Mastek Limited · NSE:MASTEK
Mastek — Technical Presentation (October 2022)
32 slides from Mastek's technical presentation, October 2022
Slide 1: 20D – Cloud Financials
Advisory Webinar 20D – Cloud Financials Empowering you for the next update Host: Chris Gomes Speaker: Utsav Raval Account Director Centre of Excellence Managed Services Cloud Financials Oracle's Global Partner of Year Featured in Gartner MQ for Oracle Cloud Realize the true potential of Oracle Cloud
Slide 2: Agenda
AGENDA Our Approach to Oracle Update Our Analysis of Latest Release - New Features - Known Issues (If any) Next Generation Managed Service Closing - Q&A
Slide 3: Analyze, Plan, Test, Launch approach to Oracle update
Evaluate new features to prioritize Analyze the uptake of those that improve user experience and productivity. Business and IT teams collaborate on the strategy for the Plan uptake of new features and go-live. Test Execute regression and user acceptance testing on key flows. ORACLE UPDATE Launch Go
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
Our Analysis of Latest Release New Features
Slide 6: Evosys Analysis - Statistics
EVOSYS ANALYSIS- STATISTICS Chart Title 10 9 9 8 7 6 5 16 5 4 3 Cloud Financials New 2 1 1 Features 1 0 Features Quick Win - Config No Quick Win - Config Yes Quick Win - Opt Ins Not Quick Win
Slide 7: New Features: Quick Wins – Default with No Configuration
NEW FEATURES QUICK WINS – Default with NO Configuration
Slide 8: Budget: Save search criteria in Review Budgetary Control Balances
BUDGET: Reduce data entry for frequently reviewed control budget account balances by saving your search criteria in Review Budgetary Control Balances. DETAILS: The page now summarizes the balances of the accounts returned by the search criteria in a Impact Analysis row titled Total. Impact Level LOW
Slide 9: Payables: Variance drill down in reconciliation report
PAYABLES: PAYABLES VARIANCE DRILL DOWN IN PAYABLES TO GENERAL LEDGER RECONCILIATION REPORT DETAILS: Impact Analysis • The Payables Variance Details report lists all the transactions and transaction amounts that affect the Payables Variance. The report displays the validation status of each transacti
Slide 10: Expenses: Delegate assignment for inactive employees
EXPENSES: DELEGATE ASSIGNMENT FOR INACTIVE EMPLOYEES DETAILS: Impact Analysis • Allow administrators to assign delegates for inactive employees to submit outstanding expenses. Assign project and account allocation access to delegates of inactive employees when required. Impact Level LOW • In their E
Slide 11: Expenses: Enforce meals and accommodations policies in Android app
EXPENSES: ENFORCE MEALS AND ACCOMMODATIONS POLICIES IN EXPENSES ANDROID APPLICATION DETAILS: Impact Analysis • Validate meals and accommodation expenses for policy violations within the Expenses Android application. The Android application performs the same validations that are enforced online. Impa
Slide 12: Expenses: Funds release from unused spend authorization reservations
EXPENSES: FUNDS RELEASE FROM UNUSED SPEND AUTHORIZATION RESERVATIONS DETAILS: Impact Analysis • Release funds from a spend authorization with unused funds after travel is complete and expense reports are approved, to gain greater control of funds and manage travel budgets efficiently. Impact Level L
Slide 13: Expenses: Search projects and tasks in mobile applications
EXPENSES: SEARCH FOR PROJECTS AND TASKS TO ASSIGN TO EXPENSE ITEMS IN THE EXPENSES MOBILE APPLICATIONS DETAILS: Assign a project and task to an expense by using the searchable list of projects on the Add Impact Analysis Expense screen in the Expenses mobile application. Employees can select projects
Slide 14: Expenses: Mileage and corporate card handling with Digital Assistant
EXPENSES: MILEAGE EXPENSES AND REFINED CORPORATE CARD HANDLING USING THE ORACLE DIGITAL ASSISTANT DETAILS: Impact Analysis The digital assistant confirms use of a corporate card and alerts employees when it uses the enhanced logic to match to a card transaction during expense creation. Impact Level
Slide 15: JVM: Billing retroactive adjustments for joint ventures
JVM: BILLING RETROACTIVE ADJUSTMENTS FOR JOINT VENTURES DETAILS: Impact Analysis Billing Retroactive Adjustments for Joint Ventures enables managing partners to automatically reprocess and redistribute joint venture transactions to create adjustments when an ownership definition is changed. Impact L
