Mastek Limited · NSE:MASTEK
Mastek — Technical Presentation (May 2022)
43 slides from Mastek's technical presentation, May 4, 2022
Slide 1: 22B – Cloud Financials
LIVE 04/05/22 Advisory Webinar 22 B – Cloud Financials Empowering you for the next update Host: Hardik Patel Speaker: Dhruv Patva AES Operations Manager Solution Architect Oracle's Global Featured in Gartner Partner of Year MQ for Oracle Cloud (2017, 2019) (2019, 2020)
Slide 2: Disclaimer
These advisory webinars are organized to equip you with the latest updates. The content of this session is based on the interpretation of the material and documentation that Oracle has released and is a general guideline/recommendation only. Disclaimer Oracle's Global Featured in Gartner Partner of
Slide 3: Agenda
AGENDA Our Approach to Oracle Update Our Analysis of Latest Release - New Features - Known Issues (If any) Closing - Q&A
Slide 4: How to read each Feature Summary?
How to read each Feature Summary? Evosys Feature Analysis Evosys Impact Study on New Feature for Your Business Potential Impact to users Introduced in latest for using new feature release by Oracle LOW: No large scale impact. Regression testing can be ignored. HIGH: Needs to be part of the regressio
Slide 5: Our Analysis of Latest Release: New Features
Our Analysis of Latest Release New Features
Slide 6: Evosys Analysis- Statistics
Evosys Analysis- Statistics New Features Analysis 18 17 16 14 12 27 10 8 7 Cloud Financials New 6 Features 4 3 2 0 Quick Win- Config No Quick Win- Opt Ins Not Quick Win
Slide 7: New Features: Quick Wins – Default with Configuration
New Features Quick Wins – Default with Configuration
Slide 8: 1. Common: Service Excellence Continuing Investments
1. Common: Service Excellence Continuing Investments Details: This based on monitoring performance trends, reviewing common use patterns, analyzing service requests, and participating in many discussions with customers. Impact Analysis Usability •Convert the quantity-based tax on invoices to the inv
Slide 9: 2. Common: Simplified Workflow Rules Configuration
2. Common: Simplified Workflow Rules Configuration Details: Use the Simplified Workflow Rules Configuration feature to create workflow rules using spreadsheets for Payables Invoice Approval and General Ledger Journal Approval workflows. Download the templates using the Manage Workflow Rules in Sprea
Slide 10: 3. General Ledger: Account Details Report Data Model Changes
3. General Ledger : General Ledger Account Details Report Data Model Changes Details: The data model for the General Ledger Account Details report is enhanced to include additional columns. The new additional columns provide more information about the periodic journal activity for each general ledge
Slide 11: 4. General Ledger: Journals Report Data Model Changes
4. General Ledger : Journals Report Data Model Changes Details: The data model for the Journals report is enhanced to include additional columns. View more information about your batches, journals, and journal lines when you export the report to the CSV format. Impact Analysis Impact Level High Need
Slide 12: 5. Expenses: Expense Allocation To Projects and Accounts
5. Expenses: Expense Allocation To Projects and Accounts By Amount at Expense Report Level Details: Allocate specific amounts to a project or expense account during expense report entry. The Impact Analysis application calculates the percentage of allocation to the project or account using the amoun
Slide 13: 6. Expenses: Expense Approval Routing Using Accounting Segments
6. Expenses: Expense Approval Routing Using Accounting Segments Details: Configure expense approval rules using accounting segments. This enables companies to route expense reports to account owners for approval, thereby providing visibility into expenses Impact Analysis charged to their accounts. A
Slide 14: 7. Expenses: Manual Submission Using Digital Assistant
7. Expenses: Manual Submission Of All Expenses Using Digital Assistant Details: Enable employees to submit all expenses from the digital assistant, including corporate card charges and cash expenses created from the Expenses web application. Impact Analysis Expenses that require more information, co
Slide 15: 8. Expenses: PDF Attachments In Mobile Application
8. Expenses: PDF Attachments In Expenses Mobile Application Details: Enable employees to select PDF documents as attachments to their expenses. Search for and select PDF files that exist on the device. Impact Analysis When creating expenses from the mobile application, employees can browse through t
