Post on 17-Dec-2014
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Evolution of Oracle Finance Evolution of Oracle Finance
…New with 11i.9……New with 11i.9…Capabilities thru 11.5.8…Capabilities thru 11.5.8…
• Industry leading general ledger performance & scalability
• Online supplier invoice submission
• Collections transaction & relationship scoring
• Online dispute & payment management
• Trade / deductions mgmt
• Treasury and risk mgmt
• Property / real estate mgmt
• Unified customer model
• Customer data quality management tools
• Self service access to 360 degree view of customers
• Industry leading general ledger performance & scalability
• Online supplier invoice submission
• Collections transaction & relationship scoring
• Online dispute & payment management
• Trade / deductions mgmt
• Treasury and risk mgmt
• Property / real estate mgmt
• Unified customer model
• Customer data quality management tools
• Self service access to 360 degree view of customers
…Coming in 11i.10…Coming in 11i.10
The following is intended to outline our general product direction and is intended for information purposes only. The development, release and timing of any features or functionality remains at the sole discretion of Oracle. This presentation is not a commitment to deliver any material, code or functionality.
• Internal audit: enterprise risk management
• Credit management
• Event-based revenue management
• Configurable collections strategy management
• Expense policy compliance & expense report auditing tool
• XML invoicing for payablesand receivables
• Global group depreciation
• Real estate space planning
• Global lease management
• Automated month-to-month & holdover lease creation
• Internal audit: enterprise risk management
• Credit management
• Event-based revenue management
• Configurable collections strategy management
• Expense policy compliance & expense report auditing tool
• XML invoicing for payablesand receivables
• Global group depreciation
• Real estate space planning
• Global lease management
• Automated month-to-month & holdover lease creation
• Enterprise planning & budgeting
• Audit operations management
• Compliance & certification mgmt
• Segregation of duties capabilities
• Financial web services
• XBRL financial reporting
• Cash positioning & forecasting
• Enhanced credit card business flow management
• Enhanced credit, collections,& trade management flow
• Enhanced bill presentment: template mgmt, data retrieval & drill down capabilities
• Supplier open interface
• Self-service asset management
• Common area maintenance allocation, billing & collection
• Investor agreements for leased assets & self-service lease mgmt
• Enterprise planning & budgeting
• Audit operations management
• Compliance & certification mgmt
• Segregation of duties capabilities
• Financial web services
• XBRL financial reporting
• Cash positioning & forecasting
• Enhanced credit card business flow management
• Enhanced credit, collections,& trade management flow
• Enhanced bill presentment: template mgmt, data retrieval & drill down capabilities
• Supplier open interface
• Self-service asset management
• Common area maintenance allocation, billing & collection
• Investor agreements for leased assets & self-service lease mgmt
Copyright Oracle Corporation
®
11.5.9 Complete Credit Management Business Flow
Matrix Approach
Revenue Risk
Compliance
Workload Measurement
Modular
On-Line Application
On-demand or Business Event Driven
Analyst Notepad
Detailed & Summary
Data Elements
Rules-based Credit Decision Approvals
Checklists
Scoring Models
Automation Rules
Single Customer MasterEnterprise Hierarchies
Credit Score Calculation &
‘What If’ Analysis
Credit Policy &
Scoring Model Performance
Credit Request API
Attach Images
& Supporting DocsC
as
e F
old
er
Credit
Recommendations
Credit Policy Mgmt
Credit Application Credit Analysis & Decision Revenue & Risk Mgmt
Seamless Dun & Bradstreet ® Integration
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®
Application
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®
What Are the Benefits of Credit Management?
– Configurable Software that matches Global Credit Policies
– Prompt Credit Decisions and Minimization of Valueless Tasks
– Information and tools for consistent and disciplined credit decisions
– Continuous credit evaluation– Strengthen internal controls and policy
compliance
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®
11.5.9 Revenue Management:Revenue Policy Tab Set Up
Each field in the Revenue Policy Tab is Optional. For any field that has been assigned a value, the Solution will compare invoice specific information against the Standard Revenue
Policy and recognize or defer invoice revenue as appropriate.
