New Features of r12.2 PDF

Oracle Financials R12.2 New Features Overview 11th June 2014

Presented By: Tony Mulley

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R12.2 New Features Presentation Overview

This presentation describes some of the new features and enhancements that

have been included in Oracle E-Business Suite Release 12.2.x

As we do not have time to run through every

new feature included in the entire product

suite, we will be focusing on the Financials

modules.

– With a number of the cases we have been

able to configure the new functionality,

allowing for a detailed review.

– In other cases we are limited to a high

level overview.


Name: Tony Mulley

Current Role: Head of the eBusiness Tax, and Order to

Cash Competencies within Hitachi

Consulting UK

Background: 17+ Years Oracle Consulting Experience,

and MICM.

Interesting Fact: Holds a Black Belt in Shotokan Karate, and

is proficient with the WMA ‘Long Sword’

Profile


What’s the Big Deal

Technology

End User Interface

Agenda

Advanced Collections

Receivables

iReceivables

Customer Hub

Payables

Payments

Supplier Hub

Cash Management

General Ledger

eBusiness Tax

Assets

Useful Information -


What’s the Big Deal with R12.2

In our opinion R12.2 will overtake R12.1.3 and become the R12 upgrade platform of

choice as we move through 2014 into 2015

11i R12.1.3

11i R12.2

So What’s

R12.2 all

about ?


Is R12.2 All About Technology Improvements

• Online patching equates to reduced downtime.

The online patching infrastructure included in R12.2 allows patches to be

deployed while the system is running and users are working as normal.

Online

Patching

End User

Interface

Java

64

• End User Interface Enhancements / Usability A more up to date look and feel

Home page open notification count / link

Mouse over popup indicator • Java 64

With R12.2 64-bit implementations of Java are supported, which improves the ability to deal with large volumes of data.


R12.2 End User Interface

Open Notification Link

From the home page there is now a link which displays the number of open

notifications for the user.

Simply clicking on

the link will drill into

the users open

notification worklist.

Pop Up Indicator

Simply hovering your mouse over certain areas such as fields, or icons will

result in pop up text appearing.



Table Structure Tools

Reorder Table Columns

Clicking on the table settings icon will open a pop up form allowing the user

to reorder the display of columns within the table.



Table Structure Tools

Detach Table

Clicking on the detach table icon will separate the table from the form


R12.2 Advanced Collections New Features

Placing Collection Strategies on Hold

Collectors now have the ability to place and release holds on individual collection

strategies using the ‘On Hold / Release’ function.

As an alternative the all “Put Strategy on Hold/Release” concurrent program can

be used to update customer records by Operating Unit / Globally.

These actions will remove active strategy work items from the UWQ until such

time as the hold is removed.


R12.2 Advanced Collections New Features

Automatic Reassignment of Work Items to New Collectors

As a direct result of staff turnover or departmental reorganisation, there can be a

need to reassign collectors work items.

The concurrent program “Synchronize Collector Work” gives you the ability to

automatically reassign items such as Collection Strategies, and Promises to Pay.

Metrics can now be Displayed by Operating Unit

The “Metrics by Operating Unit” option allows users to view collection metrics

by operating unit in addition to the existing global level.


R12.2 Receivables New Features

Period Close Exception Handling: Unaccounted Transaction Sweep

Previously the Period Close process in Receivables has enforced the resolution of

all accounting exceptions. New to R12.2 is the “Sweep Process”

The new Sweep Invalid

Distributions report shows details

of the accounting exceptions that

are preventing the period close

process completing.

If the amount involved is not

material and resolving the

accounting exceptions will delay

the period close then the

accounting date of the

distributions that have exceptions

should be swept to the next open

period.


R12.2 Receivables New Features

Automate Auto Lockbox Processing

Lockbox receipt files are processed by the Auto Lockbox programs to import, validate, create

and apply receipts. Until now the lockbox processing programs had to be launched manually.

New in R12.2 these programs can be scheduled as standard concurrent requests.

