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Mastek — 22C Cloud Financials Advisory Webinar (July 2022)
44 slides from Mastek's conference presentation, Jul 6, 2022
Slide 1: 22C – Cloud Financials
LIVE 06/07/22 Advisory Webinar 22 C – Cloud Financials Empowering you for the next update Host: Hardik Patel Speaker: Pinank Shah AES Operations Manager Solution Architect Oracle's Global Featured in Gartner Partner of Year MQ for Oracle Cloud (2017, 2019) (2019, 2020)
Slide 2: Disclaimer
These advisory webinars are organized to equip you with the latest updates. The content of this session is based on the interpretation of the material and documentation that Oracle has released and is a general guideline/recommendation only. Disclaimer Oracle's Global Featured in Gartner Partner of
Slide 3: Agenda
AGENDA Our Approach to Oracle Update Our Analysis of Latest Release - New Features - Known Issues (If any) Closing - Q&A
Slide 4: How to read each Feature Summary?
How to read each Feature Summary? Evosys Feature Analysis Evosys Impact Study on New Feature for Your Business Potential Impact to users Introduced in latest for using new feature release by Oracle LOW: No large scale impact. Regression testing can be ignored. HIGH: Needs to be part of the regressio
Slide 5: Our Analysis of Latest Release: New Features
Our Analysis of Latest Release New Features
Slide 6: Evosys Analysis- Statistics
Evosys Analysis- Statistics New Features Analysis 12 10 10 10 8 25 6 5 Cloud Financials New 4 Features 2 0 Quick Win- Config No Quick Win- Opt Ins Not Quick Win
Slide 7: New Features: Quick Wins – Default with Configuration
New Features Quick Wins – Default with Configuration
Slide 8: 1. Common: Service Excellence Continuing Investments
1. Common: Service Excellence Continuing Investments Details: This based on monitoring performance trends, reviewing common use patterns, analyzing service requests, and participating in many discussions with customers. Impact Analysis Usability • Changes to the fiscal document pages to show the cor
Slide 9: 2. Common: Simplified Workflow Rules Configuration
2. Common: Simplified Workflow Rules Configuration Details: Use the Simplified Workflow Rules Configuration feature to create workflow rules using spreadsheets for Payables Invoice Approval and General Ledger Journal Approval workflows. Download the templates using the Manage Workflow Rules in Sprea
Slide 10: 3. Tax: Derivation of Tax Rates Based on UOM for Quantity-Based Taxes
3. Tax: Derivation of Tax Rates Based on UOM for Quantity-Based Taxes Details: This feature allows the tax calculation on transactions with a Unit of Measure different from the one used in in the tax rate definition for a quantity-based tax. Impact Analysis Use the transaction Unit of Measure to der
Slide 11: 4. General Ledger: Account Balances Search by Segment Value Description
4. General Ledger: Account Balances Search by Segment Value Description Details: Oracle has introduced an additional search criteria radio button to help you search by the segment value description when inquiring on account balances in the Inquire on Detail Balances page. This option is utilized by
Slide 12: 5. General Ledger: Efficiency Improvements for Posting Processes
5. General Ledger: Efficiency Improvements for General Ledger Posting Processes Details: The following General Ledger processes can now be run in parallel: • AutoPost Journals Impact Analysis • Manual Posting of Journals • AutoReverse Journals. Impact Level Low In addition, users can also run many i
Slide 13: 6. Lease Accounting: Lease Disclosure Summary Report
6. Lease Accounting: Lease Disclosure Summary Report Details: Use the Lease Disclosure Summary Report to summarize the following details: • Lease expenses Impact Analysis • Cash flows • Future lease payments Impact Level Med • Weighted average items • Lease details. Need to Enable No This report hel
Slide 14: 7. Payables: Form 1099-MISC and Form 1099-NEC for Tax Year 2022
7. Payables: Form 1099-MISC and Form 1099-NEC for Tax Year 2022 Details: Generate Form 1099-MISC and Form 1099-NEC for Tax Year 2022 according to the new layout published by the US Internal Revenue Service (IRS). Impact Analysis The following changes are made for tax year 2022: • Both forms are now
Slide 15: 8. Payables: Simplified Activation of Intelligent Document Recognition
8. Payables: Simplified Activation of Intelligent Document Recognition Details: Activate and view the activation status of Intelligent Document Recognition using the Manage Intelligent Document Recognition Options task. Impact Analysis You can see the activation status in the Status attribute on the
Slide 16: 9. Payments: Payment Approval Based on Payment Process Request Total Amount
9. Payments: Payment Approval Based on Payment Process Request Total Amount Details: This was a user submitted idea. Define payment approval workflow rules based on the total amount in a payment process request. Workflow administrators can route the payment process requests to multiple approvers bas
Slide 17: 10. Receivables: Portal Upload as a Delivery Method
10. Receivables: Portal Upload as a Delivery Method for Customer Transactions Details: Select the Portal Upload option as the preferred delivery method in a customer profile, instead of Print, Email or XML, for transactions uploaded to a supplier portal or external system. The transactions Impact An
Slide 18: New Features: Quick wins - Opt Ins
New Features Quick wins - Opt Ins
Slide 19: 1. Lease Accounting: Lease Milestone Tracking
1. Lease Accounting: Lease Milestone Tracking Details: Capture and track important lease-related milestones. Many decisions and events need tracking throughout the lifecycle of the lease, such as providing documents, early termination Impact Analysis options, renewal options, terminations, and more.
