New features Oracle Fusion (Cloud) -r-13

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Syed Ali Raza (CA,MBA) Page 1
OVERVIEW
This document outlines the information you need to know about new or improved functionality
in Oracle Financials Cloud Release 13.
COMMON TECHNOLOGIES AND USER EXPERIENCE
This section gives an overview of common features available in Release 13. These are the overall
investments in technology and user experience that Oracle has focused on in this release.
COMMON FINANCIALS FEATURES
ENHANCED INTEGRATION BETWEEN FINANCIALS CLOUD AND EPM
The current integration between Financials Cloud and EPM Cloud applications has been
enhanced to provide a more seamless integration experience. The updated integration allows
users to pick the desired source ledger from Financials Cloud, set up a few simple mappings, and
then push a button to bring the data into EPM Cloud applications.
Set up simple mapping between the Planning application and Financials Cloud General Ledger to
write back Budgets from Planning to Financials Cloud.
This integration, which can be run manually or scheduled for a specific time, no longer requires
manual steps in Financials Cloud and EPM Cloud. The updated integration also sets up the drill
definition automatically, which eliminates errors that may be caused when manually defining a
drill definition.
Security is integrated between EPM and ERP to allow the same user to access information across
these applications without separate sign on.
ERP OBJECT ATTACHMENT SERVICE
The ERP Object Attachment Service supports automatic upload of attachments to Oracle ERP
Cloud and associates attachments to a particular business entity or collection of business
entities. Attachments are used to supplement and provide key additional information to
enhance daily business operations and better track financial activities or events.
The ERP Object Attachment Service is secured through Oracle Web Service Manager (OWSM).
INBOUND AND OUTBOUND DATA FILE ENCRYPTION USING ERP INTEGRATION SERVICE
Since inbound or outbound data files are transmitted over the internet and often contain
sensitive information and financial transactions like journal entries, invoices, payments and bank
records, data encryption is a critical and essential element in implementing integrations with
Oracle ERP Cloud. ERP Cloud Integration Service secures data files across Oracle ERP Cloud, On-

Premise, or PaaS applications while supporting 100+ interfaces across Financials, Project
Portfolio Management, Procurement and Supply Chain Management.
The ERP Cloud Integration Service provides the ability to protect both inbound and outbound
data files, in addition to SSL and Oracle Web Service Manager (OWSM) message protection
policy over the internet.
ADD WHO COLUMNS FOR AUDITING
Who columns are added in Payables Invoices and Expense Transactions OTBI subject areas to
better support audit reporting. Users can now report on Created By, Last Updated By, Creation
Date, and Last Update Date for all entities in Financials.
FINANCIALS
Oracle Financials Cloud offers an integrated financial management suite that is designed to
automate, streamline, and manage financial processes end-to-end. It simplifies controls,
increases productivity, and improves business decisions through a broad suite of capabilities
around general ledger, accounts payable, accounts receivable, fixed assets, expenses,
collections, bill management, and cash management, as well as centralized accounting, tax,
payment, and intercompany engines.
ADVANCED COLLECTIONS
DISPLAY ON-ACCOUNT AND UNAPPLIED RECEIPTS IN THE TRANSACTIONS VIEW
The Transactions tab on the delinquent customer details page is now enhanced to display on-
account and unapplied receipts together with other types of transactions. This feature increases
collector efficiency and visibility through a more holistic view of delinquent customers.
ASSETS
ALIAS SUPPORT FOR KEY FLEXFIELDS IN ASSETS
Reduce data errors and improve usability of asset flexfields by using aliases for asset key
flexfield combinations, such as asset physical locations or asset categories. For example, you can
create an alias named 'HQ' to represent the physical location of your company's headquarters.
ASSET LEASES
Use the asset lease feature to:
 Manage your finance and operating leases, comply with ASC 842 and IFRS 16 by creating
right-of-use assets and lease liability, and handle the appropriate accounting.
 Calculate periodic depreciation expense and interest expense for finance lease assets.
 Calculate periodic lease expense for operating lease assets.

