Oracle Financials R12.

2 New Features Overview

11th June 2014

Presented By: Tony Mulley

Better

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.

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Profile
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

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Agenda
Whats the Big Deal
Technology
End User Interface
Advanced Collections
Receivables
iReceivables
Customer Hub
Payables
Payments
Supplier Hub
Cash Management
General Ledger
eBusiness Tax
Assets
- Useful Information
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Whats 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

R12.1.3

11i

11i

R12.2
So Whats
R12.2 all
about ?

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Is R12.2 All About Technology Improvements

Online
Patching

End User
Interface

Java
64

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.

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.
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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.
Pop Up Indicator
Simply hovering your mouse over certain areas such as fields, or icons will
result in pop up text appearing.
Simply clicking on
the link will drill into
the users open
notification worklist.

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R12.2 End User Interface

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.

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R12.2 End User Interface

Table Structure Tools
Detach Table
Clicking on the detach table icon will separate the table from the form

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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.
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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.

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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.
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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.

Unidentified Receipts API

Receivables has a new API which can be used to assign customers to the unidentified
receipts.

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
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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:

Registration History

Payment Audit History

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.

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.

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

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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.

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.

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.
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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.

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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)

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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.

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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
Payables Supplier Merge Form.

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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.

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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.

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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
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Assets
Automated Depreciation Rollback
If you run depreciation without closing the period, and then make adjustments to an
individual asset.

Automatic Rollback

Oracle Assets will now automatically rollback depreciation for that

particular asset.
There is no additional manual activity, which saves time and reduces
workloads.

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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)

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 Questions

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Hitachi, Ltd. a global technology leader

Hitachi ranks 38th on the 2012 FORTUNE Global 500.

Founded in 1910

Invested $3.7 Billion in R&D (2012)

$96.2B FY12 Revenue

Strategic focus:Social Innovation Business

963 Companies

Over 100 years of product and service

innovation, engineering, quality leadership

>320,000 Employees

Hitachi delivers innovations that answer societys

challenges. With our talented team and proven
experience in global markets, we can inspire the world.

Society Changes, Hitachi Transforms It.

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Hitachi Consulting.
Hitachis Global Management Consulting & IT Services Business.
Pragmatic
Focused
Clear
Bold
Collaborative
Committed
Results-Oriented
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).
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Delivering business transformation services.

Management
Consulting

Technology
Solutions

Managed
Services

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