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TABLE OF CONTENTS

DOCUMENT HISTORY 5

UPDATE 17C 5
Revision History 5
Overview 5
Advanced Collections 6
Collections Scoring and Strategy Assignments by Segment 6
Payables 6
One Time Payments 6
Receivables 6
Ability to Launch Simplified Customer Upload via Web Service 6
New Web Service Operations to Apply an Existing Receipt to Transactions 6
Tax 6
District Tax Content Upload Support in ERP Cloud for Tax Partners 6
ERP Cloud for India 7
Transactional Business Intelligence for Financials 7
Additional Descriptive Flexfields for Financials OTBI Subject Areas 7
OTBI Subject Area Usability Enhancements 8
General Ledger 8
Accounting Segment Level Descriptions in General Ledger Balances Subject Area 8
Clearing Account Reconciliation Information in General Ledger and Subledger Accounting Journals
Subject Areas 8
Payables 8
Additional Purchase Order Information for Payable Invoice Transactions, Prepayment Applications and
Invoice Holds Subject Areas 8
Multi-Period Accrual Accounting Information in Payables Subject Areas 8
Subledger Accounting 9
GL Journal Details in the Subledger Accounting - Journals Subject Area 9

UPDATE 17B 9
Revision History 9
Overview 9
Common Technologies and User Experience 9
Common Financials Features 10
Enhanced Integration Between Financials Cloud and EPM 10
ERP Object Attachment Service 10
Inbound and Outbound Data File Encryption Using ERP Integration Service 10
Add Who Columns for Auditing 10
Financials 11
Advanced Collections 11
Display On-Account and Unapplied Receipts in the Transactions View 11
Assets 11
Alias Support for Key Flexfields in Assets 11
Asset Leases 11
Automatically Derive Depreciation Expense for Assets 11
Payables Invoice Details During Asset Conversions 12
Redesigned OTBI Subject Areas for Assets 12
Spreadsheet-Based Mass Detail Changes for Assets 12
Bill Management 12
Bill Management 12

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Budgetary Control 12
Budgetary Control Year-End Carry Forward 12
Enhanced Budgetary Control Processing and Reporting 13
Enhanced Attributes for Budget Control - Transactions Real Time Subject Area 13
New Budgetary Control - Balances Real Time Subject Area 13
Enhanced Attributes for Budgetary Control - Transactions Real Time Subject Area 13
Cash Management 13
Enhanced Bank Statement Handling and Reconciliation Features 13
Extended Cash Forecasts 14
Treasury Management Integration 14
Expenses 14
Improved Controls for Expedited Expense Reimbursement 14
Mobile Expenses Enhancements 14
Remittance Advice and Tokenization with Corporate Card Processing 14
Enhanced Compliance with Entertainment Policies 15
General Ledger 15
Clearing Accounts Reconciliation 15
Journal Posting Improvements 15
General Ledger Reporting 15
Payables 16
Deferred Expenses 16
Duplicate Invoice Check 16
Supplier Balance Aging Report 16
Receivables 16
Ability to Settle Tokenized Credit Card Transactions from Third-Party System 16
Ability to Unapply Standard Credit Memos from Invoices 16
Credit Management 16
E-Mail Delivery of Statements 17
Subledger Accounting 17
Subledger Reporting 17
Usability Enhancements for Subledger Accounting - Journals Real Time Subject Area 17
Export Accounting Entry View in Spreadsheet 17
Tax 17
Enhanced Support for Tax Partner Integration 17
Tax Box Allocations 18
Regional and Country-Specific Features 18
Financials for Regional Localizations 18
Exchange Rate Difference Invoices 18
Financials for the Americas 18
Argentina 18
Document Numbering for Argentina 18
Withholding Taxes for Argentina 18
Transaction Tax Reporting for Argentina 19
Brazil 19
Accounting (SPED) for Brazil 19
Order to Cash for Brazil 19
Procure to Pay for Brazil 20
Taxpayer ID and Tax Registration Validation for Brazil 20
Transaction Tax for Brazil 20
Withholding Tax for Brazil 21
Chile 21
Transaction Tax Reporting for Chile 21

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Colombia 21
Transaction Tax Reporting for Colombia 21
Withholding Taxes for Colombia 21
Financials for Asia/Pacific 21
Japan 21
Enhanced Depreciation Methods for Japan Tax Reforms 21
Fixed Assets Reports for Japan 21
"What If Analysis" Improvements for Japan Tax Reforms 22
Korea 22
VAT Processing and Reporting for Korea 22
Withholding Tax Processing and Reporting for Korea 22
Financials for EMEA 22
France 22
Audit File for France 22

4
DOCUMENT HISTORY

This document will continue to evolve as existing sections change and new information is added. All updates
appear in the following table:

Date Update Version Notes

11 AUG 2017 Update 17C New features delivered in update 17C.

07 APR 2017 Update 17B New features delivered in update 17B.

UPDATE 17C

REVISION HISTORY
This document will continue to evolve as existing sections change and new information is added. All updates
appear in the following table:

Date What's Changed Notes

11 AUG 2017 Initial Document Creation.

OVERVIEW
This guide outlines the information you need to know about new or improved functionality in this release.

