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R12.2 : Transforming EBS Financials with Fusion Accounting Hub

Posted on December 5th, 2013 by Sanjit Anand ||Email This Post Email This Post

In R12.2 , there is one important enhancement which transform EBS Financials with Fusion Accounting Hub.

The Oracle Fusion Accounting Hub provides integration for the Oracle General Ledger .

This new enhamcement in term of integration provides you with the opportunity to leverage the Oracle Fusion Accounting Hub with minimal implementation effort and without disruption to your current financial management processes.

You can continue to use Oracle E-Business applications without disruption and you can also continue to account for transactions in Oracle General Ledger without changing their accounting treatments.

Integration between the Oracle Fusion Accounting Hub and Oracle General Ledger includes the ability to transfer full or incremental period balances to the Fusion General Ledger.

You can convert charts of account values and accounting period information to align with Fusion ledger configurations. You can also drill from the summary information posted in the Fusion Accounting Hub back to the Oracle E-Business Suite (EBS).

Integration with the Fusion Accounting Hub enables users to leverage new fusion general ledger capabilities, such as embedded ESSBASE (Extended Spreadsheet DataBASE) integration with real-time analytics, on-line slice-and-dice account analysis, making it easier to run boardroom financial reports, helping generate the boardroom financial reports with great ease.

Posted in Hyperion, R12 | No Comments »

Payment Acknowledgement Import : R12.2 out-of-box Feature

Posted on December 4th, 2013 by Sanjit Anand ||Email This Post Email This Post

Payment acknowledgement processing is widely used in various countries in US and EMEA region where Bank provide the acknowledgement/Confirmation.

If you have some customization in existing EBS , and planning to use R12.2 in near term, you can take advantage of out-of-box feature .

This new functionality that has been added to Oracle Payments that allow you to import payment acknowledgement reports containing payment status for bank received payment files.

A “Payment Acknowledgement” for supplier payments in Oracle Payments/Payables is a file that confirms for the payor that their electronic payment (sent to a payee’s bank) was successfully transmitted and received (“acknowledged”) by the bank. Therefore, this type of Payment Acknowledgement processing starts after successful transmission of the payment file to the supplier’s bank. Once the bank receives the payment file, the process generates the acknowledgement file.

With this Import you can :

  • Map bank acknowledgment codes with system defined acknowledgment codes
  • Import acknowledgment data
  • Import multiple acknowledgments per payment
  • Review acknowledgment details including bank reported errors and status

Remember , Payment acknowledgment is supported only at payment level.

Posted in Oracle Payable, Oracle Payment Module | No Comments »