Oracle R12

R12 is the latest and most advanced version of the E-Business Suite.

R12 is Defined as Global Business Release Focusing on working , Thinking and Managing Global Organization.

Requirements:

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•Improve support for shared service operations.
•Ease access to aggregated data for management reporting.
•Ensure accurate accounting, tax and currency treatment of transactions.

Results:

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•A single responsibility to access and transact on multiple organizations .
•A single ledger to manage multiple currencies.
•Ledger sets to manage accounting processes across ledgers.
•Centralized rules engines for tax, accounting and inter company.
•A separate and simple payment creation and delivery solution.
•Centralized trading partners (suppliers, banks, first party legal entities).
•Simplified reporting via XML Publisher.
•Netting across trading partners.

Centralized Financials Architecture:

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TOP Changes in Oracle Release 12:
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1.Multiple Ledgers- From Set of Books to Ledgers and Ledger Sets.
2.Legal Entities and Accounting Setup.
3.From Product Accounting to Subledger Accounting. (SLA)
4. Shared Service Access Controls - From Multi-Org to Multi-Access- MOAC (Multi Org Access Control) - Role based access to Operating Unit.
5.Oracle Payments and Banking - Centralized Bank Model- Centralized Payment Processing (Shared Services Disbursements and Receipts)
6.From Multi-Tax Codes to E-Business Tax(EB Tax).
7. Intercompany using Advanced Global Intercompany (AGIS).

Changes between 11i and R12 high level details: