Newfeaturesinoraclefusionfinancialaccountsreceivablesandaccountpayables 150525121245 Lva1 App6892

Whats New in Oracle Fusion Account
Receivables and Payables Cloud Services?
www.jadeglobal.com Jade Global 2014

About Jade Global
LOS ANGELES NEW JERSEY

ORANGE COUNTY HEADQUARTERS (USA) NOIDA
SAN DIEGO
Pune
11 years
Of Enterprise
Applications 100+
Development, Clients Over 400
Deployment & Served Employees 3 Global
Enterprise IT Outsourcing 7 Offices Delivery Centers Strategic
Worldwide Worldwide
Services Provider Expertise Worldwide Partnerships
Agenda
Oracle Fusion Financials Cloud Services
New Features in Oracle Fusion Accounts Receivable
New Features in Oracle Fusion Accounts Payable
Q&A
Oracle Fusion Financials Cloud Service is part
of Oracle Fusion Application, which are
completely open, standard-based enterprise
applications that function in the cloud via a web
browser
It helps you to improve performance, lower your IT cost and gets better results. Whether you choose
single module or product family or entire suite
Implement Oracle Fusion Application by traditional on premise implementation approach or
implement using cloud service
On-Premise Implementation Cloud Service Implementation

Fusion application and database are deployed in the cloud that can be portable and can be easily
moved to/from a private cloud or on premise environment
Cloud
Environment
On-Premise
Environment
FUSION APPLICATION FINANCIALS
General Ledger Accounts Payable Payment & Collection Asset Management
Cash & Expense

Accounts Receivable Management Common Modules
New Features in Oracle Fusion Account Receivables
SmartReceipts
Fusion Receivables continues to support auto lockbox but has enhanced to apply receipts
automatically using SmartReceipt
SmartReceipts functionality is extended to the receipts that are created manually or uploaded
through excel
Auto Lockbox
Fusion Receivable
(Customer Receipts)
Manual Receipt Entry

SmartReceipts
Receipt Via Spreadsheet

SmartReceipts:
Smart receipt uses payment information to apply receipts
Recommends best potential matches for exceptions
Recommended invoices are prioritize and displayed to user based on user defined matching rules
Using calculated score, users can quickly decide which payments to apply and which exception
recommendations to use
Autoapply process adds Customer Autoapply process to apply

customer information to the Recommendation receipt to a transaction
receipt if score exceeds Threshold automatically
threshold
Minimum Weighted AutoMatch Combined Weighted

Threshold Rule Set Threshold
Autoapply process All transactions closed on

recommends transaction or before the days provided
for receipt application if Days of Closed
as threshold value
score exceeds for one or Invoices Threshold
more transactions
Weight Value
Combined Weighted Threshold 75%
Minimum Weighted Threshold (Customer) 20%
Minimum Weighted Threshold (Transaction Number) 70%
Minimum Weighted Threshold (Transaction Amount) 10%
Transaction Information in System Value Lockbox Information Value

Customer Number 1001 Customer Number 1005
Transaction Number 10010 Transaction Number 10001
Transaction Amount 120 Transaction Amount 120
AutoApply Performs following

Customer Match (1 ) * 100 = 75% Final Score = 20% of 75% is 15%
Transaction Match (1 1/5) * 100 = 80% Final Score = 70% of 80% is 56%
Amount Match (1 0/3) * 100 = 100% Final Score = 10% of 100% is 10%
Total = (15 + 56 + 10) = 81%
Combined Weighted Threshold = 75%
AutoApply automatically applies the receipt to the transaction
Query By
Example
Select the
transaction and
click on Accept
Excel-based Receipt Entry :

Quickly create and update customer receipts
Increase users ability to process payments and remittance data
Leverage the inherent Excel functionality, such as copy and paste
Send spreadsheets to reviewers and approvers
Prepare excel file with receipt information and click in Upload

Receivables to General Ledger Reconciliation:

Quickly reconcile receivables to the general ledger to close your books faster
Ensure receivables activity is properly captured and reflected in the financial results
Exceptions are automatically identified
Reports expand account balance information from summarized to detail data for optimal
reconciliations
Quickly investigate differences in balances with drilldowns
Fusion Account Receivables Fusion General Ledger
Fusion
Transactions Sub-Ledger
Transactions Accounting
Journals Balances
Reconciliation Report
New Features in Oracle Fusion Account Payables
Out-of-the box imaging integration for supplier invoices
Invoice Image Review Invoice Pay Invoice

