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Oracle E-Business Suite What’s New in Financials Release 12. Sue Guggenberger Sales Consultant. Today’s Quiz. What percent of companies have …. Source: The Agile CFO , IBM Business Consulting Services. Finance Performance Suffering from Lack of Standardization. HOW FINANCE SPENDS ITS TIME

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today s quiz
Today’s Quiz

What percent of companies have …

Source: The Agile CFO, IBM Business Consulting Services

finance performance suffering from lack of standardization
Finance PerformanceSuffering from Lack of Standardization
  • HOW FINANCE SPENDS ITS TIME
  • Nearly 50% on routine work

26%

47%

27%

  • The Agile CFO, IBM Business Consulting Services, 2005
  • Corporate Finance Departments Leaving Money on the Table , PWC Management Barometer, 2006
agenda
Agenda
  • What’s on the mind of the CFO?
  • How can Financials Release 12 help?
  • Why Upgrade?
globalization adds complexity
Globalization Adds Complexity

EXTENT TO WHICH VALUE CREATING ACTIVITIES INCREASE COMPLEXITY

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

Some Extent

Large Extent

Very Large Extent

Percent

Source: PWC, 9th Annual Global CEO Survey

complexity drives up costs
Complexity Drives Up Costs
  • Fragmented systems
  • Varied policies, processes, controls, and systems
  • Manual processes

Costs

  • Consolidated systems
  • Standard policies, processes, controls and systems
  • Automated and best practice processes

Complexity

back to the basics consolidate centralize and standardize
Back to the BasicsConsolidate, Centralize, and Standardize

50%

Senior executives say simplification is driving the Finance agenda

Source: PWC Management Barometer

slide9

<Insert Picture Here>

Anthony Salcido

VP and Corporate Controller, Toyota Motor Sales USA

“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.”

agenda15
Agenda
  • What’s on the mind of the CFO?
  • How can Financials Release 12 help?
  • Why Upgrade?
safe harbor statement
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.

financials release 12 the global business release
Financials Release 12 The Global Business Release

THINK GLOBALLY

To Make the Right Decisions

WORK GLOBALLY

To Be More Competitive

MANAGE GLOBALLY

To Lower Cost & Increase Performance

Work better across applications, divisions, and regions

Achieve global view of customer, supplier, partner & operations

Implement, manage, and scale global applications easier

  • Integration with core industry applications
  • Self-service report formats and publication
  • Superior ownership experience
  • Truly integrated performance management
  • Real-time profitability analysis
  • Unified financial and operational analytic applications
  • Flexible, centralized, global accounting structure
  • 300+ enhancements to best practice business processes
  • Comprehensive governance, risk and compliance platform
global architecture more control greater flexibility lower costs

-%

Dr

Cr

Global ArchitectureMore Control, Greater Flexibility, Lower Costs

2

1

MULTIPLE LEDGERS

Centralized Architecture

LEGAL ENTITY

3rd Party Systems

2.1

General Ledger

ACCOUNTING

2.2

2.3

BANK MODEL

Centralized Accounting Model,

Rules, Engine and Repository

2.4

TAX ENGINE

INTERCOMPANY

2.5

Intercompany Accounting

Banking

Global Tax

Legal Entity

3

E-Business Suite

ROLE BASED ACCESS to Operating Units

3rd PartySystems

Inventory

Receivables

Projects

Purchasing

Payables

Work in Process

multiple ledgers more efficient period end processing

Must Share:

    • Chart of Accounts
    • Calendar

Ledger C

US GAAP

US COA

US Calendar

USD

1

Ledger A

Ledger B

  • Defined by 4 C’s:
    • Accounting Convention
    • Chart of Accounts
    • Calendar
    • Currency

US GAAPUS COA

US Calendar

EUR

French Rules

Plan Comptable

French Calendar

EUR

Ledger D

US GAAP

US COA

US Calendar

GBP

Multiple Ledgers More Efficient Period-end Processing

Ledger Set

  • 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

get the legal entity right compliance falls into place

LE’s in Release 12

  • 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
Get the Legal Entity Right Compliance falls into place

2.1

Why We Care

  • 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
centralized legal entity management easier compliance for complex structures
Centralized Legal Entity ManagementEasier Compliance for Complex Structures

2.1

  • 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.

