Oracle is continuously working to improve the features and functionality of its Oracle Cloud
Fusion Apps. The latest updates were released in early March and offer a range of updates in
Billing, Cost, Planning, Resource, Program, and Grant Management.
Project Management Common
Service Excellence – Continuing Investments Driven by Customer Ideas
Cost Management and Control
Oracle Fusion Payroll Attributes in Labor Distribution Subject Areas: View and report
on labor costs created from the Oracle Fusion Payroll transaction source using Oracle
Transactional Business Intelligence, or OTBI. Use the following payroll attributes added
to the Projects – Labor Distribution Cost Analysis Real Time subject area in the Labor
Cost Distribution Details folder to create analyses as required for your business:
Payroll Load Request ID
Document ID
Payroll ID
Payroll Name
Payroll Period Start Date
Payroll Period End Date
Payroll Effective Date
Payroll Relationship Identifier
Payroll Cost Action Type
Payroll Cost ID
Cost Allocation Key Flex ID
Payroll Cost Action ID
Payroll Run Action ID
Net Zero Adjustment
Reprocessed Cost Accounting Attribute for Labor Distribution: Use an additional
accounting attribute, Payroll Cost Reprocessed, for project and non-project labor costs
to identify costs generated from a redistribution of the original payroll cost to a new or
existing labor schedule version. Use this attribute to credit the clearing account of the
adjustment event for the payroll cost.
GRANT MANAGEMENT
Removal of Opt-in Check for Control Burden for Internal Funding Sources: The opt-in
check that selectively enables burdening for projects funded by internal funding sources
is no longer available. The option to generate burden for internal funding sources
assigned to a project is consistently visible. If you had previously selected the opt-in to
set the burden option for the internal funding sources, the default value for the burden
option is disabled or in other words will not generate burden. If you had previously not
taken any action to opt in to set the burden option for the internal funding sources,
then the default value for the burden option is based on the burden option setup for the
project type. If the project type is enabled for burdening then the burden option for the
internal funding source is set as enabled. If the project type is not enabled for burdening
then the burden option for the internal funding source is set as disabled.
Planning, Scheduling, and Forecasting
Update existing project basic information, tasks, project budgets, award budgets, and project
forecasts using File-Based Data Import, or FBDI. For example, extend task dates or resource
assignments across multiple tasks at the same time and add new tasks and assignments for the
project scope changes.
Billing and Revenue Management
Apply EXPIRY and Reminder Setting in Contract Envelopes from DocuSign Account— If
DocuSign is your e-signature provider, you have the option to default the expiry and
notifications settings in the contract envelopes from the DocuSign account
Bill and Cost Rate Override Maintenance Using a REST API (Customer Submitted
Idea)— Rate overrides provide an intuitive, flexible mechanism to maintain bill and cost
rates specific to bill plans, projects, or tasks, and often serve as a price list or rate card
for professional services customers.
Create Supplier Contacts from Contract (Customer Submitted Idea)— You can now
create supplier contacts in the Parties tab of the contract. The ability to create the
contact while authoring a contract accelerates the contract creation process. The Create
Contact button is enabled for supplier and other third-party roles of a procurement
contract.
Milestone Billing and Revenue Recognition (Customer Submitted Idea)— Define
milestones once and track them across the entire lifecycle, from contract definition, to
work planning, and ultimately to billing. Contract administrators can create milestones
and their respective bill amounts in milestone-based fixed-price contracts. When the
contract is approved, milestones defined on the contract automatically appear in the
project plan. Project managers can then manage the milestones in their project plan.
Project managers create detailed plans, track deliverables, and monitor progress for
milestone completion. When the milestone is achieved, the project manager submits it
for stakeholder approval. Upon approval, the application automatically enables the
associated billing event for invoicing and revenue recognition. This feature helps project
managers gain greater control during project planning and execution and enables billing
specialists and project accountants to streamline the invoicing and revenue recognition
processes for milestone-based contracts.
Work In Progress by Billing Status in OTBI— Use measures in the Project Billing – Bill
Transactions Real Time subject area in OTBI, enabling you to more easily report unbilled
amounts, also known as work in progress, or WIP, for new or updated bill transactions.
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