DISCLAIMER

The Information contained in this document may include statements about Oracles product development
plans. Many factors can materially affect Oracles product development plans and the nature and timing of
future product releases. Accordingly, this Information is provided to you solely for information only, is not a
commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing
decisions. The development, release, and timing of any features or functionality described remains at the sole
discretion of Oracle.

This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or
affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices
and Terms of Use for further information.

5
ADVANCED COLLECTIONS

COLLECTIONS SCORING AND STRATEGY ASSIGNMENTS BY SEGMENT


Collections Scoring and Strategy Assignments by Segment allows collectors to categorize customers based on
segments, such as business unit, profile class, or remaining amount due. Different scoring formulas and
delinquent strategy groups can be assigned to segments. Collectors can also define predelinquency settings
and assign predelinquent strategy groups to customers.

This feature provides collectors with flexibility to manage customer scoring and strategy assignments, thereby
increasing collections efficiency and improving cash flow.

PAYABLES

ONE TIME PAYMENTS


The One Time Payment feature facilitates seamless processing of payments for transactions imported from
third-party external systems. Transactions are imported from external systems into Payables as payment
requests using a predefined File-Based Data Import (FBDI) template. These transactions can then be
approved before payments are made. For electronic payments, payee and bank account information is
automatically created during the import process, eliminating the need for manual intervention.

RECEIVABLES

ABILITY TO LAUNCH SIMPLIFIED CUSTOMER UPLOAD VIA WEB SERVICE


The ERP Integration service can now be used to run the Simplified Customer Upload process, automating the
synchronization of customers from external source systems.

NEW WEB SERVICE OPERATIONS TO APPLY AN EXISTING RECEIPT TO TRANSACTIONS


The Receivables Standard Receipt web service allows users to apply existing receipts to transactions from any
external source using the Simple Object Access Protocol (SOAP). Use the relevant attributes available within
the Receivables Standard Receipt Application Service Data Object (SDO) to identify existing receipts and
apply them to transactions.

TAX

DISTRICT TAX CONTENT UPLOAD SUPPORT IN ERP CLOUD FOR TAX PARTNERS
Within the United States, transaction taxes can be imposed based on a combination of counties, cities, and
postal codes, as well as on unique tax districts. By leveraging the Tax Rapid Implementation feature, third-
party tax partners can automatically load a high volume of district tax zones and taxes using spreadsheets for
both initial creation and ongoing maintenance of Oracle ERP Cloud.

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ERP CLOUD FOR INDIA
INDIA GST ENABLEMENT INFRASTRUCTURE

As India introduces the destination-based Goods and Services Tax (GST), the biggest indirect tax reform
impacting a wide range of businesses, ERP Cloud for India offers a key solution to address the GST
requirements.

Users can now configure different components of GST, including CGST (Central Taxes), SGST (State Tax), and
IGST (Inter-State Tax), for both Procure-to-Pay and Order-to-Cash transactions using this strategic
infrastructure. The following features are provided to help businesses achieve reporting and compliance goals:

Supports reverse charge processing for standard invoices and prepayments.


Provides flexibility to configure setups and process transactions based on multiple attributes, including
classification of goods and services, classification of first and third party as exporter or importer, place of
supply rules, tax exemption, tax rates, tax accounting, and so on.

WITHHOLDING PROCESSING AND REPORTING ENHANCEMENTS FOR INDIA

This feature provides the ability to process a multitude of withholding transactions to meet business
requirements. Transactions can be processed based on multiple factors including thresholds, tax on tax, and
withholding buckets by tax registration numbers.

TRANSACTIONAL BUSINESS INTELLIGENCE FOR FINANCIALS

ADDITIONAL DESCRIPTIVE FLEXFIELDS FOR FINANCIALS OTBI SUBJECT AREAS


Customer Account and party related descriptive flexfields are added to the Receivables subject
areas. New flexfields include: Receivables Transaction, Region Information, Customer Profile Regional
Information, Customer Account Relationship, Customer Account Site, Customer Account Site Use,
Location,Organization, Organization Contact, Source System Reference, Party Site, and Customer
Account Contact Role.
Asset descriptive flexfields are added to the Assets subject areas. New flexfields include: Added Asset
Category Book Default, Asset Additions Regional Information, Asset Category Regional Information,
Fixed Asset Invoices Regional Information, Fixed Asset Book Controls Regional Information, Fixed
Asset Books Regional Information, and Fixed Asset Transaction Headers Regional Information.
Intercompany transaction type and intercompany organization descriptive flexfields are added to the
Intercompany Transaction subject areas.
Legal Entity flexfields are added in Receivables, Payables, Cash Management, Revenue Management,
and Expenses subject areas.
Supplier and Supplier Sites descriptive flexfields are added to all Financial subject areas that have the
Supplier dimension.

