Late Charge 11i v/s R12 in Oracle Apps

11i:-

• Finance Charges
• No Preview / Correction possibility
• Setups and calculation at multiple products and localizations
• Tiered of Charges not possible
• Fixed Amount (Penalty / Admin Charges) not supported
• Not possible to exclude of Disputed Amounts
• No Flexibility for Mode of Charging

R12:-

• Late Charges
• Allows Preview / Correction possibility
• Centralized Late Charges Setup
• Allows charging Tiered looking at how old the amount due is!
• Fixed Amount charge is supported
• Exclusion of Disputed Amounts supported OOTB
• Flexible Mode of Charging
• Interest Invoice
• Debit Memo
• Adjustment