Extreme Makeover for Oracle General Ledger in Release 12

Presenters Name Presenters Title

Program Agenda

Business Case CFO Challenges Extreme Improvements

Compliance Simplification Centralization

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Final Thoughts

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracles products remains at the sole discretion of Oracle.

Wine Works
Wine Works Corporation

Legal + Regulatory + Industry Mandates

Compliance and Governance
Organizations face a Mountain of regulations with reporting requirements that mandate information accuracy, protection and reliability

Business Impact 1999

2002

The Role of Standardization

Its About Global Simplification & Standardization
Major Focus

Standardizing operating practices and controls Standardizing policies and business rules Standardizing and integrating finance systems Adopting best practices Optimizing the finance organization and its reporting structure Reducing reliance on spreadsheets
Source: PWC Management Barometer

69% 66% 59% 58% 52%

50%
Senior executives say simplification is driving the Finance agenda

33%

Wine Works Corporation

World Wide Operations

French Fiscal legal rules EUR currency Plan Comptable accounts

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An Evolutionary New Architecture

Global Financial Architecture

More Control with Even Greater Flexibility
Multiple Ledgers
3 Party Systems
rd

General Ledger General Ledger Drilldown

Accounting Policies

Centralized Architecture Accounting Policies Bank Model

Dr

Cr

Centralized Accounting Model, Rules, Engine and Repository

Banking

Global Tax

Intercompany Accounting

Tax Engine Intercompany

Inventory

Receivables

Projects

Work in Process

Purchasing

Payables

Role-Based Access to Operating Units

E-Business E-Business Suite

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Enable Compliance At Every Level

Ledgers
Legal Entity: France Primary Ledger US GAAP rules Corp COA Corp Calendar USD Secondary Ledger French Fiscal rules French COA Corp Calendar EUR

Dr

Cr

Centralized Accounting

Same Subledger Transaction can Create Multiple Accounting Representations

Enable Compliance At Every Level

Centralized Accounting Solution

Description

Accounting rules SarBox & 8th Dir. User-editable Multiple accounting and
currency representations Subledger daybooks (journals) Reports, inquiries

French Fiscal

US GAAP

Dr

Cr

Centralized Accounting

Payables Invoice

Enable Compliance At Every Level

Centralized Accounting Solution

Benefits

Corporate rules = accounting

standardization Local rules = improved local compliance Fewer manual adjustments Improved audit-ability Faster, easier reconciliation

French Fiscal

US GAAP

Dr

Cr

Centralized Accounting

Payables Invoice

Multiple Accounting Representations

US GAAP Corp COA Corp Calendar French Fiscal Plan Comptable Corp Calendar

Dr

Cr

Centralized Accounting

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Simplify Business Systems and Maintenance

Accounting Setup Manager

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New Feature Alternate Accounts

Alternate Accounts
Prevent Accounting Errors

US.300.10000 US.300.20000 US.300.30000 US.300.40000 US.300.50000

US.350.10000 US.350.20000 US.350.30000 US.350.40000 US.350.50000

Replace Disabled Accounts

General Ledger General Ledger

US.350.10000 US.300.10000

Inventory 3rd Party Systems Work in Process

Receivables

Projects

Purchasing

Payables

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New Feature Control Accounts

Control Accounts
Streamline Reconciliation

Receivable Account

Inventory

Receivables

Projects

Manual Journal

Purchasing

Payables

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New Feature Data Access Sets

Simplify Data Access

Data Access Sets

Grant and tailor access to Ledgers and Balancing Segment Values (i.e. Companies, Stores, Branches, etc.) Privileges GL Manager View France Ledger Canada Ledger US Ledger Write Accountant

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New Feature Definition Access Sets

Secure Definition Access

Definition Access Sets

User chooses who to share definitions with User chooses who to restrict definitions from Grant privileges to view, modify, or submit definitions Control definition security independently from data security

Secure Definition Access

GL Manager View
Misc Expense Report Definition Balance Sheet Report Definition Income Statement Report Definition

Privileges Modify Submit

Accountant

Definition Access Sets

Definitions That Can Be Secured Accounting Calendars AutoAllocations AutoPost Criteria Sets AutoReversal Criteria Sets Budget Formulas Budget Organizations Chart of Accounts Mappings Consolidation Definitions Consolidation Sets Currency Rate Types Elimination Sets FSG Reports and components MassAllocations MassBudgets Recurring Journals Revaluations Transaction Calendars

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Centralize Business Functions

Ledger Sets
Perform the Following Across Ledgers:
Open/Close Periods Create Journals Translate and Revalue Balances View Information Submit Standard Reports Submit Financial Statements
We have 60 Sets of Books and see tremendous efficiencies with running processes across these SOBs using Ledger Sets,
-- says

Keith Dunkin from Alcoa

Ledger Set Reporting

Corporate Ledger Set

View Your Enterprise

Straightforward Upgrade

No disruption to existing investments

Your business will still run the same way

Automatic upgrade provided

There is minimal manual intervention

Customer-paced advancement
You decide when to leverage new features

Summary

Compliance
Legal and statutory compliance with centralized accounting Multiple accounting and currency representations

Simplification
Simplify setup with Accounting Setup Manager Control account balances and prevent errors Control data and definition access

Centralization, Standardization
Reporting and processing in ledger sets

Additional Enhancements

Web-based Spreadsheet Journal Entry, Budgeting, Report Definition, Drilldown and Analysis Foreign Currency Allocations and Recurring Journals Automatic Journal Copy Prevent Reversal of Unposted Journals Prevent Reversal of Journals with Frozen Sources Accounting and Reporting Sequencing Journal Line Reconciliation Entered Currency Reporting and Analysis New iSetup APIs

Final Thoughts

Release 12 Our Best Ever