This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Product | Feature | Notes |
|---|---|---|---|
| 17 JUN 2022 | Payments | Updated document. Delivered new feature in update 22B. | |
| 27 APR 2022 | Collaboration Messaging Framework | Retrieve Large Purchase Order Payloads for B2B Messaging | Updated document. Added a feature that was backported to update 22B in the May monthly maintenance pack. |
| 18 MAR 2022 | Common Financials | Simplified Workflow Rules Configuration | Updated document. Delivered new feature in update 22B. |
| 04 MAR 2022 | Created initial document. |
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Collaboration Messaging Framework
Collaboration Messaging Framework
Retrieve Large Purchase Order Payloads for B2B Messaging
Configure Oracle Collaboration Messaging to process very large outbound purchase orders when B2B communication is initiated. The payload for a very large purchase order is retrieved in smaller parts from Oracle Purchasing and then combined and delivered as one purchase order, resulting in improved performance. This feature is available in the May monthly maintenance pack for update 22B.
Different Tax Exception and Tax Exemption Source Taxes
Apply tax exception and tax exemption derived from different source taxes to a related tax of the same regime. This helps reduce the setup and ongoing maintenance of the tax setup, and improve run-time performance during tax calculation.
Simplified Workflow Rules Configuration
Use the Simplified Workflow Rules Configuration feature to create workflow rules using spreadsheets for Payables Invoice Approval and General Ledger Journal Approval workflows. Download the templates using the Manage Workflow Rules in Spreadsheet task to create and manage workflow rules according to your approval policies.This feature was introduced in update 18C. In update 22B, you can now create rules using advanced configurations (rule conditions using functions such as sum, aggregate, count, and others). You can also specify the type and date of currency conversion rates for rules that evaluate transaction amounts in a different currency.
Budgetary Control Analysis Report Enhancements
Use the Budgetary Control Analysis Report to display budget transactions that update budget balances for control budgets with a control level of None as budget balance activities.
Carry Forward Open Purchase Orders for Budgetary Controlled Sponsored Projects
Use the Carry Forward Open Purchase Orders process to move purchase orders associated with budgetary controlled sponsored projects from one budget year to another. The process automatically updates the budget date to the corresponding budget year for these purchase orders.
OTBI Drilldown to Review Budgetary Control Transactions
Drill down from Oracle Transactional Business Intelligence (OTBI) to the Review Budgetary Control Transactions page. Add an action link on a column, such as control budget account, to enable the drilldown using a deep link. A deep link is a URL to open a page without navigating through the application menu structure. Budget managers can easily navigate back and forth from the analysis to the application to review details.
General Ledger Account Details Report Data Model Changes
The data model for the General Ledger Account Details report is enhanced to include additional columns. The new additional columns provide more information about the periodic journal activity for each general ledger account to reconcile beginning and ending account balances.
NOTE: This data model change does not impact the existing report layout. The new additional columns are only viewable in the CSV output and not in the other report delivery output formats (PDF, Excel, HTML).
Journals Report Data Model Changes
The data model for the Journals report is enhanced to include additional columns. View more information about your batches, journals, and journal lines when you export the report to the CSV format.
NOTE: This data model change does not impact the existing report layout. The new additional columns are only viewable in the CSV output and not in the other report delivery output formats (PDF, Excel, HTML).
Classification of Operated and Non-Operated Joint Ventures
Identify joint ventures as Operated or Non-Operated ventures. This attribute enables users to identify their role in a joint venture. This information is useful for reporting and auditing purposes.
Joint Venture Distributions in Entered Currency
Distribute entered amounts on transactions during the joint venture distribution process. Distribution of both the accounted and entered amounts improves reporting and audit processes. It also facilitates the creation of invoices or journal entries in the entered currency, saving time and reducing processing errors.
Joint Venture Management Overhead Method - Percentage of Cost with Sliding Scale Option
Calculate overhead costs using a sliding scale based on incurred costs. Use the existing percentage of costs overhead method with a basis source of General Ledger and Subledger transactions and sliding scale option to specify percentages for the overhead calculation.
A sliding scale enables you to calculate overhead by applying different percentages to different portions of the total cost amount that you are basing the overhead calculation on.
Joint Venture Ownership Definition and Direct Billed Stakeholder Assignment Rules
Assign an ownership definition or a direct-billed stakeholder to joint venture transactions using a configuration based on the transaction's account and project information. Use the configuration to enforce the ownership percentage requirements stated in the joint operating agreement for all accounts that will be distributed to your partners.
Joint Venture Partner Contribution Requests
Create and process joint venture partner contribution requests based on the frequency of processing, requested amount, ownership definition, and direct billed stakeholder. Users can select to not specify a requested amount and instead configure the request to calculate the requested amount during processing based on distributions that are available to process. This solution will save time and reduce errors associated with manual entries.
