AR -Receivables – Overview - R12

R12 – Receivables – AR

AR are now fully support new modules like E-Business Tax and Subledger Accounting.

Overview:

• Integration with E-Business Tax
• Integration with Subledger Accounting
• Centralized Banks and Bank Accounts Definitions
• Integration with Payments for Funds Capture
• Balance Forward Billing
• Late Charges Enhancements
• Customer UI Redesign
• Process Changes

Integration with E-Business Tax

Release 12 introduces Oracle E-Business Tax to manage tax across the E-Business Suite. During the upgrade, system and customer options used to control tax calculation and tax code defaulting are migrated from Oracle Receivables into Oracle E-Business Tax entities. See E-Business Tax in this appendix for further details.

Integration with Subledger Accounting

Release 12 introduces Subledger Accounting for managing accounting across subledger transactions. Receivables no longer creates any accounting entries. Existing Receivables accounting options and setups remain and affect the generation of accounting distributions in the Receivables data model. However, the accounting distributions are now simply one of many sources for generation of final accounting in the Subledger Accounting module.

Centralized Banks and Bank Accounts Definitions

In Release 12, all internal banks and bank accounts you had defined for your operations are automatically migrated to the central Cash Management entities. Remittance bank accounts are owned by a legal entity rather than by an operating unit.

Integration with Payments for Funds Capture

Release 12 introduces Oracle Payments, which is used by Oracle Receivables for processing funds capture. See Payments in this appendix for further details.

Balance Forward Billing

Release 12 enhances the Release 11i Consolidated Billing Invoices functionality to include more flexible billing cycles, to consolidate invoices at site or account level, and to present Balance Forward Bills using the user-configurable Bill Presentment Architecture.

Late Charges Enhancements

Release 12 enhances the Receivables Late Charges feature to incorporate the Global Interest Invoice setups, charge calculation logic, and charge generation processes. Charges for delinquent payments can now be generated as adjustments, debit memos, or interest invoices. The Interest Invoice Global Descriptive Flexfield is obsolete.

Customer UI Redesign

Release 12 introduces a new HTML user interface for entering and maintaining customer data. See the Oracle Receivables User Guide for further details.

Process Changes

The following features are obsolete in Release 12:
Collections Workbench – The Oracle Advanced Collections module delivers similar functionality. See the Collections Migration white paper and the Oracle Advanced Collections User Guide for further details.
Trade Accounting – Similar functionality is delivered by integration with the Oracle Trade Management module. Trade Management integration is available in Release 11i.
Bill of Exchange – This functionality has been replaced with the Bills Receivable feature. Bills Receivables is available in Release 11i.