PublicCompany

SubsidiaryCompany(regional parent)

SubsidiaryCompany(business parent)

PublicCompany

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

SubsidiaryCompany

Legal entities (parent and subsidiary)

“Group” structure

centralized accounting policies greater control transparency and auditability

-%

Dr

Cr

Centralized Accounting PoliciesGreater Control, Transparency and Auditability

2.2

  • 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

3rd Party Systems

General Ledger

Centralized Accounting Model,

Rules, Engine and Repository

Intercompany Accounting

Banking

Global Tax

Legal Entity

E-Business Suite

3rd PartySystems

Inventory

Receivables

Projects

Purchasing

Payables

Work in Process

multiple accounting representations parallel financial reporting

1

Multiple Accounting RepresentationsParallel Financial Reporting

+

2.2

Ledger A

Ledger B

French Rules

Plan Comptable

French Calendar

EUR

US GAAPUS COA

US Calendar

EUR

Dr

Cr

Centralized Accounting

Single business transaction

can create multiple

accounting representations

and in multiple currencies

Payables Invoice

centralized banking and payments funds disbursements and capture

Inventory

Projects

Centralized Banking and PaymentsFunds Disbursements and Capture

2.3

  • 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

LE

OU A

OU B

OU C

Plus

Receivables

  • Centralized Credit Card Model
  • Credit Card Encryption
  • Supplier & Customer Banks in TCA

Assets

Purchasing

Payables

Work in Process

E-Business Suite

example shared service disbursement
Example: Shared Service Disbursement

OU A

OU B

Centralized Accounting

Single Payment Instruction

OU C

Bank

Payments

  • 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

Invoices

centralized global tax less complex global tax compliance
Centralized Global TaxLess Complex Global Tax Compliance

2.4

Benefits

Solution

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.)

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
oracle ebusiness tax processing taxes for transactions and reporting

Parties

 Compliance, Assurance

 Efficiency, Global Visibility

Places

Purchasing

Products

Single Interface for Transactions

Payables

Processes

Calculate

TaxAmount

Tax Status& Rate

DetermineRegimes

ApplicableTaxes

Taxable

Basis

 Extensible

 Service Oriented Architecture

Sales Orders

Transparent Integration with Tax Partner Services

Receivables

Tax Transactions

Taxes,

Rules

Tax Reports

- PDF, HTML, RTF- Security enabled

Oracle eBusiness TaxProcessing taxes for transactions and reporting

Transactions

centralized intercompany faster period end close
Centralized Intercompany Faster Period-End Close

2.5

Advanced GlobalIntercompanySystem

SubledgerInvoices &Documents

Manual Entry

Open Interfaces / API

  • Generate subledger invoices
  • Control transaction entry with Intercompany Calendar
  • Fully Configurable Approval Rules
  • Centrally defined Intercompany Accounts
  • Transaction-level balancing

Online Reconciliation Reporting

Excel(Web ADI)

XML Publisher Reports

Dr

Cr

Subledger Accounting

General Ledger

Receivables

Payables

role based access more productive shared services operations

3

Role-Based AccessMore Productive Shared Services Operations

Perform multiple tasks across operating units without changing responsibilities

Holland

Legal Entity

Belgium

Legal Entity

Denmark

Legal Entity

Functional Tasks

  • Accounting
  • Billing, Dunning & Collections
  • Procurement
  • Order Management
  • Payments
  • Data Management

SingleResponsibility

Denmark

Operating Unit

Belgium

Operating Unit

Holland

Operating Unit

Responsibility

Responsibility

Responsibility

Responsibility

Responsibility

Responsibility

slide31

<Insert Picture Here>

Governance, Risk and Compliance

global compliance and reporting integrated financial reporting compliance mgmt
Global Compliance and Reporting*Integrated Financial Reporting & Compliance Mgmt

Financial Consolidation Hub

New in FCH

  • 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

Governance, Risk & Compliance

New in GRC

  • Compliant access provisioning
  • Continuous monitoring of profile options
  • Monitoring of application controls at supplier sites
  • Online and report history of application control changes

* Available Pre-R12

global visibility and integration financial consolidation hub
Global Visibility and IntegrationFinancial Consolidation Hub

One-Touch

Consolidation

Data

Transformation

& Validation

Oracle EBS

Results

Auditing

PeopleSoft E

Operating

Balances

FinancialConsolidation

Report

Generation

JD Edwards E1

SAP

Multi-Dimensional

Analysis

Legacy Apps

ComplianceCertification

financial consolidation hub spreadsheet reporting with live drill
Financial Consolidation Hub Spreadsheet Reporting with Live Drill