Slide 16: 9. Budgetary Control Analysis Report Enhancements
9. Budgetary Control : Budgetary Control Analysis Report Enhancements Details: Use the Budgetary Control Analysis Report to display budget transactions that update budget balances for control budgets with a control level of None as budget balance activities. Impact Analysis The Budget Entry Classifi
Slide 17: 10. Carry Forward Open Purchase Orders
10. Budgetary Control : Carry Forward Open Purchase Orders for Budgetary Control Sponsored Projects Details: Use the Carry Forward Open Purchase Orders process to move purchase orders associated with budgetary controlled sponsored projects from one budget year to another. The process automatically I
Slide 18: 11. OTBI Drilldown to Review Budgetary Control Transactions
11. Budgetary Control : OTBI Drilldown to Review Budgetary Control Transactions Details: Drill down from Oracle Transactional Business Intelligence (OTBI) to the Review Budgetary Control Transactions page. Add an action link on a column, such as control budget account, to enable the drilldown using
Slide 19: 12. Payables: Legal Entity Recognition For Non-PO Invoices
12. Payables : Legal Entity Recognition From Invoice Document For Non-PO Invoices Details: Use Intelligent Document Recognition to recognize the legal entity on the invoice image through key elements such as the bill-to location and the legal entity registration number. This helps in accurate tax Im
Slide 20: 12. Payables: Legal Entity Recognition For Non-PO Invoices
12. Payables : Legal Entity Recognition From Invoice Document For Non-PO Invoices Deriving the Default Legal Entity Based on Invoice Type Impact Analysis 1.Unmatched invoices: • Legal entity is recognized from the invoice document. Impact Level Low • If it’s not recognized for the invoice document,
Slide 21: 13. Payables: Adaptive Learning For Invoice Lines
13. Payables : Adaptive Learning For Invoice Lines Using Intelligent Document Recognition Details: Use the interactive invoice viewer to correct line information for invoices processed using Impact Analysis Intelligent Document Recognition (IDR). IDR uses adaptive learning to improve line recognitio
Slide 22: 14. Payables: Adaptive Learning For Routing Attributes
14. Payables : Adaptive Learning For Routing Attributes Using Intelligent Document Recognition Details: Use the interactive invoice viewer to identify information that you want to recognize for Routing Attribute 2, 3 and 4 on the supplier invoice. Adaptive learning uses this information to recognize
Slide 23: 15. Payables: Recognition Of Supporting Document Separators
15. Payables : Recognition Of Supporting Document Separators For Invoices Using Intelligent Document Recognition Details: Specify supporting document separators to enable Intelligent Document Recognition (IDR) to Impact Analysis distinguish supporting documents from the primary supplier invoice. Thi
Slide 24: 16. Advanced Collections: Additional Data Points For Scoring
16. Advanced Collections : Additional Data Points For Collections Scoring Details: Provide the following data points at customer, account and site levels for collections scoring to improve collection efficiency. • Amount (USD) Past Due More Than 15 Days Impact Analysis • Age of Latest Payment Impact
Slide 25: 17. Receivables Aging By General Ledger Account for MultiFund
17. Receivables : Enhancements To The Receivables Aging By General Ledger Account for MultiFund Accounting Report Details: Run the Receivables Aging by General Ledger Account and Multifund Accounting report from Impact Analysis Scheduled Processes. Generate a consolidated report for all balancing se
Slide 26: New Features: Quick wins - Opt Ins
New Features Quick wins - Opt Ins
Slide 27: 1. SLA: Manual Subledger Journal Transfer To General Ledger
1. SLA: Manual Subledger Journal Transfer To General Ledger By Preparer Details: Transfer manual subledger journal entries to the general ledger by preparer while creating subledger journals using a spreadsheet or submitting the Post Subledger Journal Entries process. Manual journal entries created
Slide 28: 2. Payables: Receipt-Matched Invoices For Catch Weight Items
2. Payables : Receipt- Matched Invoices For Catch Weight Items Details: Create receipt-matched invoices for catch weight items using the pricing unit of measure. The pricing unit of measure is the secondary unit of measure on the receipt. A segment of customers in industries such as food and Impact
Slide 29: 3. Lease Accounting: Lease Amendment Import
