Oracle Release 12
Financials New Modules
in Oracle Release 12
Oracle Financials Release 12 features
four new modules and a series of
enhancements to existing modules
and functionalities. The new modules
include Oracle Subledger Accounting,
Oracle E-Business Tax (EX), Oracle
Profitability Manager, and Oracle
Financials Services Accounting Hub.
Each of these new modules provides
businesses with additional tools to
streamline financial processes and
improve efficiency.
Oracle Sub Ledger Accounting gives
an organization the increased control,
visibility, and efficiency needed to
comply with corporate, statutory,
and managerial audit and accounting
requirements. Oracle Sub Ledger
Accounting allows an organization
to establish One Source of Truth for
all accounting, reconciliation, and
analytical reporting data because it
stores General Ledger entries using a
common data model. This module also
streamlines month-end closing through
a common posting engine. Visibility
improves when using Oracle Sub Ledger
Accounting because it supports multiple
parallel accounting representations.
n Subledger Accounting
A new tool that allows companies
to meet multiple GAAP, corporate,
and fiscal accounting requirements. NEW MODULES IN ORACLE
Accounting Methods Builder allows FINANCIALS RELEASE 12
users to determine accounts, lines,
descriptions, summarization and n
Subledger Accounting
dates of journal entries. Detailed
subledger accounting journals offer n
Financial Services Accounting Hub
enhanced analytics, auditing and
reporting. n
E-Business Tax
n Financial Services Accounting Hub n
Profitability Manager
Users can efficiently create detailed,
auditable, reconcilable accounting
records from a variety of source ORACLE FINANCIALS R12
systems. This module serves as ENHANCEMENTS
one enterprise-wide accounting
repository to meet various corporate, n
XML Publisher at end user’s
management and reporting desktop
requirements. Oracle Financial Services
Accounting Hub forms an integral n
Improvements to Oracle
component of the Finance, Risk and Budgeting
Compliance Architecture for financial
services. n
Multii-Org Access Control
n E-Business Tax n
Intercompany Accounting links
A new tool for tax knowledge Receivables and Payables
management and delivery adaptable
to country specific requirements. n
Receivables Gross Margin
A single repository for all tax Analytics
information which can handle
very simple to very complex tax n
Revenue Management and
requirements. This tax reporting matching COGS to revenue
solution includes modifiable tax
reporting templates.
Oracle Release 12

Financials New Modules in Oracle Release 12

n Oracle Profitability Manager THE IT CONVERGENCE R12 FULL ITC CAPABILITIES
This new module provides greater SERVICE VALUE PROPOSITION
insight into current operations n
Consulting Services
with actionable information for Regardless of your R12 needs, ITC’s n
Support Services
making decisions and facilitating 360º Customer Care philosophy means n
Education Services
improved profitability. This new tool that you are always supported. In n
Development Services
is a comprehensive solution for the addition to working with senior Oracle n
Web Services
calculation, analysis and reporting consultants who have hands-on R12
of profitability. Oracle Profitability experience, partnering with ITC brings THE ITC R12 ADVANTAGE
Manager provides analytics across any you these benefits: Our Education
enterprise in any industry sector by Services department will teach your n
Global Reach
integrating Oracle Performance Analyzer staff the skills they need to use R12
and Oracle Activity-Based Management. effectively. Our Support Services division n
Senior E-Business Suite Expertise
can provide managed services and through Release 12
ITC QUALIFICATIONS hosting for your R12 environment,
and you can rely on our Development n
R12 Delta Training, tailored to
n Subject Matter Experts with multiple Services Center and Web Services your needs
Oracle E-Business Suite upgrade and division to deliver cost effective reports
implementation projects. and dashboards. n
Experience gained from working
n Specialized expertise in Oracle on Oracle R12 deployments
Financials, Accounts Payable, and
Accounts Receivable n
Full technical and database
n Business-focused consultants who support
understand and can help clients
overcome common pain points Whether you’re trying to decide
n Accelerated approach for project if R12 is best for you, or you’re
execution and ensuring quality already upgrading to R12, ITC is
deliverables ready to support you.
n Global reach matched with local
www.itconvergence.com
expertise

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