Interactive spreadsheet with live drill to transactions

oracle governance risk and compliance

Insight

Processes

Risk & Compliance Mgmt

Controls Management

Policy Mgmt

Industry Specific

Risk & Control

Intelligence

Applications

Oracle SAP Custom Legacy Other

Operational

Intelligence

Infrastructure Services

Content Mgmt

Identity Mgmt

Change Mgmt

Data Security

Data Audit

Performance

Management

Repository

Oracle Governance, Risk, and Compliance
oracle governance risk and compliance best in class infrastructure automates enforcement
Oracle Governance, Risk, and ComplianceBest-in-Class Infrastructure Automates Enforcement

Insight

Processes

  • 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

Risk & Compliance Mgmt

Controls Management

Policy Mgmt

Industry Specific

Risk & Control

Intelligence

Applications

Oracle SAP Custom Legacy Other

Operational

Intelligence

Infrastructure Services

Content Mgmt

Identity Mgmt

Change Mgmt

Data Security

Data Audit

Performance

Management

Repository

oracle governance risk and compliance comprehensive applications control costs and risks

Insight

Processes

Risk & Compliance Mgmt

Controls Management

Policy Mgmt

Industry Specific

Risk & Control

Intelligence

Applications

Oracle SAP Custom Legacy Other

Operational

Intelligence

Infrastructure Services

Content Mgmt

Identity Mgmt

Change Mgmt

Data Security

Data Audit

Performance

Management

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
oracle governance risk and compliance integrated business insight ensures accountability

Insight

Processes

Risk & Compliance Mgmt

Controls Management

Policy Mgmt

Industry Specific

Risk & Control

Intelligence

Applications

Oracle SAP Custom Legacy Other

Operational

Intelligence

Infrastructure Services

Content Mgmt

Identity Mgmt

Change Mgmt

Data Security

Data Audit

Performance

Management

Repository

Oracle Governance, Risk, and ComplianceIntegrated Business Insight Ensures Accountability
  • 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
slide39

<Insert Picture Here>

THINK Globally

truly integrated cpm applications

Work

Think

Manage

Executives

Analysts

Managers

Reporting

Planning

SensorBasedServices

Users

Truly Integrated CPM Applications
  • Make timely decisions with integrated information systems
  • Target information delivery with role-based dashboards
  • Protect organizational integrity with secure information delivery

Consolidation & Compliance

ProfitabilityAnalysis

Forecasting& Modeling

Portfolio Analysis

OperationalReporting

PerformanceScorecards

Network Optimization

Inventory Optimization

Transaction Processing

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

oracle bi foundation
Oracle BI Foundation

Comprehensive

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

Hot Pluggable

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

Pervasive

  • User self-service with superior tools
  • Multi-channel information access & delivery
  • Consistent, accurate information from Common Enterprise Information Model
the best of both worlds
The Best of Both Worlds

Advanced BI Server

Hyperion

Best In Class PM Applications

Enterprise Information Model

Flexible Information Access

Comprehensive BI Applications

Market Leading OLAP

Oracle

integrated open best of breed
Integrated, Open, Best of Breed

Advanced BI Server

Advanced BI Server

Hyperion

Best In Class FPM Applications

Best In Class PM Applications

Enterprise Information Model

Enterprise Information Model

Flexible Information Access

Flexible Information Access

Comprehensive BI Applications

Comprehensive BI Applications

Market Leading OLAP

Market Leading OLAP

Oracle

slide44

<Insert Picture Here>

MANAGE Globally

comprehensive integration repository

Work

Think

Manage

Comprehensive Integration Repository

A Catalog of All EBS Integration Points

  • 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
  • Web Services
  • Public Java & PL/SQL APIs
  • Business Events
  • Batch Interfaces
comprehensive integration repository46

Work

Think

Manage

Comprehensive Integration Repository

A Catalog of All EBS Integration Points

  • 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
  • Web Services
  • Public Java & PL/SQL APIs
  • Business Events
  • Batch Interfaces
slide47

Work

Think

Manage

Integration with Core ApplicationsOracle|Retek Integration with BPEL

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

Accounts Payable

Merchandising

Inbound Retek Data

  • Matched invoices
  • Credit notes
  • Debit memos
  • Rebates
  • Daily sales
  • Cash and deposits
  • Inventory
  • Sales data

Invoice Matching

General Ledger

E-Business Financials

Accounts Receivable

Sales Audit

Outbound Financials Data

  • Payment terms
  • GL accounts
  • Currency rates
  • Suppliers
  • Partners
  • Addresses
  • Freight terms

Cash Management

Stock Ledger

data management leveraging centralized data model

Work

Think

Manage

-%

Data ManagementLeveraging centralized data model

Payments

Global Tax

Cash Management

Payables

Authorities, Geographies, etc.