Ability to Mask Tax Information You now have the ability to mask both the Taxpayer ID and VAT Registration Numbers via

profile options.

-No Mask

-Mask First Four Digits

-Mask Last Four Digits

Unidentified Receipts API Receivables has a new API which can be used to assign customers to the unidentified

receipts.


R12.2 iReceivables New Features

Registration History and Payment Audit History

Oracle iReceivables now provides a Setup Checklist page to perform setup steps

and streamline the user registration process.

Two new tasks are available on the Setup Checklist page to manage the registration

and payment processes:

• Administrators can monitor customer registration requests and aid their

customers in completing the registration process by searching, viewing and

releasing the hold on the account request received.

• Registration History

• Payment Audit History

• Customer service representatives can use the Payment Audit History to

search and review the status of payments made by customers through

iReceivables enabling them to provide accurate payment status information

to their customers.


R12.2 Customer Hub New Features

Record History

In core form based applications user can view record history, a feature not available

in html based pages.

In this release users

can view the record

history details for the

customer and the

related entities.

The audit includes the

record creation details,

and the last recorded

update.

New to R12.2 is a record history audit function, displayed by clicking on the

record history icon.


R12.2 Customer Hub New Features

Real-Time address Validation

Address validation is the process of comparing user-entered addresses to a known data

source, to determine if the address is correct.

Additional Search Criteria (DQM)

In addition to the existing customer account site search criteria, the available fields have been

extended to include the following:

• Original System Reference (HZ_CUST_ACCT_SITES_ALL.ORIG_SYSTEM_REFERENCE)

• Category Code (HZ_CUST_ACCT_SITES_ALL.CUSTOMER_CATEGORY_CODE)

• Alternate Name (HZ_LOCATIONS. ADDRESS_LINES_PHONETIC)

• Site Name (HZ_PARTY_SITES.PARTY_SITE_NAME)

• Location (HZ_CUST_SITE_USES_ALL.LOCATION)

The additional search criteria has been enabled to help users find the correct account site record

without having to drill into individual address records.

• In R12.1.3 you can only validate addresses in real time by

checking them against the TCA Geography model repository

(i.e. US State, County, City, Zip Code).

• In R12.2 you can validate addresses using the third-party

address validation adapter database which has been

upgraded to work in real time.


R12.2 Payables New Features

Scheduling of AP/AR Netting Batches

Users can now schedule the AP/AR Netting program to process transactions at

regular intervals. This allows automatic creation and settlement of netting batches

containing payables and receivables transactions.

Parallel Approval of Supplier Invoices

Significantly improve invoice approval processing efficiency with Parallel

Approval of Supplier Invoices. Parallel approval for invoice header level

approvals, enables faster approval cycles by allowing all identified

approvers to receive approval notifications simultaneously upon invoice

submission.

Parallel approval reduces overall approval processing time by enabling

all approvers to have immediate visibility to action invoices requiring

approval.


R12.2 Payments New Features

Payment Acknowledgement Import

Oracle Payments now has the ability to import payment acknowledgement reports containing payment status for bank received payment files, which allows users to:

• Map bank acknowledgment codes with the system defined acknowledgment codes

• Import acknowledgment data

• Import multiple acknowledgments per payment

• Review acknowledgment details including bank reported errors and status.

ISO 20022 Direct Debit

Customers can now instigate direct debit funds capture using Common Global

Implementation (CGI) format and process the status report received from bank based

on ISO 20022 framework.

International Bank Account Number (IBAN) Support

Customer and supplier bank accounts can now be created or searched for based on

International Bank Account Number (IBAN)


R12.2 Supplier Hub New Features

New User Interface

In R12.2 the Supplier Hub has been given a new user interface. There is added

navigational functionality but no real process enhancement, such as the record

history upgrade on the Customer hub.


R12.2 Supplier Hub New Features

Supplier Merge

In R12.2 the Supplier Merge functionality has been extended by providing the capability to

merge Suppliers and Supplier Sites in the OA Framework UI.

