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Did you Know that in Oracle Release R12,

Technology Stack needs the following components

Oracle 11g
Oracle Application Server 12.1.3
Oracle Enterprise Manager 11.2.0.3.0
Oracle Developer 10g

All Forms are constructed using Forms 10g, featuring among others

Multiple Documents Interface
Right-Mouse Pop-Up Menus

Concurrent Manager is enhanced to support launching Reports 10g reports.

Multi-Lingual Features exist for Several Standard Oracle Documents and Reports

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Multi-Org Access Control (MOAC)

  • Multi-Org Access Control enables uses to access multiple operating units
  • User can access reports
  • Multiple operating units from single responsibility

Sub-ledger Accounting

  • Rule-based Accounting engine
  • Can map transactions to multiple Ledger
  • Different summarisation options
  • Replaces disparate setups in 11i

Oracle E-Business Tax

  • Complete Global tax solution for E-Business Suite
  • Captures All relevant tax and trasnaction information in a centerlaized tax repository
  • Offers powerful and flexible tax reporting solutions
  • Enable sharing of tax setup across operating units

Oracle General Ledger

  • Accounting Setup Manager
  • Foreign currency enhancements
  • Security enhancements
  • Inter-company enhancements
  • Data Access to Multiple Legal Entities and Ledgers

Oracle Accounts Payable

  • Advanced Asset Tracking tool
  • Deferred recoverability
  • New payment controls and enhanced Information
  • Self-service invoice entry

Oracle Receivables

  • Transition to New Features Collections Workbench
  • Centralized Payment Process
  • Automated Refunds
  • Revenue Contingencies
  • Migrating Taxes from 11.5 to 12.0

Oracle Cash Management

  • New Bank Account Model
  • Bank Account Balances and Interest Calculations
  • Performing account transfers
  • Performing bank statement reconciliation

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Accounting Views are new to Release R12. The Accounting Lines Window enables viewing accounting lines for any transaction within several Financial modules and the T-Accounts Window allows for viewing any subledger accounting entry or General Ledger journal entry in a graphical T-account format.

In Oracle General Ledger:

The ledger is a basic concept in Release 12. The ledger replaces the 11i concept of a set of books. It represents an accounting representation for one or more legal entities or for a business need such as consolidation or management reporting.
Companies can now clearly and efficiently model its legal entities and their accounting representations in Release 12. This seems to be a major area in getting success of the shared service center and single instance initiatives where many or all legal entities of an enterprise are accounted for in a single instance, and data, setup, and processing must be effectively secured but also possibly shared.

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In Oracle Payables:

Suppliers are defined as Parties within Oracle Trading Community Architecture. Invoice Lines are introduced as an entity between the invoice header and invoice distributions in order to better match the structure of invoice documents and improve the flow of information like manufacturer, model, and serial number from Purchasing through to Assets. Payments, and all funds disbursement activities, are handled by a new module Oracle Payments.
Payment features controlled by Global Descriptive Flexfields (GDF) in prior releases have been consolidated and migrated into the data models of Oracle Payables, Oracle Payments and Oracle Cash Management. The architecture of this solution moves attributes from the GDFs, which are obsolete in Release 12, to regular fields on the appropriate entity, including the invoice, payment format & document, supplier site, and bank account. Having a single code base as opposed to GDFs implemented per country simplifies global implementations and streamlines transaction processing.

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In Oracle Receivables:

In Oracle Receivables Partial Period Revenue Recognition enables the generation of revenue recognition schedules that respect the start and end dates of contractual obligations.Oracle 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 memos.
Rceivables deliver enhanced Late Charges functionality enabling the creation of standard late charge policies that can be assigned to customer accounts or account sites. Flexible policy configurations include multiple interest calculation formulas, transaction and account balance thresholds, and currency-level rate setups. Additionally, charges may be modeled as different document types such as adjustments, debit memos, or interest invoices depending on the business need.
The matching of open receivables and open payables is automated. You are now able to determine whether you or your trading partner has a greater balance outstanding and update your books, collect payments or make payments accordingly.


Check with EnTechSolv Consultants on these and more new features in Oracle Release R12. Propel your enterprise with the Internet Enabled Release R12.


Let EnTechSolv assist your enterprise in implementing/upgrading to Oracle Applications Release R12.

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