OracleApps Epicenter

There are many kinds of bosses. Nice bosses, nasty bosses, power-hungry bosses, placid bosses, insecure bosses and so the list goes on. So what kind of boss are you? Does your boss fits the description?

Great article written by Geoffrey James on 8 Core Beliefs of Extraordinary Bosses, from article in Inc Magazine:

1. Business is an ecosystem, not a battlefield.
2. A company is a community, not a machine.
3. Management is service, not control.
4. My employees are my peers, not my children.
5. Motivation comes from vision, not from fear.
6. Change equals growth, not pain.
7. Technology offers empowerment, not automation.
8. Work should be fun, not mere toil.

In Nutshell, The best managers have a fundamentally different understanding of workplace, company, and team dynamics.

What other additional characteristics would you add to this list?

Oracle Fusion Applications are currently available under an early adopter program. That means Oracle is not pushing to existing clients to replace their applications with Oracle Fusion Applications, but will instead its trying to build a reference base through their early adopter program.This post is series of Q&A, that everyone wants to know.

1. When Fusion was announced by Oracle ?

Last year during Oracle OpenWorld in September 2010, Oracle made several product announcements. Importantly, one of these was the announcement of Oracle Fusion Applications, the new set of Oracle Applications.

2. What is Oracle Fusion Applications?

Oracle Fusion Applications is the next generation of applications from Oracle. The entire product is based on experiences acquired with previous Oracle Applications offerings such as: Oracle E-Business Suite, Oracle's Siebel CRM, Oracle's PeopleSoft Enterprise, and others, this new product was developed from scratch and written using the Java . The design and functionality used input from Oracle customers that provide input via the Customer Council for this product.

3. When will Oracle Fusion Applications be available?

Earlier Oracle announced that Fusion Apps will be available in 4Q2010 (fourth quarter of calendar year 2010) for a limited set of customers. This would be part of the early adopter program for this offering. Oracle Fusion Applications are finally nearing GA (General Availability), but not confirmed yet.

4 .What are choices recommended as far as adopting Fusion Applications?

GA date is not available for Fusion yet, therefore Oracle recommends these three options to customer:

• Augmentation: for those existing customers will implement modules from the Oracle Fusion Applications suite to augment their existing Oracle Applications Unlimited implementations. An example of augmentation is an existing Oracle E-Business Suite (EBS) financials and HCM user implementing the talent management functionality from Oracle Fusion Applications alongside the existing EBS implementation.
• Replacement: Customers will replace some or all of their Applications Unlimited implementation with one or more of the Oracle Fusion Applications "pillars" For example, an organization with EBS Financials and HCM might decide to replace HCM with Oracle Fusion Applications HCM in the short term and replace the financial modules later.
• Complete Adoption.Customers looking to replace existing legacy systems can move to a complete Fusion Applications environment. Companies operating globally have to make sure product must have offering for local requirement in first place.

5. What are the major components of Oracle Fusion Applications?

Fusion V1.0 currently, the major components are Customer Relationship Management (CRM), Financial Management (FM), Human Capital Management (HCM), Procurement, Project Portfolio Management, Supply Chain Management (SCM), Governance, Risk and Compliance (GRC).

The scope of the Phase 1 release is shown in the graphic below.

6. How is Oracle Fusion Applications Architecture ?

Fusion application have three major components in there Architecture as fig below. you can check the details in previous post.

7. Are Oracle Fusion Applications a replacement for the existing Oracle Applications, such as Oracle E-Business Suite, PeopleSoft Enterprise, Oracle's JD Edwards Applications and Siebel CRM?

No, Not At all. Oracle Fusion Apps is a new set of applications. It uses many concepts from previous applications. For example, the ERP concepts are taken from Oracle E-Business Suite. The CRM concept is taken from Siebel. However, the architecture of Fusion Apps is different from previous offerings. By design, there is a great symbiosis between Fusion Apps and Oracle Fusion Middleware. Considering the challenges that customer may face in pursuing a migration to Fusion Apps, Oracle is well recommending a "coexistence" approach that helps existing customers of a specific Oracle application.

