Friday, October 17, 2014

4 Things You Need to Know about PRC’s Tax Laws Before Doing Business in China

As the most important source of fiscal revenue, taxing in the People’s Republic of China is a key component of macro-economic policy. The changes introduced since the 1994 tax reform have set up a streamlined tax system geared to fuel the socialist market economy.

But how do these laws affect business operations in the country?
Oracle EBS China, Implementing Oracle in China, China Tax
IT Convergence’s team  regularly leverages Oracle E-Business Suite to help companies operating in mainland China meet the specific tax issues of this developing market, and today we bring you a list of the 5 tax laws you must be familiar with to ensure success:

1. Value-Added Tax

The Value Added Tax (VAT) is currently undergoing changes. The Chinese government reformed VAT on August 2013, a move which impacted over 1 million taxpayers. The Chinese government introduced a pilot program last year in Shanghai to replace business tax in transport and other sectors, where the VAT is charged only to the added value of each link of the production chain. The reform was later extended to the rest of the country– and might also be extended to other sectors in the near future – thus effectively easing the tax burden for companies.

2. Circular Tax 698
One recent change is the Circular Tax 698 , levied on share transfers by non-Chinese resident enterprises. The Capital Gains tax will be imposed when a non-resident company sells a Chinese-resident enterprise, and in certain cases, over the sale of an offshore holding company which owns a Chinese-resident enterprise. However, using the “substance over form” principle, the Chinese tax authorities may disregard the existence of an offshore intermediary holding company as it lacks business objectives and is established for the purpose of avoiding tax. This new tax law will have a significant impact on companies that use offshore holding companies to invest in China.

3. Representative Office Tax
The State Administration of Taxation (SAT) also has tighter laws around Representative Offices. Representative Offices are required to maintain accounting books and records and calculate the Corporate Income Tax, VAT or business tax based on its actual outcome of business. If these accounting books or records are inadequate, the tax authorities will collect tax on a cost plus basis, where the rate has risen from 10% to 15%.

4. Zero Tariff on 32 Least Developed Countries
The State Custom Tariff Commission announced that China will grant zero tariff access on specified goods to 32 of the world’s least developed countries. The agreement will improve the economy of those countries, which are some of the main commodities exporters, and will reduce the cost of raw materials for Chinese enterprises. Manufacturing and importing companies whom this policy affects will need to adjust their Oracle Technology Stack to accommodate these changes and statutory requirements.

Oracle R12 E-Business Tax
Fortunately, by using Oracle R12 E-Business Tax you will be able to cope with these business requirements. R12 E-Business Tax helps you define different tax rules based on different customer, different commodities to sell or purchase or different location of ship/bill addresses, etc. 

Join Our Webcast on China’s VAT

IT Convergence has developed a solution designed to adapt Oracle E-business Suite to comply with China’s tricky tax requirements, and you can learn about it at our webcast: "How to Comply with China's VAT Regulations and Golden Tax System" on Thursday October 30th at 8:00 am Pacific/11:00 am Eastern. Register here today.
Visit our website for more information on IT Convergence’s Oracle Services for China and or click on this link to access all China Oracle EBS related posts.


Thursday, October 16, 2014

23 Key Questions on Oracle EBS R12.2.4 Answered!

Last week we held our webcast "Exclusive Insight on Oracle R12.2.4 from OpenWorld 2014" and we had a very busy Q&A session. As we had more questions than we had time to tackle live, today we are bringing you the transcript and extra answers.

Oracle, Oracle R12.2, Oracle R12.2.4

If I start an upgrade now, should I shoot for Oracle 12.2.3 or Oracle 12.2.4? Since Oracle R12.2.4 is brand new.
Well, we see many organizations asking: is it safer to go to Oracle E-Business Suite 12.2.3, since Oracle EBS 12.2.4 was only released a few months ago? Our recommendation is to go directly to Oracle 12.2.4.  If you’re already doing an upgrade to Oracle 12.2.3, that is fine. Think of the upgrade in terms of patching. Quoting the blog entry at Steven Chan’s blog “Release 12.2.4 is cumulative and includes new updates as well as updates made available in one-off patches for prior 12.2 releases.” 

