Difference between 11i and R12 in Oracle Apps

Difference between 11i and R12 in Oracle Apps

R12 is the latest version of the E-Business Suite and defined as Global Business Release Focusing on working, thinking and managing Global Organization.

Advancements:

• A single responsibility to access and transact on multiple organizations.
• A single ledger to manage multiple currencies.
• Ledger sets to manage accounting processes across ledgers.
• Centralized rules engines for tax, accounting and inter company.
• A separate and simple payment creation and delivery solution.
• Centralized trading partners (suppliers, banks, first party legal entities).
• Simplified reporting via XML Publisher.
• Netting across trading partners.

Main Changes in Oracle Release 12:

• Multiple Ledgers- From Set of Books to Ledgers and Ledger Sets.
• Legal Entities and Accounting Setup.
• From Product Accounting to Sub ledger Accounting. (SLA)
• Shared Service Access Controls - From Multi-Org to Multi-Access-MOAC (Multi Org Access Control) - Role based access to Operating Unit.
• Oracle Payments and Banking - Centralized Bank Model- Centralized Payment Processing (Shared Services Disbursements and Receipts)
• from Multi-Tax Codes to E-Business Tax (EB Tax).
• Intercompany using Advanced Global Intercompany (AGIS).