Slide 16: JVM: Joint Venture Accounting Manager Dashboard
JVM: JOINT VENTURE ACCOUNTING MANAGER DASHBOARD DETAILS: Impact Analysis The Joint Venture Accounting Manager Dashboard provides metrics for joint ventures, joint venture transactions, and joint venture distributions. It provides analytics to help you easily monitor your joint ventures: Impact Level
Slide 17: New Features: Quick Wins – Default with Configuration
NEW FEATURES QUICK WINS – Default with Configuration
Slide 18: AR: Structured payment reference on receipts using lockbox
AR: STRUCTURED PAYMENT REFERENCE ON RECEIPTS CREATED USING LOCKBOX AND SERVICES DETAILS: Impact Analysis • Include the structured payment reference on receipts created using lockbox and services. Set up Automatic Bank Reconciliation in Cash Management to match receipts based on the structured Impact
Slide 19: New Features: Quick Wins – Opt Ins
NEW FEATURES QUICK WINS – Opt Ins
Slide 20: GL: Prevent period closure when open subledger periods exist
GL: PREVENT GENERAL LEDGER PERIOD CLOSURE WHEN OPEN SUBLEDGER PERIODS EXIST DETAILS: Impact Analysis • Prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist f
Slide 21: New Features: Not Quick Wins
Eves NEW FEATURES Not QUICK WINS
Slide 22: GL: Manage dependencies between chart of accounts segments
GL: MANAGE DEPENDENCIES BETWEEN CHART OF ACCOUNTS SEGMENTS USING RELATED VALUE SETS DETAILS: Impact Analysis • Related Value Sets provide a new way to define dependencies between two segments in a chart of accounts to ensure only valid combinations are used during data entry. You can define these re
Slide 23: CM: Journal reconciliation with value date
CM: JOURNAL RECONCILIATION WITH VALUE DATE DETAILS: Impact Analysis • Reconcile journal lines to bank statements automatically using the value date as matching criteria in the Impact Level HIGH • When the journal line value date is stored in one of the journal line attributes available for bank stat
Slide 24: Asset: Historical and revalued amounts on UK Government reports
ASSET: HISTORICAL AND REVALUED AMOUNTS DISPLAYED SEPARATELY ON ASSET REPORTS FOR UK GOVERNMENT DETAILS: Impact Analysis The following reports are enhanced to display historical and revalued amounts separately for the UK Government revaluation enabled asset books. Impact Level HIGH ASSET CATEGORY CHA
Slide 25: JVM: Project capitalization and progress management
JVM: PROJECT CAPITALIZATION AND PROGRESS MANAGEMENT DETAILS: Impact Analysis Joint Venture Management creates cost transactions in Project Management to account for the external partners’ share of the joint venture costs. Leverage this project information across the joint venture life cycle to get v
Slide 26: Lease Accounting: Lease contract activation
LEASE ACCOUNTING: LEASE CONTRACT ACTIVATION DETAILS: Impact Analysis Activate lease contracts to complete the lease creation process. The activation process generates the lease booking transaction and includes the contract in the periodic accruals processing. These transactions are accounted for acc
Slide 27: Next Generation Managed Services
Next Generation Managed Services How we bring this all together?
Slide 28: Analyze, Plan, Test, Launch approach
Evaluate new features to prioritize Analyze the uptake of those that improve user experience and productivity. Business and IT teams collaborate on the strategy for the Plan uptake of new features and go-live. Test Execute regression and user acceptance testing on key flows. ORACLE UPDATE Launch Go
Slide 29: Evosys Next Generation Cloud Managed Services
Evosys Next Generation Cloud Managed Services Realize the true potential of Oracle Cloud transformation Evosys KPI driven support approach Don’t just keep the lights on – get business value Customer delight Facilitating continuous improvement with value based analytics™ aligned to ITIL V4 4.6/5 Aver
Slide 30: Closing
Closing Q&A
Slide 31: Closing Note
Closing Note 1. What happens next? 1. Presentation 2. Session Recording Recording available Register Now Register Now 3. Test Scripts 2. Feedback Form 3. Speak with your Project Manager or business@evosysglobal.com 1. for additional services around quarterly Register Now Register Now Register Now up
Slide 32: Thank you!
Evosys … is here to help you! It is always best to clear your doubts. Contact Us Contact : Address: Email: Your Project Manager www.evosysglobal.com business@evosysglobal.com Q&A Thank you !