Slide 20: 2. Lease Accounting: Lease Termination Import
2. Lease Accounting: Lease Termination Import Details: This was a user submitted idea. Use the Lease Termination Import utility to simplify end-of-lease activities such as exercising or canceling options and terminating leases. As leases move through their Impact Analysis lifecycle and come to the e
Slide 21: 3. Lease Accounting: Lease Rights and Obligations
3. Lease Accounting: Lease Rights and Obligations Details: Capture lease-related rights and obligations. There are many terms and conditions on a lease, and the lease administrator needs to know the rights and obligations. Rights are entitlements granted Impact Analysis by the lessor to the lessee.
Slide 22: 4. Expenses: Tax Recoverability Determination for Expense Payment Requests
4. Expenses: Tax Recoverability Determination for Expense Payment Requests Details: Determine the tax recoverability of payment requests based on the expense type, expense location and employee legal entity location. This provides additional flexibility in managing tax recoverability of expenses wit
Slide 23: 4. Expenses: Tax Recoverability Determination for Expense Payment Requests
4. Expenses: Tax Recoverability Determination for Expense Payment Requests Oracle Tax enables the setup of tax product categories using the Manage Product-Based Fiscal Classifications page. Oracle Tax enables the configuration of rules for payment requests- such as Tax Applicability, Tax Rate Impact
Slide 24: 5. Expenses: Notification and Expense Report Enhancements for Cash Advances
5. Expenses: Notification and Expense Report Enhancements for Manually Applied Cash Advances Details: View cash advance details in the expense report reimbursement notifications where cash advances are manually applied against expense reports. Additionally, view the details of the manually applied c
Slide 25: 5. Expenses: Notification and Expense Report Enhancements for Cash Advances
5. Expenses: Notification and Expense Report Enhancements for Manually Applied Cash Advances Tips and Considerations: • If approvers or auditors reject expense reports or if employees withdraw any reports, then the cash Impact Analysis advances that are applied to the reports are automatically remov
Slide 26: New Features
a orale labal | Featured in Garter Partner of Year | MQ for Oracle Cloud Eves Nesys (2015 2029)
Slide 27: 1. Tax: Exclusion of Documents from Tax Calculation by Partner
1. Tax: Exclusion of Documents from Tax Calculation by Partner Details: Exclude Payables invoices that result in no taxes calculated by tax partners from the tax partner transaction data extract. This helps improve process performance and reduce payload and processing costs by avoiding unnecessary c
Slide 28: 2. Tax: Product Fiscal Classification Defaulting from Purchase Category
2. Tax: Product Fiscal Classification Defaulting from Purchase Category Details: Populate by default the Purchase Category code specified on the transaction line to the Product Fiscal Classification field when the Purchase Category Set matches the Primary Inventory Category Set defined in the Manage
Slide 29: 3. Tax: Input Tax Rate Code Association for Payables Intercompany Invoices
3. Tax: Input Tax Rate Code Association for Payables Intercompany Invoices Details: Set up an input tax rate code that corresponds to an output tax rate code. On the Payables intercompany invoice, the tax engine will then use the input tax rate code associated with the output tax rate code on the Re
Slide 30: 3. Tax: Input Tax Rate Code Association for Payables Intercompany Invoices
3. Tax: Input Tax Rate Code Association for Payables Intercompany Invoices Tips and Consideration: • The input tax rate code association is only applicable to intercompany Payables invoices and not for any other transactions. Impact Analysis • If the Input Tax Rate Code field has a value, it will be
Slide 31: 4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets
4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests Details: Budgetary control validation has been added to payment processing requests. Invoices are Impact Analysis paid only when there are available funds in the cash control budget. Budgetary c
