payable new features

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payable new features..

High level changes Between R11 and R12....(my memory is poor w.r.t R11)
1. Major revamp in Payment batch processing (Funds disbursement activities)
2. Centralised Bank Model - Owner of Bank creation is now Cash Management and Role based access to create Banks
3. Tax module is centralized.
4. Oracle Subledger Accounting module takes care of the accounting for all the subledgers
5. Multiple Organization Access Control feature (applicable to other modules as well)
6. New trial balance report and few other XML based reports

Between R12 and Fusion
====================
1. Role based access - Responsibilties and menus are removed and access is given based on the role. There are few seeded roles and we can also create custom roles (Applicable to all modules. In Fusion, the name module is changed to "Offering"...It is now called as Payables Cloud, Receivables Cloud, Expense Cloud, etc)
2. Invoice Image processing - Invoices can be scanned and the scanned file is sent to a mail id (provided by Oracle). As soon as the file is received in the mail id, Oracle reads the data in the file and invoice is created (I have not used this feature, yet to see how it works in reality)
3. Cross-currency payments - Invoice currency and Payment currency can be different. i.e payment can be done in a different currency other than invoice currency
4. Cross BU Payment (Operating Unit is termed as Business Unit) - Invoice BU and Payment BU can be different (Both OUs should be under one ledger).
5. Complex withholding tax configuration using Tax Cloud. (Withholding configuration can be done either in payables cloud (for simpler ones) or in Tax cloud (for complex requirements)
6. All expense reports should be entered in Expense cloud and then imported into Payables Cloud. We can NOT enter expense reports directly in payables cloud.
7. Rapid Implementation feature - Important setups can be extracted easily from one environment as excel file and then imported into another environment (There are few restrictions also)
8. There is a change in approval setup.