Oracle Cloud’s 24D release is here, bringing new features and improvements to the Financials module. Set for the Oracle Cloud Financials 24D release date, this update is designed to streamline financial processes, improve efficiency, and provide deeper insights. With Oracle’s quarterly updates, staying up to date is essential for maintaining smooth operations and leveraging the latest innovations.
- Highlights: Benefits you get from Oracle 24D Financials Update
Oracle’s 24D update brings key enhancements to streamline financial management.
- Users can now convert historical asset transactions with ease, simplifying the setup of asset balances without manual recalculations. This ensures consistent, accurate financial reporting by aligning primary and reporting ledgers.
- Automated rule-based processes, such as applying or releasing invoice holds, significantly speed up invoicing while reducing human errors. These updates provide improved operational efficiency and minimize the risk of inaccuracies, offering businesses a more reliable, faster approach to managing their financial workflows.
The Oracle financials 24D new features are highly anticipated for these valuable upgrades.
Why You’ll Love These Changes Coming in 24D
Oracle Cloud’s Financials 24D release brings a host of improvements designed to make financial management more efficient and user-friendly.
- From the ability to easily convert historical asset transactions to automating manual processes like invoice holds, these updates reduce the need for manual intervention and minimize errors.
- Enhanced features like Intelligent Document Recognition make tasks like supplier identification more accurate and streamlined.
- Additionally, the integration with J.P. Morgan’s embedded banking services provides businesses with a comprehensive view of their financial operations, allowing for better decision-making and smoother daily workflows.
These updates are sure to elevate your financial management experience.
- Oracle Financials 24D Release Notes: What’s New?
Financials Management
- Convert historical asset transactions easily to set up asset balances in new reporting currencies.
- Automate invoice hold application and release with pre-defined rules to minimize manual checks.
Fixed Assets
- Convert historical asset transactions when adding a sub-ledger-level reporting currency.
- Use Descriptive Flexfields for custom attributes in asset assignments for better tracking.
Payables
- Automate invoice holds during import and validation using configurable rules.
- Enable the “Auto Increment” checkbox in scheduling, avoiding manual updates to job date ranges.
- Enhance Intelligent Document Recognition to detect suppliers across multiple invoice pages.
Expenses
- Add the search parameter “Auditor Requested More Information” to streamline audit requests.
Payments
- Integrate with J.P. Morgan’s embedded banking services for real-time financial overviews and automated funds management.
Receivables
- Add new search parameters to track invoices and credit memos from projects and contracts.
- Introduce the approval process for manual transactions, including configuration for approval rules and status tracking.
General Ledger
- Enable journal entry approvals based on specific sub-ledgers and configurable business attributes.
- Sweep unresolved errors from previous periods using the Accounting Hub Maintenance process.
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.
Email: oraclecloudsupport@enchantapps.com