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Oracle Cash Management & Treasury Update

Oracle Cash Management & Treasury Update . June 21, 2007. Introduction . Yahoo! has been using Oracle Applications for about 6 years now. We are currently in version 11.5.9 Initial implementation included modules- GL, AP, AR, FA , PO Cash Management went live sometime last year.

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Oracle Cash Management & Treasury Update

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  1. Oracle Cash Management & Treasury Update June 21, 2007

  2. Introduction • Yahoo! has been using Oracle Applications for about 6 years now. • We are currently in version 11.5.9 • Initial implementation included modules- GL, AP, AR, FA , PO • Cash Management went live sometime last year. • Started using basic treasury functionalities beginning early 2007.

  3. Need for A Cash Accounting System Need For a Cash Accounting System • As the company is growing we felt the need for a cash accounting system. • Y! cash accounting posting and reconciliation processes were dependent on manual inputs into spreadsheets – so, making approval, audit and quality assurance processes became cumbersome and was prone to potential error • Bank data feeds and Oracle G/L are not integrated • Reporting, timing and process transparency are key challenges • Also we wanted to monitor exposures, trading, reporting and settlement of contracts, track accounting and settlement of short term investments, inter company loans and cash pools. • Therefore it became very important for us to implement cash management and treasury.

  4. Oracle Cash Management - Benefits Key Benefits • Oracle Cash Management module is able to support reconciling of a/p and a/r transactions and with a bit of customization, we were also able to handle creation and reconciling of zero balance account (ZBA) activities. • Changes made to existing processes have resulted in increased automation. • We are using the oracle feature of automatic loading of bank statements and auto reconciliation. • The implementation of the Oracle Cash Management has enables us so far: • Improved internal controls  straightforward audit process • Increased automation of accounting entries – saved us lot of hours • Frequent G/L posting of cash transactions improving reporting • Better visibility to cash reconciliations and cash positioning reducing need for spreadsheets • Improved access to more real-time data for cash forecasting

  5. Oracle Treasury - Benefits Key Benefits/Expected Key Benefits • We are fairly new customers for this module. Have started using the functionalities for tracking investments, creating accounting and accruals for interest. • With the help of Treasury, we have done away with the usage of spreadsheets for all the deals and there is more visibility of cash positioning. • In our project road map for the current year, we are looking at building payment interface to have the module initiate priority wires, track inter company loan balances, leverage payment interface to allow Oracle to initiate settlement of appropriate inter company balances.

  6. Questions? ?

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