8. What is Oracle Fusion Middleware?

Oracle Fusion Middleware 11g provides the underlying infrastructure to run and manage all your software and hardware architectures. Middleware is the key to driving efficiencies and should be considered a business imperative. Fusion Middleware includes Development Tools; User Interaction; Enterprise Performance Management; Business Intelligence; Content Management; SOA & Process Management, Application Grid, Enterprise Management and Identity Management.

9.Are Oracle Fusion Applications Available for Purchase?

Yes. Oracle Fusion Applications are available. These fusion application came under seven product families are available for customers to purchase, or to upgrade to if they have a current maintenance agreement. However, Oracle has stated that organizations purchasing or upgrading to Oracle Fusion Applications can only do so under an early adopter program, and that all such purchases/migrations must be approved by Oracle's executive management. These executives have to review and approve contracts to make sure customers have business requirements that can be addressed by the product in its initial release.

10.Did any one Deployed Fusion, and how Exactly Are They Doing?

Till date very limited information. Few month back Oracle press released announced one successful announcement , this may be part of early adopter program.There is only one live customer that has implemented some Oracle Fusion Applications functionality in an augmentation scenario.

11. What are different avaiable deployment options are available for Fusion?

Oracle Fusion Applications is offered with the following deployment options:[Adopted www.oracle.com]

• On premise, hosted by the enterprise
• Public cloud (available to the general public), hosted over the Internet by Oracle, software as a service (SaaS), or Oracle business partners offering business process outsourcing (BPO) solutions
• Private cloud (available internally behind a firewall), hosted as a SaaS or BPO offering
• Hybrid, an implementation of both on premise and cloud

12. What is Early Adopter of Oracle Fusion Applications?

The Oracle Fusion Applications Early Adopter Customer Program (EAP) is by invitation only and enables strategic customers to get direct hands-on access to the next-generation Fusion Applications software before general availability.

Oracle Highlighted the following services as part of its early adopter program:

• Oracle Product Development monitoring of service requests: Users service requests will be Monitored by development
• Special training of system integrator and enterprise resources: Development will hosts a kickoff meeting for the project, and is directly involved in training customer and system integrator resources.
• Oracle Product Development vetting of customer use cases: Oracle development resources will be directly involved in reviewing the customer's envisioned use of Oracle Fusion Applications to ensure that the customer's requirements can be met.
• Customers have direct input to Oracle Product Development - as customers go through the implementation, they may find some functionality does not meet their specific requirements, and they are able to have direct input back to product development to address these issues. However, this is more suited to detailed functional issues, not major functional areas.
• Oracle Product Development monitors customer system both before and after go-live.

13. What Are the Licensing Requirement of Oracle Fusion Applications?

Recently Oracle has published pricing information for its long-awaited Fusion Applications.The official pricing is available at Oracle website.

The list gives pricing information major Fusion Applications modules like financials, procurement, PPM (project portfolio management), HCM (human capital management), SCM (supply chain management), CRM, PRM (partner relationship management) and GRC (governance, risk and compliance).

If you are aware existing pricing for EBS then you cann't not find any major difference in pricing for example, Fusion Financials and E-Business Suite Financials are priced the same, at US$4,595 per application user license.

14. How is security for Oracle Fusion Application?

Oracle Fusion Applications is highly secured, is of tightly coordinating the following security concerns and Features.

• Role-based access control (RBAC)
• Function security
• Data security
• Privacy
• Access provisioning and identity management :The Oracle Fusion Applications installation process creates an initial user and provisions that user with the administration roles necessary for initial setup. Oracle IM is available in Oracle Fusion Applications through integration with Oracle Fusion Middleware. Identity management in Oracle Fusion Applications involves creating and managing user identities, creating and linking user accounts, managing user access control through user role assignment, managing enterprise roles, and managing OIM workflow approvals and delegated administration.
• Segregation of duties policies:Segregation of duties (SOD) separates activities such as approving, recording, processing, and reconciling results so an enterprise can more easily prevent or detect unintentional errors and willful fraud
• Enforcement across tools, technologies, data transformations, and access methods
• Enforcement across the information life cycle

15. How about the Data Model for fusion?

Oracle Fusion Applications uses a unified data model, which is a superset of E-Business Suite, PeopleSoft, JD Edwards, and Siebel entities and attributes. You can extend this data model while maintaining consistent semantics.