Do we still need to do patch analysis and see what the impact will be? Is this good for non-production instances? 
The patch analysis is necessary in order to check the impact on your existing customizations. There’s a point during the upgrade to Oracle 12.2 where the system will check that customizations are not in violation of the online patching standard – so you will need to have all the customizations fixed before that.

This means running the readiness report, assessing its results and making corrections according to the report’s suggestions. This is also good for non-production instances. What you can do to get your environment ready is run the readiness report now (in EBS 11i, 12.0, 12.1) and begin evaluating what needs to be done. Later on you can mitigate the suggestions of the readiness report in order to run the upgrade on your environment. This is what we recommend so that when all the customizations are standard compliant and you are ready to rake the leap to Oracle R12.2, the upgrade will go smoothly.

Is the OATS testing tool available in R12.1 and 12.2?
The good news is that OATS (Oracle Applications Testing Suite) flows run for both Oracle EBS 12.1 and Oracle EBS 12.2, so you can leverage your investment. If you’re on Oracle E-Business Suite 12.1 now you can build all your scripts – whether it’s for regression testing, stress testing, you name it – and use them in your E-Business Suite12.2 projects.

Is Oracle going continue to support OBIEE? If we want to move from OBIEE to ENDECA - does Oracle offer a path to do so? 
Oracle Business Intelligence Enterprise Edition (OBIEE) is a product which has been receiving a lot of investment. There’s a new version of OBIEE, 11g, with many new objects. For those running EBS, there’s a new release for Oracle Business Applications which is standardizing the entire stack – now you have Oracle Data Integrator, which  allows you to simplify the configuration process for the BI Applications.

ENDECA for EBS, on the other hand, is a whole new suite, a new product, while OBIEE is a complement. OBIEE is a BI approach, with data warehouse, datamart, etc. ENDECA for EBS is pre-built, you can extend it, and it does have different licensing. ENDECA is a column-designed database, focused on discovering information that you can act upon within your transactional system, within your ERP solution. Both of them will continue to be supported by Oracle within its product lines.

Also, regarding ENDECA, another person was asking if you have a legacy system, whether you can connect it with ENDECA, and the answer is yes.

Do you know the roadmap for Oracle Fusion and Oracle R12?  When will they merge?
We get this question very often, and we have to say that there will be no merge among those product lines. Oracle Fusion Applications, although it has an on-premise version currently, is progressively moving towards the Cloud, while the investment in Oracle E-Business Suite continues, with new features and new capabilities. So there will be no merge, but what we’ll see is that both user interfaces will become increasingly similar and you will be able to extend your Oracle E-Business Suite with functionality from Fusion Apps and have it integrated out of the box. We don’t see Fusion having the same capabilities as Oracle EBS in the short or midterm (like localizations, verticals, etc.), but there are many things in Oracle Fusion that can complement your Oracle EBS investment.

How many clients are you aware of who are running live on Oracle R12.2?
Based on comments made during OOW14, Oracle indicates that there are dozens of customers live in Oracle EBS Release 12.2. As far as IT Convergence’s work, we’ve been supporting as of now more than 10 companies on their upgrades to Oracle R12.2, most of which are upgrading from Oracle E-Business Suite

You mentioned some benefits of the Applications Management Pack. Do I need to have Oracle?
The Application Management Pack (AMP) is a plug-in to Oracle Enterprise Manager which is a great tool with many features to improve the productivity of the Oracle EBS Administrators and DBAs. Features such as facilitating cloning processes, the patch manager, customization manager or the setup manager are excellent tools that will allow you to obtain a quick ROI.

Are globalizations ready for Oracle 12.2.4 - specifically for Brazil?
Yes, they are certified in Oracle EBS 12.2.4 but you have to validate with your 3rd party provider that their products are certified with E-Business Suite.

