcess
LE
OU A OU B OU C
Bank Model: Example of what you can doPay invoices from different OUs with 1 instruction
OU A
OU B
OU CBank
Single Payment
Instruction
Invoices
Payments
Sub Ledger Sub Ledger AccountingAccountingSub Ledger Sub Ledger AccountingAccounting
• New Payments Module• New Bank Module
• New Bank & Credit Card Features
BanksDefine Owner of Bank Account
Specify Legal Entity Specify Legal Entity OwnerOwner
Where is Account Where is Account used?used?
Select Multiple LE’s, Select Multiple LE’s, OU’s, Currencies in OU’s, Currencies in single Payment Runsingle Payment Run
Report Repository
Online “file cabinet” to Online “file cabinet” to where Financial where Financial
Reports are publishedReports are published
Control Accounts
Control Account – Control Account – Prevents posting other Prevents posting other
than automatically than automatically from Subledgersfrom Subledgers
Replacement Accounts
Replacement Account Replacement Account will be posted to in will be posted to in place of Disabled place of Disabled
AccountAccount
Submit or Schedule Payment Submit or Schedule Payment Process RequestProcess Request
Payments Dashboard
Use Payment Template to Use Payment Template to Default valuesDefault values
Pay Multiple Legal Pay Multiple Legal Entities, Operating Entities, Operating
Units, and Currencies Units, and Currencies in one Payment Runin one Payment Run
Can do STP (Straight Thru Can do STP (Straight Thru Processing) or Review/Edit Processing) or Review/Edit
selected Invoicesselected Invoices
Cash Forecasting is a planning Tool that helps you anticipate the flow of Cash in & out of your business, allowing you to project your cash needs.
Robust Cash Forecasting
Drill down to Drill down to transaction detailstransaction details
Specify SourcesSpecify Sources
Include/Exclude Include/Exclude lineslines
Flexible Cash PositioningCash Positioning is a planning tool that allows you to view your daily cash position by Bank Acct, Cash Pool, or Currency.
Drill down to detailsDrill down to details
Online refresh capabilitiesOnline refresh capabilities
Automatically generate Automatically generate cash transfers cash transfers
View by currency, bank View by currency, bank account or cash poolaccount or cash pool
Save Projected Save Projected Balances for ReportingBalances for Reporting
““Cash Leveling” Cash Leveling” Proposal – initiates Proposal – initiates
Bank TransferBank Transfer
Simplified Self-Service ReportingBI (XML) 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
““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
• Many, many, many Standard Reports
• Multiple formats per report
• Merge Data with Contract Terms
• User-defined templates
• Boardroom Quality Output
Oracle BI Publisher
Oracle Business IntelligenceComprehensive View of Financial Performance
Payables AnalyticsProvides visibility into payments due to suppliers and expense line detail so managers can manage cash outflows and control expenses. When combined with Supply Chain Analytics, it allows full procurement analysis from Requisition to Check.
Receivables AnalyticsMonitors collections processes to show what customers buy and how they pay, enabling managers to identify overdue balances and other receivables bottlenecks. When combined with Oracle Sales Analytics and Oracle Order Management & Fulfillment Analytics, it enables more efficient management of the entire Lead to Cash process.
General Ledger & Profitability AnalyticsIncorporates detail-level general ledger transactions and cash flow analysis across locations, customers, products, sales territories, distribution channels, and business units.
Identifies the customers and transactions that are providing maximum profits by product, location, department, and geographic detail. When combined with Marketing Analytics, it enables analysis of Campaign ROI and assists in customer segmentation.
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
User Productivity Kit (UPK)
• 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.
UPK Playback Modes
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
EFFICIENCYEFFICIENCYEFFICIENCYEFFICIENCY
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
EFFICIENCYEFFICIENCYEFFICIENCYEFFICIENCY
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
“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.”
New in 11i.10…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 R12…• 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
• 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
Evolution of Oracle FinancialsEvolution of Oracle Financials