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.