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Overview of the New Financial Architecture in Oracle E-Business Financials Release 12. Julie Peacock Director, Financials Strategy. Work Globally Operating Across Boundaries. CHALLENGES. CAPABILITIES. Parallel financial reporting through ledgers Standard accounting policies and rules

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Overview of the New Financial Architecture in Oracle E-Business Financials Release 12


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    1. Overview of the New Financial Architecture in Oracle E-Business Financials Release 12 Julie Peacock Director, Financials Strategy

    2. Work GloballyOperating Across Boundaries CHALLENGES CAPABILITIES • Parallel financial reporting through ledgers • Standard accounting policies and rules • Global tax engine • Access controls for shared services • Shared bank services • Advanced global intercompany processes • Common system for global compliance • Greater auditability and transparency with multiple ledger structure and centralized accounting policies and rules Meet diverse global accounting and tax requirements Operate more efficiently across applications, divisions, and regions Simplify managing and monitoring global compliance

    3. -% Dr Cr Centralized Financial ArchitectureMore Control with Even Greater Flexibility 1 Multiple Ledgers 3rd Party Systems General Ledger General Ledger CENTRALIZED FUNCTIONS Drilldown 2 Accounting Policies Centralized Accounting Model 3 Banking 4 Global Tax Intercompany Accounting Global Tax Banking 5 Intercompany Accounting Receivables Projects Inventory 6 Shared Services Access Control 3rd Party Systems Payables Purchasing Work in Process E-Business Suite

    4. Ledger A US GAAP US COA US Calendar $ Ledger C Ledger D French Rules Plan Comptable French Calendar EUR US GAAPUS COA US Calendar EUR Ledger B US GAAP US COA US Calendar AUD Perform cross-ledger functions: • Open/Close Periods • Create Journals • Translate Balances • Perform Allocations • View Information • Create Reports Ledger Sets 1 Multiple LedgersLedgers and Ledger Sets

    5. Multiple LedgersParallel Financial Reporting 1 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 Reporting currency

    6. General Ledger General Ledger Centralized Accounting Model, Rules, Engine and Repository 3rd Party Systems Inventory Dr Cr Receivables Projects Centralized Accounting PoliciesGreater Control, Transparency and Auditability 2 • Internal control and compliance with multiple accounting policies through user-defined accounting rules • Single source of truthfor 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 Payables Purchasing Work in Process

    7. Accounting Setup ManagerSingle Page for Accounting Setup 2 • Legal Entities • Ledgers • Currencies • BalancingSegments • SubledgerAccounting • Operating Units • BalancingOptions

    8. 3 Centralized BankingShared Services Disbursements and Receipts Bank account shared by multiple operating units How it Works: Disbursements • Set up accounting policies • Select invoices from multiple operating units • Format for bank and disbursement countries • Send single instruction to bank • Record separate payments for each operating unit Legal Entity Op Unit Op Unit Op Unit Inventory Receivables Receivables Projects Projects Work inProcess Assets Payables Payables Purchasing

    9. BanksDefine Owner of Bank Account Legal Entity

    10. BanksGrant OU Access to Bank Account Operating Units

    11. Parties Places Purchasing Products Single Interface for Transactions Payables Processes Calculate TaxAmount Tax Status& Rate DetermineRegimes ApplicableTaxes Taxable Basis Sales Orders Transparent Integration with Tax Partner Services Receivables Tax Transactions Taxes, Rules Centralized Global TaxLess Complex Global Tax Compliance 4 Transactions …

    12. Centralized Intercompany Faster Period-End Close 5 Advanced GlobalIntercompanySystem Web UI SubledgerInvoices &Documents Transactions Open Interfaces / API Excel (Web ADI) • Subledger invoices • Intercompany calendar to control transactions • Configurable approval rules • Flexible security model • Centrally defined intercompany accounts Online Reconciliation Reporting Balanced transaction Dr Cr Yes No Subledger Accounting XML Publisher Reports Intercompany balancing lines

    13. SingleResponsibility Shared Services Access Control More Productive Shared Services Operations 6 Holland Legal Entity Belgium Legal Entity Denmark Legal Entity Functional Tasks • Accounting • Billing, Dunning & Collections • Procurement • Order Management • Payments • Data Management Denmark Operating Unit Denmark Operating Unit Belgium Operating Unit Belgium Operating Unit Holland Operating Unit Holland Operating Unit Responsibility Responsibility Responsibility Responsibility Responsibility Responsibility

    14. XML PublisherBusiness Users Format and Deliver Documents XML Publisher Data Sources Output Formats Destination Oracle Applications Publishing Engine • Email • Printer • Fax PDF RTF HTML XML EDI Excel XML CRM ESA FMS OrderConfirmations Templates Letters HCM FundTransfers OnlinePaychecks SCM GovernmentGrant Forms Bills Business User Any XMLData Source Integrate Out-of-the-Box with Oracle Applications

    15. Financial Reporting with XML PublisherNearly 400 Configurable Formats

    16. 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

    17. Ledger in aLedger Set Product Accounting Operating Unit Straightforward Upgrade Today Release 12 Set ofBooks • Same Responsibilities • Same Tables and IDs • Customization Continuity Subledger Accounting OperatingUnit (MOAC)

    18. 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

    19. 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

    20. 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

    21. 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

    22. Summary: New Capabilities in R12 • Objective • Simplify the ability to manage across business functions, organizations and locations • Requirements • Improve support for shared service operations • Ease access to aggregated data for management reporting • Ensure accurate accounting, tax and currency treatment of transactions • Process • Separated operational activities from financial management tasks • Defined new, logical business structures to easily group information • Rationalized trading partner data into a single location • Results • A single responsibility to access and transact on multiple organizations • A single ledger to manage multiple currencies • Ledger sets to manage accounting processes across ledgers • Centralized rules engines for tax, accounting and inter company • A separate and simple payment creation and delivery solution • Centralized trading partners (suppliers, banks, first party legal entities) • Simplified reporting via XML Publisher • Netting across trading partners The above reflects Oracle’s current development plans which are subject to change at any time

    23. Where to Find Additional Information E-Business Suite Financials Release 12 Advisor Webcasts: What's New in Oracle E-Business Suite Financials Release 12? What's New in Oracle E-Business General Ledger Release 12? Introducing Oracle E-Business Subledger Accounting in Release 12 What's New in Oracle E-Business Receivables Release 12? What's New in Oracle E-Business Credit Mgmt and Advanced Collections Release 12? What's New in Oracle E-Business Cash Management Release 12? Introducing Oracle E-Business Advanced Global Intercompany System in Release 12? Introducing Oracle E-Business Tax in Release 12? Introducing Oracle E-Business Payments in Release 12 What's New in Oracle E-Business Internet Expenses Release 12? What's New in Oracle E-Business Public Sector Financials Release 12? Oracle E-Business Subledger Accounting Release 12 Deep Dive Oracle E-Business Tax Release 12 Deep Dive Oracle E-Business Payments Release 12 Deep Dive What does Upgrading to Oracle EBS Financials look like from a Technical Perspective? • E-Business Suite R12 Information Center • Metalink: Headlines tab -> E-Business Suite • Alerts, Announcements, Documentation • Online Training (TOIs) • RCDs • Upgrading to Release 12? • Advisor Webcast Program • Metalink: Knowledge tab -> Support Tools -> Advisor Webcasts • Note:398877.1 • Live recorded webcasts describing the business benefits of the new capabilities in Release 12 • 16 available for Financials The above reflects Oracle’s current development plans which are subject to change at any time

    24. Thank You