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“Put Oracle R12 Financials New Features to Work for YOU” Webcast Questions

“Put Oracle R12 Financials New Features to Work for YOU” Webcast Questions

Take advantage of the information from last week’s webcast on Oracle R12 Financials New Features to get your questions answered!

Also, don’t miss next week’s webcast titled Avoid Common Pitfalls When Implementing OBIEE and Fusion Analytics,” September 28th at 11:00 am Eastern/8:00 am Pacific.

Register here!

Q: ­In Payment manager, it seems that we have to use either a PDF file to print the check runs and reports or the concurrent manager but not both. Is there a way around that? ­

The system is actually using the concurrent manager always on every check run, including creating the PDF file.

Q: Can you speak briefly about the capabilities for receiving electronic invoices? ­

That capability is still available as with 11i. It is called Payables Open Interface Import. It allows the AP user to run a concurrent program to load from an electronic flat file into Oracle Payables.

Q: We are planning for Payables and SLA training, in preparation for R12. Do you believe “delta” training is necessary for the rest of GL, AR, PO and Project Accounting? ­

That can be a difficult question to answer; it greatly depends on the ‘intuitiveness’ of your current GL/AR/PO and PA user. In my experience AP training is a must-have, while I’ve seen departments go with and without training on the other modules. My suggestion is to have your IT department get a test instance of Oracle R12, and let your users experience it at the early part of your project or even before the project starts, to gauge their comfort level.

Q: Can you please talk and expand on NEW reporting features in E-Business tax. Many thanks.

Just a short overview. Anything dealing with taxes (outside of payroll, 1099) is governed in the E-Business Tax module. Reports include a listing of reports, listing of rates, listing of all tax rules. With custom reporting you can obtain taxes paid by country, state, zip, jurisdiction, etc. There are additional reports that specific to use taxes, sales and VAT taxes.

Q: For the new AP Invoice Lines, can you match against multiple PO’s for the same invoice? ­

Yes you can match multiple PO’s to one invoice

Q: Would you please discuss the new third-party payment option (credit card payments) available in AP R12? ­

There really isn’t a ‘new third-party payment option’ that does not already exist in current 11i, what is new is you have controls over the credit card payments. You can determine who can and cannot use it, specific rules and policies, credit card limits, etc. You are still required to have a separate credit card processor, but the integration between the two is easier and more manageable.

Q: Is the to do list on the supplier screen beneficial to the end users even if they manually enter suppliers instead of using isupplier? ­

The To Do list is still beneficial, especially if you have any supplier approval process, or those awaiting W-9.

Q: I’ve heard that Web ADI does not work with SubLedger Accounting. True? ­

False. Web ADI does work with Subledger Accounting.

Q: What are the other new features in AP besides the three that were touched on? ­

Major features that affect the average AP user are:
AP Invoice Lines
Payment Manager
Change in screens

There are other changes that are minor in detail and may not affect every AP customer such as changes in approvals, reporting, diagnostics and MOAC (ability to access multiple set of books).

Q: What version of Excel do we need to be on to use BI Publisher?

Works perfect with Excel 2007. Works well with Excel 2010, 2003 and 2000(requires a different patch).

Q: Does the subledger result in additional reconciliations? ­

Depending on your setup and what you are using your subledger accounting for. It can be a mirror of another ledger, or a reporting ledger, which would not require reconciliation. If it is being setup as a secondary ledger that does not get all entries, then reconciliation may be needed.

Q: Is web ADI for payables only for reporting, or can it also be used for data entry/upload? ­

Web ADI can be used as upload tool, with many pre-built templates for several modules (Assets, Payables, HR, Projects, etc.)

Q: Where are 1099s housed – is it in E-Business Tax? ­

1099 is still housed in Payables

Q: Please explain how to use the multiple ledgers to achieve IFRS.

That would require a separate training class, but in short if you have one ledger using GAAP, you would create a secondary ledger that has the same entries but using IFRS.

Q: Do you have training for Developers too or only for functional? ­

There are two classes for Developers, Subledger Accounting in detail, and Upgrading to R12 has some technical explanation. There is no ‘pure’ Developers class currently available. That may change in the near future.

Q: In Fixed Assets, are you able to transfer assets between two sets of books, or will still have to retire and add? ­

For R12, have to retire and add.

Q: We are using Web ADI with Oracle 11i now – Elliotte mentioned this application can be used to enter new projects (in Oracle Projects). It that possible in 11i or the template only works with R12?

The templates needed to upload into items like Oracle Projects are in R12. This is because Web ADI integrates Report Manager/BI Publisher, which does not exist in the same way in 11i.

Q: Is OBIEE a subset of R12 or is it higher version above R12?

Not the perfect analogy, but OBIEE would work closer to being a subset of R12.

Q: Is there a big difference in terms of Localizations between Release 12.0 and 12.1?

Not exactly changes to the functionality, but it has been expanded to about 15 new countries(Russia, Sweden, Mexico, India to say a few).
Localization does take increase importance with the use of MOAC(ability to access multiple set of books)

Q: If you do have training for Developers…then is that based on ADF or OAF?
Currently no pure training for Developers.

We have OBIEE, Upgrading to R12, and Subledger Accounting, which has strong technical elements, but nothing solely geared to the developer.

Q: Will you still have to import & “push” transactions as batches from subledgers (i.e. Oracle Projects, Receivables, Fixed Assets), which then have to be posted, or will subledger transactions come over seamlessly to the ledger in R12.

You can do either or, depends on setup. You can have entries automatically go to GL, or you can have them stay there and you ‘push’ them.

Q: Is there a training for LATAM tax engine?

There are classes for the E-Business Tax, but nothing currently specific LATAM. I will pose that to my manager.

Q: Was this call CPE eligible?

Our workshops are considered CPE eligible, this webcast is not setup that way.

Q: The point on the subledger slide that you can still drill down at the GL was not completely understood by us. Thank you.

In short, the subledger maintains the link between the transaction and the GL entry. At anytime you can drill from the transaction to the GL entry, and in reverse. There are several areas this can be done, along with reports that allow this drill down capability.

Q: On Report Manager, is there a way to default ‘Auto Archive’ to Yes?

Yes, the setting can be made to always be yes. It is a personalization feature.

Q: Is Oracle payments part of the payables module or it is a separate one to buy?

It is a separate module, but it is included with the purchase of Financials, you do not have to purchase it separately.

For more information about Oracle Financials R12, click on the highlighted links below to learn more about our Oracle Applications Workshops, Oracle R12 Financials New Features, Oracle R12 Subledger Accounting, and Oracle E-Business Tax.