Set Standard Policy
Specify Non-Creditworthy Customers
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®
Revenue Management: Contract Contingencies
Use the Revenue Contingency Group, seeded in Oracle Contracts for Sale, to specify contract contingencies
Proactively manage contract contingencies
Monitor Expiration Dates
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®
Contract Contingencies Indicate Revenue Deferral
– An agreement with a given customer provides for a 60-Day Acceptance Clause
– No other contingencies exist, customer is classified as “Low Risk” and the agreed upon payment term is “Standard”
Oracle Receivables will initially defer invoice revenue and recognize that revenue either upon expiration of the
acceptance period or upon recording of early acceptance
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®
Invoice Header Indicates Revenue Deferral
– No contract contingencies exist– A given customer is deemed non-
creditworthy (say the customer is located in Taiwan)
Oracle Receivables will initially defer invoice revenue and later recognize that revenue to the extent of
payments received.
Note:Receipt reversals will result in revenue reversals for non-creditworthy customers. Credit Memos will
result in the reduction of deferred revenue.
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®
A Combination of Revenue Contingencies
– A given contract or a purchase order provides for an “Extended” payment term
– The contract also provides for a 60-Day “Cancellation” Provision
Oracle Receivables will initially defer invoice revenue and later recognize that revenue once the Cancellation Provision expires and customer payment is received
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®
Revenue Management: Key Benefits
– Significantly Reduce Potential for Revenue Misstatements
– Time Revenue Recognition Based On Contractual Obligations
– Close Books Quicker (Less GL Adjustments)– Eliminate Non-Value Added Tasks (Manual Contract
Review for Standard Contracts)– Free Up Revenue Accountants and Allow Them To Be
Proactive in Deal Negotiations Get the desired revenue recognition up-front
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®
The Actions Wizard (Former RAM Wizard)
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®
11.5.9 iExpenses: New Features
This release focuses on:– Online Policy, Per Diem & Mileage
• Global and Statutory Requirements– Expense Report Audit Automation – Management Reporting and Analysis
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®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Copyright Oracle Corporation
®
Expense Report Audit Automation –Key Differentiator
Extend policy compliance to ensure expense policies are properly and efficiently enforced
– Audit Management: Streamline audit decisions and resolution, support paper-based and paperless processes
– Audit Automation: Select expense reports for audit using pre-defined criteria
– Audit Queue Balancing: Manage workload sharing and efficiency of audit staff
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®
iExpenses: Key Benefits– Improve Efficiencies
• Establish and enforce spend policies while spending less in administrating that enforcement– Improve Employee Satisfaction
• Faster and easier expense report submission• Faster reimbursement cycle times
– Comply with Regulations• Local and statutory requirements globally
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®
11.5.9 XML Payments
Payment Instruction
OracleERP
Server
Bank Server
Confirm BOD
Payment Instruction Errors
Payment Advice
Previous Day Reporting
XML Payment
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®
XML Payments: Key Benefits
Direct online access to their financial service provider from the Oracle E-Business Suite
Provide Customers with an efficient Payment Method Standards based for easy integration and extension Improved accuracy and security No additional set-up and running costs
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®
Group Assets, Member Assets
Concepts
Oracle Confidential
11.5.9 Group Depreciation: Solution Overview
Group Assets, Member Assets
Concepts
M e m b er A sse t M e m b er A sse t M e m b er A sse t
G ro up A sse t
Group asset = a collection of its member assets
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®
Group Depreciation: Benefits
Support Industry requirements Telco, Utilities
Comply with Canada Capital Cost Allowance (CCA)
Support India Tax Reporting
Supports Financial and Tax Reporting in Japan
Supports Tax Reporting in UK
Comply with U.S. Tax Codes• Class Life Asset Depreciation Range System (ADR)
• Assets placed in service after 1970
• Inapplicable to most property placed in service after 1980
• Group assets by Vintage Year
• Recognize Gain/Loss treatment upon Extraordinary RetirementOracle Confidential
Copyright Oracle Corporation
®
11.5.10 Bill Presentment Architecture Overview
Oracle Bill Presentment Architecture (BPA) is a new architectural feature that provides the ability to retrieve billing data from multiple data sources. It provides template-based configuration of online bills, including content selection, layout design, drilldown and grouping capability, and bill template assignment.
By separating bill presentment from transaction accounting, Oracle BPA allows for more understandable and comprehensive bills, increasing the likelihood and timeliness of bill payment.
Oracle BPA is part of the Oracle E-Business Suite, an integrated set of applications that are engineered to work together and transform your business into an e-business.
