Mastek Limited · NSE:MASTEK
Mastek — Technical Presentation (February 2022)
35 slides from Mastek's technical presentation, Feb 8, 2022
Slide 1: 22 A – Cloud Financials
LIVE 08/02/22 Advisory Webinar 22 A – Cloud Financials Empowering you for the next update Host: Hardik Patel Speakers: Komal Anand 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. For the release 22A expected in Feb-22, we have noticed th
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 16 15 14 12 22 10 8 6 Cloud Financials New 5 Features 4 2 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. General Ledger: Chart of Accounts Mapping Segment Rules using FBDI
1. General Ledger: Chart of Accounts Mapping Segment Rules using FBDI Details: Create and update chart of accounts mapping segment rules using a file-based data import template. This facilitates the creation and maintenance of a large number of segment mapping rules between primary and secondary led
Slide 9: 2. General Ledger: Creation and Maintenance of Cross Validation Rules using FBDI
2. General Ledger: Creation and Maintenance of Cross Validation Rules using FBDI Details: Manage cross-validation rules for your chart of accounts using file-based data import (FBDI). FBDI is an efficient way to manage cross-validation rules from external sources. You can download the template from
Slide 10: 3. Intercompany: Credit Memo for Negative Intercompany Transactions
3. Intercompany : Credit Memo for Negative Intercompany Transactions Details: Create credit memos in Receivables and Payables for negative Intercompany transactions using ADF Desktop Integrator (ADFdi), File-Based Data Import (FBDI), Intercompany import processes and Transaction Account Definition (
Slide 11: 4. Budgetary Control: Create Private Budget Account Groups
4. Budgetary Control : Create Private Budget Account Groups Details: Use the Budget Account Group page to create budget account groups to view budget accounts and balances that cannot be viewed by others. Create a budget account group that you can use and share with your organization. Use private bu
Slide 12: 5. Budgetary Control: Budget Monitor Display of Accounts
5. Budgetary Control : Budget Monitor Display of Accounts Details: Budget accounts without budget or consumption balances are not displayed as you drill down in the Budget Monitor. Focus is on the budget accounts with budget balances or consumption balances. Budget accounts without Impact Analysis b
Slide 13: 6. Budgetary Control: Review Balances Page Personalization
6. Budgetary Control : Review Budgetary Control Balances Page Personalization Details: Use personalization to add or remove fields from the Review Budgetary Control Balances page default display. Customize your view or your organization’s view of the Review Budgetary Control Balances page to create
Slide 14: 7. Expenses: Access to digest notification for Expense Delegates
7. Expenses: Access to digest notification for Expense Delegates Details: Send expense digest notifications to delegates to allow them to fix expense items requiring expense owner attention. Expense delegates receive a digest notification for each employee they are a delegate for. The Impact Analysi
Slide 15: 8. Expenses: Display of Fields by Expense Type in Mobile Application
8. Expenses: Display of Fields by Expense Type in Oracle Expenses Mobile Application Details: Simplify expense entry in the Expenses mobile application by only enabling the applicable fields for each expense type. The Description, Merchant, Expense Location, and Number of Days Impact Analysis fields
Slide 16: 9. Payables: Automatic Notifications to Suppliers For Rejected Electronic Invoices
9. Payables : Automatic Notifications to Suppliers For Rejected Electronic Invoices Details: Inform suppliers about rejected electronic invoices by sending back electronic responses using industry- standard XML. Suppliers who have the capability to process electronic responses can view the rejection
Slide 17: 10. Workflow: Simplified workflow rules configuration
10. Workflow: Simplified workflow rules configuration Details: This feature uses to create workflow rules for Payables Invoice Approval and General Ledger Journal Approval workflows using spreadsheets. It was introduced in update 18C. In update 22A, you can define rules to send FYI notifications to
Slide 18: 11. Receivables: Application of Unidentified Receipts On Review Receipt Page
11. Receivables : Application of Unidentified Receipts On Review Receipt Page Details: Improve the application of unidentified receipts to transactions on the Edit Receipt page. By default, when a receipt does not contain customer information, the Add Open Receivables button is enabled and the Add A
Slide 19: 12. Advanced Collections: Collections Datapoint for Total Receivables Balance
