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 |
|---|---|---|---|
| 21 DEC 2023 | Expenses | Payment Method Selection in Cash Advances Using a REST API | Updated document. Revised feature information. |
| 29 SEP 2023 | Joint Venture Management | Expenditure Business Unit for Project Costing Adjustments from Joint Venture Management | Updated document. Delivered new feature in Update 23D. |
| 29 SEP 2023 | General Ledger | URL Attachments in Create Single Journal ADFdi Spreadsheet | Updated document. Delivered new feature in Update 23D. |
| 01 SEP 2023 | Created initial document. |
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Collaboration Messaging Framework
Collaboration Messaging Framework
Exchange B2B Messages with Your Trading Partners Using Avalara
Use the predefined service provider Avalara as your electronic invoicing solution.
Receive Streamlined Error Message Reporting for B2B Messages Sent Using Web Services
Receive fewer and more relevant errors for your B2B messages sent using web services. As a result of the updated validation process, the sender receives error messages only for setup issues, such as authorization, authentication, sender party, external message definitions, and invalid order numbers. Other B2B setup errors continue to be logged and managed in the Collaboration Messaging work area.
Simplify the Exchange of Purchase Orders with Other Oracle Cloud Enterprises
Use the new Oracle B2B purchase order message definitions to enable the direct exchange of purchase orders with other Oracle cloud enterprises and B2B service providers.
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.
Automatic Invoice Validation for Partner Tax Calculation Process
Automatically validate Payables invoices selected for partner tax calculation after the response is received from the tax partner.
Tax Calculation on Rounded Amounts on Payables Invoices
Calculate taxes on rounded amounts in the entered currency on Payables invoices before conversion to the ledger currency. This can help reduce rounding differences on Payables invoices with an entered currency different from the ledger currency.
Exclusion of Budgetary Control Validation on Journals
Exclude journal entries from budgetary control validation. This helps improve the efficiency and performance of the GL posting process when budgetary controls are not required.
Simplified Maintenance of Control Budget Supplemental Rules
Edit supplemental rules when updating control budgets already in use. This simplifies the maintenance of control budget definitions.
Exclusion of Ledgers from Accounting Automation
The Accounting Automation feature delivered in Release Update 19D by default selects all ledgers for the routine tasks of creating accounting entries for subledger transactions, and transferring, importing and posting journals to General Ledger. In this release, a system administrator can exclude ledgers that require accounting to be processed at more controlled times or frequencies.
URL Attachments in Create Single Journal ADFdi Spreadsheet
Include URL attachments to General Ledger journal batches when creating single journals in the Create Single Journal ADFdi spreadsheet. This provides an efficient and centralized way to include audit and supporting documentation for journal batches of various sizes.
Accounting in Progress Status for Joint Venture Distributions and Operational Measures
A new Accounting in Progress status has been added to help track the processing of joint venture distributions and operational measures. When the process to create invoices or journal entries for distributions and operational measures completes, their status changes to Accounting in Progress instead of Process Complete. Once the invoices and journal entries are posted, the joint venture distributions and operational measures are set to Process Complete.
This new status will help the users to know when accounting associated with distributions and operational measures needs to be created and posted before they can move ahead with joint venture processing.
Joint Venture Partner Contribution Closure
Refund the remaining balance of a joint venture partner contribution to the stakeholder when it is no longer needed. Managing partner contribution refunds through the Joint Venture Management processes eliminates errors associated with manual processing, increasing joint venture accountant productivity.
Journal Entries for External Stakeholders
Enable journal entry generation for external stakeholders. This gives managing partners the flexibility to create joint venture accounting on a regular basis and invoice partners for their share of revenue and expenses based upon their business need.
Expenditure Business Unit for Project Costing Adjustments from Joint Venture Management
The addition of the expenditure business unit as a project attribute in Joint Venture System Options enables the support of project costing adjustments for transactions with a cross charge. A cross charge occurs when transactions for a project are associated with a different business unit than the business unit of the joint venture. This configuration will enable Joint Venture Management to correctly create project costing adjustments for transactions in accordance to the project’s business unit.
Performance Improvements on the Create Multiperiod Accounting Execution Report
The BI Publisher version of the Create Multiperiod Accounting Execution Report has been optimized to improve the overall performance of this report.
MasterCard Centrally Billed Account for Travel Expenses
Upload MasterCard travel charges from an organization’s centrally-billed account for employees' expenses. From the Expenses work area, employees can include these travel charges in their expense reports to provide approvers with full visibility into the total cost of a trip.
Payment Method Selection in Cash Advances Using a REST API
Use the Expense Cash Advances REST API to select the payment method for cash advances.After selecting the preferred payment method, employees can use their preferred payment method when requesting cash advances.