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OTBI SUBJECT AREA USABILITY ENHANCEMENTS
The General Ledger - Balances subject area has been enhanced to include Fiscal Calendar Name in
the prompt list of values.
Currency display names have been added to all Financials subject areas where currency code is used.
Source Budget Name has been added to Budget Control - Balance Real Time subject area.
Receivable Interface flexfield attributes have been added to the transaction header and line additional
information folders in the Receivable - Transactions Real Time subject area.
Three sets of Asset Active Indicators have been added to the Fixed Asset Transaction and Depreciation
subject areas to identify the active assets from asset history. The active indicators are based on asset
book, asset history, and asset distribution history.
Supporting reference display names have been added to the Subledger Accounting - Supporting
Reference Balances Real Time subject area.

GENERAL LEDGER

ACCOUNTING SEGMENT LEVEL DESCRIPTIONS IN GENERAL LEDGER BALANCES


SUBJECT AREA
The General Ledger Balances subject area has been enhanced to include segment level descriptions for the
Balancing Segment, Cost Center Segment, and Natural Account Segment hierarchies.

CLEARING ACCOUNT RECONCILIATION INFORMATION IN GENERAL LEDGER AND


SUBLEDGER ACCOUNTING JOURNALS SUBJECT AREAS
Clearing Account Reconciliation attributes have been added to the General Ledger - Journals Real Time and
Subledger Accounting - Journals Real Time subject areas.

Reconciliation Reference, Group, Status and Date are also added to GL Journal Details dimension folder.

PAYABLES

ADDITIONAL PURCHASE ORDER INFORMATION FOR PAYABLE INVOICE TRANSACTIONS,


PREPAYMENT APPLICATIONS AND INVOICE HOLDS SUBJECT AREAS
Additional purchase order information has been added to the Payable Invoice Transactions,
Prepayment Applications, and Invoice Holds subject areas. Information includes purchase requestor, buyer,
requisition, order last update and order line RCV transaction details.

MULTI-PERIOD ACCRUAL ACCOUNTING INFORMATION IN PAYABLES SUBJECT AREAS


Multi-period accrual accounting information has been added in Payable Invoices Hold, Payable Invoices
Transaction, and Payable Invoices Prepayment Application subject areas. This provides reporting on multi-
period payable accrual accounting segments and accrual accounting dates.

8
SUBLEDGER ACCOUNTING

GL JOURNAL DETAILS IN THE SUBLEDGER ACCOUNTING - JOURNALS SUBJECT AREA


A GL Journal Detail folder has been added to the Subledger Accounting - Journals subject area. This folder
includes associated General Ledger journal details such as journal name, journal batch name, posting date,
posting status, accounting sequence, journal header identifier, and journal line number.

UPDATE 17B

REVISION HISTORY
This document will continue to evolve as existing sections change and new information is added. All updates
appear in the following table:

Date What's Changed Notes

07 APR 2017 Initial Document Creation.

OVERVIEW
This guide outlines the information you need to know about new or improved functionality in this release.

DISCLAIMER

The Information contained in this document may include statements about Oracles product development
plans. Many factors can materially affect Oracles product development plans and the nature and timing of
future product releases. Accordingly, this Information is provided to you solely for information only, is not a
commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing
decisions. The development, release, and timing of any features or functionality described remains at the sole
discretion of Oracle.

This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or
affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices
and Terms of Use for further information.

COMMON TECHNOLOGIES AND USER EXPERIENCE


This section gives an overview of common features available in Release 13. These are the overall investments
in technology and user experience that Oracle has focused on in this release.

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COMMON FINANCIALS FEATURES

ENHANCED INTEGRATION BETWEEN FINANCIALS CLOUD AND EPM


The current integration between Financials Cloud and EPM Cloud applications has been enhanced to provide
a more seamless integration experience. The updated integration allows users to pick the desired source
ledger from Financials Cloud, set up a few simple mappings, and then push a button to bring the data into EPM
Cloud applications.

Set up simple mapping between the Planning application and Financials Cloud General Ledger to write back
Budgets from Planning to Financials Cloud.

This integration, which can be run manually or scheduled for a specific time, no longer requires manual steps in
Financials Cloud and EPM Cloud. The updated integration also sets up the drill definition automatically, which
eliminates errors that may be caused when manually defining a drill definition.

Security is integrated between EPM and ERP to allow the same user to access information across these
applications without separate sign on.

ERP OBJECT ATTACHMENT SERVICE


The ERP Object Attachment Service supports automatic upload of attachments to Oracle ERP Cloud and
associates attachments to a particular business entity or collection of business entities. Attachments are used
to supplement and provide key additional information to enhance daily business operations and better track
financial activities or events.

The ERP Object Attachment Service is secured through Oracle Web Service Manager (OWSM).

INBOUND AND OUTBOUND DATA FILE ENCRYPTION USING ERP INTEGRATION SERVICE
Since inbound or outbound data files are transmitted over the internet and often contain sensitive information
and financial transactions like journal entries, invoices, payments and bank records, data encryption is a critical
and essential element in implementing integrations with Oracle ERP Cloud. ERP Cloud Integration Service
secures data files across Oracle ERP Cloud, On-Premise, or PaaS applications while supporting 100+
interfaces across Financials, Project Portfolio Management, Procurement and Supply Chain Management.