• Logical data striping offers flexible enterprise structures for global organizations.
• Reference data sets enable business units to share reference data. Reference data is managed by sets.
• Transactional data is managed or striped by business units.

You can assign sets of codes to each business unit.

Oracle Fusion Applications uses Trees, a hierarchy model that offers flexible hierarchies for cross line of business processes.

16. Does FusionApplication have flexfleld feature?

Yes, similar to EBS, fusion application have flex feild concept. Fusion is supporting mainly three types of flexfields

• Descriptive flexfields
• Extensible flexfields
• Key flexfields

These flexfield enables enable implementers to configure application features without programming and fully supported within Oracle Fusion Applications.

17. What is so special for Fusion User interface?

Comparing to other Oracle application, Fusion user interface is consider to be best of breed. It is customer-driven have intuitive design of the applications which results in large productivity gains.

The user interface design of Oracle Fusion Applications is:

• Role-based, which enables pervasive delivery in multiple modes, devices, and channels
• Configurable and extensible supported enhancing the Productivity for individual users and groups of users
• Composite and contextual, providing integrated information in the context of process
• Built-in user communities and workspace, Web 2.0 information distribution, and embedded social computing to improve collaborative work

Some of good feature for Fusion UI are

• Role-based dashboards that you can configure to your business needs
• Unified worklist
• Guided Business Processes, which are organized sets of tasks that help you get your work done more efficiently
• Embedded analytics that provides the necessary information for completing a task
• Contextual help that provides conceptual and procedural reference information
• Oracle Fusion Applications Search, which provides a seamless search experience for easily locating and taking action on relevant data
• Tagging, which enables you to associate keywords with objects so they can be easily located
• Instant collaboration that provides the contact information for persons related to your tasks

18. Is this avaiable for download?

Yes, Beta version is avaiable for download from Oracle E-Delivery . Check it out the details at fteter blog(see blogroll).

19. What about the Business Process Design for Fusion?

Oracle Fusion Applications uses a declarative business process design that leverages Oracle SOA Suite.

That means all SOA related features include approval management flows, human workflows, Oracle Business Process Management Worklist (Oracle BPM Worklist), business rules, activity guides, and process configuration customization tools (Oracle SOA Composer).

Business Process design is done bt heavy usage of two languages 1) Business Process Execution Language (BPEL) and 2) Business Process Modelling Notation (BPMN).

20. How about the Approval Management in Fusion Application?

In Fusion, AMX serves as a sophisticated assignment manager within human workflow allowing you to model complex approval patterns based on business rules.

21. How about audit feature in Fusion application?

Fusion Application implement Oracle Fusion Middleware Audit Framework to handle all .In other word as typical audit feature like providing a measure of accountability and answers the "who has done what and when" types of questions.

This framework cover several key audit features driven by compliance, monitoring, and analytics requirements.

22. What are the other replacement feature in fusion that makes a differnce to EBS user?

Yes there are couple of them , here are few:

• Identity Manager in Fusion apps replaces FND User
• Business Units is replaced Operating Units
• Access Control Governor replaces OICM
• Date Effectivity replaces DateTrack

23. What is Replacement of processing like Concurrent program or concurrent manager similar to EBS in Fusion?

Oracle Enterprise Scheduler provides the ability to define, schedule, and run different types of jobs. You can run jobs on demand, or schedule them to run in the future.

24. What are major footprints in Fusion Financial Management ?

Fusion Financial Management component of the Oracle Fusion Applications suite, itsrevolutionizes productivity and information access with native, real-time intelligence.Current offering is with these foo- prints.

