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General LedgerSet of books become Ledgers and Ledger SetsParameter change Changed from Set of Books to Ledger. Additionally Ledgers that share Calendar, Currency and Chart of Accounts can be grouped into Ledger Sets allowing processes to be run on a group of Ledger rather than one ledger at a time for example Open and Close periods, Posting and Allocations.

Enhancements to Legal Entity ConfigurationConfiguration for Legal Entities and Ledgers is now tied together with in a new form viewed on your browser and assignments can be made to assign Legal Entities to Ledger and even balancing segment values if needed

Definition Access Sets can be used to restrict access end user setupThese can be used to give access to items that were not securable in the past like Define Allocations, Define Recurring Journals, and Define FSG components.

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General LedgerWeb based Journal WizardCurrently used client ADI application no longer used in R12. Oracle uses web based Desktop Integrators for creating journals and uploading integrated with Microsoft Excel.

Journal Copy functionalityAbility to auto copy journals from with the manual journal entry screen

Reversal Criteria setsReversal Criteria allows creation of groups of journal category types for reversals that can be shared across ledgers

Control AccountsAccounts can be defined as Customer or Supplier related to ensure activity from the subledgers only

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General Ledger- Subledger Accounting for subledger modulesSubledger Accounting (SLA) to accounting and transfer to GLEach subledger, Payables, Projects, Assets, Receivables, Cost Accounting and Cash Management now go through Subledger Accounting.Old 11i processes are no longer used. SLA controls the accounting for subledger transactions and transfer to General Ledger.SLA provides many new options for how Accounting is derived and transferred to GLImproves drilldown from GL to the subledgers

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Oracle Assets Web based Assets WizardCurrently used client ADI application no longer used in R12.Oracle uses web based Desktop Integrators for creating journals and uploading integrated with Microsoft Excel

Depreciation Rollback automatedAdjustments to Assets that impact depreciation will have any current period depreciation rolled back when the Depreciation process is executed again instead of the manual rollback done in release 11i

Integration with Subledger AccountingAll accounting activities are integrated with the new Subledger Accounting architecture changing the way data is processed and transferred to General Ledger.

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Oracle Projects Integration with Subledger AccountingAll accounting activities are integrated with the new Subledger Accounting architecture changing the way data is processed and transferred to General Ledger.

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Cost ManagementMatching Cost of Goods Sold to Revenue automate the matching of COGS for a sales order line to the revenue that is billed for that sales order line. This synchronizes the recognition of revenue and COGS in accordance with generally accepted accounting principles.

SLA Subledger Accounting Accounting entries are generated in a manner consistent with previous releases but are now created within the framework of the new Subledger Accounting architecture.

Period Close DiagnosticsThe period close process is enhanced to allow users to easily identify the pending and uncosted transactions that prevent period close

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Cost ManagementReportsInventory Value Report is replaced by Inventory Value Report by SubinventoryAll Inventories Value Report is replaced by All Inventories Value Report by Subinventory Subinventory Account Value Report is obsolete.Consolidated Bills of Material is replaced by Supply Chain Consolidated Bills of MaterialIndented Bill of Material Cost Report is replaced by Supply Chain Indented Bill of Material Report.

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ReceivablesRevenue Recognition Time-Based Revenue Recognition Ratably Over Time Upon Expiration of Contingencies Event-Based Revenue Recognition Payment Customer Acceptance Rule-Based Revenue Recognition Payment Term Thresholds Refund Policy Thresholds Customer Credit worthinessMOAC ControlEnables the user to perform tasks across operating Units (OUs), without changing responsibilities

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ReceivablesLine Level Cash Applications The Line Level Cash Applications solution allows the application of receipts to specific transaction items such as individual lines, groups of lines, or tax or freight bucketsSubledger AccountingSub ledger Accounting - Journal Creation takes place prior to GLBank Model Single unified Bank. Unified model enables to define customer Bank as well as Internal bank information in single place, so that working capital cash flow should be enhanced. EBusiness Tax Oracle E-Business Tax is a new product that uniformly delivers tax services to all Oracle EBusiness Suite business flows. In Release 12, Receivables is enhanced to support integration with the E-Business Tax productPeriod Close DiagnosticsThe period close process is enhanced to allow users to easily identify the pending and uncosted transactions that prevent period close

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ReceivablesEnhanced Customer Screen11i Customer standard forms is obselete and new html customer screen with new navigation. New customer screen enables clearer separation of the party and account layers, which makes a consist ant look and feel.RefundsOracle Receivables is fully integrated with Oracle Payables to deliver a seamless, automated process to generate check and bank account transfer refunds for eligible receipts and credit memosLate Chargesenhanced Late Charges functionality enabling the creation of standard late charge policies that can be assigned to customer accounts or account sitesAR-AP NettingThe matching of open receivables and open payables is automated

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ReceivablesBalance Forward Billing Forward Billing is an enhanced version of the existing consolidated billing functionalityBalance Forward Billing provides the ability to setup cycle-based billing at the account or account site levelsenable event based billing, and leverage user configurable billing formats provided by Oracle Bill Presentment Architecture

