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Posts Tagged ‘Oracle Financials R12’

By Jose F. Bastidas

Oracle customers around the globe eagerly awaited the release of Oracle E-Business Suite Release
12 for several years. Oracle R12 was touted as being a truly globalized release.  Since Oracle R12 became publically available on January 31,2007 many customers have migrated to a full Oracle R12 environment by upgrading, implementing (or re-implementing). As an Oracle Financial Consultant for more than 10 years, my opinion is that Oracle R12 finally addresses some fundamental financial weaknesses from prior versions.  Across our customer base and the projects I’ve worked on, the most well received features and functions in Oracle EBS R12 Financials are related to new centralized functions to manage Ledgers and Legal Entities, Sub ledger Accounting, Taxes, Intercompany, and AR/AP Netting functionality. Read the rest of this entry »