Guide to Oracle E-Business Suite 12.1: What’s new for Customers in it?
Upgrades in an application change both functional and technical aspects of the Oracle Applications. Besides, the modifications in the file system and technology stack, the change also affects the working, feel, and look of the products and makes them better. These business-related functional changes impact the way these products are used by customers on day to day functioning. It simplifies management, improves the data model and the data quality, while making it easy for the service centers to provide information and handle the business operations much more efficiently.
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Oracle E-Business Suite 12.1 not only feature enhanced data model but also upgraded Oracle Procurement and Oracle Financials products to ensure best business practices. Additionally, it also empowers the users to standardize their business processes and working across various geographic regions and organizations.
Read on to learn about the upgrades that have come with Oracle E-Business Suite 12.1 in the economies of scale and various products.
Administrator User Interface Redesign
The new and advanced user interface has been introduced to maintain and setup Advanced
Collections data for quick and better functioning.
Territory management application
This new application features advanced collection usage specifically for the Territory Management. The upgraded and advanced territory migration script is capable of moving the “sales usage” collection territories to “collection usage” territories. It is one of the notable upgrades made to the system as you can now easily assign collection groups or agents to customers with the help of Territory Management. Moreover, the concurrent program of Territory Assignment has been upgraded and rewritten for accommodating the advanced collection usage.
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Collector Migration
With the release of Collector Migration the Receivables navigator now features Advanced Collection options. There is an automated script that is capable of running during the process of upgrade for creating resources from different collectors. In case the script fails to determine appropriate resources, it doesn’t create any. In case the menu pages of Collector Navigator don’t work post the upgrade users may need to build the resources manually.
Sub-ledger Accounting
The upgrade in Sub-ledger Accounting has changed the Oracle assets and products in the
following ways.
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Oracle Payables Invoice Distributions
Oracle Payables Invoice distributions assets interface are enhanced to
Invoice Line Number display.
Migration of Descriptive Flexfield
Info and data stored in the descriptive flexfields created specifically for Greece which form investment and commitment law are upgraded to Asset Workbench fields.
Centralized Accounts and Banks
The new and advanced centralized accounts and bank model facilitates users with a single source for managing and defining bank accounts for Oracle Treasury, Oracle Receivables, Oracle Payables, Oracle Cash Management, and Oracle Payroll. Users are given a single legal entity ownership of every internal bank account. Additionally, branches and banks made to migrate to the Trading Community Architecture and other defined parties.
The upgrade has also enabled easy merger of banks with similar Institution type, bank name, bank number, tax reference, alternative bank name, active date, email of bank administrator, taxpayer identifier, description, country, end date and other attributes. Ownership of granted by the Cash Management of every internal bank account to a single legal entity. It is done during the process of upgrade to avoid any hassles later on.
Upgraded security of internal banking account system
In the 11i release, bank accounts used to operational from a single unit. The security of the operating unit was used for maintaining of these systems and accounts. Bank accounts in the upgraded model are accessible by different operating units that are owned and managed by a one legal entity.
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The maintenance security of bank account which secures update and creation of various bank account systems was shifted to the level of legal entity. The new security
feature grants responsibility access to users for modifying and creating bank accounts
that are owned by multiple legal entities. Furthermore, the Cash Management now sets Maintenance security of the Bank Account for every responsibility accessible in Release 11i to the bank accounts.
Upgraded and flexible system parameters
The upgrade is intended to provide more control and flexibility over the processes involving reconciliation. Most of the options used were considered as system parameters which are now shifted from system level to the level of bank account. The controls (both automatic and manual reconciliation processes) featured at this level are configurable as per the uses and system of bank account. The system parameter controls and options from Release 11i are considered as the legal entity in the new release.
Advanced Global Intercompany System
Oracle AGIS or the Advanced Global Intercompany System is an advanced module which is introduced for streamlining intercompany processing. Additionally, it also offers the advantage of intercompany transactions reconciliation. It’s a replacement of the GIS — Global Intercompany System feature which was featured in Release 11i’s General Ledger.
All transaction and setup data is shifted to an upgraded data model. The Oracle forms featured in the Global Intercompany System have been replaced by advanced user interface pages.
Following changes are made in the upgraded system -
• Replacement of subsidiaries by intercompany institutions representing the trading partners. They can be used as Advanced Global Intercompany System’s recipients and initiators in the transactions.
• The trading partners of intercompany organizations are mapped according to users and not responsibilities. The new Grant-based Security Model gives access to multiple intercompany trading partners irrespective of the responsibilities used for signing in.
• The GIS transactions are advanced to Intercompany transaction system.
• The set up of Intercompany accounts in Global Intercompany System is upgraded to the latest rules of Intra-company Balancing. However, the set up of Auto accounting rules isn’t upgraded.
• The new Global Intercompany Systems are upgraded as Advanced Global Intercompany System transaction batches. A new batch is formed for every GIS transaction. Options in Release 11i’s GIS profile aren’t upgraded and are obsolete. The options are featured on the Options page of AGIS System.
Receivables and Payables Netting
Oracle Financials in Release 11i featured three netting receivables and payables solutions –
· Single Third-Party — Oracle Public Sector Financials (International).
· Oracle Financials Contra Charging for Europe.
· Payables and Receivables Netting — Oracle Federal Financials U.S.
All of them are replaced in the new release with Oracle Financials advanced Netting functionality. The migration of Contra Charging Payables and Receivables Netting setup in
Release 11i takes place by maintaining existing supplier and customer relationships while creating new entities which are termed as agreements.
Significant upgrades have been made in Oracle General Ledger for supporting shared service centers and multi-national organizations. The changes enable the organizations to enhance their processing efficiencies and maintain advanced security and information setup.
Users can also perform accounting simultaneously to meet various reporting requirements. Moreover, organizations can reap the benefits of processing efficiencies by setting up, accessing and processing data across various legal entities and ledgers from a single unit.
Additionally, setup and general ledger definitions like Financial Statement Generator and Mass Allocations reports are secured and shared easily across the organization by enabling the users to restrict the selected users from updating or viewing those definitions in different processes. Earlier most of the global features were available only in the localized versions are now added in General Ledger so that maximum number of customers can reap their benefits.
Oracle EBS 12.1 or Above with Stridely
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