• General Ledger
• Accounts Payable
• Accounts Receivable
• Asset Management
• Payments and Collections
• Cash and Expense Management

25. What are major benifits for EBS Financials Users

• They can see Graphical hierarchies (trees)
• Shared reference data (SetId)
• Open item reconciliation processing
• Rules-based engine for AP matching
• Comprehensive budgetary controls
• Centralized inter-unit setup and processing
• Multi-level, flexible cash positioning
• Travel authorizations and cash advances

26. What are major benifits for PSFT Financials Users?

• Subledger Accounting
• BI Publisher (including eText)
• Cash basis accounting
• Bill Presentment Architecture
• Credit Management
• Advanced Collections
• credit card processor integrations

27. Where I can get more information on fusion?

You can Find more information at Oracle.com in Oracle Fusion page for any information, white paper, podcast , and data sheet. You can also keep updated by reading fteter's and Debra's blog.I love reading both blogs.

Similar Post

• Oracle's Co-Existence Strategy
• BI in Oracle's Fusion Applications : An Quick Overview
• Fusion's Functional Setup Manager
• Oracle Fusion Supply Chain Management - A Brief Overview
• Oracle Fusion Procurement
• Oracle Fusion Project Portfolio Management
• Oracle Fusion Financials Application
• Oracle Fusion and Oracle Fusion Applications : Overview

Additional Information

• Fusion Financials Solution brief
• Fusion Applications
• Fusion White Papers

Want to learn more about Oracle's next generation applications, Fusion Applications.Here are some of the post , that helps you to understand better.

ORACLE FUSION APPLICATIONS is the integration of Oracle applications such as E-Business Suite, PeopleSoft, JD Edwards & Siebel into a set of next generation applications based on open industry standards.Fusion Applications is build on top of the Oracle Fusion Middleware Technology Stack using Oracle's Fusion Architecture as blueprint.

Oracle Fusion Applications provide a complete applications portfolio and a host of deployment options(On premise,Public cloud,Private cloud,Hybrid public/private cloud).This include over 100 modules across seven core enterprise application product areas:

Additional products exist to add significant incremental business value span the entire suite:

• Oracle Fusion Accounting Hub (Oracle Fusion Financials)
• Oracle Fusion Talent Review (Oracle Fusion Human Capital Management)
• Oracle Fusion Territory Management (Oracle Fusion Customer Relationship Management)
• Oracle Fusion Distributed Order Orchestration (Oracle Fusion Supply Chain Management)

Oracle Fusion Middleware is the underlying Technical Platform used to build Oracle Fusion Applications. Oracle Fusion Architecture is the blueprint that ties together the Fusion Applications, Middleware Platform and Grid Technology.

As an EBS user, the concepts that we have learned over the years are all made obsolete. In their place many of the PeopleSoft concepts has taken over.

• Identity Manger replaces FND User
• Business Units replace Operating Units
• Date Effectivity replaces Date Track
• ESS replaces Concurrent Manager
• Access Control Governor replaces OICM

Extensible Attribute Framework introduced allowing unlimited set of attributes with more powerful features than Descriptive Flexfields (DFF). All attributes can be inherited or discovered by business intelligence, business rules, business processes, transactional UI and transactional logic. Gone are the days where one must add custom tables due to limitations of DFF fields. Will align to ‘Rethink Customization Strategy’

Sub-ledger Accounting (SLA) architecture is carried into Fusion Applications combined with Business Unit mapping providing a basis for an excellent Service Provider Model.

Fusion Application Security is built using the Security Manager Tool (part of Fusion Middleware) this means the concept of Responsibilities that EBS users are familiar with are gone and in its place Role based access mechanism is implemented.

Fusion have almost all Technology Stack

These technology stack create ample opportunity to Functional Analyst,Technical Developer and Application Architects.
Combines the best-in-breed functionalities of EBS, Siebel CRM, PeopleSoft and JD Edwards Enterprise One Applications.All of the current applications mashed up along with usability and business process optimization resulting in a new set of better application.

There is choice of adoption scenarios in order to move to Oracle Fusion Application. Co-existence option ie adding on specific Oracle Fusion application module .

Fusion application Business Intelligence comprises of Oracle Transactional BI (OTBI) a real time self service reporting directly off Fusion Apps data. Oracle BI Applications (OBIA) is a prepackaged data warehouse enabling historical analysis and cross domain insight. Whereas specialized Domain specific Analytics include financial statements, sales territory planning and Project Performance built on Essbase technology. White space analysis built on Real Time decisions and Oracle Data Mining Technologies.