Partner Contributions for Internal Stakeholders
Enable the creation of partner contributions for internal stakeholders and manually add a reference to the journal entries associated with the contribution. Including internal stakeholders in the partner contribution process saves time and reduces human errors associated with manual processes.
Statistical Journal Entry Creation for Joint Venture Operational Measures
Record statistics for joint venture operations using Joint Venture Operational Measures. Use statistics, such as units of production, employee hours, and utility usage to support cost allocation during period close. This capability creates statistical journal entries based on operational measures using the Joint Venture subledger. Automatic creation of statistical journal entries based on operational measures improves the overall efficiency of the allocation process.
Transaction Date Default Configuration
Configure Joint Venture Management to either use the default transaction date or set the transaction to error if it is blank. Currently, it uses the accounting date as the transaction date if it cannot determine a date using supporting references for transactions originating from the General Ledger and Subledger Accounting. This option ensures that the recorded activity date that determines the ownership percentages to distribute transactions to joint venture partners conforms to the joint operating agreement.
Manual Subledger Journal Transfer to General Ledger by Preparer
Transfer manual subledger journal entries to the general ledger by preparer while creating subledger journals using a spreadsheet or submitting the Post Subledger Journal Entries process. Manual journal entries created by different users are split into separate general ledger journal batches. This facilitates routing the journal batches to different approvers or reviewers based on the preparer. You can also choose to transfer all subledger journals, or exclude only manual journal entries, while submitting the Post Subledger Journal Entries process.
Asset Operations from ERP Integrations REST Service
Create fixed asset transactions, such as additions, adjustments, retirements, or transfers, as asset REST operations.
Use the Lease Amendment Import utility to simplify contract changes. The Lease Amendment Import utility removes or reduces the need for manual intervention during the lease amendment process. Amendments include scope increases, scope decreases, non-financial changes, and changes to the borrowing rate. Import a batch of lease amendments directly into the desired status: Draft, Validated, Complete, or Booked.
Expense Allocation to Projects and Accounts by Amount At Expense Report Level
Allocate specific amounts to a project or expense account during expense report entry. The application calculates the percentage of allocation to the project or account using the amounts entered.
Expense Approval Routing Using Accounting Segments
Configure expense approval rules using accounting segments. This enables companies to route expense reports to account owners for approval, thereby providing visibility into expenses charged to their accounts.
Manual Application of Cash Advances to Expenses
Manually apply cash advances to expenses during expense report submission. Employees can apply the cash advance designated for a specific trip to the corresponding expenses, providing visibility to approvers and auditors.
Manual Submission of All Expenses from Digital Assistant
Enable employees to submit all expenses from the digital assistant, including corporate card charges and cash expenses created from the Expenses web application.
PDF Attachments in Expenses Mobile Application
Enable employees to select PDF documents as attachments to their expenses. Search for and select PDF files that exist on the device.
Adaptive Learning Data Sharing Between Environments for Intelligent Document Recognition
Copy the invoice recognition adaptive learning data from one environment to another, while using Intelligent Document Recognition (IDR) to process supplier invoices. You can perform adaptive learning for IDR invoices on the source environment, and copy this training data onto the target environment. This helps you achieve better recognition results from day one on the target environment.
Adaptive Learning for Invoice Lines Using Intelligent Document Recognition
Use the interactive invoice viewer to correct line information for invoices processed using Intelligent Document Recognition (IDR). IDR uses Adaptive Learning to improve line recognition on subsequent invoices from the same supplier.
Adaptive Learning for Routing Attributes Using Intelligent Document Recognition
Use the interactive invoice viewer to identify information that you want to recognize for Routing Attributes 2, 3 and 4 on the supplier invoice. Intelligent Document Recognition (IDR) uses adaptive learning to recognize these attributes for subsequent invoices for the same supplier.
Legal Entity Recognition from Invoice Document
Use Intelligent Document Recognition to recognize the legal entity on the invoice image through key elements such as the bill-to location and the legal entity registration number. This helps in accurate tax calculation without user intervention.
Receipt-Matched Invoices for Catch Weight Items
Create receipt-matched invoices for catch weight items using the pricing unit of measure. The pricing unit of measure is the secondary unit of measure on the receipt. A segment of customers in industries such as food and beverages procures catch weight items that vary in concentration or weight. These items are ordered and shipped in one unit of measure, for example Cases, and priced in a different unit of measure, for example Pounds. In existing functionality, receipt-matched invoices must be in the receiving unit of measure and not the pricing unit of measure. This enhancement allows the shipping and receiving in one unit of measure and buying in another for catch weight items.
