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 |
|---|---|---|---|
| 28 JUL 2023 | Subledger Accounting | Suspense Account Clean Up Assistance | Updated document. Delivered new feature in update 23B. |
| 31 MAY 2023 | Collaboration Messaging Framework |
Retransmit Unsuccessful B2B Messaging-Enabled Purchase Orders | Updated document. Added a feature that was backported in the May monthly update of 23B. |
| 19 MAY 2023 | Financials Common | Simplified Workflow Rules Configuration Enforcement for Journal and Invoice Approval Workflows | Updated document. Delivered new feature in update 23B. |
| 27 APR 2023 | Subledger Accounting | Updated document. Delivered new feature in update 23B. | |
| 27 APR 2023 | Regional Shared Features | Impact of Performance Improvements for the Account Analysis Report on Subledger Accounting Reporting Account Analysis Reports | Updated document. Delivered new feature in update 23B. |
| 27 APR 2023 | Collaboration Messaging Framework | Define the File Extension for Your B2B Messages Delivered by Email or an Oracle Content Repository | Updated document. Added a feature that was backported in the April monthly update of 23B. |
| 27 APR 2023 | Collaboration Messaging Framework | Specify the Sender's Email Address for Outbound B2B Messages | Updated document. Added a feature that was backported in the April monthly update of 23B. |
| 31 MAR 2023 | Payables | Performance Evaluation Reports for Intelligent Account Combination Defaulting |
Updated document. Delivered new feature in update 23B. |
| 03 MAR 2023 | Created initial document. |
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Collaboration Messaging Framework
Collaboration Messaging Framework
Log In-Process Inbound B2B Messages
Inbound B2B messages are now logged when their status is in-process. They're displayed in Collaboration Messaging History and are available for reprocessing in the case of unexpected errors.
Update Rules for Processing Complex Change Requests in Inbound Order Acknowledgments
Support additional PO acknowledgment scenarios, including automatically accepting promised ship and delivery dates, price updates as part of item substitutions, and supplier part number corrections.
Exchange B2B Messages with Your Trading Partners Using TIE Kinetix
Use the TIE Kinetix service provider for your B2B and electronic invoicing needs, including connectivity with your trading partners via the Pan-European Public Procurement Online (PEPPOL) network.
Define the File Extension for Your B2B Messages Delivered by Email or an Oracle Content Repository
Specify the file extension that meets your business process requirements when delivering B2B message files using email or the Oracle content repository.
Specify the Sender's Email Address for Outbound B2B Messages
Define the email address you want to use for sending B2B messages to your trading partners by email.
Retransmit Unsuccessful B2B Messaging-Enabled Purchase Orders
Review purchase orders that have B2B messaging enabled but were not transmitted and retransmit them in bulk.
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.
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 23B, you can name the rule blocks for organizing and ease of understanding. You also have the ability to configure or model the blocks to facilitate better approval routing.
Simplified Workflow Rules Configuration Enforcement for Journal and Invoice Approval Workflows
Use the Simplified Workflow Rules Configuration (SRC) to create workflow rules using a spreadsheet for the Payables Invoice Approval and General Ledger Journal Approval workflows. Download the templates from the Manage Workflow Rules in Spreadsheet task page to create and manage workflow approval rules according to company policies.
Budgetary Control Validation of Journal Entries Only During Month End
Limit budgetary control validation to journal entries when the budget period status is set to Close Pending. This prevents budgetary control validation of subledger transactions created after the Close Pending status is set.
Cash Budget Funding with Receivables Receipts
Use Receivables receipts to fund the cash control budget as receipts are processed. Cash collected for revenue is immediately available for spending when a standard receipt is applied to an invoice or a miscellaneous receipt is created.
Automated Resolution of Cross-Validation Combination Violations
Resolve cross-validation combination violations automatically during a run of the Manage Account Combination Validation Rules process.
Revaluation in Reporting Currency Ledger of Account Balances Denominated in Reporting Currency
Revalue account balances in the reporting currency ledger when the entered currency is the same as the reporting ledger currency. If you want a journal-level or subledger-level reporting currency to produce the same balances that you would get after running the Translate General Ledger Account Balances process for a balance-level reporting currency, run the Revalue Balances process in the reporting currency ledger. The process revalues balance sheet accounts at the month-end rate and income statement accounts at the average rate, even if the entered currency for an account is the same as the reporting ledger currency.
Security Access Segregation of Import Journals from File-Based Data Import Process for Journals
Provide the option to restrict the combined use of the Import Journals process and the Load Interface File for Import process for FBDI Journals for certain users. Some organizations use different users to import data from external integrations using FBDI, to run the Create Accounting process, or to create journals using ADFdi, but they are not able to segregate the different functions using the existing privileges. With these new privileges, an enterprise can segregate duties by granting some users the existing security privileges to use the Import Journals process with FBDI-based journal imports for high volume data conversions and external integrations, while assigning other users security privileges that limit the use of Import Journals to processes such as Create Accounting and ADFdi journal creation.