Oracle Fusion Functional Setup Manager provides a single user interface for performing all tasks related to Oracle Fusion Applications setup after installation and helps you to easily move the setup data between instances to reduce implementation time.

More References from Oracle

‘Signal 11’ is one of the most scary things in EBS developer/Apps DBA community . If you haven't encounter yet , after working couple of years in EBS, that means you are quite lucky ..kidding

If you came from basic C programing skill, then you might be linking with malloc ..memory allocation , believe me, that is totally different.

In this post I will share some of the information which you need to know, rather than a creating a panic situation with developer or DBA .

WHAT IS SIGNAL 11

In layman term, Signal 11 is an obscure way to say that there is hardware problem with the system's memory

"Unaligned memory access" is a message coming back from the UNIX operating system letting you know that an Oracle executable has tried to access memory incorrectly. It's not a problem with UNIX but is part of the operating system's mechanism of protecting itself from crashing.

Chances are there you might get either of these ..Autoinvoice ,GLPPOS, GLLEZL, GLBMBO, APXXTR, GLNSVI, INCTGL , GLAMAS, ARZCAR, ARGLTP, RGRARG, GLCRVL,GLPAUTOP ,FADEPR - Depreciation, PDF Reports, XML OUTPUT

SIMPLE CAUSES MAY INCLUDE

• Not enough disk space in $APPL_TOP/out directory where the concurrent manager creates the report output files.
• Lack of storage space in table spaces, rollback segments etc
• Very complex SQL statements with many Group By columns (which may not all be required)
• Incorrect OS permission’s
• Parameter mismatches
• The reports were FTPed incorrectly (ASCII instead of binary)
• A 'Numeric or Value error' on some procedure code (although this may also cause a Signal 4 error). Typically this is because you have a field or variable which is too small to hold a value passed to it, which often happens when you are summing values.

TECHNICALLY

• All ‘Signal’ messages (there are between 15 and 36 different ones depending on the OS) mean that the OS is telling the current process that something has happened, or is ordering it to do something.
• Take a example , when you do a ‘kill -9 <proc_id>’ on the server, you are actually sending a Signal 9 (SIGKILL) to that process.
• Depending on the error, the running process can either ignore the Signal, exit gracefully, or exit and write a copy of its current memory stack to the filesystem
• Core dump file is always unwanted.
• Signals 6 (Abort), 10 (Bus Error), 11 (Memory Pointer Error) and 12 (Bad System Call) all fall into the last category and write a ‘core’ file.
• Signal 11 is : “Process asked to be allocated <x> Bytes of memory, but is now trying to access an address which is not within that allocation or is trying to access a null address”.
• This may be caused by code or data problems.

You usually find, windows equivalent of a Signal 11 error is when a process terminates with ‘Error -1073741819’

WHEN YOU ENCOUNTER THIS

1. First thing to look at is the last few lines of logfile – preferably with Debug on
2. Searching that you might find in log file, chances are high you will get some node at metalink. if not
3. Check with your apps DBA , pass the information , he will try to Analyze/diagnosis and advice.
   • what he will do, he will try to locate core file which got is written to the directory from which the executable was called.
   • Take a note,after a Signal 11 error has occurred, the program may write a dump of itself to $<product>_TOP/bin
   • The ‘core’ file which got located is just a dump of the memory occupied by the program at the time of failure, and as such is not easy to read.
   • they need some utilities to produce a readable output. DBA typically used these utilities adb, dbx, xdb, gdb,
4. If nothing get solved Quickly, raise a SR with Oracle.

Meantime , you can also check the list of unix signals with their explanation in note id 1038055.6

Geographical Information Systems (GIS) is software for capturing, managing, analyzing and displaying spatially referenced data.

• GIS makes it easier to:
  • Locate and point to entities on a map
  • Ask for information about the entity
• Enables use by company's maintenance users not skilled in IT

when you are doing integration with any of GSI application, you might need to look the Public API availability.

eAM/GIS Public APIs

You can integrate GSI application with EAM with the help of Public API EAM_LINEAR_LOCATIONS_PUB

Fig 1:eAM/GIS Public APIs

You can use these API's to integrate.