 Generate and transfer invoices for periodic lease payments to Payables.
 Terminate an asset lease or any of its right-of-use assets after reviewing its impact on
the liability balance.
 Change material details, such as lease term duration, payment schedule changes after
reviewing its impact on the liability balance, or both.
AUTOMATICALLY DERIVE DEPRECIATION EXPENSE FOR ASSETS
When you select the Prepare Additions Automatically action from the Assets page, an asset's
depreciation expense account will now be derived using the Subledger Accounting Transaction
Account Builder.
PAYABLES INVOICE DETAILS DURING ASSET CONVERSIONS
Payables invoice details are now available when converting legacy assets when using file-based
data import or spreadsheet templates.
REDESIGNED OTBI SUBJECT AREAS FOR ASSETS
The Assets OTBI architecture is now simplified to just two subject areas:
 Transactions
 Depreciation
The intuitive reorganization of all of the attributes allows both exhaustive and more rapid ad
hoc reporting.
SPREADSHEET-BASED MASS DETAIL CHANGES FOR ASSETS
You can now store up-to-date asset descriptive details using a file-based data import
template. For example, you can update descriptive details such as the manufacturer and tag
number in bulk.
BILL MANAGEMENT
BILL MANAGEMENT
Oracle Bill Management Cloud is an electronic bill presentment solution that allows
organizations to reduce the cost of billing and collections, while improving the overall customer
service. Bill Management is an enterprise management solution for business-to-business and
business-to-consumer relationships. The solution provides self-service customer led bill
management process through an easy-to-use mobile enabled user experience with real time
account review, dispute monitoring, and online payments that are instantly reflected on the
customer account. The resulting business process efficiency improvements increase customer
satisfaction and deliver cost reductions by streamlining the overall accounts receivable
operations.

Key features of Bill Management allow your customers to:
 Analyze open and closed transactions
 Download transactions
 Manage payment options
 Monitor disputes
BUDGETARY CONTROL
BUDGETARY CONTROL YEAR-END CARRY FORWARD
Easily identify surplus funds and purchase orders to carry forward to the next budget cycle using
the following Budgetary Control Carry Forward set of processes:
 Carry Forward Purchase Order Budgetary Control Balances process to identify open
purchase orders with surplus funds for a given budget cycle and carry them forward to
the next budget cycle.
 Carry Forward Funds Available process to carry forward unused budget amounts to the
next budget cycle.
ENHANCED BUDGETARY CONTROL PROCESSING AND REPORTING
The new Budgetary Control enhancements to budgeting, reporting, and product integration
enable you to:
 Enforce budget consumption controls by specifying whether budgetary control
validation occurs on the submission or approval of requisitions or purchase orders.
 Easily override insufficient funds for requisitions and purchase orders.
 Automate the creation of control budgets at the award and funding source levels, and
integrate awards throughout the procure-to-pay flow.
 Implement budget management controls and encumbrance accounting in Oracle Self-
Service Procurement through to Oracle Inventory Management Cloud Service, for
internal transfers that are delivered to expense locations.
 Enhance budget balance inquiry and reporting by capturing comments and additional
information if needed in user-extensible fields at both the line item level on the Review
Budget Balances page, and during budget import and budget adjustments.
 Expand OTBI budgetary control reporting using the new Budgetary Control - Balances
Real Time subject area, and the new requisition, purchase order, payables, and manual
journal attributes in the Budgetary Control - Transactions Real Time subject area.
ENHANCED ATTRIBUTES FOR BUDGET CONTROL - TRANSACTIONS REAL TIME SUBJECT
AREA
New attributes are added to the Budgetary Control - Transactions Real Time subject area to
enhance reporting on source transactions. The enhancements include new attributes for
requisition header, requisition lines, requisition project information and requisition distribution

amounts; purchase order headcount, lines, distribution amounts; payable invoice distribution
information; and manual journals.
NEW BUDGETARY CONTROL - BALANCES REAL TIME SUBJECT AREA
A new Budgetary Control - Balances Real Time subject area is available to report budget
balances. Users can report on budget, consumption, reservation category, available fund
balances and control budget details.
CASH MANAGEMENT
ENHANCED BANK STATEMENT HANDLING AND RECONCILIATION FEATURES
Increase productivity and improve efficiency using enhanced bank statement handling and
reconciliation features, such as importing non-standard bank statement formats more easily
using new Excel spreadsheet upload capabilities. Access complete bank statement file
information and attach documents and image files as desired, and automatically create cash
transactions directly from GL journal entries. Reconcile using expanded support for dynamic
flexfields, and enjoy improvements to manual reconciliation, bank transfer, and ad hoc payment
capabilities.
EXTENDED CASH FORECASTS
Improve operational insight with extended cash forecasts for any number of
days/weeks/months/years by customizing your Smart View Wizards.
TREASURY MANAGEMENT INTEGRATION
Promote your Treasury operations into the Cloud through Oracle's partnership with Reval.com,
leveraging multi-point, bi-directional integration for unified accounting, payments and cash
flows, and reporting on up-to-the-instant, combined ERP and Treasury information in both
environments.
EXPENSES
IMPROVED CONTROLS FOR EXPEDITED EXPENSE REIMBURSEMENT
Expedite expense reimbursements with improved process controls and enhanced auditor
capabilities. Configure Expenses to display business unit-specific policy links, restrict expense
account allocation to cost centers during expenses entry, and prevent selection of tax rate codes
while capturing applicable tax-related merchant details. Provide seamless expense reporting
experience for globally mobilized employees and new hires. Additionally, perform the following
actions as an auditor:
 Add attachments to expense reports and cash advances in any status.
 Automatically populate receipt package check-in date.

