Update 19A

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Overview

This guide outlines the information you need to know about new or improved functionality in this update.

DISCLAIMER

The information contained in this document may include statements about Oracle’s product development plans. Many factors can materially affect Oracle’s product development plans and the nature and timing of future product releases. Accordingly, this Information is provided to you solely for information only, is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described remains at the sole discretion of Oracle.

This information may not be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. Oracle specifically disclaims any liability with respect to this information. Refer to the Legal Notices and Terms of Use for further information.

Common Technology and User Experience

Common Financials Features

Configurable Workflow Notifications

Additional configurable email notification templates are provided for Bank Transfers. You can use either the predefined templates as delivered, or modify them according to your business requirements using Oracle Business Intelligence Publisher.

REST APIs for Financials

Advanced Collections

REST APIs for Advanced Collections Promise to Pay Details

Integrate the promise to pay details captured in an external system using REST API resources. You can also use the REST API resources to integrate a deploying company's receivables and collection systems with Advanced Collections. You can update open invoices with one or more promises to pay.

Expenses

REST APIs for Expenses

Integrate with external systems using Cash Advances REST API resources. You can retrieve cash advances individually or in batches.

General Ledger

REST APIs for Ledger Balances

Integrate with external systems to retrieve general ledger balances for accounts defined as part of account groups using REST API resources.

Payables

REST APIs for Payments

Create manual payments using REST API resources as a way to record external payments. You can build integrations based on your PaaS application requirements or for importing paid invoices after your Oracle Financials Cloud upgrade.

REST APIs for Supplier Invoices

Create and manage purchase orders, receipt and consumption advice matched supplier invoices, and unmatched supplier invoices using REST API resources.

Payments

REST APIs for Debit Authorizations

Integrate with external systems to access customer debit authorization details using REST API resources. You can retrieve debit authorization information, and create and modify debit authorizations.

REST APIs for Payment Process Requests

Integrate with external systems to resume or terminate payment process requests using REST API resources when the status of the payment process request is ‘Pending proposed payment review’. You can retrieve payment process request information and modify the status of a payment process request by resuming or terminating.

Receivables

REST APIs for Receipt Method Assignments

Integrate with external systems to assign receipt methods to a customer account or site using REST API resources. You can also find, update, and delete existing receipt methods of a customer account or site.

REST APIs for Receivables Adjustments

Integrate with external systems to retrieve the adjustments against a transaction using REST API resources.

REST APIs for Receivables Credit Memos

Integrate with external systems to retrieve customer on-account credit memos using REST API resources.

REST APIs for Receivables Invoices

Integrate with external systems to update invoices using REST API resources. You can, for example, modify invoice installments and payment terms, and complete or incomplete an invoice. You can also create and apply manual tax lines to individual invoice lines.

Financials

Advanced Collections

Collections Strategies for Individual Transactions

You can now define and execute collections strategies and tasks for individual transactions.

Assets

New Era Name on Japanese Depreciable Assets Tax Reports

The Japanese Depreciable Assets Tax Reports now display the new Era Name as of 1 May, 2019.

Budgetary Control

Control Budget Definition Report

Use the Control Budget Definition Report to review the configuration details of your control budget using an easy to read XML file. The report includes control budget structure segment tree details, supplemental rules, and override rules. 

Cash Management

Enhanced User Experience of Bank Statements Handling Features

The bank statements handling features provide improved efficiency and an enhanced user experience. You can now export bank statement lines to a spreadsheet, save your search criteria, import BAI2 bank statement files containing non-monetary information, and edit imported bank statements.

Bank Statement Attachments

You can now attach multiple documents when you create manual bank statements to provide additional context or reference information. Attachments can be added or deleted at any time for unreconciled bank statements.

Manual Reconciliation Enhancements

Increase productivity with the enhanced manual reconciliation features. You can export reconciliation results to a spreadsheet, add additional columns to the bank statement lines and transaction table results, and experience performance improvements.

Bank Account Validation Improvements

The country-specific bank account validations are enhanced based on the latest country-specific validation rules.

Expenses

Support for Mileage Expenses with Location or Zone

Expenses mobile application now enables you to enter mileage expenses with reimbursable rates that are based on location or zone. When the mileage expense is based on the location, the location automatically defaults to your current location. When the mileage expense is based on the zone, you can select the zone from a list of applicable zones.