Can we migrate from Oracle R11.5.10.2 to Oracle R12.2.4 directly?
Yes, there’s a direct path from Oracle to Oracle 12.2.4. It will be a two-step process: the first is getting your application to 12.2.0. For more information regarding the upgrade steps you can download the book called “Oracle E-Business Suite Upgrade Guide Release 11i to 12.2”  .
Once you’re in Oracle 12.2.0, the second step is upgrading to Oracle 12.2.4. There’s a document in My Oracle Support with very good information: Scenarios for Getting Started With Oracle E-Business Suite Release 12.2 (Doc ID 1587195.1)

Is Oracle R12.2 Online patching only functional patching or does it cover database patching as well?
Not sure what you refer to when you say “functional patching,”  but we’ll answer as broadly as possible. Online patching is a new patching process for Oracle E-Business Suite which might include changes in the application server as well the database objects. Keep in mind that it is related to Oracle E-Business Suite, so for instance if there’s a database patch that will need downtime of your database itself, this will affect your E-Business Suite environment.

Up to what point in time can we revert the process of applying the Oracle R12.2 Online patch in case we decide not to do so?
You can revert the process of applying patches with the new online patching cycle up to the cutover phase. Once you’re in the cutover phase then the roll back must be done with backup.

Oracle R12.2, On line Patching, R12.2.4

 Can we still apply patches in the traditional way for Oracle R12.2 upgrades?
Once you performed the upgrade to Oracle E-Business Suite Release 12.2 then the only way to apply patches is through the online patching cycle.

For Oracle R12.2 Online patching to be more effective, is it required to separate custom objects (tables/views) out of APPS schema (which are not standard to be created on APPS instance directly) i.e. keep it on custom schema & put a synonym on Apps?

The best practice if you have custom objects or custom schemas that need to be tightly integrated with Oracle E-Business Suite is:

-    Create custom schema, following the naming standards
-    Register the custom schema
-    Determine and set install group number
-    Create custom objects and grant access to APPS schema. Note: consider Multi-org
-    Drop duplicate code objects

When will the Mobile App be available for non-iPhone devices?
Oracle has not provides dates yet, but based on comments from the Oracle Development team, seems like we’re only weeks away from seeing native mobile applications in Google Play.

How does Oracle EBS integrate with the mobile phone and tablet? What are the DMZ requirements?
Oracle has made major investments on native mobile applications, but as of today, they’re only certified for internal intranet deployments. This means that means that you’ll have to connect to the intranet via a VPN connection to access the applications. However, in the announcement of the new mobile apps, Oracle has mentioned that they will be addressing this issue in the short term by adding more options.

Is the Oracle SOA Suite optional or mandatory in Oracle 12.2? Does it require us to purchase a separate full use license, or is it an Application Specific license with zero incremental cost?
SOA Suite is part of E-Business Suite R12.2. It does not require any extra licenses and it is an application-specific license. Having said that, if you use the installation of SOA Suite with an external source, you will need to purchase a license.

What are the changes in the Advance Supply Chain Planning module? Are they competent with Kinaxis?
I’d strongly recommend starting with MOS Document 1302189.1 (R12.1 / R12.2 : Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Documents (Doc ID 1302189.1)).
Just to mention a few, some of the new features are:
  • Oracle Transportation Management Integration
  • Integration between Primavera P6 and Advanced Supply Chain Planning
  • Forecast Spreading Based on Shipping Calendar
  • Forecast Explosion Enhancements
  • New Order Types for Asset Intensive Planning
  • New Material Plan
Is there a list of the retired, renamed or moved Oracle 11i modules in Oracle R12?
From a technical perspective, Oracle provides 3 comparison reports that are very useful when comparing what is and is not in Oracle E-Business Suite R12 and 11i:
  • The Oracle EBS data model comparison report provides the database object definition changes between two EBS releases to help users to preview them before upgrading their instances. This way, users can understand the impact of the database object changes that may affect the customization or business flows.
  • The Oracle EBS ATG Seed Data Comparison Report provides a static delta between different EBS releases by documenting the seed data changes delivered by the product data loader files (.ldt extension) based on EBS ATG loader control (.lct extension) files.
  • The Oracle EBS File Comparison Report provides a comprehensive comparison of file system artifacts between different Oracle E-Business Suite releases for important file types. As part of the EBS upgrade planning, this report gives users a clear idea of “what is different in a new release” (additions, removals and modifications for Oracle E-Business Suite delivered files).