Tax Calculation for Intercompany Invoices Based on First-Party Tax Registration Number
Associate the first-party tax registration number with the intercompany organization and pass the number as an attribute to the subledger for intercompany transaction tax calculations.
Carried Interest Configuration Usability Improvements, Distribution Reversal, and Retroactive Billing Adjustments
Use carried interest agreement processing to define the terms and conditions of carried interest agreements, track carried interest distributions, process distribution reversals, create retroactive billing adjustments, and report on carried interest for the partners in the agreement. The feature provides timely and accurate processing of carried interest agreements and eliminates errors associated with manual processing.
Joint Venture Definition Management Using a Spreadsheet
Independently add, update, delete, and report on joint venture definitions using spreadsheets:
- Basic joint venture details, such as the name, description, business unit, and status
- Billing and reporting information for creating invoices and generating joint interest billing reports for the joint venture
- Account information to identify the accounts for joint venture processing
- Distributable project values to identify the projects to include in joint venture processing.
Downloading and updating the information through the spreadsheets makes the management of the joint venture definitions easier for the joint venture accountants and administrators.
Joint Venture Definition Usability Improvements
Manage joint venture definitions using a guided process that takes the user through the steps of creating or updating the terms and conditions of the joint venture. This streamlined user experience improves the productivity of a joint venture accountant by significantly reducing the time and effort required to create and update a joint venture definition.
Mass Reversal for Joint Venture Distributions
Reverse large volumes of joint venture distributions for selected joint venture transactions using a scheduled process. This process corrects transactions processed in error by creating the necessary reversal entries for processed distributions. Mass reversal of joint venture distributions improves the productivity of the joint venture accountant by saving time and reducing potential errors associated with manual corrections.
Operational Reporting for Oracle Joint Venture Management Improvements
Oracle Transactional Business Intelligence (OTBI) for Joint Venture Management enables operational reporting of joint venture transactions and distributions 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.
Periodic Adjustments for Overhead Method Rates and Percentages
Adjust the rates or percentages for calculating overhead based on indices on a periodic basis. Apply these adjustments to a single rate, percentage, or to a sliding scale of rates or percentages.
Periodically adjust the the rates or percentages for calculating overhead based on an index.Apply these adjustments to a single rate, percentage, or to a sliding scale of rates or percentages.
Subledger Journal Description Language Configuration
Configure the display of the subledger journal description to use either the journal language set for the ledger or the user session language.
Performance Improvements on the Account Analysis Report
The BI Publisher version of Account Analysis Report has been optimized to improve the overall performance of this report.
Suspense Account Clean Up Assistance
When the Create Accounting process is unable to create a journal line for an invalid account and instead records the amount to a suspense account, it keeps a record of the original account for which the journal line was intended. This feature tracks the original exception message along with the original account. Doing so helps accountants understand the cause for the exception and decide on the proper treatment when clearing the balance from the suspense account.
Payment Method Selection in Cash Advance Request
Allow employees to select a cash advance payment method. This option is configurable at the business unit level. This allows employees to select their preferred payment method as part of the cash advance request process.
Waypoints in Audit and View Expense Report Pages
View waypoints in routes for mileage expenses in the Audit Expense Report and the View Expense Report pages. This lets auditors and managers view the complete route information for mileage expenses and ensure compliance with regulations.
Automatic Reevaluation and Release of Duplicate Invoice Holds
Automatically reevaluate duplicate invoice hold conditions and release a duplicate invoice hold during invoice validation. This lets users avoid manually releasing a duplicate hold after making the necessary updates to an invoice.
Matching of Invoices with Purchase Order Lines with Supplier Credit from Supplier Portal
Match invoices to trade-ins and discounts on the purchase order from the supplier portal. An item or equipment that is being traded in, or discounts agreed upon during purchase negotiations, are created as negative lines on the purchase order. Match the invoice to negative lines in the purchase order to record the supplier credit.
Maturity Date Parameter Increment for Update Matured Bills Payable Status Schedule Runs
Automatically increment the Maturity Date Parameter of the Update Matured Bills Payable Status process based on the scheduled frequency. Payables supervisors can use this option to schedule the process for the desired frequency without manual intervention.
Payment Priority Update on Payment Request Invoice Installments Using a REST API
Use the enhanced Invoices REST API to update the payment priority on payment request invoice installments. The enhancement includes payment request invoices of employee expense reports, credit card expense reports, employee cash advances, one-time payments, and Receivables refunds. This helps to assign a payment priority to each invoice, based on customer-specific criteria, to indicate the order in which each payment request is processed.
Performance Evaluation Reports for Intelligent Account Combination Defaulting
Understand the potential performance of account combination defaulting using an evaluation report before you implement the feature.
Search and Update Suppliers Assigned to Dynamic Discounting Campaigns
Search for a supplier or site in a campaign and update the discount APR, email recipient, or end date for that supplier. You can also update the discount APR or end date for all the suppliers in the campaign at once.
