Cloud Readiness / Oracle Financials Cloud
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  1. Update 19D
  1. Revision History
  2. Overview
  3. Common Technology and User Experience
    1. Common Financials Features
        1. REST Services Updates for Financials
        2. Workflow Transaction Console
      1. Intercompany
        1. Improved Intercompany Processing with Support for Multiple Addresses Per Legal Entity
  4. Financials
    1. Assets
        1. Manage Depreciation and Retirement Rules for Statutory Tax Reporting in the Czech Republic
    2. Expenses
        1. Identify Meal and Accommodation Expenses with Policy Validations on Expenses Mobile Application
        2. Review Expense Report Status on Expenses Mobile Application
    3. General Ledger
        1. Design and Maintain Financial Reports Efficiently from the Cloud
        2. Save and Reuse Search Criteria in Account Balance Inquiries
        3. Accounting Automation
    4. Payables
        1. Configurable Payables Workflow Notifications
        2. Disable the Deletion of Attachments for Validated or Approved Invoices
        3. Require Attachments for Invoices Through the Supplier Portal
    5. Payments
        1. Update Payment Requests When Creating or Ending Employee Bank Account
    6. Receivables
        1. Additional Attributes for Deriving Receivables Accounting
        2. Automatically Unapply Receipts When Approved Credit Memo Amount is More Than Invoice Balance
        3. Display Balance Forward Bills in Bill Management
        4. Remove Customer Profile Attribute Values in Bulk Through Customer Import
        5. Search for Customer Using Customer Address
    7. Revenue Management
        1. Allow Override of Currency Conversion Details for Revenue Contract Lines
        2. Business Events for Managing Revenue Contracts
        3. Update Descriptive Attributes on Revenue Contracts Without Invoking Contract Modifications
    8. Tax
        1. Calculate Withholding Tax Based on Payment Amount
        2. Prevent Withholding Tax Amounts Less Than Zero
        3. Validate Tax Configuration and Calculation Results Through Enhanced Tax Simulator
        4. Validate Tax Registration Number for Australia
        5. Validate Tax Registration Number for New Zealand
    9. Transactional Business Intelligence for Financials
        1. Cross-Pillar Reporting Between Receivables and Projects
        2. Enhancements to General Ledger Subject Areas
        3. Enhancements to Receivables Subject Areas
        4. Enhancements to Revenue Management Subject Areas
        5. Financial Category Attribute Available in Oracle Transactional Business Intelligence Subject Areas
  5. Regional and Country-Specific Features
    1. Financials for the Americas
        1. Generate Withholding Certificate Number and Capture Additional Attributes for Argentina XML Payment File
    2. Financials for EMEA
        1. Generate VAT File in 835 Format for Israel
        2. Include Taxable Journals and Transactions in Tax Registers for Italy
    3. Financials for Regional Localizations
        1. Generate Data Extract for Norway SAF-T

Update 19D

Revision History

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

Date Feature Notes
06 SEP 2019   Created initial document.

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

REST Services Updates for Financials

The following REST resources provide new or enhanced integration capabilities:

  • External Bank Accounts - Create, update, and view bank accounts assigned to suppliers, customers, and external parties.
  • External Payees - Assign payment methods to suppliers.
  • Bill Management Users - Enroll users to provide customer accounts payable specialists access to Bill Management.

You can view details about these services in the REST API for Oracle Financials Cloud guide.

Workflow Transaction Console

Using a single dashboard, administrators can now proactively monitor all workflow tasks and resolve the exceptions for Invoice, Expenses, and Journal Approval workflows.

Intercompany

Improved Intercompany Processing with Support for Multiple Addresses Per Legal Entity

Assign a different customer account for each combination of legal entity and intercompany organization. This facilitates intercompany invoice processing and tax treatment for a legal entity that generates invoices with different bill-to sites and addresses.

Financials

Assets

Manage Depreciation and Retirement Rules for Statutory Tax Reporting in the Czech Republic

Comply with the statutory asset tax reporting requirements for the Czech Republic.

  • Round up depreciation amounts.
  • Change the asset's depreciation method in the tax book after a technical appraisal.
  • Extend the life of an intangible asset after a technical appraisal.
  • Ensure depreciation is half of the annual amount when the asset is fully retired.

Expenses

Identify Meal and Accommodation Expenses with Policy Validations on Expenses Mobile Application

Validate meals and accommodations expenses for policy violations using the Expenses mobile application. If your company policy permits submission of expenses with policy violations, you can provide a justification using the mobile application. If your company policy doesn't allow an expense report submission with policy violations, you can't submit the expense item. You must correct the expense item using the mobile application before submission.

Review Expense Report Status on Expenses Mobile Application

Review expense report status and comments for rejected reports directly on the Expenses mobile application.

General Ledger

Design and Maintain Financial Reports Efficiently from the Cloud

Define and maintain financial reports using Reporting Web Studio. It has a similar look and feel to Financial Reporting Desktop Studio, with added benefits of single sign-on support and no longer having to install additional client software. Oracle recommends users transition from using Financial Reporting Studio to Reporting Web Studio for new and existing reports at the earliest opportunity, as support and distribution of the Desktop Studio will discontinue in the future.