From a Functional perspective, I’d recommend checking the Upgrade Advisor: E-Business Suite 11i upgrade to 12.2 (Doc ID 1614508.1)

In the OATS suite, are there seeded scripts that are available by Oracle module?
With OATS, Oracle provides a “pack” with pre-built test components and flows to automate the in-depth testing of Oracle E-Business Suite applications. The starter pack, which contains over 2000 components and 200 flows, provides broad coverage of commonly-used base functionality and is designed to jump-start the test automation effort.

We are on Oracle E-Business Suite11.5.10.2. Many people are telling us not to upgrade to 12.2 directly because the change is too big. Do you recommend Oracle 12.1.3? 
The upgrade to Oracle Release 12 from Oracle 11i represents a big change, indeed. Clearly, as new versions are coming out the gap is widening because new releases bring new features and capabilities, but we assure you that this “too big a change” idea should not be considered: it’s not a challenge, but an opportunity.
Does ENDECA replace OBIA?
No, ENDECA it does not replace Oracle Business Intelligence Applications. Oracle E-Business Suite extensions for ENDECA is an addition that allows users to discover the information and act upon that discovery process. I’d consider ENDECA more of a replacement of what use to be Daily Business Intelligence (DBI).

Can we complete the upgrade without enabling online patching, and instead enable it later after some time? Because it is adding extra outage time to our upgrade.
No, the enablement is part of the upgrade to Oracle Release 12.2 and cannot be skipped.

OBIEE did not provide reporting for certain CRM modules - like Services, Depot Repair etc. Does the new version address this?
In the new version of Oracle Business Intelligence Applications, there are new features added to Oracle CRM such as the addition of the support in Service Analytics for Service Contracts. I’d recommend checking out the documentation of the new features of OBI Apps to see if the functionality you require is in the new version.

Join Our Webcast on China’s VAT
IT Convergence has developed a solution designed to adapt Oracle E-business Suite to comply with China’s tricky tax requirements, and you can learn about it at our webcast: "How to Comply with China's VAT Regulations and Golden Tax System" on Thursday October 30th. Register here today.

Stay Connected for More on Oracle R12.2.4!

Those who missed the webcast but are still seeking more on Oracle R12.2.4 are in luck. First, we invite you to read our Oracle R12.2.4 release notes blog post. We also have an "Intro to Oracle R12.2.4" video you can watch here.
If you’re ready to make the leap to Oracle R12.2 then we invite you to please visit our website and learn about our R12 upgrade services.. 


Monday, October 13, 2014

Oracle OpenWorld 2014 Outtake: Oracle EBS is Going Mobile – Meet the 10 New Oracle Smartphone Apps

At OpenWorld 2014, Oracle revealed exciting new plans that have been in the works for the last 6 months. Besides its horizontal applications – approvals, expenses, timecards and iProcurement – Oracle announced the general availability of its 10 new role-based smartphone applications.

These latest innovations give users the convenience and flexibility of data access from anywhere. Smartphone Applications have taken our business capabilities to the next level. Tablets and smartphones have revolutionized the way we work. Oracle’s mobile strategy and tablet optimization drew a lot of attention at the conference, not accidentally.

These apps can be downloaded by end-users from the Apple iTunes and Android versions will be available from Google play. Oracle’s application framework allows users to use a single application that can be run on Apple iOS and Google Android availability will be announced shortly.

Role-based Smartphone Apps

Oracle EBS Mobile, OOW 14
1. Mobile Sales Orders
Oracle Open World 2014, Oracle EBS Smartphones
2. Mobile Inventory
Oracle Smartphone Apps, Oracle Open World 2014 Outtakes
3. Mobile Product Information
OOW 14, Oracle EBS Mobile Apps
4. Mobile Procurement

Oracle Open World 2014, OOW 14
5. Mobile Project Manager

OOW 2014, Oracle Open World 2014
6. Mobile Discrete Production Supervisor

OOW 14, Oracle Open World 2014 Outtakes
7. Mobile Process Production Supervisor

OOW 14, Open World 2014, Oracle Mobile Smartphone Apps
8. Mobile Project Manufacturing

OOW 14 Outtakes, Oracle EBS Mobile
9. Mobile Maintenance

OOW 14, Open World Oracle Smartphone Apps
10. Mobile Field Service
  The new E-Business Suite User Experience consists of four basic principles:
Simplicity + Actionable + Consistency + Device Integration

Oracle simplifies users’ complex work environment by focusing only on their actual needs. It enables user to complete tasks on mobile devices in a few minutes and provides access to key tasks. It also gives you access to E-Business Suite data on all of your devices.

