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 |
|---|---|---|---|
| 13 MAR 2023 | General Ledger | Updated document. Delivered new feature in update 23A. | |
| 13 MAR 2023 | General Ledger | Updated document. Delivered new feature in update 23A. | |
| 24 FEB 2023 | Payables | Fuzzy Matching of Description Between Invoice Lines and Purchase Orders |
Updated document. Delivered new feature in update 23A. |
| 20 DEC 2022 | Common Financials | Get News Feed Suggestions On Your Next Likely Actions | Updated document. Delivered new feature in update 23A. |
| 02 DEC 2022 | Created initial document. |
HAVE AN IDEA?
We’re here and we’re listening. If you have a suggestion on how to make our cloud services even better then go ahead and tell us. There are several ways to submit your ideas, for example, through the Ideas Lab on Oracle Customer Connect. Wherever you see this icon after the feature name it means we delivered one of your ideas.
GIVE US FEEDBACK
We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com.
DISCLAIMER
The information contained in this document may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle.
This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices and Terms of Use for further information.
Collaboration Messaging Framework
Collaboration Messaging Framework
Receive a Brazil Electronic Freight Other Services Invoice
Use the new SEFAZ Brazil Electronic Freight Other Services Invoice V3.00 message to receive electronic freight invoices for other transportation related services.
Send and Receive UBL PEPPOL Electronic Invoices
Send and receive Pan-European Public Procurement Online (PEPPOL) Business Interoperability Specifications 3.0 invoices to and from PEPPOL access points using the new Universal Business Language (UBL) PEPPOL outbound and inbound invoice messages.
Resend Approval Email Notifications
Leverage the ability to resend email notifications for any in-progress transactions in the Transaction Console.
Service Excellence Continuing Investments
In this update, our ongoing investment in service excellence includes improvements in performance, resiliency and usability. Refer to the What's New for more information.
Workflow Rules Report for Financial Workflows
Use the enhanced Workflow Rules Report to review the rules configured in Oracle Business Process Management (BPM) for financial workflows. This report shows the details of rule conditions and approval routing for each rule. This report was first introduced in update 18C for Invoice Approval, Journal Approval, and Expense Report Approval workflows.
Workflow administrators can use this report to ensure that any rules defined or modified in Oracle Business Process Management (BPM) adhere to recommended best practices. In update 23A, this report is enhanced for following financial workflows:
- Automatic or Manual Credit Request Processing
- Bank Account Transfer Approval
- Bankruptcy Request Approval
- Cash Advance Approval
- Credit Request Approval
- Credit Request Approval Postprocessing Action
- Delegation of Corporate Card Transactions for Inactive Employees
- Hold Resolution
- Incomplete Invoice Hold
- Intercompany Transaction Approval
- Intercompany Transaction Distribution Entry
- Invoice Account Coding
- Manually Entered Credit Request Completion
- Payment Approval
- Spend Authorization Approval
Use the Workflow Transaction Console to monitor workflow tasks and resolve exceptions for the Payment Approval workflow. The Workflow Transaction Console was introduced in update 19D for the Invoice, Expense, and Journal workflows. In update 23A, the Workflow Transaction Console is enhanced to display the workflow tasks related to the Payment Approval workflow.
Get News Feed Suggestions On Your Next Likely Actions
Get suggestions on your next likely actions in your news feed layout. This feature is currently in Controlled Availability and is available in Oracle Fusion Cloud Financials and Oracle Fusion Cloud Project Management. Artificial intelligence and machine learning algorithms predict and suggest the actions each user is most likely to take during a session. The algorithms use historic navigation behavior and patterns of each user and users like them to determine which navigation target they’re most likely to visit.
Apply Budgetary Control on Internally Sourced Requisitions Expensed to Projects
Check for funds availability and reserve funds against control budgets when you raise internally sourced requisitions that are expensed to projects.
