Oracle Fusion Accounting Hub Reporting Cloud Service. What s New in Release 9

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1 Oracle Fusion Accounting Hub Reporting Cloud Service What s New in Release 9 15 September 2014

2 TABLE OF CONTENTS TABLE OF CONTENTS... 2 OVERVIEW... 3 WHAT S NEW... 3 GIVE US FEEDBACK... 3 RELEASE FEATURE SUMMARY... 3 ORACLE FUSION ACCOUNTING HUB REPORTING CLOUD SERVICE... 4 PRE-BUILT INTEGRATION BETWEEN FUSION ACCOUNTING HUB CLOUD SERVICE AND R12 E-BUSINESS SUITE... 4 SIMPLIFIED USER INTERFACE FOR MOBILE FINANCIAL REPORTING CENTER

3 OVERVIEW WHAT S NEW Beginning in Release 8 this What s New document applies to the Applications Cloud. This document is written for functional users and administrators, who are responsible for cloud applications in their organizations. Oracle Support regularly upgrades its Applications Cloud customers to the latest release. For customers to understand the latest release, they need to know what has changed and how to enable the new features. This guide outlines the information you need to know about new or improved functionality in Oracle Fusion Accounting Hub Reporting Cloud Service Release 9. Each section includes a brief description of the feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you should keep in mind, and the resources available to help you. GIVE US FEEDBACK We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com. RELEASE FEATURE SUMMARY Some of the new Release 9 features are automatically visible to users after the upgrade and some require action from the user, the company administrator, or Oracle. The table below offers a quick view of the actions required to enable each of the Release x features. Action Required to Enable Feature Feature Automatically Available End User Action Required Administrator Action Required Oracle Service Request Required Oracle Fusion Accounting Hub Reporting Cloud Service Pre-built integration between Fusion Accounting Hub Reporting Cloud Service and R12 E-Business Suite Simplified User Interface for Mobile Financial Reporting Center. 3

4 ORACLE FUSION ACCOUNTING HUB REPORTING CLOUD SERVICE Oracle Fusion Accounting Hub Reporting Cloud Service (FAH Reporting Cloud Service) provides Oracle R12 E-Business Suite customers with exceptional reporting and analytics on top of their existing general ledger systems. PRE-BUILT INTEGRATION BETWEEN FUSION ACCOUNTING HUB CLOUD SERVICE AND R12 E- BUSINESS SUITE The pre-built integration between the two systems allows Oracle R12 E-Business Suite customers to gain real-time access to information and improve business decisions with no disruption to their current financial processes. Oracle R12 E-Business Suite customers can continue to use their current financial processes for day-to-day operational accounting, and then use FAH Reporting Cloud Service for their corporate reporting and analysis. The tight integration continuously streams balances from Oracle R12 E-Business Suite general ledgers to the FAH Reporting Cloud Service, ensuring reports are always based on the latest numbers with complete drilldown support to the E-Business Suite detail balances, journal lines and subledger transactions.. 4

5 Setup data from Oracle R12 E-Business Suite is automatically synchronized with FAH Reporting Cloud Service, eliminating the need for customers to perform additional setup, configuration, or costly integrations. And because it is available on the Cloud, Oracle R12 E-Business Suite customers can eliminate expensive hardware, system management, and IT costs. STEPS TO ENABLE 1. Sign up for Fusion Accounting Hub Reporting Cloud Service at cloud.us.oracle.com 2. You receive details of environment URL, username and password. 3. Download E-Business Suite patch and apply to test environment. 4. From E-Business Suite, complete one step configuration to set up Fusion Accounting Hub Reporting Cloud Service. This new setup page is included in the E-Business Suite patch :R12.GL.B 5. Specify the top revenue account, top cost of sales account (if applicable), and top operating expenses account on the setup page. All the other setup data are automatically synchronized from Oracle R12 E-Business Suite to FAH Reporting Cloud Service. 6. You will receive an with links to auto-generated Oracle Fusion Financials reports that include income statement and trial balance reports, so you can immediately view reports of your data in Fusion Accounting Hub Cloud. TIPS AND CONSIDERATIONS Default setting for streaming balances is every 2 hours, and you can configure it in the parameter for Transfer Balances to Fusion Accounting Hub Reporting Cloud Service process. After receiving the default username, you can set up additional users and security in FAH Reporting Cloud Service.. 5

6 You can define additional hierarchies and additional financial reports as you need. The FAH Reporting Cloud Service does not support streaming multiple E-Business Suite instances even if they share the same chart of accounts. It only supports a single E-Business Suite instance to one Cloud Service. Oracle's best practice is to follow this migration strategy: 1. Stream your E-Business Suite test environment to your FAH Reporting Cloud Service test environment. After this you should validate that balances and setup data are as expected. Review the automatically generated reports and make any changes, create any additional reports that may be needed, create any desired Account Groups in order to use the Account Monitor feature, test Smart View reporting, and test any data security (if required). 2. Contact Oracle Support to reset the FAH Reporting Cloud Service test environment. 3. Stream your E-Business Suite production environment to your FAH Reporting Cloud Service test environment. At this point we would recommend performing user acceptance testing and user training, testing of all reports, tying out balances, and creating any data security that is required. 4. Stream your E-Business Suite production environment to your FAH Reporting Cloud Service production environment. KEY RESOURCES Refer to the following Release Training for Oracle Applications Release 9: Oracle Fusion Accounting Hub Reporting Cloud Service.. 6

7 SIMPLIFIED USER INTERFACE FOR MOBILE FINANCIAL REPORTING CENTER You now gain real-time visibility to financial reports and can actively perform account monitoring anytime and anywhere with the tablet-optimized Mobile Financial Reporting Center. This feature delivers mobile support, making it easier for you to access information from your tablet or desktop. Your executives, managers, controllers, accountants, and analysts can quickly access all financial results. The Mobile Financial Reporting Center leverages the Essbase cube to support multidimensional analysis and reporting capabilities. This feature is integrated with Oracle Social Network which allows you to open up communications and promotes teamwork during the financial reporting review process.. 7

8 Additionally, the new Sunburst visualization tool allows you to interact with your account balances across various business dimensions to view balances from different perspectives. For example, you can view quarterly regional sales and identify sales trends that are visually represented by size and color to indicate whether that region's sales increased or decreased over the quarter.. 8

9 KEY RESOURCES Refer to the following Release Training for Oracle Applications Release 9: Oracle Fusion General Ledger Enhancements: Simplified User Interface for Mobile Financial Reporting Center. 9

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