The applications don’t require any license or additional payment. All you have to do is download the app from the app store and login with your EBS user name, password and URL.

With Oracle ending support for Oracle E-Business Suite 11i at the end of 2015, your upgrade can’t be dodged forever.

Bring yourself up to speed on Oracle R12.2 by reading our Oracle R12.2.4 release notes blog post. and/or checking out our "Intro to Oracle R12.2.4" video  which you can watch here.
If you’re ready to make the leap to Oracle R12.2 then we invite you to please visit our website and learn about our R12 upgrade services..

Check out our Oracle R12 Upgrade services, visit the Oracle R12 related posts on this blog, or click here to contact us today.


Thursday, October 9, 2014

¿Qué hay de nuevo en Oracle User Productivity Kit (UPK)

¡Oracle ataca de nuevo! Esta vez con otra nueva entrega para UPK centrada en mejorar la experiencia de usuario para los autores de contenido, los propietarios del proyecto y los usuarios finales. Oracle también ha decidido ampliar el soporte a las aplicaciones lanzadas recientemente.

"Además de ampliar el soporte para las aplicaciones lanzadas recientemente, UPK 12.1 ESP 1 Standard & Professional Edition sigue siendo el principal producto de la industria sin dejar de ser una plataforma integral para el desarrollo, mantenimiento y despliegue de contenido. Oracle User Productivity Kit domina el mercado de la creación de contenidos rápida y fácil de mantener tanto para el contenido transaccional como conceptual para las aplicaciones empresariales”. - Kathryn Lustenberger, Oracle

Eso está muy bien y todo... ¡pero vamos a los hechos!

Oracle User Productivity Kit 12.1 Enablement Service Pack (ESP) 1 (Standard y Professional Edition) incluye una serie de mejoras:

¡Míralo! Video
- Oracle reconoció la necesidad de formatos de salida adicionales, por lo cual decidió añadir el formato MP4 que permite a los autores crear vídeos para uno o más temas de UPK. Con esta nueva funcionalidad llegan más posibilidades para compartir e incrustar contenido de UPK!

Grupos de preguntas aleatorios dentro de las evaluaciones - La capacidad de crear preguntas y evaluaciones hace de UPK una gran herramienta para facilitar el aprendizaje formal. Ahora los autores pueden crear evaluaciones con un número determinado de preguntas. Estas preguntas son seleccionadas al azar entre las preguntas disponibles en la evaluación. Además, esta función se extiende ahora al orden de las opciones de las preguntas y respuestas para asegurarse de que los usuarios no tienen evaluaciones idénticas.

¡Pruébalo! Los resultados del modo pueden ser rastreados - Uno de los mayores cambios en la industria es el uso de UPK para hacer pruebas. UPK puede ayudar a crear y gestionar los scripts de prueba de las organizaciones a través de los Documentos de prueba y de casos de prueba que genera la herramienta, proporcionando valiosos activos para diversas iniciativas, incluyendo pruebas de regresión de aplicaciones, pruebas de aceptación de usuario y el examen del contenido de UPK. Con la nueva versión,  los resultados del modo ¡Pruébalo! pueden ser rastreados en el Centro del Conocimiento, donde se  reúne la información y los resultados de los documentos se archivan para cada prueba.

Uso mejorado de áreas de impresión - La liberación de UPK 12.1 ha traído consigo la capacidad de definir las áreas de impresión. UPK 12.1 ESP 1 muestra el área de acción para cada paso, permitiendo a los autores mejorar las imágenes de los documentos resultantes.

Soporte adicional - Al igual que con cada nueva versión de UPK, Oracle ha añadido soporte para las aplicaciones de destino adicionales, entornos registrados, sistemas operativos, bases de datos y navegadores web, permitiendo que los autores de contenido y usuarios finales puedan estar al día.

"Espera, espera, espera... Todavía estoy en UPK 11..."

Si usted todavía está utilizando Oracle User Productivity Kit 11 y se perdió las novedades de UPK 12.1, no se preocupe: puede darse una vuelta por una de las entradas anteriores del blog de IT Convergence y aprender qué hay de nuevo en UPK.

