Also read : Technical Differences
Also read : Functional Differences
R12 is the latest version of the E-Business Suite and defined as Global Business Release Focusing on working, thinking and managing Global Organization.
Advancements:
- A single responsibility to access and transact on multiple organizations.
- A single ledger to manage multiple currencies.
- Ledger sets to manage accounting processes across ledgers.
- Centralized rules engines for tax, accounting and inter company.
- A separate and simple payment creation and delivery solution.
- Centralized trading partners (suppliers, banks, first party legal entities).
- Simplified reporting via XML Publisher.
- Netting across trading partners.
Main Changes in Oracle Release 12:
- Multiple Ledgers- From Set of Books to Ledgers and Ledger Sets.
- Legal Entities and Accounting Setup.
- From Product Accounting to Sub ledger Accounting. (SLA)
- Shared Service Access Controls - From Multi-Org to Multi-Access-MOAC (Multi Org Access Control) - Role based access to Operating Unit.
- Oracle Payments and Banking - Centralized Bank Model- Centralized Payment Processing (Shared Services Disbursements and Receipts)
- from Multi-Tax Codes to E-Business Tax (EB Tax).
- Intercompany using Advanced Global Intercompany (AGIS).