The ERP Cloud Integration Service provides the ability to protect both inbound and outbound data files, in
addition to SSL and Oracle Web Service Manager (OWSM) message protection policy over the internet.

ADD WHO COLUMNS FOR AUDITING


Who columns are added in Payables Invoices and Expense Transactions OTBI subject areas to better support
audit reporting. Users can now report on Created By, Last Updated By, Creation Date, and Last Update
Date for all entities in Financials.

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FINANCIALS
Oracle Financials Cloud offers an integrated financial management suite that is designed to automate,
streamline, and manage financial processes end-to-end. It simplifies controls, increases productivity, and
improves business decisions through a broad suite of capabilities around general ledger, accounts payable,
accounts receivable, fixed assets, expenses, collections, bill management, and cash management, as well as
centralized accounting, tax, payment, and intercompany engines.

ADVANCED COLLECTIONS

DISPLAY ON-ACCOUNT AND UNAPPLIED RECEIPTS IN THE TRANSACTIONS VIEW


The Transactions tab on the delinquent customer details page is now enhanced to display on-account and
unapplied receipts together with other types of transactions. This feature increases collector efficiency and
visibility through a more holistic view of delinquent customers.

ASSETS

ALIAS SUPPORT FOR KEY FLEXFIELDS IN ASSETS


Reduce data errors and improve usability of asset flexfields by using aliases for asset key flexfield
combinations, such as asset physical locations or asset categories. For example, you can create an alias
named 'HQ' to represent the physical location of your company's headquarters.

ASSET LEASES
Use the asset lease feature to:

Manage your finance and operating leases, comply with ASC 842 and IFRS 16 by creating right-of-use
assets and lease liability, and handle the appropriate accounting.
Calculate periodic depreciation expense and interest expense for finance lease assets.
Calculate periodic lease expense for operating lease assets.
Generate and transfer invoices for periodic lease payments to Payables.
Terminate an asset lease or any of its right-of-use assets after reviewing its impact on the liability balance.
Change material details, such as lease term duration, payment schedule changes after reviewing its
impact on the liability balance, or both.

AUTOMATICALLY DERIVE DEPRECIATION EXPENSE FOR ASSETS


When you select the Prepare Additions Automatically action from the Assets page, an asset's depreciation
expense account will now be derived using the Subledger Accounting Transaction Account Builder.

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PAYABLES INVOICE DETAILS DURING ASSET CONVERSIONS
Payables invoice details are now available when converting legacy assets when using file-based data import or
spreadsheet templates.

REDESIGNED OTBI SUBJECT AREAS FOR ASSETS


The Assets OTBI architecture is now simplified to just two subject areas:

Transactions
Depreciation

The intuitive reorganization of all of the attributes allows both exhaustive and more rapid ad hoc reporting.

SPREADSHEET-BASED MASS DETAIL CHANGES FOR ASSETS


You can now store up-to-date asset descriptive details using a file-based data import template. For example,
you can update descriptive details such as the manufacturer and tag number in bulk.

BILL MANAGEMENT

BILL MANAGEMENT
Oracle Bill Management Cloud is an electronic bill presentment solution that allows organizations to reduce the
cost of billing and collections, while improving the overall customer service. Bill Management is an enterprise
management solution for business-to-business and business-to-consumer relationships. The solution provides
self-service customer led bill management process through an easy-to-use mobile enabled user experience
with real time account review, dispute monitoring, and online payments that are instantly reflected on the
customer account. The resulting business process efficiency improvements increase customer satisfaction and
deliver cost reductions by streamlining the overall accounts receivable operations.

Key features of Bill Management allow your customers to:

Analyze open and closed transactions


Download transactions
Manage payment options
Monitor disputes

BUDGETARY CONTROL

BUDGETARY CONTROL YEAR-END CARRY FORWARD


Easily identify surplus funds and purchase orders to carry forward to the next budget cycle using the following
Budgetary Control Carry Forward set of processes:

Carry Forward Purchase Order Budgetary Control Balances process to identify open purchase orders
with surplus funds for a given budget cycle and carry them forward to the next budget cycle.

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Carry Forward Funds Available process to carry forward unused budget amounts to the next budget
cycle.

ENHANCED BUDGETARY CONTROL PROCESSING AND REPORTING


The new Budgetary Control enhancements to budgeting, reporting, and product integration enable you to:

Enforce budget consumption controls by specifying whether budgetary control validation occurs on the
submission or approval of requisitions or purchase orders.
Easily override insufficient funds for requisitions and purchase orders.
Automate the creation of control budgets at the award and funding source levels, and integrate awards
throughout the procure-to-pay flow.
Implement budget management controls and encumbrance accounting in Oracle Self-Service
Procurement through to Oracle Inventory Management, for internal transfers that are delivered to
expense locations.
Enhance budget balance inquiry and reporting by capturing comments and additional information if
needed in user-extensible fields at both the line item level on the Review Budget Balances page, and
during budget import and budget adjustments.
Expand OTBI budgetary control reporting using the new Budgetary Control - Balances Real Time subject
area , and the new requisition, purchase order, payables , and manual journal attributes in the Budgetary
Control - Transactions Real Time subject area.