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Order ManagementMulti-Organization Access Control (MOAC) Multi-Org Access Control enables uses to access multiple operating units data from single responsibility. They can also use Order Import to bring in orders for different Operating Units from within a single responsibility.The same applies to the Oracle Order Management Public Application Program Interfaces (APIs).Post Booking Item SubstitutionItem Substitution functionality support has been extended to post-Booking through Scheduling/re-scheduling in Sales OrderItem Substitution functionality is also supported from Planners Workbench (loop-back functionality) till the line is pick-releasedLot and Serial Controlled AssemblyLot controlled job can now be associated with serial numbers to track and trace serialized lot/item during shop floor transactions as well as post manufacturing and beyond

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Oracle PurchasingProfessional Buyers Work CenterOracle Purchasing Release 12.0 speeds up daily purchasing tasks with an enhanced Professional Buyers Work Center. Based on the latest web-based user interface models, the Work Center is a central Launch Pad from which buyers can efficiently perform their daily tasks: View and Act upon Requisition Demand Create and Manage Orders and Agreements Run Negotiation Events including Auctions and RFxs (requires Oracle Sourcing) Manage Supplier Information

New Supplier Setup User Interface Release 12.0 introduces a new HTML UI for managing suppliers, which replaces the existing Suppliers Form.

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Oracle PurchasingMulti-Org Access Control (MOAC)Multi-Org Access Control enables uses to access multiple operating units data from single responsibility. buyers will now be able to view consolidated requisition demand spanning multiple operating unitsUsing a single Responsibility, they will be able to manage demand (i.e. requisitions), conduct sourcing events, enter into agreements and issue purchase orders on behalf of any of the operating units that they serveE-Business TaxOracle E-Business Tax is a new infrastructure for tax knowledge management and deliveryusing a global system architecture that is configurable and scalable for adding country specific tax content.Oracle E-Business Tax significantly enhances the current tax code/tax group based tax computation capabilities within the Procure to Pay business flow

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Oracle PurchasingNew User Interface for Oracle Purchasing Setupsweb-based user interfaces will replace the following existing Oracle Purchasing setup forms. Define Buyers Define Approval Groups Assign Approval Groups Define Purchasing Options Define Receiving Options Define Line Types Define Document Types Control Purchasing Periods Setup Expense Account Rules Define Job and Category Association

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Oracle iProcurementEnhanced Catalog AuthoringEnhanced online authoring capability for iProcurement catalog administratorsOnline catalog authoring complements the existing batch upload processoptimized for making small and quick updates to catalog content.Difference Summary for Catalog ChangesProvides the difference Summary between new catalog content and the last approved versionUnified CatalogOracle iProcurement and Oracle Purchasing now have a single shared catalog data modelApproval, Revision Control and Archive for Catalog Dataprovides approval, revision control and archival capability for catalog dataCatalog data is now stored in the form of Global Blanket Agreements, allowing users to leverage Purchasing Approval hierarchy, Revision Control and Archival capabilities for agreements

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Oracle iProcurementContent Securityexpands catalog content security, using content zones providing more precise control of what users can see in the catalogContent Zones are segments of catalog content that administrators can define based on supplier, supplier site and categorythe administrator can use inclusionary or exclusionary rules to determine whether certain items should be included or excluded from a specified Content ZoneSupport for Multiple Favorite Lists Multiple Search Result LayoutsList of Value Enhancementsaddition of sorting capabilities, more LOV search criteria, and displaying additional information

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Oracle iSupplier PortalSupplier Change Orderenhances the supplier change order flow to expedite both initiation and approval of change order requests.Multi-Order Change Requestcurrent change order functionality allows suppliers to acknowledge orders and initiate change requests one purchase order at a timeWith Release 12, this functionality has been extended to enable suppliers to acknowledge or process changes across multiple orders simultaneously. Tolerance-based Auto-Approval of Supplier Change RequestsRelease 12 allows buyers to filter out minor supplier change requests by having them automatically approved by the systemRoute Change Requests to RequesterIn prior releases, requesters did not have visibility into the supplier change order processWith Release 12, the buying organization may optionally give requesters full control of their orders by routing change requests to the requester rather than the buyer.

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Oracle iSupplier PortalSupplier OnboardingRelease 12 includes significant improvements to the existing prospective supplier registration feature.Also introduced are new procedures that allow internal users to request new suppliers.Supplier Contact ManagementR12 enables supplier contact records and supplier user accounts are harmonized so that any changes need only be made to a single recordEnhanced Supplier Profile ManagementThe Supplier Profile Management tools have been significantly enhanced for both supplier users and buyer administrators.New Supplier Setup User InterfaceA new HTML UI for managing suppliers has been introduced in Release 12 that replaces the previous Suppliers Form.