General Ledger

Audit History Enablement

Oracle Financials Cloud currently supports audit history on several key business objects. You can individually configure and enable auditing of each business object. With this release, we have expanded the list of supported business objects to include General Ledger journal batches, journal headers, journal lines, and period statuses.

Display Error Message in Separate Column in Create Journals Spreadsheet

When journals are created using the ADFdi Create Journals spreadsheet and some transactions fail, a new Error column will display the error message that indicates the reason for the failure. 

Improvements to GL Setup Data Export Services

You can now create a configuration package using your implementation project to export only a subset of GL setup data based on the primary ledger scope that you specify. The primary ledgers, associated secondary ledgers and reporting currencies, based on the primary ledger scopes that you specify, will be included in the export file.  In cases where GL setup data does not explicitly refer to a ledger name, the ledger name in the scope will be used by the export services to derive another attribute, such as the chart of accounts or calendar, to filter the setup data to be included in the configuration package.

Payables

Audit History Enablement

Oracle Financials Cloud currently supports audit history on several key business objects. You can individually configure and enable auditing of each business object. With this release, we have expanded the list of supported Payables business objects to include transaction entities such as Correct Import Errors and Invoice.

Consolidated Workflow Notification for Similar Matched Holds

You can now generate a consolidated hold notification for similar matched holds, such as Ordered Amount and Maximum Ordered Amount. Previously the Invoice hold resolution workflow generated a separate hold notification for each hold placed on the invoice. You can also perform Acknowledge or Release actions on multiple holds from the same notification.

Payables Invoices in the Universal Business Language 2.1 XML Format

You can now receive electronic invoices from suppliers in the Universal Business Language (UBL) 2.1 XML format using Collaboration Messaging Framework. UBL 2.1 is required for business to government transactions in several European countries.

Search in Payables Correct Import Errors Spreadsheet

The Payables Correct Import Errors Spreadsheet now includes a Search feature to filter records when correcting invoice import errors.

Supplier Portal Invoicing Enhancement

Supplier Portal Invoicing contains the following enhancements:

• Save invoices created through the supplier portal for later editing.
• Recalculate taxes on modified invoices before submission.
• Delete or cancel saved invoices before submission.

Customer and Supplier Balance Netting

Generate Netting Settlements

Use the Generate Netting Settlements process to create and schedule netting settlements for a legal entity or business unit. The process can create settlements for all agreements, a group of agreements, or a single agreement.

Netting Agreement Import

You can now create a group of netting agreements using the Netting Agreement Import FBDI spreadsheet. Use the Import Netting Agreements process to upload your completed spreadsheet.

Payments

Bank Account Number and Bank, Branch Update on External Bank Accounts

Edit the bank account number field of external bank account in the pages for:

• Suppliers
• Customers
• Expenses
• Payroll
• Bill management
• Higher Education and
• Human Capital Management

In the simplified bank account page, you can also update the bank and branch details.

Receivables

Customer and Supplier Balance Netting

Excluding Receivables Transactions from Netting

You can now exclude Receivables transactions from the netting selection process. This lets you fine tune the selection of Receivables transactions for netting selection, before beginning the spreadsheet review. Enable the Exclude From Netting option on individual Receivables transactions to exclude them from netting selection. If you want to exclude a set of Receivables transactions from netting, you can either update the Exclude From Netting option on the Receivables Transaction pages or use the Receivables Invoice web service to update the option.

Generate Netting Settlements

Use the Generate Netting Settlements process to create and schedule netting settlements for a legal entity or business unit. The process can create settlements for all agreements, a group of agreements, or a single agreement.

Netting Agreement Import

You can now create a group of netting agreements using the Netting Agreement Import FBDI spreadsheet. Use the Import Netting Agreements process to upload your completed spreadsheet.

Revenue Management

Automatically Clear Residual Contract Account Balances for Fully Satisfied Contracts

You can now identify and write off residual account balances in accounting contracts that are fully satisfied.

Estimating Standalone Selling Price Using Residual Approach per ASC 606 and IFRS 15

You can now estimate the standalone selling price for performance obligations using the residual approach in accordance with the Revenue from Contracts with Customers accounting standard (ASC 606 and IFRS 15).

The use of the residual approach to estimate the standalone selling price of a promised good or service is appropriate only when a promised good or service is sold at a broad range of prices or is not yet established.