ENHANCED ATTRIBUTES FOR BUDGET CONTROL - TRANSACTIONS REAL TIME SUBJECT


AREA
New attributes are added to the Budgetary Control - Transactions Real Time subject area to enhance reporting
on source transactions. The enhancements include new attributes for requisition header, requisition lines,
requisition project information and requisition distribution amounts; purchase order headcount, lines,
distribution amounts; payable invoice distribution information; and manual journals.

NEW BUDGETARY CONTROL - BALANCES REAL TIME SUBJECT AREA


A new Budgetary Control - Balances Real Time subject area is available to report budget balances. Users can
report on budget, consumption, reservation category, available fund balances and control budget details.

ENHANCED ATTRIBUTES FOR BUDGETARY CONTROL - TRANSACTIONS REAL TIME


SUBJECT AREA
New attributes are added to the Budgetary Control - Transactions Real Time subject area to enhance reporting
on source transactions. The enhancements include new attributes for requisition header, requisition lines,
requisition project information and requisition distribution amounts; purchase order headcount, lines,
distribution amounts; payable invoice distribution information; and manual journals.

CASH MANAGEMENT

ENHANCED BANK STATEMENT HANDLING AND RECONCILIATION FEATURES


Increase productivity and improve efficiency using enhanced bank statement handling and reconciliation
features, such as importing non-standard bank statement formats more easily using new Excel spreadsheet
upload capabilities. Access complete bank statement file information and attach documents and image files as

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desired, and automatically create cash transactions directly from GL journal entries. Reconcile using expanded
support for dynamic flexfields, and enjoy improvements to manual reconciliation, bank transfer, and ad hoc
payment capabilities.

EXTENDED CASH FORECASTS


Improve operational insight with extended cash forecasts for any number of days/weeks/months/years by
customizing your Smart View Wizards.

TREASURY MANAGEMENT INTEGRATION


Integrate your Treasury with your ERP operations through Oracle's partnership with the leading Cloud
Treasury applications--Reval.com

EXPENSES

IMPROVED CONTROLS FOR EXPEDITED EXPENSE REIMBURSEMENT


Expedite expense reimbursements with improved process controls and enhanced auditor capabilities.
Configure Expenses to display business unit-specific policy links, restrict expense account allocation to cost
centers during expenses entry, and prevent selection of tax rate codes while capturing applicable tax-related
merchant details. Provide seamless expense reporting experience for globally mobilized employees and new
hires. Additionally, perform the following actions as an auditor:

Add attachments to expense reports and cash advances in any status.


Automatically populate receipt package check-in date.
View inactive employee status in expense reports and cash advances.
Audit any short paid or rejected expense reports and expense reports pending auditor approval within
assigned business units.
Return expense reports after audit completion.

MOBILE EXPENSES ENHANCEMENTS


Enhance usability and improve efficiency of your workforce with Mobile Expenses. Expenses mobile
application now enables the following capabilities:

Manually itemizes cash expenses and corporate card expenses and uploads or submits them in an
expense report.
Enables reviewing PDF and Microsoft Word documents while approving expense reports on Android
devices.
Allows contingent workers to enter expenses and submit expense reports from their mobile devices.
Controls image size of the documents attached to expense items and expense reports.

REMITTANCE ADVICE AND TOKENIZATION WITH CORPORATE CARD PROCESSING


Gain operational efficiency and control with the following corporate card enhancements:

Support for Global Remittance Utility from American Express with tokenized GL1025 corporate card
transaction files.
Support for tokenized Visa VCF files.

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PGP encryption for Visa and MasterCard files.
Optional disablement of the Merchant field update on corporate card transactions.

ENHANCED COMPLIANCE WITH ENTERTAINMENT POLICIES


Entertainment and gift polices enable companies to comply with government regulations and maintain
transparency. Define limits for employee attendees, restrict selection of non-employee attendees from a
predefined list, mandate attendance of at least one employee and one non-employee as attendees, add
attendees to itemized expenses, and control data entry requirements with new entertainment policy
enhancements.

GENERAL LEDGER

CLEARING ACCOUNTS RECONCILIATION


Clearing accounts reconciliation offers sophisticated automatic and manual methods to group, match and
reconcile related 'in' and 'out' journal lines that no longer contribute to an account ending balance. Resources
can instead be deployed wisely towards analyzing unreconciled journal lines that are both relevant and
responsible for the buildup of the ending balance in a clearing account. Clearing accounts reconciliation helps
to shorten the period close cycle where account reconciliations are critical activities.

