Exciting New Features in Oracle Cloud Financials – 25A 🚀

Oracle continues to enhance Cloud Financials with new capabilities that drive automation, efficiency, and real-time insights. The latest update introduces powerful features designed to streamline financial operations and improve decision-making. Let’s take a look at some key highlights!

🔹 1. AI-Powered Invoice Processing

Oracle has introduced enhanced AI and Machine Learning capabilities to automate invoice processing. The system can now:
✅ Auto-capture invoice details from attachments.
✅ Suggest account coding based on past transactions.
✅ Reduce manual intervention, leading to faster approvals.

🔹 2. Advanced Reconciliation Dashboard

Finance teams can now enjoy a comprehensive reconciliation dashboard with:
✅ Real-time tracking of unmatched transactions.
✅ Automated variance analysis for quicker resolution.
✅ Integration with cash management for improved accuracy.

🔹 3. Enhanced Budgetary Controls & Forecasting

This update brings:
✅ Predictive forecasting using historical financial data.
✅ Real-time budget tracking with alerts for spending deviations.
✅ Integration with Oracle EPM for unified financial planning.

🔹 4. Self-Service Reporting & Analytics

Finance users can now create custom reports without IT involvement! Features include:
✅ Drag-and-drop report builder with OTBI enhancements.
✅ Improved BI Publisher templates for automated financial statements.
✅ New visualization tools for real-time business insights.

🔹 5. Automated Tax Compliance & Global Reporting

To support compliance, Oracle has added:
✅ AI-driven tax validation and compliance checks.
✅ Real-time GST/VAT calculations for global entities.
✅ Enhanced country-specific regulatory reporting templates.

Oracle Financial Update - 24D

 🚀 Exciting News for Oracle Financials Users! 🚀

Oracle Cloud Update 24D introduces a powerful enhancement to Segment Value Security in Oracle Financials. This feature gives organizations even greater control over their financial data by allowing refined access management based on segment values module wise. With this update, you can now:

🔐 Ensure tighter control over sensitive financial information module wise.
📊 Restrict access to specific chart of account segment values, enhancing security and compliance.
🔍 Simplify auditing and reporting processes by enforcing access rules at a granular level.
🛠️ Improve operational efficiency by ensuring users only see the data relevant to their roles.

This update will help organizations enforce stronger financial controls while maintaining the flexibility to meet complex business needs. 💼💡

 

General Ledger 24B: Accounting Data Archive and Purge

1. Setup and Maintenance - Manage Archive and Purge Policies

2. Select archive and purge years

3. Prepare the business objects

4. Scheduled process kicks in and starts preparing the business object.

5. Once succeeded, select the ledger, BSV and retention years.

6. Click on Enable once your object is prepared.

 BILL MANAGEMENT

It's a self-service approach that reduces customer inquiries and also reduces the tasks that the organization does of reminder customer to pay bills, print & mail bills, identify their outstanding transactions. 

Using this functionality just needs to register your customers as external users, customers will also be able to make online payments, print transactions, dispute transactions (if authorized)

Sample screenshot:

Oracle Update 24A highlights

 Oracle Fusion Cloud Financials 24A What's New

 AUTOMATED DISTRIBUTION CREATION USING A TRANSACTION ACCOUNT DEFINITION

Use a transaction account definition to simplify invoice account defaulting. Configure a set of rules in Transaction Account Builder to derive an account combination based on designated attributes.

A transaction account definition eliminates these manual activities:

• Providing the account combination during invoice creation process
• Providing account combination details through the account coding workflow process
• Reviewing the account combination details during the invoice approval workflow process.

Oracle Business Intelligence Cloud Connector (BICC)

 The Oracle Business Intelligence Cloud Connector (BICC) is a cutting-edge technology that seamlessly bridges the gap between Oracle Cloud applications and Business Intelligence solutions.

It enables effortless extraction, transformation, and loading (ETL) of data from various sources into Oracle Analytics Cloud, facilitating robust analytics and reporting.

BICC empowers businesses by providing a unified platform to effortlessly integrate and analyze data, driving informed decision-making and unlocking deeper insights across the organization.

Some quick steps:

1. Access and Setup: Gain access to Oracle BICC within your Oracle Cloud environment. Configure necessary permissions and roles for users.

2. 
   

3. Data Source Configuration: Define and configure the data sources you want to connect to. This involves specifying connections to various databases, applications, or files where your data resides.

4. 
   

5. Data Extraction: Use BICC to extract data from your configured sources. This could involve creating data sets or defining specific queries to retrieve the required information.

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7. Transformation and Modeling: Transform the extracted data as needed. This might include data cleansing, transformations, defining hierarchies, or creating specific data models for analysis.

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9. Data Loading: Load the transformed data into Oracle Analytics Cloud or other reporting and analytics tools for visualization, analysis, and reporting purposes.

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11. Monitoring and Maintenance: Regularly monitor the data extraction, transformation, and loading processes for any issues or errors. Maintain the connections, data models, and configurations as per evolving business needs.

Asset Important Lookups

 ORA_FA_ALLOW_GROUP - TO allow group depreciations and specify asset books.

ORA_FA_ALLOW_REVAL - To allow asset revaluations and specify asset books.

ORA_FA_ALLOW_CAP - for capitalization thresholds and specify asset books.

Oracle Financials Cloud 23C Update

Access through below link: 

Oracle Fusion Cloud Financials 23C What's New

Intelligent Account Combination Defaulting Part-2

Click on below link: 

https://www.linkedin.com/pulse/ai-oracle-financials-part-2-jatinder-singh