Automatic Resumption of Payment Process Request After Payment Approval
Automatic Resumption of Payment Process Request After Payment Approval refers to the automatic process of allowing a transaction to proceed after payment approval has been received. Previously, a manual step was required to resume payment processing after payment approval.
Collector Update of Invoice Attributes and Contacts in Collections
Update the purchase order information, user comments, line-level descriptions, and contact information on invoices using the Advanced Collections pages. This improves collection efficiency by letting collectors make these updates directly without recourse to Receivables.
Cash Budget Funding with Receivables Receipts
Use Receivables receipts to fund the cash control budget as receipts are processed. Cash collected for revenue is immediately available for spending when a standard receipt is applied to an invoice or a miscellaneous receipt is created.
Zengin Alternate Mapping Rule Creation for Unidentified Receipts with Customer Assignment
Automatically create an alternate mapping rule when a customer is assigned to an unidentified receipt, to provide touchless cash processing capability for Zengin payments.
Revenue Recognition for Subscriptions Originated from Order Management and Managed by Subscription Management
Automate revenue recognition to address IFRS 15 and ASC 606 for integrated subscriptions that originate from Order Management and are managed by Subscription Management.
Revenue Recognition Upon Fulfillment of Additional Events
Recognize revenue conditionally after fulfillment of additional events like customer acceptance, proof of delivery and payment received. Configure rules to define additional events based on conditions. Revenue will be recognized only after the primary satisfaction event and all the additional satisfaction events of a promise are fulfilled.
Usability Improvements for Handling Complex Performance Obligation Identification Templates
Provide additional capabilities to Performance Obligation Templates, such as duplicating existing performance obligation templates, exempting obligation from allocation, and searching templates based on items or memo lines.
Capitalization of Fixed Assets for Expense Destination Receipts in the Procurement Process
Capitalize and place fixed assets with a destination type of expense in service as soon as they are received. This initiates the process of recognizing depreciation expenses at once and eliminates the delays involved in invoice processing.
File Based Data Import for Revaluation of Fixed Assets
Use the Fixed Asset Revaluations Import template to upload a high volume of fixed asset revaluation transactions. Run the Post Mass Fixed Asset Financial Transactions process to post them.
Invoice Accounting Date Display for Lines Transferred from Payables to Fixed Assets
Include the accounting date in the display of Payables invoice lines in the Additions infotile of the Assets Landing page and the Prepare Source Lines page. This provides immediate view of the accounting date without drilling down to invoice details.
Short-Term and Long-Term Lease Liability Accounting
Automatically account for short-term and long-term lease liability. The IFRS16 and ASC842 accounting standards require separating the lease liability into short-term and long-term for disclosure reporting. The short-term is the liability within the next 12 months, and the long-term is the liability due after 12 months. Lease administrators can automatically generate accounting entries to classify the lease liability into short-term and long-term and account for the periodic movements from long-term to short-term. The liability reclassification details are available on the Schedules tab of the lease and in the Lease Details Report.
Region and Country-Specific Features
Bulk Processing of Fiscal Documents Based on Shipping Transactions for Brazil
Generate shipping transaction-based fiscal documents for Brazil in bulk. This removes an existing restriction to process shipping transactions individually for fiscal document generation.
Bulk Processing of Void and Cancel Actions for Fiscal Documents for Brazil
Void and cancel fiscal documents for Brazil in bulk. This makes corrections easier in integration scenarios where fiscal documents originate from external systems.
Document Sequencing for Non-Electronic Brazilian Fiscal Documents
Optionally allow document sequencing when fiscal document generation is enabled on Brazilian transactions imported using Receivables AutoInvoice. Customers with non-electronic fiscal document business scenarios supported by third-party solutions can sequence Receivables transactions correctly.
Receivables Transaction Date Update for Brazilian Fiscal Documents in Process Using a REST API
You can update the Receivables transaction date for Brazilian fiscal documents in process using the Receivables Invoice REST API. This helps prevent period-end issues with service fiscal documents when the tax authority approval process is not completed within the specified time limit.
Usability Improvements to Withholding Tax Reporting for Spain
Improvements to Withholding Tax Reporting for Spain with possibility to define withholding keys and sub keys, and additional extracted data elements.
Impact of Performance Improvements for the Account Analysis Report on Subledger Accounting Reporting Account Analysis Reports
The General Ledger and Subledger Account Analysis Report and Account Analysis by Legal Entity Report have been enhanced after the optimization made to the BI Publisher version of Account Analysis Report to improve the overall performance of this report.
Classification, Transactions, and Accountability, or CTA Module, Report for Payments and General Ledger
The Classification Transactions and Accountability (CTA) module of the Central Accounting and Reporting System (CARS) is used by federal agencies to report reclassified cash transactions to the U.S. Department of the Treasury. A reclassification is used to report a correction to a Treasury Account Symbol (TAS) or Business Event Type Code (BETC) on a payment or collection. Reversals (voided payments) and restatements (new payments) are reportable.