Routing Page
Process
Invoice
Recognition
Invoice Image in Payables Specialist

Invoice Work
Area
Import Image Recognize

and Scan with Image Store Process and
Image with Pay Invoices
ODC and Routing Review Invoice
OCR
Out-of-the box imaging integration for supplier invoices:

Reduce transaction processing costs
Reduce data entry errors with pre-populated invoice data
Eliminate the need for costly third-party solutions that require custom
integration
Increase productivity for invoice approvals and audits by being able to access
the invoice image through the invoice's lifecycle
Excel-based Invoice Entry:
Quickly enter and correct invoice import errors using a familiar environment
Reduce training costs
Reduce developing custom solutions to integrate invoice data from 3rd Party
System
Enter or copy/paste the invoice

information and click on Save
and Submit Invoices
Interactive Payables Dashboard:
Payable dashboard is one place where you can view and take action to pay invoices on time
while enforcing policy and internal controls
Displays accurate actionable information that ensures invoices are paid on time, improving
internal controls & enforcing policies
Displays list of invoices pending for others approval, if you have questions, contacting them is
easy by sending an email, making a phone call or instant messaging to expedite their approvals
Search & show all invoices for specific supplier, business units or approver
Immediate invoice payment, you can release hold for specific invoice, speeding up your
payment purchasing
From a single location, monitor the status of the payment request that require your attention, so
you can take the necessary action
Stop payment request can reviewed on dashboard, depending on the feedback from the bank,
you can either void the payment or release the stop payment
Payables to General Ledger Reconciliation:

Quickly reconcile payables to general ledger to close books faster
Ensure payables activity is properly captured & reflected in the financial results
Quickly investigate differences in balances with drilldowns
Fusion Account Payables Fusion General Ledger
Fusion
Transactions Sub-Ledger
Transactions Accounting
Journals Balances
Reconciliation Report
Oracle Fusion Financial Other Key Features and Benefits
Oracle Fusion Financial Key Features
Excel Based Customer Integration in Fusion Receivables
Excel Based Supplier Integration in Fusion Payables
Invoice Help Desk Easily answer supplier queries or audit invoices with immediate access to a
complete snapshot of an invoice
Oracle Fusion Financial Key Benefits
Close faster with visualization and monitoring of the close status for ledgers and sub-ledgers in
related subsidiaries
Reduce transaction processing costs and data entry errors
Save on training costs and increase productivity when handling large data volumes
Conclusion
Conclusion
The Oracle Fusion Financials user experience is
designed to help you operate more accurately and
efficiently, saving you time and money. The Oracle
Fusion Financials user experience:
Gives you what you need to see, when you need
to see it
Helps you get it done fast, get it done right
Works the way you do
Thank You

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Whats New in Oracle Fusion Account

Receivables and Payables Cloud Services?

www.jadeglobal.com Jade Global 2014

LOS ANGELES NEW JERSEY

Oracle Fusion Financials Cloud Services

New Features in Oracle Fusion Accounts Receivable

New Features in Oracle Fusion Accounts Payable

On-Premise Implementation Cloud Service Implementation

FUSION APPLICATION FINANCIALS

General Ledger Accounts Payable Payment & Collection Asset Management

Cash & Expense

Manual Receipt Entry

Receipt Via Spreadsheet

Autoapply process adds Customer Autoapply process to apply

Minimum Weighted AutoMatch Combined Weighted

Autoapply process All transactions closed on

Transaction Information in System Value Lockbox Information Value

AutoApply Performs following

Excel-based Receipt Entry :

Prepare excel file with receipt information and click in Upload

Receivables to General Ledger Reconciliation:

Fusion Account Receivables Fusion General Ledger

Out-of-the box imaging integration for supplier invoices

Invoice Image Review Invoice Pay Invoice

Invoice Image in Payables Specialist

Import Image Recognize

Out-of-the box imaging integration for supplier invoices:

Enter or copy/paste the invoice

Payables to General Ledger Reconciliation:

Fusion Account Payables Fusion General Ledger

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