 View inactive employee status in expense reports and cash advances.
 Audit any short paid or rejected expense reports and expense reports pending auditor
approval within assigned business units.
 Return expense reports after audit completion.
MOBILE EXPENSES ENHANCEMENTS
Enhance usability and improve efficiency of your workforce with Mobile Expenses. Expenses
mobile application now enables the following capabilities:
 Manually itemizes cash expenses and corporate card expenses and uploads or submits
them in an expense report.
 Enables reviewing PDF and Microsoft Word documents while approving expense reports
on Android devices.
 Allows contingent workers to enter expenses and submit expense reports from their
mobile devices.
 Controls image size of the documents attached to expense items and expense reports.
REMITTANCE ADVICE AND TOKENIZATION WITH CORPORATE CARD PROCESSING
Gain operational efficiency and control with the following corporate card enhancements:
 Support for Global Remittance Utility from American Express with tokenized GL1025
corporate card transaction files.
 Support for tokenized Visa VCF files.
 PGP encryption for Visa and MasterCard files.
 Optional disablement of the Merchant field update on corporate card transactions.
ENHANCED COMPLIANCE WITH ENTERTAINMENT POLICIES
Entertainment and gift polices enable companies to comply with government regulations and
maintain transparency. Define limits for employee attendees, restrict selection of non-employee
attendees from a predefined list, mandate attendance of at least one employee and one non-
employee as attendees, add attendees to itemized expenses, and control data entry
requirements with new entertainment policy enhancements.
GENERAL LEDGER
CLEARING ACCOUNTS RECONCILIATION
Clearing accounts reconciliation offers sophisticated automatic and manual methods to group,
match and reconcile related 'in' and 'out' journal lines that no longer contribute to an account
ending balance. Resources can instead be deployed wisely towards analyzing unreconciled
journal lines that are both relevant and responsible for the buildup of the ending balance in a
clearing account. Clearing accounts reconciliation helps to shorten the period close cycle where
account reconciliations are critical activities.

In one central setup location, define reconciliation types that represent reconcilable clearing
accounts (for example, asset clearing, accounts payable accrual, unbilled receivables) and their
associated reconciliation rules. Enter journal lines with reconciliation references to
automatically reconcile with minimal user intervention and enhanced productivity. Use
tolerances when performing manual reconciliation, to further enhance the success rate of
journal lines getting reconciled. Correct previous reconciliations by subsequently reversing
them. Run reconciliation reports and perform inquiries to retrieve and analyze reconciled and
unreconciled journal lines.
JOURNAL POSTING IMPROVEMENTS
Enhanced error reporting of journal posting issues helps users resolve issues quickly and
independently.
 Ability to search for journals with errors on the Manage Journals user interface.
 Comprehensive and improved posting execution report.
 Intuitive error messages.
GENERAL LEDGER REPORTING
The General Ledger journal and account analysis reports list journal entries and account
balances. In Release 13, the following benefits have been added:
 Enhanced report extracts to include reconciliation information for clearing accounts.
 BIP templates can be customized to list the clearing account reconciliation details.
PAYABLES
DEFERRED EXPENSES
You can now defer the recognition of expense or expenses incurred across multiple GL
accounting periods. The feature requires the start date, end date, and the accrual account.
DUPLICATE INVOICE CHECK
There is now an additional check for duplicate invoices during invoice creation. This check is
based on a combination of supplier, invoices type, amount, currency, and date.
SUPPLIER BALANCE AGING REPORT
You can now generate an aging report on a suppliers balance based on a specific date. The
Supplier Balance Aging report only considers the invoices that are accounted in Payables and
transferred to the General Ledger. These balances will reconcile with the trial balance report.

