Oracle Fusion Cloud Asset and Lease Management 25B What’s New?

The Oracle Fusion Cloud 25B update introduces enhancements across multiple modules, but specific details on Asset and Lease Management aren’t widely available yet.

• Asset Transfers: You can now transfer assets between books within the same ledger, with automatic intercompany entries when needed. This ensures continuity and supports audit requirements.

• Lease Accounting Approvals: The approval history for lease activations, amendments, and terminations now includes submission dates, transaction approvers, user details, and approval/rejection timestamps.

• Enhanced Lease Approval Rules: You can create approval rules using various criteria, including Legal Entity, Asset Type, Amendment Subtype, Business Unit, and Account Classification

• Automated Lease Liability Adjustments: The system now automatically adjusts lease liabilities when there are changes in lease terms, ensuring compliance with accounting standards.

• Improved Asset Depreciation Tracking: Enhanced reporting capabilities allow for better visibility into asset depreciation schedules and financial impacts.

• Streamlined Lease Modifications: Users can now modify lease agreements more efficiently, with automated recalculations for payment schedules and financial entries.

• Redwood UI Enhancements: The Redwood Experience continues to improve with a more intuitive interface, making navigation and data entry smoother.

EnchantApps Oracle Cloud experts can help you with your 25B Upgrade and testing. We are here to ensure that Oracle Cloud quarterly updates do not impact your business processes. Contact us for more details.