Friday 16 February 2024

Oracle Fusion Cloud Financials 24A What's New

Thursday 1 February 2024

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.

Friday 8 December 2023

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:

Access and Setup: Gain access to Oracle BICC within your Oracle Cloud environment. Configure necessary permissions and roles for users.
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.
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.
Transformation and Modeling: Transform the extracted data as needed. This might include data cleansing, transformations, defining hierarchies, or creating specific data models for analysis.
Data Loading: Load the transformed data into Oracle Analytics Cloud or other reporting and analytics tools for visualization, analysis, and reporting purposes.
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.

Monday 18 September 2023

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.

Thursday 10 August 2023

Oracle Financials Cloud 23C Update

Access through below link:

Oracle Fusion Cloud Financials 23C What's New

Tuesday 1 August 2023

Intelligent Account Combination Defaulting Part-2

Click on below link:

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

Thursday 15 June 2023

Intelligent Account Combination Defaulting for Invoices

Experience intelligent defaulting of accounting information for no-PO invoice lines. This feature uses Al and machine learning algorithms to predict and default segment values of the account code combination on accounts payable invoice lines. AI and machine learning use the historic data patterns and the specific influencing factors for each segment to predict their value.

When the user places the cursor on the distribution combination field for an unmatched invoice line, the segment values are defaulted if the prediction for the segment exceeds the dynamically calculated confidence score threshold. Once any segment values are defaulted, the distribution combination field is highlighted for user review. If a segment is not defaulted, or an incorrect segment is defaulted, the user can enter the relevant value for the missing segment or correct the incorrect defaulted segment value. The Al and machine learning algorithms learn from these edits and use the information to improve the prediction accuracy.

Intelligent Account Combination Defaulting For Invoices

Step by Step guide below

LETS CREATE AND ADD ROLES NEEDED FOR THE ABOVE FEATURE TO WORK.

To use the above AI feature, pls create a role for business intelligence.

Go to – Tools – Security Console – Roles – Create Role

Fill in below information and click next 3 times to reach Role Hierarchy tab.

Search and add below mentioned 3 role hierarchies to this role.

Add this new role created to the user you are logged in or the user who has Applicaton Implementation Consultant as a role associated.

Run ESS job – Import User and Role Application Security Data

NOW, LETS CONNECT TO THE AI APPS AND ESTABLISH A CONNECTION BETWEEN AI APPS AND ORACLE ERP.

Go to Tools – AI Apps Administration

AI APPS Connected, below you can see status as ‘Active’ as I already connected. But you will get status as ‘Processing’ initially and after the connection is made the status changes to ‘Active’.

Click on ‘AI Apps for ERP’ and enter details to establish connection.

Enter details to establish a connection. It usually takes 3-4hrs for your AI model to get trained depending on the data you have in your instance.

Once the model is trained, you will get as below – ‘Trained’.

Once you get this status, pls download the report as you will get your promotion code to activate this offering in that report along with the accuracy of alogorithms to get your code combination defaulted.