In one central setup location, define reconciliation types that represent reconcilable clearing accounts (for
example, asset clearing, accounts payable accrual, unbilled receivables) and their associated reconciliation
rules. Enter journal lines with reconciliation references to automatically reconcile with minimal user intervention
and enhanced productivity. Use tolerances when performing manual reconciliation, to further enhance the
success rate of journal lines getting reconciled. Correct previous reconciliations by subsequently reversing
them. Run reconciliation reports and perform inquiries to retrieve and analyze reconciled and unreconciled
journal lines.

JOURNAL POSTING IMPROVEMENTS


Enhanced error reporting of journal posting issues helps users resolve issues quickly and independently.

Ability to search for journals with errors on the Manage Journals user interface.
Comprehensive and improved posting execution report.
Intuitive error messages.

GENERAL LEDGER REPORTING


The General Ledger journal and account analysis reports list journal entries and account balances. In Release
13, the following benefits have been added:

Enhanced report extracts to include reconciliation information for clearing accounts.


BIP templates can be customized to list the clearing account reconciliation details.

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PAYABLES

DEFERRED EXPENSES
You can now defer the recognition of expense or expenses incurred across multiple GL accounting periods.
The feature requires the start date, end date, and the accrual account.

DUPLICATE INVOICE CHECK


There is now an additional check for duplicate invoices during invoice creation. This check is based on a
combination of supplier, invoices type, amount, currency, and date.

SUPPLIER BALANCE AGING REPORT


You can now generate an aging report on a suppliers balance based on a specific date. The Supplier Balance
Aging report only considers the invoices that are accounted in Payables and transferred to the General Ledger.
These balances will reconcile with the trial balance report.

RECEIVABLES

ABILITY TO SETTLE TOKENIZED CREDIT CARD TRANSACTIONS FROM THIRD-PARTY


SYSTEM
Streamline credit-to-cash processing with seamless integration between third-party order management or
payment processing solutions and Receivables. Import tokenized credit card transactions from third-party
systems into Receivables and settle them using Payments.

Third-party systems manage the capture and tokenization of credit card transactions. They can also
optionally authorize the credit card transactions.
Receivables supports the import of credit card transactions with token, with or without authorization. If
authorization was not performed by the third-party system, Receivables will complete the authorization
process.
Receivables supports both asynchronous batch processing for large volume transactions, and online
processing for single transactions.

ABILITY TO UNAPPLY STANDARD CREDIT MEMOS FROM INVOICES


Use the Unapply Standard Credit Memo feature to update and maintain accurate customer balances by
unapplying standard credit memos from invoices and turning them into on-account credit memos.

CREDIT MANAGEMENT
Credit Management provides the information and tools to monitor and evaluate the credit worthiness of
customers and make informed credit decisions. With a wealth of timely internal and external data, balance
growth with financial stability by tailoring credit policies to business needs and market conditions. As part of the
Oracle Financials Cloud Credit-to-Cash solution, the Credit Management feature helps to improve cash flow,
increase billing efficiency, optimize customer relationships, and instill corporate and fiscal discipline.

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This feature provides rich and easy-to-use credit management capabilities in the following four areas:

Comprehensive credit profiles and policies.


Streamlined credit review process.
Effective management of credit review lifecycle.
Flexible scoring models and third-party integration.

E-MAIL DELIVERY OF STATEMENTS


The Create Customer Statements process now offers both printable statements and automatic e-mail delivery
of statements to customers. Enable a customer account or site profile for statement delivery using e-mail and
configure outbound e-mail parameters, including sender name and address, reply-to address, and e-mail
subject and body text. Once submitted, monitor the delivery status of customer statements and resend e-mails
as necessary.

SUBLEDGER ACCOUNTING

SUBLEDGER REPORTING
Subledger account analysis and journal reports list accounting entries from subledgers and those directly
created in or imported to general ledger. In Release 13, the following benefits have been added:

Report extracts have been enhanced to include reconciliation information for clearing accounts.
BIP templates can be customized to list the clearing account reconciliation details.

USABILITY ENHANCEMENTS FOR SUBLEDGER ACCOUNTING - JOURNALS REAL TIME


SUBJECT AREA
New dimension folders are added for Sequences and Supporting Reference to report supporting documents
and supporting reference balances. To simplify the subject area, code columns, such as balance type code
and fund status code, are hidden in the subject area. Instead customers can use related description columns
for these code columns for reporting. Any existing reports that use these hidden code columns will continue to
function. These description columns have Double Column feature enabled that automatically supports multi-
language translation in string filtering.

EXPORT ACCOUNTING ENTRY VIEW IN SPREADSHEET


The enhanced view of accounting entry in the spreadsheet now displays attributes as separate columns for
enabling further analysis on the exported information.

TAX

ENHANCED SUPPORT FOR TAX PARTNER INTEGRATION


Oracle ERP Cloud offers tax partner integration flows to streamline the entire tax compliance function. Use tax
partner integration services to create and update geographies, tax jurisdictions, tax rates, and taxability rules
for products and services. Use integrated Tax Partner Reporting Services to generate Signature Ready
returns for US Sales and Use Tax filings. For advanced compliance needs, leverage Tax Partner Calculation
Services seamlessly integrated with ERP Cloud.

