oracle financials update

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

…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

• 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

Credit

Recommendations

Credit Policy Mgmt

Credit Application Credit Analysis & Decision Revenue & Risk Mgmt

Seamless Dun & Bradstreet ® Integration

Application

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

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

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

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

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.

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

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

The Actions Wizard (Former RAM Wizard)

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

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

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

11.5.9 XML Payments

Payment Instruction

OracleERP

Server

Bank Server

Confirm BOD

Payment Instruction Errors

Payment Advice

Previous Day Reporting

XML Payment

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

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

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

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.

Data Source Registration

Template Management

Template Management: Design Page

Template Assignment

Online Bill Presentment Engine: Drilldown

11.5.10 iAssets -KEY FEATURES

•Advanced Asset Search

•Self Service Asset Transfer

•Asset Transfer Rules

•Oracle Workflow and Oracle Approval Management

Advanced Asset Search

27 Additional

Criteria

27 Additional

Criteria

Query logic – ‘starts with’, ‘contains’, ‘ends with’ etc

Self-Service Asset TransferEasy to Use…and Intuitive Too!

Request Details (Step 1)

Releasing Details (Step 2)

Self-Service Asset Transfer

Receiving Details (Step 3)Self-Service Asset Transfer

Review and Submit (Step 4)

SubmitSubmit

Self-Service Asset Transfer

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

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…

…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.

oracle financials update

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