1. Automated Month-End Close Process (AMCP) Alfredo Pantaleon
Professional Services
Chris Martin
Regional Sales Manager
January 24th, 2006

2. Agenda Challenges Benefits Feature Summary Solution Overview
Solution Demonstration and Review
Q&A

3. Challenges Complexity Timing SEC/SOX
Numerous Modules (INV,OM,PO,AP,AR,GL)
Numerous Inter-Dependencies
Interface Table Processing
Personnel and Coordination
Timing
Compressed
Coordinated
Critical Path Processing
SEC/SOX
Contemporaneous Audit
Timeliness of Reporting

4. Typical Month end Close
Frenetic
Confusing
Frustrating
Labor Intensive
Lengthy/Delayed
Non-deterministic
Difficult to Audit

5. Risks and Ramifications
Financial Reporting Accuracy is Compromised
Manual Processes are error prone
Stuck transactions are forced/dropped
No time or process for parallel audit
Unclosed periods allowing back transactions
Financial Reporting is Delayed

6. Can you Benefit?
Do you have adequate time to properly review interface table rejects?
Is there a lengthy delay between the close and issuing statements?
Does your close process span many days?
Are there a large number of manual journal entries to record transactions or make adjustments?
Is there a high dependency on spreadsheets to record accounting transactions or support manual journal entries?
Are you subject to compliance legislation such as SOX?
Is there a history of restatements?
Limited time for financial and operational analysis?

7. Key Advantages Quick Time-to-value Flexible and Extensible Robust
Configuration vs. customization
Seeded processes leverage Oracle best practices
Seamless deployment into Oracle 11i E-business Suite
Leverages Oracle supported extensions and APIs
Flexible and Extensible
Processing Steps can be added, removed, modified, and rearranged
Robust
Support Multiple Operating Units
Supports Multiple Inventory Organizations

8. Solution Definition and Objective
An automated month-end close process (AMCP) leveraging the GUI-based configurability of the LogicalApps Suite and supporting Oracle technology, e.g., workflow.
Objective:
Streamline the close process through automation
Reduce the effort
Reduce the time/duration
Improve accuracy and consistency
Improve visibility
Support contemporaneous audit

9. Feature Summary Define notification recipients Activity notification
Task Approvals
Interface checking
Re-submittal of interface errors
Automatic period open and closing
Parallel processes
Define notification recipients
Automatic Reporting
Expandable
Configurable
Multi-Org
Modular design

10. Global Workflow Started Distribution Pre Close
Main Process
Global Workflow Started
Distribution Pre Close
Inventory Pre Close Rpts
Inventory Close
Inventory Post Close
Receivables Close
OM Close
AR Close Rpts
Payables Close
General Ledger Close
Purchasing Close
General Ledger Close Rpts
PO Close Reports

11. General Ledger Close Reports
Standard GL closing reports
General Ledger Close Reports
Trial Balance - Detail
General Ledger - (180 Char)

12. Inventory Pre Close Reports
Process runs reports necessary for beginning the close process. For companies with many organizations this process runs the report for each organization
Inventory Pre Close Rpts
All Inventory Value Reports
Intransit Value Reports

13. Payables Close Validate distributions Transfer to GL Complete Accruals
Automatically close AP period and open the next period
Payables Close
Payables Accounting Process
Payables Pre-Transfer Review
Payables Transfer to General Ledger
Unposted Invoice Sweep- Notification
Manage AP Periods
Run AP Trial Balance
Expense Period End Accruals
Complete Receipts Accrual

14. Inventory Close Closes open inventory Periods for each organization
Opens the next inventory Period for each organization
Inventory Close
Close Inventory Periods

15. Inventory Post Close
Runs Post close reporting for inventory valuations for each organization
Inventory Post Close
Intransit Inventory Reports
Period close value summary
Inventory Value Report
Subinventory Account Value

16. OM Close
Process for adding any company specific Month End Sales reporting
OM Close

17. Purchasing Close Process runs task for receiving and Purchasing.
Accruals
Purchase price Variance
Invoice price Variance
Closes the Purchasing period and opens next period.
Purchasing Close
Uninvoiced Receipts Report
Purchase Price Variance Report
Approve PO Period Close
Manage PO Periods
Check that PO Period is Closed
Accrual Rebuild Reconciliation Report

18. Purchasing Close Reports
Process is defined so that additional reports may be added here.
This process will run the report once per Organization
PO Close Reports

19. Solution Overview
Configuration form to determine owners of business areas
Launch close process for the GL periods form

20. Cont… Close process will only launch for eligible periods
Process initiates an Oracle Workflow where all processes are visible

21. Cont..
Workflow notification begin sending to inform recipients of interface records in error, reports that have run, approval for period close or open.

22. Q & A Presentation Requests: webinars@logicalapps.com 949-453-9101
Solution information:
Daryl Geryol – Director of Professional Services