RECEIVABLES
ABILITY TO SETTLE TOKENIZED CREDIT CARD TRANSACTION FROM THIRD-PARTY
SYSTEM
Streamline credit-to-cash processing with seamless integration between third-party order
management or payment processing solutions and Receivables. Import tokenized credit card
transactions from third-party systems into Receivables and settle them using Payments.
 Third-party systems manage the capture and tokenization of credit card transactions.
They can also optionally authorize the credit card transactions.
 Receivables supports the import of credit card transactions with token, with or without
authorization. If authorization was not performed by the third-party system, Receivables
will complete the authorization process.
 Receivables supports both asynchronous batch processing for large volume
transactions, and online processing for single transactions.
ABILITY TO UNAPPLY STANDARD CREDIT MEMOS FROM INVOICES
Use the Unapply Standard Credit Memo feature to update and maintain accurate customer
balances by unapplying standard credit memos from invoices and turning them into on-account
credit memos.
CREDIT MANAGEMENT
Credit Management provides the information and tools to monitor and evaluate the credit
worthiness of customers and make informed credit decisions. With a wealth of timely internal
and external data, balance growth with financial stability by tailoring credit policies to business
needs and market conditions. As part of the Oracle Financials Cloud Credit-to-Cash solution, the
Credit Management feature helps to improve cash flow, increase billing efficiency, optimize
customer relationships, and instill corporate and fiscal discipline.
This feature provides rich and easy-to-use credit management capabilities in the following four
areas:
 Comprehensive credit profiles and policies.
 Streamlined credit review process.
 Effective management of credit review lifecycle.
 Flexible scoring models and third-party integration.
E-MAIL DELIVERY OF STATEMENTS
The Create Customer Statements process now offers both printable statements and automatic
e-mail delivery of statements to customers. Enable a customer account or site profile for
statement delivery using e-mail and configure outbound e-mail parameters, including sender

name and address, reply-to address, and e-mail subject and body text. Once submitted, monitor
the delivery status of customer statements and resend e-mails as necessary.
SUBLEDGER ACCOUNTING
SUBLEDGER REPORTING
Subledger account analysis and journal reports list accounting entries from subledgers and those
directly created in or imported to general ledger. In Release 13, the following benefits have
been added:
 Report extracts have been enhanced to include reconciliation information for clearing
accounts.
 BIP templates can be customized to list the clearing account reconciliation details.
USABILITY ENHANCEMENTS FOR SUBLEDGER ACCOUNTING - JOURNALS REAL TIME
SUBJECT AREA
New dimension folders are added for Sequences and Supporting Reference to report supporting
documents and supporting reference balances. To simplify the subject area, code columns, such
as balance type code and fund status code, are hidden in the subject area. Instead customers
can use related description columns for these code columns for reporting. Any existing reports
that use these hidden code columns will continue to function. These description columns have
Double Column feature enabled that automatically supports multi-language translation in string
filtering.
EXPORT ACCOUNTING ENTRY VIEW IN SPREADSHEET
The enhanced view of accounting entry in the spreadsheet now displays attributes as separate
columns for enabling further analysis on the exported information.
TAX
ENHANCED SUPPORT FOR TAX PARTNER INTEGRATION
Oracle ERP Cloud offers tax partner integration flows to streamline the entire tax compliance
function. Use tax partner integration services to create and update geographies, tax
jurisdictions, tax rates, and taxability rules for products and services. Use integrated Tax Partner
Reporting Services to generate “Signature Ready” returns for US Sales and Use Tax filings. For
advanced compliance needs, leverage Tax Partner Calculation Services seamlessly integrated
with ERP Cloud.

REST SERVICES SUPPORT FOR TAX REGISTRATION, TAX EXEMPTIONS AND PARTY TAX
CLASSIFICATIONS
Use REST services to create, update, or retrieve tax party profile information related to tax
registrations, taxpayer identification numbers, tax party classifications, and tax exemptions for
third parties such as customers and suppliers.
TAX BOX ALLOCATIONS
The Tax Box Allocation and Reporting feature allows you to report on tax and taxable amounts
under tax boxes. In Release 13, Tax Box Allocations feature offers the following benefits:
 The Tax Box Return Preparation Report is enhanced to support annual tax box allocation
reporting.
 Report Periodicity parameter offers two options to print the reports: periodic allocation
and annual allocation. Based on the selected value, you can print the cumulative annual
tax allocation amounts, or periodic tax allocation amounts. A new parameter Tax
Calendar Year is introduced to support annual allocations.
 A new parameter, Summarization Level, lets you list the tax allocations in summary,
detail, or both detail and summary format.

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