Party Information

Purchasing

Banks and Branches

Suppliers

Trading Community Architecture

Oracle Fusion Middleware

ERP

3rd Party

CRM

self service reporting xml publisher

Work

Think

Manage

Self-Service ReportingXML Publisher

Reporting Evolution

Benefits

  • 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
  • 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

“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 enables users to create their own reports, minimizing the dependency on the IT staff.” -- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle Practice

superior ownership experience 11 i user experience

Work

Think

Manage

Superior Ownership Experience11i 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

slide51

Work

Think

Manage

Superior Ownership ExperienceSingle Page for Accounting Setup

  • Legal Entities
  • Ledgers
  • Currencies
  • BalancingSegments
  • SubledgerAccounting
  • Operating Units
  • BalancingOptions
superior ownership experience better upgrades

Work

Think

Manage

Superior Ownership ExperienceBetter Upgrades

Continuity and Choice

  • Uptake new features at your pace
  • 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

“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 architecture changes in Release 12. Upgrading now will help build the foundation to prepare for Fusion—maximizing business value while mitigating risk.” -- Sean Malinski, Accenture Partner, Global Business Solutions - Oracle Practice

agenda54
Agenda
  • What’s on the mind of the CFO?
  • How can Financials Release 12 help?
  • Why Upgrade?
why upgrade straight talk from customers
Why UpgradeStraight 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.”

why upgrade straight talk from partners
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 upgrade straight talk from partners57
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 upgrade straight talk from partners58
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 upgrade straight talk from partners59
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 upgrade multinational customers
Why UpgradeMultinational Customers
  • Manage complexity at lower cost
  • Comply with international regulations and standards
  • Reduce upgrade risk
why upgrade domestic customers
Why UpgradeDomestic Customers
  • Lower TCO
  • Improve user experience
  • Reduce upgrade risk
financials release 12 the global business release62
Financials Release 12The Global Business Release

THINK GLOBALLY

To Make the Right Decisions

WORK GLOBALLY

To Be More Competitive

MANAGE GLOBALLY

To Lower Cost & Increase Performance

Work better across applications, divisions, and regions

Achieve global view of customer, supplier, partner & operations

Implement, manage, and scale global applications easier

  • Integration with core industry applications
  • Self-service report formats and publication
  • Superior ownership experience
  • Truly integrated performance management
  • Real-time profitability analysis
  • Unified financial and operational analytic applications
  • Flexible, centralized, global accounting structure
  • 300+ enhancements to best practice business processes
  • Comprehensive governance, risk and compliance platform
overall business benefits
Overall Business Benefits
  • Faster, simpler period end processing
  • Centralized and standardized key business functions
  • More productive shared services operations
slide65

<Insert Picture Here>

Appendix:300+New Features

new in financial control reporting highly automated financials processing drives efficiencies
New in Financial Control & ReportingHighly automated financials processing drives efficiencies
  • Centralized accounting setup
  • Streamlined multiple ledger processing and reporting
  • Parallel financial reporting
  • Automatic reporting currency conversion
  • Replacement for disabled accounts

EFFICIENCY

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

FLEXIBILITY

  • Accounting and reporting sequencing
  • Journal line reconciliation

AUDITABILITY

new in procure to pay integrated suite optimizes working capital
New in Procure-to-PayIntegrated 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 invoicing activity in Oracle Payables and Purchasing

PRODUCTIVITY

  • 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 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
New in Credit-to-CashAccelerate 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

  • 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
New in Cash and TreasuryOptimize 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

  • 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

new in asset management maximize return on assets
New in Asset ManagementMaximize return on assets
  • Automate legacy asset conversion with enhanced preparation of Mass Additions

EFFICIENCY

  • Perform rollback on select assets with Automatic Depreciation Rollback

PERFORMANCE

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

INDUSTRY SUPPORT

new in travel expense lower the total cost of travel and expense
New in Travel & ExpenseLower the total cost of travel and expense
  • CONUS and OCONUS global per diem rates
  • Per diem and policy schedules

LOWER COSTS

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

ACCURACY

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

PRODUCTIVITY