3. Lease Accounting: Lease Amendment Import Details: Use the Lease Amendment Import utility to simplify contract changes. The Lease Amendment Import utility removes or reduces the need for manual intervention during the lease amendment process. Amendments Impact Analysis include scope increases, sco
Slide 30: New Features
a orale labal | Featured in Garter Partner of Year | MQ for Oracle Cloud Eves Nesys (2015 2029)
Slide 31: 1. Taxes: Different Tax Exception And Exemption Source Taxes
1. Taxes: Different Tax Exception And Tax Exemption Source Taxes Details: Apply tax exception and tax exemption derived from different source taxes to a related tax of the same regime. This helps reduce the setup and ongoing maintenance of the tax setup and improve run-time performance during tax ca
Slide 32: 1. Taxes: Different Tax Exception And Exemption Source Taxes
1. Taxes: Different Tax Exception And Tax Exemption Source Taxes Impact Analysis Impact Level Low No Need to Enable Configuration Yes Quick Win No Business Benefit: • To apply the tax exception to lower tax from source tax, we also need to have both taxes applicable to the transaction. This will ens
Slide 33: 2. Receivables: Negative Invoice Line Amounts and Completion
2. Receivables : Management Of Negative Invoice Line Amounts and Transaction Completion Details: Provide additional controls during invoice entry and completion. If the transaction type assigned to an invoice created using AutoInvoice or the Create Transaction page has a Creation Sign of Positive, t
Slide 34: 3. Receivables: Customer Account Setup For XML Invoice Delivery
3. Receivables : Enhanced Customer Account Level Setup For XML Invoice Delivery Details: Enhance the XML Invoice Delivery setup on the customer account profile to include only customer sites without a preferred delivery method of Print or Email. This provides a more focused delivery of XML transacti
Slide 35: 4. Expenses: Manual Application Of Cash Advances
4. Expenses : Manual Application Of Cash Advances To Expenses Details: Manually apply cash advances to expenses during expense report submission. Employees can apply the cash advance designated for a specific trip to the corresponding expenses, providing visibility to approvers and Impact Analysis a
Slide 36: 4. Expenses: Manual Application Of Cash Advances
4. Expenses : Manual Application Of Cash Advances To Expenses Auditors can view the applied cash advances on the Audit Expense Report page. Auditors cannot make any changes to cash advances that are applied to a report. If approvers or auditors reject expense reports, then cash advances that are app
Slide 37: 5. Payables: Legal Entity Recognition For PO Based Invoices
5. Payables : Legal Entity Recognition From Invoice Document For PO Based Invoices Details: Use Intelligent Document Recognition to recognize the legal entity on the invoice image through key Impact Analysis elements such as the bill-to location and the legal entity registration number. This helps i
Slide 38: 5. Payables: Legal Entity Recognition For PO Based Invoices
5. Payables : Legal Entity Recognition From Invoice Document For PO Based Invoices Impact Analysis Impact Level Low Need to Enable No Configuration Yes Deriving the Default Legal Entity Based on Invoice Type No Quick Win 1. Matched invoices when the option to validate legal entity isn’t enabled in t
Slide 39: 6. Payables: Adaptive Learning Data Sharing Between Environments
6.Payables : Adaptive Learning Data Sharing Between Environments For Intelligent Document Recognition Details: Copy the invoice recognition adaptive learning data from one environment Impact Analysis to another, while using Intelligent Document Recognition (IDR) to process supplier invoices. You can
Slide 40: 7. Payables: Recognition Of Specific Internal Suppliers Invoices
7. Payables : Recognition Of Specific Internal Suppliers Invoices Created Using Intelligent Document Recognition Details: Specify the internal suppliers that you want Intelligent Document Recognition (IDR) to recognize Impact Analysis while using IDR to create supplier invoices. Use a distinct suppl
Slide 41: Closing
a orale labal | Featured in Garter ParnerofYear | MQ for Oracle Cloud orn) Eves
Slide 42: Closing Note
Closing Note 1. What happens next? 1. Presentation 2. Session Recording 2. Feedback Form 3. Speak with your Project Manager or business@evosysglobal.com 1. for additional services around quarterly updates 2. Learn more about Innovation 4. Next Sessions
Slide 43: Evosys is here to help you! Thank You
EVOSYS is here to help you! It is always best to clear your doubts Thank You! Contact Us +44 2080043670 www.evosysglobal.com business@evosysglobal.com