ERP – Oracle Financials Cloud New Features R12 (Part II)

Advanced Collections

Collections Work Area

  • You can manage the work assigned to individuals more efficiently by using the Advanced Collections Work Area
  • Collections Agents can prioritize delinquent customers, promises, strategy tasks, and activities, and review collections data that is conveniently summarized into four new information tiles.
    • Delinquent Customers information tile.
    • Promises information tile.
    • Strategy Tasks information tile.
    • Activities information tile.

Collections Case Folder

  • Group transactions and make collection efforts against them as if they are a single transaction by using the Advanced Collections Case


Assets Statutory Reports

  • Optimize experience for business users with new Assets statutory reports.
  • Expedite reconciliation of your depreciation accounting with General Ledger. Review depreciation expense by asset account and balancing segment for each tax year.
  • Stay in total control of assets by tracking asset sources. Track new asset additions or cost adjustments by their source, including the related invoice details for any period range.
  • Comply with US Inland Revenue Property Tax Sections 1245 and 1250. Track amounts for sale or exchange held longer that the capital gain thresholds.


Global Per Diem Policies

  • Enforcement of statutory compliance with global per diem policies.
  • Support for complex per diem requirements, such as time-based rates, first and last day rates, same day rates, long-term travel rates,
    and weekend and holiday rates.
  • Support for meal and accommodation deductions and per diem eligibility criteria.
  • Spreadsheet-based upload to create per diem rates.


Payment Approval

  • Maintain control over payments made to suppliers.
  • Submit payment process requests for management review and approval or rejection before sending payments to suppliers.
  • Prioritize payments to ensure that funds are both available and used effectively.
  • Approvers receive emails, as well as online payment approval process notifications to review the payments.


Recurring Billing

  • Efficiently automate generation of recurring invoices based on negotiated terms of contract with your customer by using the Recurring
    Billing feature.
  • Start by creating a bill plan record to define information such as billing requency, contract dates, customer information, payment terms, and the items and memo lines to be billed on each invoice.
  • Generate an invoice from the bill plan.
  • Each invoice provides a consistent record of goods and services provided on the given billing period.
  • The Recurring Biling feature provides all the tools necessary to create, review, and edit bill plans, and monitor the historical
    activity of each bill plan.

Installment Update

  • Update the installments on individual invoices.
  • When necessary, modify the unpaid installment payment schedule for an invoice according to customer requirements.
Javier Huerta Navas

Javier Huerta Navas

Oracle ERP/SCM Consultant
Javier Huerta Navas

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