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TAX BOX ALLOCATIONS
The Tax Box Allocation and Reporting feature allows you to report on tax and taxable amounts under tax
boxes.
In Release 13, Tax Box Allocations feature offers the following benefits:

The Tax Box Return Preparation Report is enhanced to support annual tax box allocation reporting.
Report Periodicity parameter offers two options to print the reports: periodic allocation and annual
allocation. Based on the selected value, you can print the cumulative annual tax allocation amounts, or
periodic tax allocation amounts. A new parameter Tax Calendar Year is introduced to support annual
allocations.
A new parameter, Summarization Level, lets you list the tax allocations in summary, detail, or both detail
and summary format.

REGIONAL AND COUNTRY-SPECIFIC FEATURES


Oracle Financials Cloud provides features that integrate with your procure-to-pay and credit-to-cash business
flows to support regional and country-specific statutory and business requirements.

FINANCIALS FOR REGIONAL LOCALIZATIONS

EXCHANGE RATE DIFFERENCE INVOICES


Use the Exchange Rate Difference Invoices solution to:

Calculate the gain/loss due to the exchange rate difference. This difference occurs because of the
exchange rate fluctuation between invoice creation date and the actual payment accounting date for
foreign currency business transactions. Exchange rate difference gain/loss is subject to VAT in some
countries like Turkey.
Create the exchange rate difference invoices, credit memos, and journals.
Generate a report to review the processed exchange rate difference documents.

FINANCIALS FOR THE AMERICAS

ARGENTINA

DOCUMENT NUMBERING FOR ARGENTINA

Comply with document numbering requirements enforced by the fiscal authorities in Argentina by using
predefined rules and transaction information to automatically assign document numbers to sales transactions.

WITHHOLDING TAXES FOR ARGENTINA


Calculate withholding taxes for your payments in Argentina using enhanced options to:

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Manage and apply tax thresholds.
Apply a tax rate schedule based on an item or service classification.
Calculate taxes based on two or more provinces on a single invoice line if a supplier is subject to a
multilateral agreement in those provinces.
Determine the tax basis on full invoice amounts upon the first partial payment of an invoice.

TRANSACTION TAX REPORTING FOR ARGENTINA


Configure and generate statutory and business transaction tax reports required for compliance with fiscal and
tax authorities in Argentina.

BRAZIL

ACCOUNTING (SPED) FOR BRAZIL


Comply with accounting and reporting requirements specified under the Public Digital Bookkeeping System
(SPED) in Brazil. Configure both accounting and user-defined report layouts. Ensure that output is
generated with the correct content and in the required digitalized format to create reportable files.

Transmit monthly and annual reports to SPED through the Validation and Signature Program and post them on
the Federal Revenue Services site.

ORDER TO CASH FOR BRAZIL


Order-to-cash enhancements for Brazil ensure compliance with local business practices and government
regulations for your order-to-cash transactions.

SALES INVOICING AND CUSTOMER RECEIPTS ENHANCEMENTS

Comply with common, accepted business practices in Brazil by automatically generating and transmitting
collection documents electronically to banks for collecting payments due from customers. Improve efficiency by
automatically processing receipt files from banks for the associated collection documents. Automatically include
taxes and short payments on collection documents submitted for receivables. Use city-specific calendars to
identify local holidays and ensure due dates are accurately assigned, and late payment interest is correctly
calculated and included in collection documents for bank transfers.

FISCAL DOCUMENT GENERATION AND MANAGEMENT

Comply with federal and local fiscal authority legal requirements for fiscal document generation, transmission
and approval of sales, return shipments to vendors, and internal transfers of goods or assets between legal
entities incorporated in Brazil.

Fiscal document generation features allow you to capture required information when you create invoices
for transactions and then accurately and automatically generate document numbers and extract correctly
formatted information for submission to partners to obtain tax authority approval of fiscal documents. Generate
the required fiscal document for shipments due to internal material transfers and returns to vendors. Streamline
processing when changes occur, and control updates during transaction processing for easy import approvals of
supplier changes.

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PROCURE TO PAY FOR BRAZIL
Procure-to-pay enhancements for Brazil provide the ability to manage your procure-to-pay transactions and
comply with local business practices and government regulations. Use the following new features to manage
your procurement activities and pay suppliers.

TRANSACTION TAX PROCESSING SUPPORT FOR INBOUND FISCAL DOCUMENT CAPTURE

Fiscal Document Capture (FDC) is a new product that supports the processing of fiscal documents received
from suppliers for purchases made by companies operating in Brazil. Use the integration between Fiscal
Document Capture and Tax to capture, calculate, verify and process taxes associated with inbound fiscal
documents received from your suppliers.

Use Fiscal Document Capture to manage transactions with suppliers. The fiscal document is pre-authorized by
tax authorities before it is sent to a customer with the purchased goods, and remains the source of truth for all
legal reporting purposes. As a receiving party, use Fiscal Document Capture to record and validate the
transaction details, create corresponding receipts when required, and register liability against the supplier
through the Payables invoice.

