Oracle has introduced powerful features in the latest 24D release to streamline accounting workflows, increase governance, and enhance data traceability. Hereโs a breakdown of the exciting updates:
- ๐ช๐ผ๐ฟ๐ธ๐ณ๐น๐ผ๐ ๐๐ผ๐บ๐บ๐ฒ๐ป๐๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ๐ป๐ฎ๐น ๐๐ฝ๐ฝ๐ฟ๐ผ๐๐ฎ๐น๐
Submit comments directly on the Edit Journals and Approval Dashboard pages. Approvers can now use the Approve or Reject buttons with added commentary for transparency.
- Enhanced accountability: Clearly document the rationale behind approvals or rejections.
- Setup: Add lookup code GL_36646818 to the ORA_FUN_DATA_MAINT_KEY lookup to enable this feature seamlessly.
- ๐๐ ๐ฐ๐ฒ๐ฝ๐๐ถ๐ผ๐ป-๐๐ฎ๐๐ฒ๐ฑ ๐๐ฝ๐ฝ๐ฟ๐ผ๐๐ฎ๐น๐ ๐ณ๐ผ๐ฟ ๐ ๐ฎ๐ป๐๐ฎ๐น ๐ฆ๐๐ฏ๐น๐ฒ๐ฑ๐ด๐ฒ๐ฟ ๐๐ป๐๐ฟ๐ถ๐ฒ๐
Establish approval workflows for manual sub-ledger entries to strengthen governance, allowing for exceptions before posting to the ledger.
- Benefits: Customize approval rules for specific sub-ledgers and journal sources, ensuring accurate accounting with granular control.
- Setup: Configure settings on the Specify Ledger Options page and select the Manual Subledger Entry Approval option on relevant journal sources.
- ๐ฆ๐๐ฒ๐ฒ๐ฝ ๐๐ฐ๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด ๐๐๐ฏ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐ ๐๐ผ ๐ก๐ฒ๐ ๐ ๐ข๐ฝ๐ฒ๐ป ๐ฃ๐ฒ๐ฟ๐ถ๐ผ๐ฑ
Effortlessly sweep transactions to the next open period and purge invalid ones without disrupting period-close operations, maintaining traceability for all transactions.
- Enhanced data control: Address transaction issues in subsequent periods, preserving data granularity.
- Setup: Add a specific lookup code (XLA_36373252) to the ORA_ERP_CONTROLLED_CONFIG lookup to enable this feature, and use the โAccounting Hub Maintenanceโ scheduled process to sweep or purge invalid and/or unaccounted transactions.
These features are designed to elevate accounting efficiency, ensure data integrity, and offer greater control over approval workflows and close sub-ledger periods.
EnchantApps Oracle Cloud experts can help you with your 24D Upgrade and testing. Make sure that Oracle Cloud quarterly updates do not impact your business processes! We are here to help you! Contact us for more details.
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