Budgetary Control Reservation of Invoice Payments When Cash Budget Has Insufficient Funds
When insufficient funds exist in the cash control budget, choose to pay an invoice. This helps in making critical payments even when budgetary control reservation fails.
Future-Dated Journal Posting Control in Open Periods for Average Daily Balance Ledgers
Configure controls to prevent future-dated journals from posting to an open period in average daily balance ledgers. Specify a cutoff date within an open period for which journal batches with an accounting date after the cutoff date cannot be posted. This enables GL revaluation and translation to process account balances that do not include future-dated journals.
Improvements in Segment Attribute Labels in General Ledger Oracle Transactional Business Intelligence (OTBI) Subject Areas
The attribute names in the Balancing Segment, Cost Center, and Natural Account Segment folders for the General Ledger subject areas have been changed to Tree Filter, Value, and Description.This ensures consistency when viewing folders in the subject areas.
Legal Entity Dimension Display in General Ledger Subject Areas in Oracle Transactional Business Intelligence (OTBI)
View and report on the Legal Entity common dimension in the OTBI General Ledger - Transactional Balances Real Time and General Ledger - Transactional Average Daily Balances Real Time subject areas. This provides an immediate view of the Legal Entity dimension, similar to the other Financial subject areas.
Operational Query Capability for Average Daily Balance Ledgers Using OTBI
Generate reports on the daily activity, average, and end-of-day balances using the General Ledger - Transactional Average Daily Balances Real Time OTBI subject area.
Carried Interest Configuration and Tracking
Distribute joint venture transactions according to the terms and conditions of a carried interest agreement. Carried interest agreement processing enables the tracking and reporting of amounts that consenting partners carry for nonconsenting partners in a carried interest agreement. The feature provides timely and accurate processing of carried interest agreements and eliminates errors associated with manual processing.
Editing Status for Overhead Methods
Use the "Editing" status for joint venture overhead methods to make changes to the attributes of the overhead method. The existing "Pending" status is replaced with the "Editing" status. This ensures consistency across joint venture applications with easier rules about which attributes can be changed at what state in the process.
Nonoperated Joint Venture Invoicing
Pay the joint venture managing partner of a nonoperated joint venture for cost distributions. This enables a nonoperating partner using Oracle Joint Venture Management to automatically create payments and settle the costs with the joint venture operator.
Operational Reporting for Oracle Joint Venture Management
Oracle Transactional Business Intelligence (OTBI) for Joint Venture Management enables operational reporting of joint venture transactions along with their associated general ledger, subledger accounting, and overhead information. The reports provide insight into joint venture operations, with sorting and summarization by joint venture, stakeholder, account, and joint venture source transactions. Operational reporting helps ensure efficient and timely data review and reconciliation. Create custom report templates based upon specific business needs, to help ensure a quick financial close with better insight into overall joint venture operations.
Reversal of Processed Joint Venture Distributions
Reverse previously processed joint venture distributions. The reversal creates a credit or debit memo for distributed amounts and leaves the joint venture distribution eligible for assignment to another stakeholder and for downstream processing. Reversals of processed joint venture distributions helps managing partners resolve disputes raised by partners, saves time, and reduces potential errors caused by manual processes used to settle disputes.
Exchange Gain or Loss Treatment in Foreign Currency Manual Subledger Journals
When entering a foreign currency journal in the Create Subledger Journal Entry page or spreadsheet, the system automatically calculates any currency exchange gain or loss and records it as a balancing line. This ensures foreign currency gains and losses are recorded when entering subledger manual journals.
Monthly and Lifetime Rate Limit Enforcement for Miscellaneous Policies
Enforce monthly and lifetime rate limits for miscellaneous expenses. Use this feature to enforce policies where a certain expenditure is allowed only a certain number of times within a specified time period. For example, set a limit for the maximum reimbursement allowed for internet charges every month.
Preconfigured Merchant Category Code Mapping to Expense Types
Use preconfigured mapping of merchant category codes to corporate card expense types. This reduces implementation effort as customers do not need to create the mapping.
