Whats New in Oracle 12.1.1 Oracle i Supplier Portal

Overview

Oracle iSupplier Portal is the enterprise application that structures all supplier
communication through a secure, Internet-based portal. It is a key component of Oracle Advanced Procurement, the integrated suite that dramatically cuts all supply
management costs.

Features

Dispute Resolution for G-Log Invoices

In situations where suppliers include sundry charges on a G-Log invoice, it is not
uncommon for the buying organization to hold the invoice in order that the buyer can
Oracle E-Business Suite Release 12.1.1 Release Content Document Oracle iSupplier Portal 4 review any discrepancies between the invoice and the original Purchase Order. Depending on the nature of the additional charges, the buyer and supplier may negotiate a compromise and adjust the invoice accordingly. When such disputes occur, it is important that the supplier is able to log and track all activities for a particular invoice. To better help suppliers in these situations, new fields
have been added to the View Invoice page so that the supplier can see the original value for their invoice and the reason for the discrepancy.

AP/AR Netting

It is a common business practice in many industries to both purchase products or services from a trading partner and sell products or services to the same trading partner. In cases like this companies often offset payable and receivable invoices so that only the net difference is paid or received. This saves you and your trading partners the expenses associated with making multiple payments. The new feature will give iSupplier Portal users visibility into the AP/AR netting activity, so they can easily see which invoices will be paid standalone, which invoices will be offset against receivable transactions, and which groups of invoices will be paid
by a single payment. On the View Invoices and Payments pages, if a particular invoice
has been netted, the users will be able to see the Netted Amount and the Reckoning
Currency. Furthermore, the users will be able to drill down to the Netting Report, which will show all transactions that are a part of the netting batch.

Products and Services Search

A new search tool has been added to the Products and Services section of the Supplier
Profile to make it much easier for suppliers and administrators to find and select the goods or services categories that identify a supplier’s capabilities. This is especially useful for those customers that have an extensive Products and Services hierarchy with many thousands of individual categories from which to chose.
The new feature is available within both the Profile Management pages for existing
suppliers and the prospective supplier registration flow.

Business Classification Recertification

For those businesses required to track the business classification details of their
suppliers, it has always been a challenge to keep this information up to date to the
satisfaction of auditors. Now, a recertification tool has been added to the Business
Classification section of the Supplier Profile that tracks the "Last Update" date for the supplier’s classification details and allow administrators to schedule reminder
notifications to be sent to each supplier as this information becomes due.
This feature will significantly reduce risk and administrative burden for buying
organizations because they will no longer need to manage the recertification process
manually.

Third Party Payments

Third party payments help parties engaged in business set off their liabilities without directly paying them. This reduces the direct funds movements and enables transactions to be settled easily. When customers are making payments from their Payables system, Oracle E-Business Suite Release