Recognition of Specific Internal Suppliers for Invoices Created Using Intelligent Document Recognition
Specify the internal suppliers that you want Intelligent Document Recognition (IDR) to recognize while using IDR to create supplier invoices. Use a distinct supplier type for internal suppliers from whom you receive invoices. IDR uses this information to accurately predict the supplier when there is no external supplier address available on the invoice.
Recognition of Supporting Document Separators for Invoices Using Intelligent Document Recognition
Specify supporting document separators to enable Intelligent Document Recognition (IDR) to distinguish supporting documents from the primary supplier invoice. This ensures that IDR extracts invoice information only from the primary invoice document.
Fiserv SnapPay Integration and Credit Card Processing
Use Fiserv SnapPay for processing your credit card payments. Fiserv SnapPay is a cloud-based solution that integrates with payment gateways/processors for payment processing. With this feature, you can tokenize credit cards and make payments on a secure payment page hosted by Fiserv SnapPay. This feature also lets you do various merchant-initiated transactions such as authorization, capture, refund, and status inquiry.
Additional Data Points for Collections Scoring
Provide the following data points at customer, account and site levels for collections scoring to improve collection efficiency.
- Amount Past Due More Than 15 Days
- Age of Latest Payment
Enhanced Customer Account Level Setup for XML Invoice Delivery
Enhance the XML Invoice Delivery setup on the customer account profile to include only customer sites without a preferred delivery method of Print or Email. This provides a more focused delivery of XML transactions to the related sites belonging to the customer account.
Enhancements to the Receivables Aging by General Ledger Account for Multifund Accounting Report
Run the Receivables Aging by General Ledger Account and Multifund Accounting report from Scheduled Processes. Generate a consolidated report for all balancing segments, and review the report from the output section of the process.
Management of Negative Invoice Line Amounts and Transaction Completion
Provide additional controls during invoice entry and completion. If the transaction type assigned to an invoice created using AutoInvoice or the Create Transaction page has a Creation Sign of Positive, then all invoice lines must have a positive sign. This helps prevent inadvertent entry of negative line amounts that would affect the overall invoice amount. In addition, after the creation of an invoice or a credit memo using AutoInvoice or the Create Transaction page, the transaction remains Incomplete and can be completed only after the designated approver reviews and confirms the accuracy of the transaction. This helps financial managers maintain transaction integrity according to business requirements.
Region and Country-Specific Features
Withholding Certificate Generation At Tax Rate Code Level for Argentina
Generate the withholding tax certificate at the tax rate code level instead of the tax level for Argentina. This reduces the number of taxes to simplify the Tax setup and improve tax processing.
Fiscal Documents for Standalone Transactions
Use the Import Standalone Fiscal Documents FBDI to import sourceless transactions and corresponding fiscal attributes in order to generate fiscal documents.
Fiscal Document XML Generation Simplified Processing
Use the fiscal document xml generation simplified processing to execute all ESS jobs to generate a fiscal document XML file in a single request.
On-Account Credit Memo Processing in the Electronic Invoice Flow for India
Include the processing of on-account credit memos in the electronic invoice flow for India to generate a tax invoice number for credit memos not linked to a source transaction. This is in accordance with legislative changes in India.
Bonus Depreciation Calculation Basis for Japan
Apply a percentage of the asset cost or annual depreciation amount to calculate bonus depreciation deductions for assets, in accordance with the accelerated depreciation requirements in Japan. Select all periods or a subset of periods to calculate the bonus depreciation.
Virtual Account Number Support in Lockbox Using Zengin Format for Japan
Include the virtual account number of a customer account or site provided by a Japanese bank in a Zengin lockbox to identify customers and process their payments. A new Zengin Format for Japan control file includes a Virtual Account Number field that can be used to identify the customer account or site for receipt creation and cash application. If the customer account cannot be identified, the alternate payer name is used to identify the customer and issue receipts.
JPK VAT Register for Poland with January 2022 Legislative Update
Generate the JPK VAT Register for Poland with the January 2022 legislative updates to comply with the latest legislative reporting requirements.
First Party Tax Registration Number Enforcement on Payables and Receivables Transactions
Enforce the setup of First Party Tax Registration Number in countries where the tax reporting is based on this number. This ensures that the First Party Tax Registration Number is always stamped on transactions and appears on all related tax reports.
Single Step Submission of Select Transactions for Tax Reporting and Tax Allocation Processes
Submit the Select Transactions for Tax Reporting and the Tax Allocation processes in one step. This streamlines and improves performance of the reporting process.
U.S. Federal Treasury Payment Schedules
Confirm federal payments made to the Treasury and create budgetary accounting for Treasury confirmation transactions that complies with the U.S. Standard General Ledger requirements.