• Create Work Request : You can use EAM_LINEAR_LOCATIONS_PUB.CREATE_WORK_REQUEST
• Define Asset -You can use EAM_LINEAR_LOCATIONS_PUB.CREATE_ASSET
• Create Work Order -You can use EAM_LINEAR_LOCATIONS_PUB.CREATE_EAM_WO

What is the main difference between Credit check and Credit Hold?

Credit Hold is used to prohibit orders from being progressed beyond entry or booking, from a specific customer. It is not dependent on Credit Limit or Previous Balance or any criteria. This is normally used when you need to immediately stop all ordering for a customer.

Credit Checking allows you to control which customer site is affected, what the credit limit is, what is included in the credit check, etc.Credit Management provides even more control and functionality.

You can use Credit Checking and Credit Hold together or separately.

You Can disable to Credit Hold and enable Credit Check.

You can use Credit Check and Credit Hold together, if you think you need both functionalities. As indicated, Credit Hold will prohibit any
processing of the order. Credit Check is used to evaluate the customer's credit limit, outstanding balance, etc. It will function differently depending on numerous setting and situations. In case if you are implementing these you need to review OM Documentation to see all the various ways you can chose to opt credit checking.

Do you need to have 'Credit Management' module installed in our instance to use Credit Check?

You do not need to have the Credit Management module installed to use standard credit checking.

Does Credit Check will not prevent an order from Pick Releasing and Shipping if we set it up at those levels in the Transaction Type setup?

Defining Credit Checking on the Transaction at Pick Releasing and Shipping SHOULD cause Credit Checking to occur before an order picks or ships. However, there are other settings which impact this. For one, the behavior will depend on whether you have defined Order or Line level credit checking. The credit check will depend on the credit exposure existing at the time of pick release or ship. That is impacted by your credit Rule. Also, the credit checking behavior is dependent on how you have set up the option Override Manual Release on the Credit Checking Rule.

There is something called "OVERRIDE MANUAL RELEASE" which you can use this options. If you are, choose the number of Days to Honor Manual Release.

The Override Manual Release checkbox controls whether the credit check process will be triggered even if holds were released manually or not.

The Override Manual Release checkbox, used in conjunction with Days to Honor Manual Release field, enables you to define the duration (number of days) you will forego additional credit checking if an order or line credit check hold is released manually. Manually released holds are honored only during processes that are performed after Booking such as Picking, Packing, and Shipping.

If Override Manual Release is enabled, the credit checking process will validate if the release date is within the interval defined by the value of Days to Honor Manual Release. If the value is within the range defined, then manually released holds will be honored and additional credit checking is not performed. If the value is not within the range defined, credit checking can occur again and credit check holds can be applied if the order or lines fail the credit check process.

For example, suppose you have defined a Credit Check Rule in which you have enabled the Override Manual Release check box, with a value of 15 within the Days to Honor Manual Release field. Assume that this credit check rule is assigned to the transaction type as a Credit Check Rule for Booking and Shipping. If you manually release an order or line from credit check hold after Booking, and if you ship the order or order line within 15 days, Order Management will not enable credit checking to occur again during Shipping. However, if you ship after day 15, then Order Management will enable the credit checking process to be invoked again.

That means there is no guarantee that Credit Checking will work as you expect, just by defining the activities on the Transaction Type.

Hope this helps.

Are you aware, AIA Foundation Pack Reference Process Models combine Business and Technical View of Business Processes for Greater
IT and Business Alignment.

AIA creates and delivers the following types of models in html format:

• Reference Process Models (RPMs): Horizontal, functionally scoped business process models that depict all of the aspects of the
  processes supporting a particular function (Marketing, Sales, and Order Fulfillment, for example).
• Industry Reference Process Models: Industry-specific business process models that combine industry processes with relevant
  horizontal processes and variations of horizontal processes.
• Composite Business Flows: End-to-end processes that are comprised of parts of several functional business processes (Order
  to Cash, Procure to Pay, and Design to Release, for example).

Oracle Business Process Publisher is delivered along with each AIA product for customers to be able to view the read-only published set of
models.

