R12.1.X New Features Part2

Oracle General Ledger:

Single Page for all accounting setup with Accounting Setup Manager.
Prevent Accounting errors with Alternate accounts
Replacement for Disabled Accounts
Prevent unauthorized posting with Control Accounts
Simplify security and Data Access and Definition Access sets.
Sequential numbering of accounting entries
Journal line reconciliation-Journal Batch Copy
Historical Data initialization for new reporting currencies and secondary ledgers.

Oracle Payables:

Pay on behalf of a different party with 3rd party payments
Greater flexibility in defining and calculating discounts for quick payments.
Application of withholding taxes at time of invoice validation and during payment
Improved resolution for dispute processing with suppliers.
Imporve invoice data entry and management with line level entry, approval, matching and tax calculation.
Automated netting of Customer and Supplier balance
Self-Service invoivce allows employees and suppliers to enter various invoice type online.
New interface and data model for supplier managment in TCA.

Oracle Receivables:

Streamlined receipt porcessing with cash application work queue.
Enhanced performance for high volume receivables processing.
Synchronize Cost of Goods Sold(COGS) with Revenue.
Increased efficiency with line level cash application.
Improved billing communcation with balance forward billing.
Create standard late charge polices that can be assigned to customer accounts or account sites.

Oracle Advanced Collections

Assign bankruptcy status at the customer level
Effectively manage later stage delinquency status assignment at case and contract level.
Internal only comment visibility for dispute processing.
Streamline system setup and operational maintenance with implementation checklist.
Consolidation of collections features provides collections workbench
Improved ability to collect with enhanced dispute management.

Oracle Assets

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