The Features We Love in Oracle Cloud Applications Release 13 – Oracle ERP Cloud
Oracle announced its Cloud Application Release 13, 18A upgrade in February 2018. So, with all the great features being released, we asked our Oracle Cloud Consultants to highlight the key features. Here are their favorite picks for Oracle ERP Cloud. I have added Oracle Help Center and tutorial links to provide you with more information. Start here to learn about all Oracle Cloud Releases.
Oracle Enterprise Resource Planning (ERP) Cloud
Please refer to the “Cloud Readiness – Oracle Financials Cloud Release 13 (Update 18A) – New Feature Summary” for complete information.
Lease Liability reporting streamlines the reconciliation and reporting of lease liability balances using the Asset Lease Liability.
Reporting Currency Conversion for Asset Leases allows users to report leases in any currency other than your ledger currency. Using reporting currencies, customers can maintain and report lease accounting and balances in more than one currency. They can also convert right-of-use asset balances at historical rates and lease liability balances at the current rate. Users can load asset lease terminations or reassessments in bulk using the supplied file-based data import templates.
Accounting Automation streamlines and automates your end-to-end accounting and transaction processes, including Import Daily Rates, Create Accounting, Import Journals and Posting, greatly reducing manual work and time lags in your business operations. The data flows through all of the required processing steps with no user intervention, while making it easy to involve the right people at the right time to resolve exceptions. This ensures the continuous availability of the most accurate and up-to-date financial information.
The Order Level Credit Recommendation feature creates a new credit case folder for every order that fails a credit check. Use this feature to support the recommendation to accept or decline credit requests at the order level.
The Store Printed Receivables Transactions as Attachments feature allows users to access a copy of the original printed receivables transaction and add it as an attachment on the transaction.
The Web Service to Create Reference Accounts for Customers feature creates reference account combinations for a customer bill-to site, using the new Customer Bill-to Site Reference Accounts Service Data Object (SDO) in the Customer Profile web service. The reference account combinations that are created are used to derive account combinations for distributions on Receivables transactions, when Auto Accounting is set up to derive account combinations based on Bill-to Site.
Reporting for Financials
Replace Business Unit Views for Improved Performance is a feature that will improve query performance in financial subject areas.
The Subledger Accounting feature, Journals Real Time Subject Area has been synchronized with similar folders in the Payables subject areas, for better usability.
Projects Portfolio Management
Please refer to “Cloud Readiness-Oracle Project Portfolio Management Cloud – Release 13 (update 18A) – What’s New” for complete information.
Project Foundation includes common components that are shared across products within Oracle Project Portfolio Management Cloud. It includes the basic project plan structure and components such as resource breakdown structures, rate schedules, pricing, burdening, and cross-charge processing, as well as integration with Microsoft Project.
Simplified Microsoft Project Integration allow users with the Project Administrator role to download and use the Microsoft Project client from the Project Financial Management work area.
The Enhanced Exception Handling for Project Rate Schedule Import feature uses the new Excel based error report generated for the Import Project Rate Schedules process to review the reported errors, correct them and resubmit the file for import processing. In case of no errors, the output section of the scheduled process will only show the PDF report; otherwise the output section will have both the Excel and PDF reports.
Project & Task Search Enhancements in Oracle Time & Labor Cloud efficiently searches for project-related time cards in Oracle Time and Labor Cloud based on project number and task number. Quickly retrieve the list of time cards that have entries for a particular project or task.
Application Composer for Project Execution Management include business-specific attributes on project resource requests, deliverables, issues, and backlog items using Application Composer. You can quickly and easily add attributes in addition to meet your specific business needs.
Resource Management automatically capture hours worked from Project Costing for Utilization allows you to capture actual hours worked for resources as part of the financial management of a project and use that information for utilization calculations. You can schedule regular updates to resource utilization metrics from actual hours captured on time cards.
You can also edit multiple project resource assignments and requests. Resource managers can update multiple assignment schedules or requests either as a group or individually. When the resource manager updates assignment schedules or requests as a group, the same changes specified are made to all the selected items. In addition, when making changes to start or finish dates, it is possible to shift the existing dates by a number of working days or to a date specified.
Please refer to “Cloud Readiness – Oracle Procurement Cloud – Release 13 (Update 18A) – What’s New” for complete information.
The Purchasing/Self-Service feature captures One-Time Delivery Address in Structured Fields on Purchase Orders. The ability to capture a one-time address in structured fields is now available for requisitions created in Oracle Self Service Procurement Cloud. After requisition submission, the address information can be re-used in downstream documents such as purchase orders and invoices, and for derivation of other values. As well, the information can be used to support other requisition processing that is dependent on shipping data.
The Mobile Access to Punchout Catalogs and Non-Catalog Requests feature allows you to effectively shop and create requisitions on your mobile device with expanded shopping options including punchout catalogs, non-catalog requests, and improved search filtering. The following features have been introduced in this release of the mobile application.
• Filter by brand
• Punchout Catalogs
• Request Non-Catalog Item
Stay tuned for more blog posts on what we love about Oracle Cloud SCM and Oracle Cloud HCM. Tell us what you love about the new release in the comments below.