This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:
| Date | Module | Feature | Notes |
|---|---|---|---|
| 15 DEC 2022 | Payables | Conversion of Emails Into Attachments for Supplier Invoices Using Intelligent Document Recognition |
Updated document. This feature is not yet available. |
| 24 AUG 2022 | Financials Common | Product Fiscal Classification Defaulting from Purchase Category | Updated document. Revised feature information. |
| 18 JUL 2022 | Expenses | Prepaid Expense Entry | Updated document. Delivered new feature in update 22C. |
| 16 JUN 2022 | General Ledger | Efficiency Improvements for General Ledger Posting Processes | Updated document. Delivered new feature in update 22C. |
| 16 JUN 2022 | Financials Common | Predefined Roles for Oracle Fusion Enterprise Resource Planning for Self Service Cloud Service |
Updated document. Delivered ew feature in update 22C. |
| 03 JUN 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.
NOTE: This feature was also made available in the May monthly update of 22B.
Send UBL PEPPOL Invoice Responses to Suppliers
Use the Universal Business Language (UBL) Application Response message to send Pan-European Public Procurement Online (PEPPOL) Business Interoperability Specifications Invoice Response 3.0 messages to suppliers using PEPPOL access points.
Service Excellence Continuing Investments
In this update, our ongoing investment in service excellence includes improvements in performance, usability, and resiliency. Refer to the What's New for more information.
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 22C, you can now view additional configuration settings for approval routings. You can configure the job level options to better control the approvals. You also have the ability to specify the voting percentage that is needed for the outcome to take effect, such as a majority vote or a unanimous vote.
Predefined Roles for Oracle Fusion Enterprise Resource Planning for Self Service Cloud Service
Oracle Fusion Enterprise Resource Planning for Self Service Cloud Service enables customers to easily provide access to self-service functions, such as expense reporting, timecard entry, and transaction approval to users.
Either use the predefined abstract role Enterprise Resource Planning Self Service User or create a new role and assign it to users who need access to this service. The abstract role is a comprehensive collection of privileges that provide access to all ERP self-service capabilities, including expense reporting, timecard entry, talent profile management, and scheduled process submission. In addition, assign additional predefined duty roles for approvals and reporting access.
Derivation of Tax Rates Based on UOM for Quantity-Based Taxes
Use the transaction Unit of Measure to derive the appropriate tax rate for quantity-based taxes. This allows users to compute, charge, and report accurate tax amounts when multiple UOMs are used for the same item.
Exclusion of Documents from Tax Calculation by Partner
Exclude Payables invoices that result in no taxes calculated by tax partners from the tax partner transaction data extract. This helps improve process performance and reduce payload and processing costs.
Input Tax Rate Code Association for Payables Intercompany Invoices
Set up an input tax rate code that corresponds to an output tax rate code. On the Payables intercompany invoice, the tax engine will then use the input tax rate code associated with the output tax rate code on the Receivables intercompany invoice. This allows the segregation of input and output tax rate codes which can be used to fulfill tax reporting needs.
Product Fiscal Classification Defaulting from Purchase Category
Use the Purchase Category code specified on the transaction line as the Product Fiscal Classification value during tax calculation when the Purchase Category Set matches the Primary Inventory Category Set defined in the Manage Country Default Controls. This enables reuse of tax rules and exceptions for non-inventory purchases that are defined for inventory-based purchases. Such rules can leverage the levels available in Product Fiscal Classification Types, dramatically reducing the number of rule conditions, and improving run-time performance.
Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests
Provide Budgetary Control validation in Payment Process Requests. This validation allows payment of invoices only when funds are available in the cash control budget.
Account Balances Search by Segment Value Description
This enables users to search using business friendly terms without having to remember numeric values.
Efficiency Improvements for General Ledger Posting Processes
The following General Ledger processes can now be run in parallel: AutoPost Journals, Manual Posting of Journals, and AutoReverse Journals. In addition, users can also run many instances of the AutoPost Journals process at the same time.
Consistent Use of Project Attributes Across Joint Venture Management
Consistently display project attributes across the Joint Venture Management module. Display Project Number, Project Name, Task Number, Task Name, Expenditure Type, and Expenditure Description across all applications and reports. This ensures clarity and a consistent user experience across the Joint Venture Management processes.
Descriptive Flexfields Configuration for Joint Venture Management
Configure descriptive flexfields to add additional fields beyond what is provided in the Joint Venture Management work areas.
You can configure descriptive flexfields for the following work areas:
- Joint Ventures
- Stakeholders
This helps customers track and report on additional information unique to their organizations.