Import Additional Satisfaction Events for Period-Based Revenue Contracts for Fixed and Variable Schedules

You now have improved control over satisfaction events for period-based revenue contracts, such as the ability to suspend, reverse, and reinstate them when the satisfaction plan is either Fixed Schedule or Variable Schedule.

Oracle Transactional Business Intelligence: Open Performance Obligation Report Dashboard

Use the Oracle Transactional Business Intelligence (OTBI) Open Performance Obligation Report Dashboard to analyze the open performance obligations for a selected ledger. The dashboard aids in the analysis of your open performance obligations and their expected settlement and revenue recognition.

Subledger Accounting

Subledger Journals in Adjusting Periods

You can now enter manual subledger journals in the adjusting periods.

Tax

Computation of GST Tax Liability on Receipt of Payment in Advance

You can now use this feature for the use case where a prepayment invoice is not required to be issued, in order to receive the advance payment. Both inclusive and exclusive tax can be calculated on the receipt of the payment.

Tax Calculation on Receipt Accounting Distributions

The Tax Calculation on Receipt Accounting Distributions feature lets you calculate transaction taxes on receipt accounting distributions as per the tax determinants and tax rates prevailing on receipt of goods. You can view detail tax lines on receipt accounting distributions, including for Tax point basis (TPB) as Invoice.

You can update tax determinants, such as Intended use on receipt of goods, and taxes are calculated according to the updated tax determinants on receipt accounting distributions.

Transactional Business Intelligence for Financials

Assets

Drill Down from OTBI Fixed Assets Reports to Asset Details

You can now drill down from OTBI Fixed Assets Reports to asset details in Oracle Assets.

Budgetary Control

Receipt Accounting Support in Budgetary Control Subject Area

Receipt Accounting information is now available for reporting in the Budgetary Control - Transactions Real Time subject area.

Cash Management

Enhancements to Cash Management Subject Areas

Cash Management subject areas have been enhanced with new columns and folders.

Expenses

Enhancements to Expense Subject Area

The Expense Transactions Real Time subject area has been enhanced with credit card transaction and expense report approval notes information.

Payables

Enhancements to OTBI Payables Subject Areas

Oracle Transactional Business Intelligence, known as OTBI, has enhanced Payables subject areas such as installments, prepayments, disbursements, holds, withholding and transactions, with new attributes, to support real-time reporting activities.

Receivables

Drill Down from OTBI Receivables Reports to Transaction and Customer Account Details

You can now drill down from OTBI Receivables ad hoc reports to transaction details and customer account or site details.

Revenue Management

Enhancements to Revenue Management Subject Areas

OTBI Revenue Management - Customer Contracts Real Time subject area has been enhanced with new columns and folders:

• Revision Intent
• Contract and Performance Obligation References
• Unit Selling price from source
• Clear Residual Account Balances
• Contract Group Number

Regional and Country-Specific Features

Financials for the Americas

Brazil

Access Fiscal Documents Based on the Source Transaction

Access and manage your fiscal documents from the application of the source transaction.

Generate Service Fiscal Documents for Brasilia

Generate service fiscal documents for Brasilia by simply identifying the Legal Reporting Unit that issues the fiscal document.

Handle Time Zones for Fiscal Document Generation

Generate fiscal documents based on the time zone of the Legal Reporting Unit that issues the fiscal document.

Support the Merge Customer Records Feature

Merge your customer records and ensure that the corresponding fiscal document entities automatically use the correct customer record.

Financials for Asia/Pacific

India

Export Under Letter of Undertaking and Under Rebate for India

You can now comply with the legal requirements of exports under letter of undertaking and export under rebate for India.

Payables Extension to Support Generation of Tax Invoice Number for India Reverse Charge Invoices

The Payables Extension to Support Generation of Tax Invoice Number on Reverse Charge Invoices enables you to:

• Generate the tax fiscal documents prescribed by the tax authorities in India.
  • Tax invoice for supplies from unregistered suppliers.
  • Payment voucher for prepayments to goods/services taxable under reverse charge mechanism. 
  • Refund voucher for advance receipts refund to customers.

• Generate sequences based on the business needs. You are provided with ADFDi spreadsheets that support sequence generation based on Business Units, Document Class (Standard Invoice, debit memo), Document Category (Document Fiscal Classifications), and Third Party Registration Status (registered, non-registered, domestic, foreign suppliers, etc.).