Continuous innovation is the foundation of Oracle’s operations. Oracle releases new features, functionality, and security updates on a quarterly basis to help its customers better manage their business processes. This series’ most recent update is Oracle Cloud 23D release. The Financials, Supply Chain Management, and Human Capital Management modules have all been improved in Oracle’s 23D release.
At Opkey, we realize how critical it is to stay ahead of the technology curve. That is why we are so excited to share our expert analysis and advice with all Oracle users who want to get the most out of the Oracle 23D upgrade.
What is our mission? To assist and empower you with the insights and techniques required to achieve a seamless and successful Oracle 23D release update. Let’s take a closer look at the most recent Oracle 23D release notes.
What’s New in Oracle’s 23D Release?
Oracle Cloud 23D Human Capital Management Module Updates
- The Oracle Cloud 23D release includes various improvements, such as the ability to audit mass document downloads, add non-workers as line managers, implement position budgeting, group related jobs for scheduling, and improve job searches with new filters.
- Users can also more easily select LOV settings, access Fusion Analytics insights, eliminate junk email warnings, and prepare for the cessation of Share Personal Info support in the 24B release.
- The “Manage Locations” task in HCM for the US has been improved, and global payroll interfaces provide additional flexibility for integrating absence information with third-party vendors. The Redwood experience features new and improved pages for document records, employment contracts, transactions, and workforce management.
23D Oracle Cloud Financials Module Upgrades
- In Common Financials, efficiency improvements for AP and AR Reconciliation are implemented, and rounding conversion options for transaction tax amounts are enabled.
- The possibility to disable budgetary control for all journal sources has been introduced to Budgetary Control. Automation features in Payables speed invoice creation and payment processing, while new ISO 20022 acknowledgment processes are implemented.
- P. Morgan corporate cardholders now have access to touchless expenditure submission and real-time expense creation, and expenses now enable centrally-billed travel cards.
- Finally, with Oracle Cloud 23D, General Ledger allows administrators to exclude Auto Accounting Journal Entries, whereas Fixed Assets enforces capitalization thresholds and introduces user roles for asset transactions.
23D Oracle Cloud Modifications to the Supply Chain Management Module
- Financial flows for intercompany exports can now be identified based on transaction dates. Procurement adds vacation rules, improves purchase order processing, and improves supplier contact and attachment handling.
- Inventory management enables for more accurate tracking of lot-controlled items and more efficient handling of transfer orders. Cost management entails a more thorough cost rollup procedure as well as improved inventory counting. Work centre calendars, material selecting, and data security policies gain flexibility in manufacturing.
- Order Management now includes order header holds, subscription connectivity, and improved note capturing.
All new features and updates in Oracle 23D are thoroughly tested for functionality, security, and performance using Opkey’s comprehensive test automation platform. Businesses can use Opkey to automate their testing procedures, eliminating manual labor and reducing the possibility of errors. The Oracle 23D release date is approaching, so let’s get ready with Opkey!