Designation of Distributable Accounts As Distribution Only
Designate accounts for a joint venture as Distribution Only for transactions that aren’t directly related to costs or revenue. Distribution only accounts are processed but not invoiced. Joint Venture Accounts Sets provide an easy and flexible method for specifying the accounts by using filter criteria to support single accounts, ranges of accounts, and the exclusion of accounts.
This option facilitates invoicing and financial reporting and reduces maintenance activities.
Display Projects Associated with the Joint Venture in Distributable Project Values
Configure a descriptive flexfield in Project Management to associate a joint venture to a project. Only those projects associated with the joint venture are listed while defining distributable project values in a joint venture definition and while selecting projects in ownership definition assignment rules.
This option improves efficiency when defining joint ventures and ownership definition assignment rules.
Joint Venture Account Sets to Identify Distributable Accounts
Assign Joint Venture Account Sets to joint ventures to identify the accounts whose transactions will be distributed to the joint venture partners rather than using the Distributable Segment Values configuration. Joint Venture Account Sets provide an easy and flexible method for specifying the accounts by using filter criteria to support single accounts, ranges of accounts, and the exclusion of accounts.
Using Joint Venture Account Sets in place of distributable segment values, which required users to specify each individual account separately, reduces the likelihood of user-introduced errors when identifying accounts. Account maintenance is reduced because the Joint Venture Account Set can be based on a range which would automatically include dynamically created accounts.
Joint Venture Management Overhead Method – Rate Based on Operational Measure
Provide an additional overhead method where the calculation is based upon a rate applied to operational measures. This method provides the ability to calculate overhead based upon operational measures recorded for a specific period, the beginning of the year through a specific period, or the inception of the joint venture through a specific period.
This new method ensures compliance to the joint operating agreement by ensuring accurate calculation and distribution of overhead costs.
Expense Allocation Line-Level Split with Multiple Selections
Allocate specific percentages or amounts to a project or expense account at line level during expense report entry. The application allows for selecting one or more lines to specify split allocations applicable to the selection made. You can create multiple such selections with varying split allocations inside the report.
Expense Item Creation from Receipts Emailed from Personal Email Address
Allow employees to send expense receipts from personal email addresses to create expenses. This enables the Expenses application to recognize receipts forwarded from personal addresses as valid expenses and create these expenses automatically.
MasterCard Adjustment Code Exclusion
Exclude specific adjustment codes that indicate payments from MasterCard transaction files. This will help prevent overpayment to card issuers.
Notification and Expense Report Enhancements for Manually Applied Cash Advances
Display cash advance details in reimbursement notifications and provide detailed breakdown of cash advances applied in the View Expense Report page. Enable cash advance details in the Printable Expense Report template.
Allow employees to enter prepaid expenses in expense reports. Create prepaid expenses using the Expenses REST service. Prepaid expenses are travel expenses that a company reimburses directly to a vendor before or after an employee enters them in an expense report. Entering these expenses in expense reports allows companies to accurately allocate these expenses.
Reimbursable Currencies in Expense Reports by Business Unit
Configure reimbursable currencies available for selection in expense reports by business unit based on local and regional regulations. This allows companies to limit the reimbursable currencies available for selection in expense reports and reduce errors.
Tax Recoverability Determination for Expense Payment Requests
Determine the tax recoverability of payment requests based on the employee legal entity location, expense type, and expense location. This provides additional flexibility in managing tax recoverability of payment requests without the need to use multiple expense types.
Form 1099-MISC and Form 1099-NEC for Tax Year 2022
Generate Form 1099-MISC and Form 1099-NEC for Tax Year 2022 according to the new layout published by the US Internal Revenue Service (IRS). Both forms have been converted from an annual revision to continuous use. The year for which returns are being filed is printed dynamically on the report. Box number 13 of Form 1099-MISC is now assigned to the Foreign Account Tax Compliance Act (FATCA) filing requirement checkbox. As a result, the box numbers 13 through 17 are renumbered to box numbers 14 through 18, respectively.
Simplified Activation of Intelligent Document Recognition
Activate and view the activation status of Intelligent Document Recognition using the Manage Intelligent Document Recognition Options task.
Budgetary Control Invoice Payments for Cash Budgets in Manage Payment Process Requests
Provide Budgetary Control validation in Payment Process Requests. This validation allows payment of invoices only when funds are available in the cash control budget.
Payment Approval Based on Payment Process Request Total Amount
Define payment approval workflow rules based on the total amount in a payment process request. Workflow administrators can route the payment process requests to multiple approvers based on the total amount in the payment process request.
Attachment Category Enhancement in Dispute Creation
Select from the complete list of attachment categories when adding attachments to a dispute against a customer transaction.