Print Preview for PDF and MS Office Document Attachments in Expense Reports
Generate a print preview of an expense report and any pdf, image, .doc and .xls attachments. Employees and auditors can use this to view and print the expense report and related attachments as a single PDF document.
Cancellation of Unsubmitted Invoices to Expedite Period Closure
Provide Payables supervisors with the ability to cancel unsubmitted supplier portal invoices. This helps improve supplier portal management without having to contact supplier users.
Invoice Line Recognition Rate Details for Monitoring Accuracy
Use the Invoice Lines Recognition Rate Report to track the accuracy of invoice line recognition for invoice documents processed by Intelligent Document Recognition.
Matching of Invoices with Purchase Order Lines with Vendor Credits
Match invoices to purchase order lines with vendor credits. For example, if an item or equipment is being traded in, the supplier provides a credit which is created as a negative line on the purchase order. The matching of invoice lines to negative purchase order lines helps ensure that an invoice accurately reflects the terms agreed upon in the purchase order.
Fuzzy Matching of Description Between Invoice Lines and Purchase Orders
Use the fuzzy matching capability to match invoice lines to purchase orders when multiple lines have the same price and quantity but have minor differences in the description. This feature improves the performance of the matching rules by using the fuzzy matching algorithm to ignore minor discrepancies in the description while matching invoice lines to purchase orders.
VAT Payment in Local Currency for Poland Foreign Currency Invoices
Split payments against foreign currency invoices with a VAT tax line into two payments, one for the line amount in the foreign currency and one for the VAT amount in the ledger currency. This allows the payee bank to credit the VAT amount in the ledger currency to a separate bank account
Credit Score Addition to Collections Customer Profiles
Display credit score information for customers on the corresponding Collections Customer Profile page to improve collections efficiency.
Flexible Wait Time Settings for Collections Strategy by Transaction Type
Specify pre-wait and post-wait times for collection strategies by transaction type. This helps to support more flexible and targeted strategy tasks.
Cost Clearing Reconciliation Improvements Between Fixed Assets and Payables for Asset Additions in Secondary Ledger
Synchronize the secondary ledger currency conversion rate used for Payables invoice accounting with asset additions in the asset book associated with the Assets secondary ledger, when the primary and secondary ledger currencies are different. Using the same conversion rate ensures cost clearing reconciliation between the Payables and Assets subledgers.
Enable lease administrators to change a lease supplier and update supplier payments through an amendment. Lessees often work with different suppliers during the life of the lease due to acquisitions, mergers, supplier renegotiations, and more. Lease administrators can use the amendment process to change suppliers and to create adjustments or issue new payments for payments made before the amendment. The administrator can set up the amendment as of the current date or an earlier date.
Region and Country-Specific Features
Receivables XML Invoice Extract Enrichment for Electronic Invoicing
Enhance the Receivables XML invoice extract to include commonly used data elements for mapping to UBL 2.1 e-invoicing messages. This reduces the need for implementation-specific changes.
SAF-T Enhancements for Luxembourg and Romania
Extend the generic SAF-T solution to accommodate additional data element requirements from Luxembourg and Romania.
Assignment of U.S. Federal Attributes to Purchase Orders During Import
Update the required US Federal attributes for purchase orders using the import interface to ensure compliance with regulatory reporting requirements of the Government-wide Treasury Account Symbol Adjusted Trial Balance System (GTAS) and Digital Accountability and Transparency Act (DATA Act). This update ensures data integrity throughout the entire process, prevents missing records, and simplifies the steps for GTAS, DATA Act, and CARS reporting.
System for Award Management (SAM.gov) Recipient Information Processing
Upload recipient information from the System for Award Management (SAM) website into US Federal Financials to process a recipient's identification number (UEI), address, and the associated US banking information. The automated process allows for efficient and consistent processing, reduces manual user errors, and provides quick access to review and audit vendor-related information.