Spotlight on

R13 (update 18A)

FINANCIALS CLOUD

Holly Roland, VP, Product Management

Oracle
Script Visual

Hi, I’m Holly Roland, VP of Product 2

Management. Today I will cover some

of the highlights from Oracle Financials
Cloud Update 18A.

3
In this Spotlight presentation, I’ll focus
on a new feature we call Automated
Accounting.

Before I go into the specifics of

automated accounting, I’ll set the stage
with the broader context for our overall
directions with Oracle Financials Cloud.

In business operations, the activities that 4

lead to sales, shipments and deliveries,
revenue and so on are recorded and
tracked in various subledgers and other
source systems. In most companies, the
information in those systems changes
every minute of every day.
Script Visual

However, the finance and accounting 5

department generally captures

operational activities only once or twice a
week.

This means that the financial impact of

operations is not understood until several
days later at best.

This creates a problem: The gap between

operations and business insight means
6
that the line of business owners can’t
make effective decisions based on
information about how the business is
operating today.

In considering this issue, we are 7

improving daily accounting activities to
enable daily business insight.

Streamlined Reporting was delivered in

Update 17D. Automated Accounting is
available in Update 18A.

8
Many companies struggle with some
common challenges that hinder their
ability to provide timely insight to
stakeholders.

First, today, there are too many separate

processes required to get financial
information:

Create Accounting, Batch Transfer, Journal

Import, and Posting.
Script Visual

Second, customers have to manually run 9

these processes every time.

10
Finally, what happens if there is a
problem?

When there is a problem, someone has

to: First, recognize that there’s a problem,
figure out what the problem is, find
the right person to help to resolve the
issue, then resubmit the correct process
manually.

11
With Update 18A we introduce a single
process that automatically captures
transactions, creates accounting, and
posts journals to the General Ledger
every day.

12
First, the system gathers reference
information needed for transactions; for
example, exchange rate data.
Script Visual

Then, a single process to collect 13

transactions, create accounting and post

journals runs automatically every day.

14
Finally, the system monitors the process
and data for 336 different types of errors.
If an error is discovered, the system will
route the error to the appropriate person
in your organization. Once an error is
resolved, the process to post journals
resumes automatically.

Sometimes when we’re discussing this

feature, people bring up concerns around
performance.

We recently conducted tests of key

business processes, with excellent
results.

Oracle Financials creates accounting 15

and posts journal lines at the rate of 363

million journal lines per hour.
We recently published an info paper on
this topic. It’s available on the Oracle
website.
Script Visual

So in conclusion, we’re striving to bridge 16

the gap between operations and insight

by enhancing our solution.

The first two initiatives include 17

Automated Accounting and Streamlined

Reporting. These capabilities work in
tandem to deliver near real-time insight
into financial results and fast and easy
access to reporting and analysis.

For more information on Oracle Financials 18

Cloud please visit cloud.oracle.com and
these other resources.

Thank you for your time!

19
Script Visual

20

21