Supplier Merge Page

A new page called “Supplier Merge”

can be accessed via Supplier Data

Librarian Super User Responsibility;

and by going to the Supplier Merge

sub tab under Data Quality.

The Merge Supplier page simply

replicates the functionality of Oracle

Payable’s Supplier Merge Form.


Cash Management

Modulus Check Validations for Bank Accounts

The existing bank account number validations for domestic banks only check the

length of the bank account number. These validations are performed during the

entry and update of bank accounts.

With R12.2 the account number validations for

United Kingdom are enhanced to include a modulus

check alongside the length checks.

• Modulus checking is the process of validating

bank account numbers in conjunction with the

Banks Sort Code.

• A new concurrent program "Load UK Domestic

Account Validations Data" has been provided to

load modulus validation data files.


R12.2 General Ledger New Features

General Ledger Integration with the Fusion Accounting Hub

E-Business Suite (EBS) General Ledger integration with the Fusion Accounting Hub

allows users to take advantage of new Fusion General Ledger capabilities, such as

embedded Essbase integration with real-time analytics.

Using the Fusion General Ledger for financial reporting has several advantages:

• Generate boardroom ready financial statements

• Analyse variances with exception-based online account monitoring

• Online slice-and-dice account analysis.

Web ADI Control Account Usage Restriction Previously users could only be prevented from creating manual journal entries for third party

control accounts within the General Ledger Journals User Interface.

• Now with the “Restrict Usage of Control Accounts” in Journals created through Web ADI

this control has been extend to cover Web ADI journal entry templates.


R12.2 eBusiness Tax New Features

Customer Tax Information Import

Users can now utilize the Customer Interface import program to upload the following tax

information:

• Party Tax Profile

• Tax Registrations

• Exemptions

• Reporting Code Association

New Condition Set Operators for Tax Rules

Users now have the ability to define rules using two new operators:

Is NULL

Is Not NULL

In this example we could be defining a tax rule where all suppliers that have a NULL

Registration Status are treated as Non-Registered entities


Assets

Automated Depreciation Rollback

If you run depreciation without closing the period, and then make adjustments to an

individual asset.

Oracle Assets will now automatically rollback depreciation for that

particular asset.

There is no additional manual activity, which saves time and reduces

workloads.

Automatic Rollback


Useful Information

• Online Patching FAQ (Doc ID 1583902.1)

• R12.2 Information Center (Doc ID 1581299.1)

• R12.2 Release Value Propositions (Doc ID 1580742.1)

• R12.2 Release Content Documents (Doc ID 1302189.1)


• Questions


Hitachi, Ltd. – a global technology leader Hitachi ranks 38th on the 2012 FORTUNE Global 500®.

Hitachi delivers innovations that answer society’s

challenges. With our talented team and proven

experience in global markets, we can inspire the world.

• Invested $3.7 Billion in R&D (2012)

• Strategic focus:Social Innovation Business

• Over 100 years of product and service

innovation, engineering, quality leadership

Society Changes, Hitachi Transforms It.

• Founded in 1910

• $96.2B FY12 Revenue

• 963 Companies

• >320,000 Employees


Hitachi Consulting. Hitachi’s Global Management Consulting & IT Services Business.

Founded in 2001 – 12 years of continuous organic and acquisition growth

Over 25 years of combined legacy companies’ experience.

400+ active clients in 50 countries around the world.

5,000 professionals in over 21 countries.

Revenue of $650 million (2012).

Pragmatic

Focused

Clear

Bold

Collaborative

Committed

Results-Oriented


Delivering business transformation services.

Management Consulting

Technology Solutions

Managed Services

• Operational Strategy & Implementation

• Business & Operational Improvement

• Organizational Transformation

• Enterprise Performance Management / Analytics

• IT Advisory

• Environmental Sustainability Solutions

• Enterprise Applications

• Enterprise Technology

• Application Development and Integration

• Big Data Platform Development

• Technology Infrastructure – Cloud, Premise, Mobile

• Application Maintenance Outsourcing

• Outsourced Product Development

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