¿Desea incursionar en UPK? Ahí es donde entra IT Convergence. Vamos a compartir nuestro entusiasmo con la actualización de los sistemas de planificación de recursos empresariales (ERP) y las herramientas de implementación, y le mostraremos el verdadero poder de Oracle User Productivity Kit. Podemos ayudarle a mejorar la adopción de usuarios finales, ayudar a su capacitación, mejorar las pruebas de stress testing y ahorrar tiempo y dinero.

¡Solicite una demo de UPK ahora!

Manténgase en contacto para más información sobre Oracle UPK

Tenemos una gran cantidad de recursos sobre UPK a su disposición. Para más información, por favor visite la página web de UPK de IT Convergence, o póngase en contacto con uno de nuestros representantes para solicitar una demo gratuita de UPK o un diagnóstico de su instalación. Recuerde que también puede ver tutoriales de UPK en nuestro canal de YouTube!


Wednesday, October 8, 2014

Oracle OpenWorld Outake – The Latest on Oracle EBS R12….

During one of the most popular sessions of OpenWorld, Anne Carlson, Senior Product Director of Application Development was talking about how Oracle developed its application strategy over the last 7 years. She announced that beyond the delivery of Fusion Applications, Oracle is making enhancements on all the product lines covering E-Business Suite, PeopleSoft, JD Edwards and Siebel. Anne presented the new features of E-Business Suite Release 12.2 and pointed out its Application Strategy investments.

Oracle launched R12.0 in 2008 that delivered innovations to the architecture of its financial applications. R12.2’s release in 2013 came with online patching, and the latest 12.2.4 release came with its fascinating user experience. Over the course of the next few years,  we can still expect of the arrival of Release 12.2.5 and 12.2.6.

Oracle’s current E-Business Suite Support Timeline looks like this:

 Oracle EBS R12, OOW 14

Functional advancement that available on 12.2 may drive you to 12.2 because you need that capability and it’s only available on 12.2. Let’s see what these advancements are.

What’s Beyond Online Patching in R12.2?

Oracle Vice President of E-Business Suite Product Strategy Jeanne Lowell introduced the new features of Release 12.2, with specific regard to global Financials.

Take a look at the new functionalities of one of the strongest Oracle modules.
•    Benefits improve automation
•    India support/localization
•    Simplified worldwide accounting and reporting
•    More integration for improved reporting and automation
•    Lease management – reduced cost, improve growth and mitigate risk
•    Property manager – improved integration/controls
•    Simplified user flows – channel revenue manager
•    Performance improvement
•    Simplified billing/ better support for internal billing

(Resource: Oracle E-Business Suite: Mobile Strategy and Roadmap [CON7492] Jeanne Lowell - VP, EBS Product Strategy, Oracle OpenWorld 2014)

Oracle R12.2  also delivers key customer driven enhancements in Project Management with re-designed work plan APIs and improved user flows. The new release allows you to improve your cash flow, to control and plan your costs better through the enhanced labor costing and project cost breakdown structure. You can coordinate relationships easier across the supply base with its improved supplier registration UI and enhanced supplier registration search. From the improved Online Patching to the new functional enhancements, the new release delivers innovations to the WebLogic Server, such as the graphical user interface, WebLogic scripting tool or the troubleshooting framework. It also brings a modern user experience and simplified user flows. Just to mention a few of the new enhancements.

User Experience Strategy will be continued in the future

Oracle spent the last 6 month to focus intensively on mobile application development. Find out more from our previous blog entry - Take Advantage of Smartphone Apps on Oracle R12.1.3 and Beyond.

Keep Your Oracle EBS Up to Date – Stay Connected

You want to learn more before your upgrade? We're looking to share the most important functional features and Oracle’s User Experience Strategy with you at our webcast  "Exclusive Insight on Oracle R12.2.4 from OpenWorld 2014," on Thursday October 9th at 9:00 am Pacific/11:00 am Eastern.