Resubmission of Expense Reports using the Expenses Mobile Application
Employees can now withdraw a previously submitted expense report and resubmit it. They can also resubmit an expense report that's been rejected by approvers or returned by auditors and resubmit it.
Touchless Expenses with J.P. Morgan Corporate Cards
The new generation mobile experience with J.P. Morgan corporate cards delivers touchless expense submission and faster reimbursement. Receive instant alerts when charges are incurred on J.P. Morgan corporate cards. Use guided correction, intelligent recommendations, and accurate receipt extraction to facilitate automatic expense submission and approval. Available to customers with J.P. Morgan corporate cards.
Automated Distribution Creation Using a Transaction Account Definition
Use transaction account definition to simplify invoice account defaulting. Configure a set of rules in Transaction Account Builder to derive an account combination based on designated attributes.
Business Calendar for Payment Processing Requests
Provide a business calendar on the Payment Process Request template (for scheduling) to exclude processing payments on holidays. The Payment Process Request (PPR) system will skip weekends and holidays when calculating pay-through days and the payment date.
Embedded Banking Services with J.P. Morgan
Embedded banking services with J.P. Morgan provides businesses with a comprehensive view of their financial position to operate their day-to-day business finance effectively.
The solution provides integrated banking and payment services enabled from turnkey connectivity between Cloud ERP and J.P. Morgan Payments for U.S. and Canada customers. It includes synchronization of all bank account master data, the requisite setup needed to automate funds capture/disbursement, and continuous bank statement retrieval, processing, and reconciliation.
Single 1099 Return for a Tax Reporting Entity
Consolidate 1099 returns across multiple business units and submit a single 1099 return for a tax reporting entity.
Tolerance Validation for PO Quantity on Supplier Portal Invoices
Define validation tolerances for suppliers for purchase order quantity entry using the supplier portal. This allows suppliers to enter invoices with a quantity greater than the ordered quantity within the defined tolerance for the supplier.
ISO 20022 Disbursement Acknowledgment
Retrieve and process disbursement acknowledgment files from banks for credit transfers in accordance with ISO 20022 standards. Void payments that were rejected by the bank and perform action on the associated invoices.
Additional Bill-to and Sold-to Party-Level Attributes as Source for Receivables Accounting
Create and deliver bill-to and sold-to party-level descriptive flexfield attributes as sources for Receivables accounting. This provides additional flexibility for the Receivables accounting configuration.
Prospective Accounting Treatment for Immaterial Price Changes
Use a prospective accounting treatment to reflect minor unit selling price changes for performance obligations over a given time period.
Capitalization Threshold in Foreign Currency
The capitalization thresholds can now be entered in any currency other than the ledger currency of the asset book. This helps create a uniform capitalization threshold across various geographies and asset books, without the need to adjust the threshold amount due to fluctuations in the currency rates.
Segregation of Asset Transaction Entry and Transaction Posting Duties
Segregate the duties for users who enter and prepare asset transactions and users who review and post the transactions. This helps enforce the internal control requirement that users who review and post asset transactions are different from those who create the transactions.
Lease Amendments for Scope Increases at Standalone Price
Amend leases to add new lease components where the lease payments for the additional right of use are commensurate with the standalone price for the increase in scope. Lease administrators can then amortize the newly added assets and associated payments over the asset life starting from the amendment commencement date. These newly added lease components are accounted as a lease in themselves, and their present values and interest amounts are calculated using discount rates as of the amendment commencement date.
Lease Invoice Improvements for Payment Processing
Assign ship-to locations to expense lease invoices created in Payables for periodic payments to lessors and other parties associated with leases. Assign lease, asset, and payment details such as lease number, payment number and purpose, asset number, and location to invoice line descriptions for expense lease invoices created in Payables.
Lease Type-Based Data Access for Lease Contracts
Secure the lease contracts by lease type. This security feature allows users to add additional data security policies to limit the view, creation, and update of lease contracts based on the lease type.
Perform amendments to revenue lease contracts, such as changing payment amounts or the term of the contract. Amendments to a contract entail creating a new version of the contract, adjusting accounted transactions and balances for the contract, and maintaining an audit of the changes. Additionally, perform nonfinancial changes to update attributes that do not require adjustments to accounted transactions and balances. Process lease expiration to close out revenue lease contracts that have reached the end of their life.
Region and Country-Specific Features
Receivables Collection Document Support for Brazilian Central Bank Instant Payment System
Use the Brazilian Pix instant payment system to process Receivables collection documents for Brazil.
Legislative Update for Online VAT Reporting for Spain
Use new tags and values in Online VAT Reporting for Spain related to customers, agreements, and legal representative information.