The published models include hyperlinks to entries in OER where technical details are described for the AIA integration artifacts

• Navigation from RPMs to OER
• Enhanced Controlled Object Library
• Functional Allocation Diagrams
• L2 models annotated with EBS name
• L3 models annotated with EBS operation

Taking this opportunity to wish reader from everyone a Happy Chinese New Year It’s the year of the Water Dragon according to the Chinese calendar. GONG XI FA CHAI!

Now we are entering into a whole New Year and what would be a better time to thank and wish blog readers than the wonderful New Year 2012?.

I take this opportunity to wish every reader of my blog a Happy, creative and Prosperous New Year 2012.

There are around two thousand e-mail subscribers and around 1 lakh views of this blogs each month across the globe. Hope the same kind of cooperation, comment and suggestion will be provided to us and that will further help to upgrade the standard of blog postings.

I’m delighted to announce the mobile version of Oracleappshub is now available.

If you access this blog from an iphone, ipad, android or other mobile device, the site will automatically switch to the mobile version.

Simply type in the standard url of www.oracleappshub.com and you will be able to view and read the content easily on your handheld.

Read the rest of this entry »

In previous Post you have seen the functional overview for Refund Functionality in R12. This post will give more insight.

WHAT IS REFUND

Refund is kind of a single payment to a supplier or customer, usually to reimburse them for:

• one or more credit/debit memos on their supplier account in Oracle Payables
• one or more credit/debit memos on their customer account in Oracle Receivables

SENARIOS ...

In order to understand, presume you want to stop doing Business with a supplier

• You have an overall $100 credit balance with the supplier,which consists of a Credit Memo of $250 and an unpaid Invoice of $150
• The supplier sends you a $100 refund for the credit balance.
• You enter a $100 Refund Payment (a $100 negative payment), and on the Select Invoices window, you select the outstanding invoice and credit memo.

Once you save the Refund Payment, the invoice and credit memo are marked as paid, and you have no outstanding documents for the supplier

WHAT YOU NEED FOR THIS REFUND

• You need to do a set up the bank account in which you will deposit the refund. This can be the same bank account you use to make payments.
• Set up the appropriate cash account and, make sure cash clearing account is setup correctly
• The Payables documents you select must be in the same currency as the refund currency, and the sum of the documents you select must
  equal the amount of the refund.

TAKE AWAY

When you have debit/credit memo on a supplier or employee account (generally due to over payments or returns) which cannot be
matched directly to any existing open invoices, the supplier or employee may send you a refund for the memos. In that case, you can record the "refund" against those memo(s) by recording a "refund" type of payment in the Payment Workbench.

• A Refund payment is a "negative" dollar amount payment issued to record the reimbursement received, and to clear the specified memo(s)
  (and possibly, invoices) from the Aging Report.
• A Refund Payment can also be used to clear a credit balance on a supplier's or employee's account, and can consist of any combination of
  the following documents, as long as the sum is negative and equals the refund amount:
  • Invoices and/or Expense Reports
  • Debit and/or Credit Memos
• Refund Payments can also be used to reimburse you for a Prepayment you paid to a supplier or employee that was later determined to be
  unwarranted.
  • If you receive a refund of a Prepayment, enter an invoice and apply the prepayment (if the Prepayment has not already been applied to an invoice),then enter a Debit Memo for the invoice.
  • You can then pay the Debit Memo with the Refund Payment.
• Paying documents with a Refund Payment marks each selected document as paid, clears them from the Aging Report, and gives you a
  complete supplier/employee transaction history.
• When you record a refund, Payables debits either your cash or cash clearing account, and credits either your expense or liability account,
  depending on whether you use cash or accrual accounting.
• You can take discounts on payable documents (invoices/memos) that you mark as paid with a refund.

VOIDING REFUND

You can void a recorded Refund just as you would any other payment.

• Query up, then select the Refund in the Payments Workbench window.
• Choose the Actions button, and use the Void option in the Payment Actions window. You can then re-enter the refund and pay any open
  and applicable invoices/memos or prepayments for the supplier/employee.

Hope this helps you to understand the refund functionlity.

Suggesting Reading

• Refund Functionality in R12