Upgrading your Oracle E-Business Suite Release once was a matter of choice. Nowadays, taking advantage of the latest technological advances has become a necessity for companies that need to stay ahead in the race for greater profits. Shift the focus to planning around R12.2. Request an R12.2 Demo today and contact us by email:


New SAT Financial Requirements in Mexico: How to Comply without Going Crazy

Starting July 1st 2014, companies operating in Mexico are subject to new financial requirements established by Mexico’s tax authorities  (Servicio de Administración Tributaria – SAT) , which will come into full effect in January 2015.

Taking the lead after the Mexican Government announcements, IT Convergence developed a solution designed to adapt Oracle E-Business Suite to the new Electronic Accounting stipulations.

How does It Work?

IT Convergence’s Electronic Accounting solution generates the XML files required by the SAT for General Ledger Accounts, Trial Balance and Journal Entries by obtaining information from the Accounts Payables, Account Receivables and General Accounting modules. In the specific case of Journals Entries, the solution includes the required information about Checks, Transfers and other electronic documents, including the ones about Fiscal Folio.

Our team of experts developed the solution leveraging a modular approach and respecting the development standards for Oracle Apps customizations. The design includes the possibility of retrieving Fiscal Folio data from vendor/client invoices and payroll receipts via integration.

To increase visibility of the information being sent to the SAT, our developers also incorporated a series of reports that include:

•    Chart of Accounts
•    Mapped Grouping Codes
•    Account Balance
•    Journal Entry information and related Electronic documents
•    Information regarding Checks and Transfers

Who can Leverage ITC’s Solution?

The solution for Electronic Accounting is available for Oracle E-Business Suite 11.5.10 and R12 without need of customizing process flow or account plan structures.

When will it be Released?

IT Convergence’s solution can be installed quickly and is available starting October 2014.
To find out how we can help you comply the new financial requirements in Mexico, refer to the Q&A session transcript from ITC’s webcast  on this topic. Visit our website  for more information about IT Convergence’s Oracle Services for Latin America.


Nuevos requisitos fiscales en México: cómo cumplir con la legislación

Es sabido que a partir de mediados de este año, las compañías que operan en México han quedado sujetas a nuevos requerimientos fiscales establecidos por el Servicio de Administración Tributaria.

En respuesta a la modificación a la Resolución Miscelánea Fiscal para 2014  publicada por el SAT el 1ro de Julio 2014, IT Convergence ha diseñado una solución para adaptar Oracle E-Business Suite al requisito comúnmente llamado “Contabilidad Electrónica”.            

La Solución: ¿Cómo Funciona?

La solución de Contabilidad Electrónica desarrollada por IT Convergence genera los archivos XML requeridos por el SAT para Catálogo de Cuentas, Balanza y Pólizas Contables, obteniendo la información de los módulos de Cuentas a Pagar, Cuentas por Cobrar y Contabilidad General. En el caso del archivo de Pólizas, esta solución de Contabilidad Electrónica incluye los datos necesarios sobre Cheques, Transferencias y Documentos electrónicos, incluyendo los datos requeridos sobre el Folio Fiscal.

Nuestros desarrolladores expertos diseñaron esta solución de manera modular, respetando los estándares de desarrollo de customizaciones de la aplicación Oracle, e incluyendo opciones de integración para recuperar la información de Folio Fiscal de facturas de proveedores, clientes y recibos por pago de nómina.  

Para aumentar la visibilidad, nuestro equipo también introdujo en esta solución una serie de reportes que permiten verificar la información a ser enviada al SAT, incluyendo:

Listado completo de Cuentas contables
Códigos Agrupadores mapeados
Saldos de cuentas
Datos de Pólizas y documentos electrónicos relacionados
Datos sobre Cheques y Transferencias

¿Quién Puede Utilizarla?

Esta solución de Contabilidad Electrónica funciona sobre las versiones 11.5.10 y R12 de Oracle E-Business Suite sin necesidad de modificar los flujos de procesos o estructuras de planes de cuentas.

¿Cuándo Estará Disponible?

La solución de IT Convergence puede instalarse rápidamente y está disponible a partir de octubre de 2014.  

Para descubrir cómo podemos ayudarlo a cumplir con las nuevas obligaciones fiscales de México, lea la transcripción de la sección de preguntas y respuestas del Webcast  que IT Convergence presentó sobre el tema. Si desea más información sobre los servicios Oracle de IT Convergence para América Latina, visite nuestro sitio web