Portal Upload as a Delivery Method for Customer Transactions
Select the Portal Upload option as the preferred delivery method in a customer profile, instead of Print, Email or XML, for transactions uploaded to a supplier portal or external system. This can increase the process efficiency of delivery of transactions to customers that make use of an external portal.
The Portal Upload option as a preferred delivery method is also supported by:
- The Receivables Invoice REST API when updating the print attributes of transactions
- The Customer Profile SOAP service when creating or updating a customer profile
- File-Based Data Import (FBDI) for Customer Import for a customer profile.
Lease Disclosure Summary Report
Use the Lease Disclosure Summary Report to summarize lease expenses, cash flows, future lease payments, weighted average items, and lease details. This report helps lease administrators and accountants create the lease disclosures for IFRS16 and ASC42 financial reporting.
Capture and track important lease-related milestones. Many decisions and events need tracking throughout the lifecycle of the lease, such as providing documents, early termination options, renewal options, terminations, and more. Missing these events or decisions could have financial impacts by incurring penalties, paying additional costs, or missing incentives. The lease administrator can capture milestones for leases, assets, payments, and options. Each milestone has an associated date, notification date, and responsible users. Notifications are sent to the responsible user until the milestone is complete.
Capture lease-related rights and obligations. There are many terms and conditions on a lease, and the lease administrator needs to know the rights and obligations. Rights are entitlements granted by the lessor to the lessee. Examples include the right to sub-lease, roof rights to install antennas or satellite dishes, and the right to put signage on the building. Obligations outline which party is responsible for performing or paying for specific services, costs, or duties. Examples of obligations include building security, parking, and maintenance.
Use the Lease Termination Import utility to simplify end-of-lease activities such as exercising or canceling options and terminating leases. As leases move through their lifecycle and come to the end of the term, lessees need to make decisions related to each of these activities, and each one impacts the lease term, balances, and payments. The Lease Termination Import utility removes or reduces the need for manual intervention during the end-of-lease processes.
Region and Country-Specific Features
Generic SAF-T Assets Extract by Legal Entity
Use legal entity as a filtering parameter when generating the assets section of the generic SAF-T extract. This aligns the Asset section with other sections of the SAF-T extract to provide a complete legal entity view.
VAT Reporting Performance Improvements
Enhance the overall performance of VAT reporting with improvements to extraction and data processing.
Control of Payment Terms and Installments on Brazilian Transactions Using a REST API
Use the Receivables REST API to update the installment due date and generate automatic bank occurrences on transactions associated with collection documents that were sent to the bank.
Corporate Card Issuer Payments Using Collection Documents for Brazil
Process corporate card issuer payments using Brazilian collection documents. Collection documents, along with processing payments for regular suppliers, can also process payments for credit card issuers registered as parties in Cloud ERP.
Derivation of Tributary Situation Codes for the Return-to-Vendor Fiscal Document XML Extract
Derive the Brazilian Tributary Situation Codes (CST) for tax on goods and include the correct outbound codes in the fiscal document XML extract file for return-to-vendor shipment transactions.
Fiscal Document Generation for Brazil When Order and Item Primary UOMs Differ
Generate fiscal documents from Shipping using a unit of measure different from the item primary unit of measure. This removes a previous restriction to use the item primary unit of measure on sales orders when Fiscal Document Generation for Brazil is enabled.
Oracle Cloud ERP Financials has been certified according to the IDW PS 880 standard, based on the latest GoBD, German accounting and data access principles, published by the German Ministry of Finance. The Auditing Standard IDW PS 880 of the Institute of Public Auditors in Germany (IDW) is used for software audit processes. In connection with GoBD the audit process assesses accounting-related software products and supports compliance with legal and regulatory requirements for companies in Germany.
U.S. Federal Business Event Type Codes (BETC) and Trading Partner Attribute Validation on Journal Lines
Assign Business Event Type Codes (BETC) and Trading Partner Attributes on journal entry lines to properly record cash transactions for Classification Transactions and Accountability (CTA) reporting. Federal Program Agencies use the CTA system to report monthly accounting activity to the U.S. Treasury's Bureau of the Fiscal Service. The accounting information submitted through the CTA component serves as a basis for Treasury's publications to Congress and the public, regarding federal revenues and expenditures.
U.S. Federal Purchase Order Attributes
Assign U.S. Federal attributes on purchase orders for Governmentwide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and Data Act Reporting.
U.S. Federal SAM Supplier Import Into Federal Financials
Use automatically imported System for Award Management (SAM) supplier data to support federal agency obligation, accounts payable and disbursement processes. The Office of Management and Budget (OMB) requires agencies to use information in SAM as the official source for making payments to suppliers, with certain exceptions. Current and potential government suppliers must register in SAM to be awarded contracts by federal agencies.