Everything You Need to Know About the Oracle Cloud 23D Release

Oracle’s latest update is now available. By rolling out these updates, you can be sure that you have the newest features, enhanced functionality, and strengthened security. The most recent addition to Oracle’s renown is the introduction of theOracle 23D Release, a revolutionary product that significantly improves its modules for supply chain management, human capital management, and finance. We’ll go through everything you need to know about this release in this post.

What is New in the Human Capital Management Module?

  • Several improvements are included in the Oracle Cloud 23D release, such as the capacity to audit large document downloads, assign non-workers to line managers, implement position budgeting, schedule jobs based on similarity, and improve job searches with additional filters.
  • In addition, users can now access Fusion Analytics insights, choose LOV values more readily, stop receiving spam emails, and get ready for the 24B update’s removal of Share Personal Info support.

What’s New in the Project Financial Management Module?

  • Microsoft Excel file-based data import spreadsheets (FBDI) are now supported on Apple Mac devices. You can email contracts with attachments in Billing & Revenue Management, and you can monitor the status of approval right from the contract search results.
  • Dragging down on the invoice number gives project managers access to the invoice details.

What’s New in the Supply Chain Management Module?

  • With intercompany shipments, financial flows can now be determined by transaction dates. Procurement adds features for attachment handling and supplier communication, improves purchase order management, and establishes vacation policies.
  • Better handling of transfer orders and lot-controlled goods tracking is made possible by inventory management. Improved inventory counting and a stronger cost rollup procedure are two aspects of cost management. Manufacturing gains flexibility about data security policies, work center calendars, and material picking.
  • Order Management offers improved note capturing, subscription integration, and order header holds.

What’s New in the Financial Module?

  • Performance enhancements for AP and AR Reconciliation are added to Common Financials, and options for rounding conversion of transaction tax amounts are enabled.
  • The option to turn off budgetary control for every journal source has been added to Budgetary Control. Automation features in Payables expedite the creation of invoices and the processing of payments, while new procedures for ISO 20022 standards acknowledgment are implemented.
  • Travel cards that are billed centrally are now supported by expenses, and users of J.P. Morgan corporate cards can submit their expenses touchlessly and create them in real time.
  • Lastly, Fixed Assets establishes user roles for asset transactions in Oracle Cloud 23D and enforces capitalization thresholds, while General Ledger permits administrators to exclude Auto Accounting Journal Entries.

Concluding Thoughts

Oracle Cloud updates are Opkey’s area of expertise. More than 5,000 pre-built Oracle Cloud test cases covering all Oracle modules are provided to clients by Opkey. Every Oracle Cloud release from Opkey comes with an Impact Analysis report. With the help of their self-healing reusable test scripts, their customers were able to reduce their maintenance effort by 80%. Complex test management is streamlined by the end-to-end testing platform.

All new features and updates for Oracle 23D are made sure to be thoroughly tested for functionality, security, and performance thanks to Opkey’s extensive test automation and Cloud testing capabilities. Businesses can reduce manual labor and error risk by automating their testing processes with Opkey. As a highly regarded and certified Oracle partner, Opkey can assist you in smoothly validating new Oracle releases and implementations!

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