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Oracle PayablesLegal EntityLegal Entity is a new addition to the Oracle E-Business Suite that enhances the ability to manage ones legal corporate structure and track data from the legal perspective.Multi-Org Access ControlMulti-Org Access Control enables uses to access multiple operating units data from single responsibility. New User Interface for Supplier Entry and MaintenanceNew User interface for the Supplier entrySupplier Bank AccountsEnhancements to the setup of supplier bank accounts Introduction of Invoice LinesOracle Payables incorporates Invoice Lines into the invoice model. Adding Invoice Lines is a key architectural change, which enables Oracle Payables to better model the paper or electronic business document yet maintain key features that exist at the invoice distributions level.

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Oracle PayablesEnhanced Invoice Approval Includes Line Level ApprovalWith the introduction of Invoice Lines, users are able to further extend their approval policy granularity in Oracle Approvals Management for individual lines of an invoice.Non PO Invoices Entered via iSupplier PortalInvoices entered by Suppliers where a purchase order has not been obtained are represented as Invoice Requests. Invoice Requests are visible in Oracle Payables but are not paid or accounted until the invoice can be verified and approved.Collaboration with Suppliers to Resolve DisputesLeveraging workflow notification, disputes are communicated and negotiations can be suggested to the Supplier. Suppliers are able to accept the suggested changes, withdraw their invoice, or submit their counter proposal.

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Oracle PayablesEnhancements to Payment Banks, Branches, and AccountsThe Bank Account is centrally defined, managed and securedPayment Process EnhancementsPayment processing is significantly enhanced with this release. Along with a new user interface, the management and visibility of the payment process are much more robust and easier to use.

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Oracle PaymentsAdvanced and Highly Configurable Formatting FrameworkOracle Payments offers a rich library of payment formats that support various types of payment files and messages. EFT disbursements, printed checks, ACH debits, bills receivable remittances, and credit card authorizations and settlements are all supported.Flexible Validation ModelOracle Payments provides an extensive library of payment validations that are associated with the supported payment formats. The payment validations are implemented using a flexible framework that allows a user to add new rules.Secure Payment Data RepositoryOracle Payments then stores all of the partys payment information and its payment instruments (such as credit cards and bank accounts). In release 11i, this information was held separately in different applications such as in the Oracle Purchasing supplier and the Oracle Payables bank account entities

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Oracle PaymentsFlexible Support for Various Business Payment ModelsOracle Payments supports the new Multi-Org Access Control componentthe dashboard pages provided for users to monitor and manage the payment processPayment Processing User Interfacenew user dashboard for managing the funds disbursement processEnhanced Check Printing ProcessThe check printing process has moved from Oracle Payables to Oracle Payments in R12 releaseMigration of Global Features to Central EngineIn previous releases, Oracle provided many payment features as country-specific Oracle Globalizations. These global features have been merged into standard payment processing features provided by Oracle Payments

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Oracle PaymentsConsolidation of Payment FormatsThe following payment industry standard formats are now supported for use by all products that integrate with Oracle Payments: EDIFACT PAYMUL, ANSI X12.0 820, and U.S. NACHA.Enhanced Payment Processing User InterfaceOracle Payments offers an enhanced user interface for managing the funds capture processgreater insight into rejections received from payment systems and into process failures such as communication errors.Reconciliation of funds capture transactions (such as credit card payments) is much easier with the new dashboard.

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Oracle iExpenseExpense AllocationsThis feature empowers end users to perform General Ledger (GL) accounting and/or Oracle Projects expense allocations, including splitting expenses.Flexible Setupable to define whether end users can update one, many, or all GL accounting segments. able to define different segment update rules for each chart of accounts, and at the set of books levelExpenses SplittingBased on system setup, end users are able to split expenses across multiple accounting segment values, for example across multiple cost centersGL Accounting Validations during EntryBased on setup, Internet Expenses ensures accounting code combinations are valid before expense reports are submitted for approval.

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Oracle iExpenseGlobal Per Diem and Mileagefeature provides enhancements to the existing solution, including the ability to automatically upload U.S. GSA Per Diem rates. This helps you to comply with various statutory rules that dictate how users should be reimbursedCash Advances ManagementEnd users can apply advances during expenses entry. In addition, users are able to search on payments informationBar CodingBased on setup, a bar code is generated and printed on the expense report confirmation page. When Payables personnel receive the receipts package, they can quickly scan the bar code to check in the receipts packageManager ApprovalsThe integration with Oracle Approvals Management (AME) has been further enhanced to support the expense allocations feature.

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Oracle iExpenseEnhanced User InterfaceThe Audit Expense Reports page has been redesigned with separate expense views relevant to the activities auditors perform.Audit AutomationThe already robust audit automation functionality is further enhanced for Payment Holds And Enhanced Audit RulesReceipts ManagementThese new features help to streamline the receipts management process - Enhanced Receipts Required, Receipts Tracking and Receipts MissingAttachmentsEnd users and auditors are able to attach documents such as imaged receipts to the entire expense report, or to individual expenses. Managers and auditors can access and review the attachments, which facilitates more efficient approvals.

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Oracle iExpenseTerms and Agreementsable to require end users to acknowledge that they have reviewed and agreed to the terms of your travel, entertainment, and reimbursement policies prior to submitting expense reportsExpense Report ExportA new user interface allows payables personnel to review the export results online and analyze them quickly