Slide 32: 4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets
4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests Resolve Payment Validation Errors: See details of the budgetary control validation failure by clicking Impact Analysis on the funds status to open the View Funds Results page. On the Resolve Pay
Slide 33: 4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets
4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests Funding the Cash Control Budget: The cash control budget can also be impacted by journal entries. Impact Analysis When the cash accounts defined in the Edit Budgetary Control page, Accounts in J
Slide 34: 4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets
4. Control Budget: Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests Steps to enable: Impact Analysis • Budgetary Control Setup: • Enable cash controls on the Manage Budgetary Control and Encumbrance page. When you enable Impact Level High cash controls for a led
Slide 35: 5. Expenses: Expense Allocation Line-Level Split with Multiple Selections
5. Expenses: Expense Allocation Line-Level Split with Multiple Selections Details: This was a user submitted idea. Allocate specific percentages or amounts to a project or expense account at line level during expense report entry. The application allows for selecting one or more lines to specify spl
Slide 36: 6. Expenses: Expense Item Creation from Personal Email Receipts
6. Expenses: Expense Item Creation from Receipts Emailed from Personal Email Address Details: Allow employees to send expense receipts from personal email addresses to create expenses. This enables the Expenses application to recognize receipts forwarded from personal addresses as valid expenses and
Slide 37: 7. Expenses: MasterCard Adjustment Code Exclusion
7. Expenses: MasterCard Adjustment Code Exclusion Details: This was a user submitted idea. Exclude specific adjustment codes that indicate payments from MasterCard transaction files. This will help prevent overpayment to card issuers. Impact Analysis To specify the adjustment codes to exclude from t
Slide 38: 8. Expenses: Reimbursable Currencies in Expense Reports by Business Unit
8. Expenses: Reimbursable Currencies in Expense Reports by Business Unit Details: This was a user submitted idea. Configure reimbursable currencies available for selection in expense reports by business unit based on local and regional regulations. This allows companies to limit the reimbursable cur
Slide 39: 9. Payables: Conversion of Emails Into Attachments Using IDR
9. Payables: Conversion of Emails Into Attachments for Supplier Invoices Using IDR Details: Convert supplier invoice emails as invoice attachments using Intelligent Document Recognition. The email’s attachments are removed in this process but the content in the email body is preserved. Impact Analys
Slide 40: 9. Payables: Conversion of Emails Into Attachments Using IDR
9. Payables: Conversion of Emails Into Attachments for Supplier Invoices Using IDR Steps to Enable: To enable this feature, you need to log a Service Request (SR). • Log an SR if you are interested in the feature Impact Analysis • Support will review if this feature can be enabled for your pod. They
Slide 41: 10. Collections: Attachment Category Enhancement in Dispute Creation
10. Collections: Attachment Category Enhancement in Dispute Creation Details: Select from the complete list of attachment categories when adding attachments to a dispute against a customer transaction. Impact Analysis When creating a dispute against a transaction using the Manage Disputes page, the
Slide 42: Closing
a orale labal | Featured in Garter ParnerofYear | MQ for Oracle Cloud orn) Eves
Slide 43: Closing Note
Closing Note 1. What happens next? 1. Presentation 2. Session Recording 2. Feedback Form 3. Speak with your Project Manager or [email protected] 1. for additional services around quarterly updates 2. Learn more about Innovation 4. Next Sessions ?
Slide 44: Evosys is here to help you!
EVOSYS is here to help you! It is always best to clear your doubts Thank You! Contact Us +44 2080043670 www.evosysglobal.com [email protected]
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