12. Advanced Collections : Collections Datapoint for Total Receivables Balance Details: Provide the data point Total Receivables Balance at customer, account, and site levels. Use the Edit Scoring Data Point page to open and review the Total Receivables Balance data point for a customer, customer ac
Slide 20: 13. Advanced Collections: Start and End Time Display of Strategies and Tasks
13. Advanced Collections : Start and End Time Display of Collections Strategies and Tasks Details: Include a time stamp in the start and end time display in the Strategy Tasks infotile in the Collections work area. The more detailed start and end times of collections strategies and strategy tasks pr
Slide 21: 14. Collaboration Messaging Framework: Manage Customer Collaboration Framework
14. Collaboration Messaging Framework : Manage Customer Collaboration Framework Details: Set up this message definition as an inbound collaboration message for a trading partner and then associate the trading partner and Order Forecast- Inbound document with a customer using Impact Analysis the Mana
Slide 22: 15. General Ledger: Historical Rates entry using FBDI
15. General Ledger: Historical Rates entry using FBDI Details: Users can now create, update or delete historical rates for multiple ledgers at once using a standard File Based Data Import template. Use the Historical Rates Import file-based data (FBDI) template to import historical rates from extern
Slide 23: New Features: Quick wins - Opt Ins
New Features Quick wins - Opt Ins
Slide 24: 1. Budgetary Control: Budget Balances Synchronization from Budget Transfers
1. Budgetary Control : Budget Balances Synchronization from Budget Transfers Details: Enter budget transfers in the Review Budgetary Control Balances page and synchronize budget balances for both Budgetary Control validation and General Ledger query and reporting. You can transfer budget and then si
Slide 25: 2. Expenses: Receipt Attachment post Expense Report Approval
2. Expenses: Receipt Attachment post Expense Report Approval Details: Allow employees to attach receipts and supporting documents to an approved expense report, even after expenses are paid. This helps employees comply with government regulations about providing adequate proof of employee expenses.
Slide 26: 3. Lease Accounting: Index- Based rent increases
3. Lease Accounting: Index- Based rent increases Impact Analysis Details: Capture a rent increase index and automatically modify the rent as the index increases or decreases. Impact Level High The lease terms and conditions often include an automatic change of the payment amounts based on an index.
Slide 27: 3. Lease Accounting: Index- Based rent increases
3. Lease Accounting: Index- Based rent increases Impact Analysis Impact Level High Need to Enable Yes Configuration No Quick Win Yes Business Benefit: •Automated payment increases based on terms and conditions of the lease. •Support for both IFRS16 and ASC842 accounting for index-based payment chang
Slide 28: 4. Lease Accounting: Lease Approval Workflows
4. Lease Accounting: Lease Approval Workflows Details: Submit draft lease activation, lease amendment, and lease termination transactions to lease administration and accounting for review and approval before they become transactions. Both IFRS16 and ASC842 require that the corporate balance sheet in
Slide 29: 5. Lease Accounting: Miscellaneous Lease Payments
5. Lease Accounting: Miscellaneous Lease Payments Details: Pay for miscellaneous lease-related expenses. Lessees often receive charges in addition to the regular period rent charges. Cleaning fees or fees to decorate the lobby for holidays are examples of miscellaneous lease expenses. The lease admi
Slide 30: New Features
a orale labal | Featured in Garter Partner of Year | MQ for Oracle Cloud Eves Nesys (2015 2029)
Slide 31: 1. Payables: Invoice Requestor recognized from Invoice Document
1. Payables : Invoice Requestor recognized from Invoice Document Details: Recognize and extract the invoice requester from the invoice document. This eliminates the need to manually enter the requester details. Impact Analysis The invoice requester is recognized from the invoice document by identify
Slide 32: 2. Advanced Collections: Credit related attributes on Collections Pages
2. Advanced Collections : Credit related attributes on Collections Pages Details: Display credit-related information, such as a customer credit limit and credit rating, in the Collections pages to improve collections efficiency. The Collections Customer Profile page includes the following credit inf
Slide 33: Closing
a orale labal | Featured in Garter ParnerofYear | MQ for Oracle Cloud orn) Eves
Slide 34: 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 35: Evosys is here to help you!
EVOSYS is here to help you! It is always best to clear your doubts Thank You! Contact Us www.evosysglobal.com [email protected]