PROCESS AND MANAGE SUPPLIER PAYMENTS

Manage collection documents received from a supplier and associated with an invoice or payment schedule in
order to pay invoices or installments. If any invoices are paid late, interest is calculated and added to the invoice
amount according to the agreed terms between the seller and the buyer and in compliance with the locally
legislated business calendar. Use the following features to record a manual collection document or import an
electronic collection document and associate the collection document with one or more invoices or installments:

Enter or import collection documents and automatically or manually assign collection documents to
invoices or installment schedules.
Automatically place holds on invoices or installments without an assigned collection document and
automatically release holds after assignment.
Calculate and pay interest for late payments based upon predefined rules with suppliers that govern
penalties, grace periods and interest calculation methods. Use local business calendars to determine the
number of days in interest calculations.
Process payments by banks using electronic files and use the Manual Bank Return and Import Bank
Return process to identify and process rejected payments, corrections and maintain invoice associations.

TAXPAYER ID AND TAX REGISTRATION VALIDATION FOR BRAZIL


Configure and apply validation rules for verifying taxpayer identification numbers and tax registrations in Brazil,
for accurate tax calculations and reporting compliance. Ensure that taxpayer identification numbers and tax
registration numbers comply with standard formats, structures, and setup rules to avoid duplication.

TRANSACTION TAX FOR BRAZIL


Improve efficiency and automatically handle transaction taxes, including tax exceptions enforced by the
federal, state, and local tax authorities in Brazil. Transaction tax features for Brazil calculate taxes on sales
invoices and documents using a configurable, rules-based solution.

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WITHHOLDING TAX FOR BRAZIL
Improve efficiency and automatically handle withholding taxes, including tax exceptions enforced by the
federal, state, and local tax authorities in Brazil. Withholding taxes are calculated using a configurable, rules-
based solution.

CHILE

TRANSACTION TAX REPORTING FOR CHILE


Configure and generate transaction tax reports to comply with regulatory reporting requirements.

COLOMBIA

TRANSACTION TAX REPORTING FOR COLOMBIA


Configure and generate statutory and business transaction tax reports required for compliance with fiscal and
tax authorities in Colombia.

WITHHOLDING TAXES FOR COLOMBIA


Comply with withholding tax requirements using enhanced options for calculating withholding on VAT.

FINANCIALS FOR ASIA/PACIFIC

JAPAN

ENHANCED DEPRECIATION METHODS FOR JAPAN TAX REFORMS

The 2007 Tax Reforms were published by the Ministry of Finance in Japan on 30 March 2007. The new
depreciation rules increase depreciation expenses by abolishing the salvage value and increasing the
depreciation limit on assets with the following new depreciation methods:

Flat-rate JP-STL XXYR


Flat-rate JP-DB XXYR
Formula-based JP-250DB XX
Formula-based JP-200DB XX

There is also a new depreciation method, JP-STL-EXTND, which extends depreciation for assets acquired
before 1 April 2007.

FIXED ASSETS REPORTS FOR JAPAN


You can now use the following Assets tax reports for Japan to help you to comply with asset tax reporting:

Assets Tax Summary Report for Japan

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Japanese Detail by Asset Type for Japan (Asset Additions Report and All Assets Report). This report is
available in 132- and 180-character formats.
Japanese Detail by Asset Type for Japan (Decrease Assets Report)

"WHAT IF ANALYSIS" IMPROVEMENTS FOR JAPAN TAX REFORMS


You can now run what-if depreciation analysis using any of the new depreciation methods described in the
2007 Tax Reforms for Japan.

KOREA

VAT PROCESSING AND REPORTING FOR KOREA


Use the following reports for Korea to comply with tax authority requirements for reporting VAT and invoicing
information:

Tax Invoice Summary by Customer


Tax Invoice Summary by Supplier
Tax Summary by Customer Electronic Media Report
Tax Summary by Supplier Electronic Media Report
Exempt Tax Invoice by Supplier
Exempt Tax Invoice by Customer
VAT Tax Report (AR Tax Invoice or Tax Invoice for Output Transactions)

WITHHOLDING TAX PROCESSING AND REPORTING FOR KOREA


Use withholding tax reports for Korea to meet requirements for reporting:

Payments made to professional services suppliers.


Applicable resident withholding surcharges.

The Korean withholding tax system necessitates reporting of additional information using the following report
formats:

Resident Business Income Withholding Form for Korea


Resident General Income Withholding Form for Korea
Non-Resident General Income Withholding Form for Korea
Resident Business Income Withholding Tape for Korea
Resident General Income Withholding Tape for Korea
Non-Resident Business and General Income Withholding Tape for Korea
Withholding Tax List Summary

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FINANCIALS FOR EMEA

FRANCE

AUDIT FILE FOR FRANCE

The Audit Report for France (Fichier d'Ecritures Comptables) now includes the reconciliation group and date of
the reconciled journals, related to General Ledger clearing accounts, if these are configured.

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