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®
Data Source Registration
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Template Management
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Template Management: Design Page
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Template Assignment
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Online Bill Presentment Engine: Drilldown
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11.5.10 iAssets -KEY FEATURES
•Advanced Asset Search
•Self Service Asset Transfer
•Asset Transfer Rules
•Oracle Workflow and Oracle Approval Management
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®
Advanced Asset Search
27 Additional
Criteria
27 Additional
Criteria
Query logic – ‘starts with’, ‘contains’, ‘ends with’ etc
Query logic – ‘starts with’, ‘contains’, ‘ends with’ etc
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®
Self-Service Asset TransferEasy to Use…and Intuitive Too!
Request Details (Step 1)
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®
Releasing Details (Step 2)
Self-Service Asset Transfer
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®
Receiving Details (Step 3)Self-Service Asset Transfer
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®
Review and Submit (Step 4)
SubmitSubmit
Self-Service Asset Transfer
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®
iAssets Key Benefits
•Ease of Use, No Training, Intuitive - Really
•Push Admin Function to Asset Custodians
•Drive Down Cost of Mundane Data Entry
•Improve & Maintain System Accuracy
Copyright Oracle Corporation
®
For Additional InformationOracle University Training and
Enrollment: – http://education.oracle.com/web_prod-plq
-dad/plsql/show_desc.redirect?redir_type=3
Oracle Product Information:– Oracle.com - http://oracle.com/– AppsNet - http://oracle.com/appsnet
/content.html– MetaLink - http://metalink.oracle.com
Oracle Product Documentation:– AppsNet -http://www.oracle.com/appsnet
/products/documentation/content.html
Evolution of Oracle Finance Evolution of Oracle Finance
…New with 11i.9……New with 11i.9…Capabilities thru 11.5.8…Capabilities thru 11.5.8…
• Industry leading general ledger performance & scalability
• Online supplier invoice submission
• Collections transaction & relationship scoring
• Online dispute & payment management
• Trade / deductions mgmt
• Treasury and risk mgmt
• Property / real estate mgmt
• Unified customer model
• Customer data quality management tools
• Self service access to 360 degree view of customers
• Industry leading general ledger performance & scalability
• Online supplier invoice submission
• Collections transaction & relationship scoring
• Online dispute & payment management
• Trade / deductions mgmt
• Treasury and risk mgmt
• Property / real estate mgmt
• Unified customer model
• Customer data quality management tools
• Self service access to 360 degree view of customers
…Coming in 11i.10…Coming in 11i.10
The following is intended to outline our general product direction and is intended for information purposes only. The development, release and timing of any features or functionality remains at the sole discretion of Oracle. This presentation is not a commitment to deliver any material, code or functionality.
• Internal audit: enterprise risk management
• Credit management
• Event-based revenue management
• Configurable collections strategy management
• Expense policy compliance & expense report auditing tool
• XML invoicing for payablesand receivables
• Global group depreciation
• Real estate space planning
• Global lease management
• Automated month-to-month & holdover lease creation
• Internal audit: enterprise risk management
• Credit management
• Event-based revenue management
• Configurable collections strategy management
• Expense policy compliance & expense report auditing tool
• XML invoicing for payablesand receivables
• Global group depreciation
• Real estate space planning
• Global lease management
• Automated month-to-month & holdover lease creation
• Enterprise planning & budgeting
• Audit operations management
• Compliance & certification mgmt
• Segregation of duties capabilities
• Financial web services
• XBRL financial reporting
• Cash positioning & forecasting
• Enhanced credit card business flow management
• Enhanced credit, collections,& trade management flow
• Enhanced bill presentment: template mgmt, data retrieval & drill down capabilities
• Supplier open interface
• Self-service asset management
• Common area maintenance allocation, billing & collection
• Investor agreements for leased assets & self-service lease mgmt
• Enterprise planning & budgeting
• Audit operations management
• Compliance & certification mgmt
• Segregation of duties capabilities
• Financial web services
• XBRL financial reporting
• Cash positioning & forecasting
• Enhanced credit card business flow management
• Enhanced credit, collections,& trade management flow
• Enhanced bill presentment: template mgmt, data retrieval & drill down capabilities
• Supplier open interface
• Self-service asset management
• Common area maintenance allocation, billing & collection
• Investor agreements for leased assets & self-service lease mgmt