Author: Paul Evans, ERP Lead, Namos Solutions
Each quarter Oracle Cloud Applications release their latest set of feature enhancements. This means every three months we all benefit from those enhancements requests that we though would never see the light of day but as if by magic they sometimes get released. The downside is we have to scrutinise the release notes to see what this practically means for customers and consultants. Here is my take on the latest release 20D, which will be rolled out from November 2020.
My highlights of enhancements for your Oracle Financials Cloud 20D:
Manage Dependencies Between Chart of Account
No more having to rely on multiple Cross Validation Rules, build the dependencies in the value sets so only the valid values can be selected…hallelujah!!!
This enhancement has been hanging around for a while and the ‘Manage Dependencies Between Chart of Accounts Segments’ might just be my favourite, ERP enhancement, ever. Previously, users had to rely on ‘Cross Validation Rules’ to highlight when an invalid combination of segment values were being inputted. With this new enhancement you can now configure the value sets so that the segment values are dependent on other segment values. This means you can limit the choice to the users, to only the valid values, before hitting the CVR rule.
I’m really looking forward to showing how this can benefit our customers.
Oracle Fusion Expenses – Expense Detail Capture From Receipts
Anyone using the Expense App will appreciate the scanning of receipt option available to enter Expenses. There is now enhanced receipt scanning capability in the Expenses iOS application for better accuracy. The application now populates more of the expense details in the Enter Expense screen. This reduces the manual entry and simplifies the user experience, which is what all our users want right?
Oracle Fusion Expenses – Project Code Entry Using the App
I love the Expenses mobile app, but one of my frustrations has always been about having to login into Fusion Expenses to add the project code to my uploaded expenses. Well, not anymore.
You can now assign a project and task to an expense, through the Expenses mobile app by using the searchable list of projects on the Add Expense screen. Employees can select projects from their list of recently used five projects or search the full project list. A small but great enhancement.
Oracle fusion General Ledger – Prevent Closure of GL Period When Subledger Periods Are Open
If you don’t want your users closing the General Ledger accounting period, when you still have subledger entries hanging around, then you can stop them pulling the trigger on the close GL period function
If you choose to enable this new feature, the period close process prevents the corresponding General Ledger accounting period from being closed if any of the following exceptions exist:
- Period Status exception
- Subledger accounting periods are not closed
- Transaction exception
- Unprocessed and non-transferred subledger transactions
- Pending Intercompany transactions
- Pending transactions in the General Ledger interface
- Unposted transactions in General Ledger
A useful feature introduced for users that encounter errors on their Create Accounting process. This represents a vast improvement on the previous process having to download and correct them using the spreadsheet add in.
Users can now review subledger accounting and transfer to General Ledger errors by Oracle subledgers and ledger using a new user interface called Manage Accounting Errors.
You can search for accounting exceptions by error categories or transaction number, and also navigate to relevant tasks, resolve the error, and submit the accounting process again. After you have corrected the accounting errors, you can submit the Create Accounting process again for the erroneous records.
Oracle Fusion Payables – Invoice Scanning, Now With Attachments
Customers who make use of the invoice scanning functionality can now receive attachments with the invoice. This is useful for including supporting documents that substantiate the claims made in the invoice such as time sheets for service invoices or usage reports.
A variety of formats are available (PDF, Word, Excel, and image files). As a little bonus you can also refer to the attachments when configuring approval rules.
Oracle Fusion Assets – New Reporting Amount Fields
The following reports are enhanced to display historical and revalued amounts separately for the UK Government revaluation enabled asset books.
- Asset Category Change Report
- Asset Transfer Report
- Asset Retirements Report
These reports now include a Revalued Cost, Backlog Depreciation Reserve amounts and account fields.
As I said earlier these will come into force from next month (November 2020) so look out for them. Please feel free to contact me or anyone at Namos Solutions for more information.
About Namos Solutions
Namos Solutions are an award-winning Oracle OPN Modernised Partner specialising in the implementation and support of ERP, EPM and HCM business solutions, both in the Cloud and on-premise.
With global experience together with an impeccable track record, our business is built on our passion for delivering successful business transformation. Passion underpins everything we do at Namos – passionate about delivering beyond expectations, earning trust and building long-lasting relationships with our clients.
Although based in central London, we work wherever our clients need us to be. Many leading organisations located all over the world trust and rely on our expertise to deliver industry-leading business solutions. Namos customers can currently be found in the UK, Europe, Middle East, Asia Pacific, North America and Africa.
For more information, please visit www.namossolutions.com or email info@namossolutions.com.