Save and Reuse Search Criteria in Account Balance Inquiries

Save and reuse search criteria on the Inquire on Detail Balances page to retrieve account balances quickly and efficiently.

Accounting Automation

Accounting Automation streamlines and automates your end-to-end accounting and transaction processes, including Import Daily Rates, Create Accounting, Import Journals and Posting, greatly reducing manual effort and time lag in the accounting function. The data flows through all of the required processing steps with no user intervention, while making it easy to involve the right people at the right time to resolve exceptions. This facilitates continuous availability of accurate and up-to-date financial information.

Payables

Configurable Payables Workflow Notifications

Enhanced workflow notifications for Payables workflows are available for you to use. Use and configure the Oracle Business Intelligence Publisher templates to generate the email and in-app notifications for Payables workflows. The predefined template can be modified by you to display information based on your business requirements and policies.

Disable the Deletion of Attachments for Validated or Approved Invoices

An additional option is available in the Manage Invoice Options page, to prevent deletion of attachments for validated or approved invoices.

Require Attachments for Invoices Through the Supplier Portal

An additional option is available in the Manage Invoice Options page, to enforce suppliers to provide attachments for  invoices created from the supplier portal.

Payments

Update Payment Requests When Creating or Ending Employee Bank Account

You can now automatically apply a payment request to a newly created bank account.

Receivables

Additional Attributes for Deriving Receivables Accounting

This enhancement includes additional attributes related to the origin and history of Receivables transactions as sources to drive Subledger accounting and reporting.

Automatically Unapply Receipts When Approved Credit Memo Amount is More Than Invoice Balance

Use this feature to automatically reverse receipt applications during the credit memo approval process. If the approved credit memo amount is greater than the invoice balance, one or more receipt applications are fully or partially unapplied to close the open balance after adjusting the credit amount.

Display Balance Forward Bills in Bill Management

Review balance forward bills using Bill Management.

Remove Customer Profile Attribute Values in Bulk Through Customer Import

The Customer Import upload spreadsheet can remove existing values for Credit Limit, Order Credit Limit, Credit Review Cycle, Last Review Date, and Next Review Date when #NULL is populated for those attributes.

Search for Customer Using Customer Address

Use this feature to search for a customer using the new site number search attribute on Manage Customers page.

Revenue Management

Allow Override of Currency Conversion Details for Revenue Contract Lines

Optionally provide currency conversion details in the new columns added to the Revenue Basis Data Import file.

Business Events for Managing Revenue Contracts

Subscribe to business events for managing Revenue Contracts. These business events signal when contracts are created, updated or deleted in bulk.

Update Descriptive Attributes on Revenue Contracts Without Invoking Contract Modifications

Update descriptive attributes on revenue contracts using the Revenue Basis Data Import template. Use a record type of U to indicate that a data row is meant for update. To remove existing values from attributes, enter the value #NULL.

Tax

Calculate Withholding Tax Based on Payment Amount

Calculate withholding taxes based on the total payment amount to a supplier, optionally considering minimum taxable and tax amount thresholds.

Prevent Withholding Tax Amounts Less Than Zero

Prevent creation of negative withholding tax lines for a payment consisting of invoices and credit memos.

Validate Tax Configuration and Calculation Results Through Enhanced Tax Simulator

Review tax determinants and defaulting levels, and get more insight into calculated taxes, through enhanced tax simulator.

Validate Tax Registration Number for Australia

Validate tax registration numbers as per Australian business number validation rules.

Validate Tax Registration Number for New Zealand

Validate tax registration numbers as per New Zealand's business number and GST registration number validation rules.

Transactional Business Intelligence for Financials

Cross-Pillar Reporting Between Receivables and Projects

The Oracle Transactional Business Intelligence AR subject area Receivables - Transactions Real Time has been enhanced to allow intergration with Oracle Transactional Business Intelligence Projects for cross-pillar reporting. The enhancement includes additional information for project contract line details, associated task, and associated task hierarchy.

Enhancements to General Ledger Subject Areas

Report on last updated by, last updated user and last updated date from the Oracle Transactional Business Intelligence subject area General Ledger - Period Status Real Time.

Enhancements to Receivables Subject Areas

The Oracle Transactional Business Intelligence subject area Receivables - Transactions Real Time has been enhanced with the additional reporting attribute Email Recipients.

Enhancements to Revenue Management Subject Areas

Report on devolved performance obligations and immaterial contract modifications in the Oracle Transactional Business Intelligence subject area Revenue Management - Customer Contracts Real Time.

Financial Category Attribute Available in Oracle Transactional Business Intelligence Subject Areas

Use the Financial Category attribute to analyze your data in Oracle Transactional Business Intelligence reporting.

Regional and Country-Specific Features

Financials for the Americas

Generate Withholding Certificate Number and Capture Additional Attributes for Argentina XML Payment File

Generate withholding certificate number during payment creation to include it in Argentina disbursement XML payment file, along with additional attributes.

Financials for EMEA

Generate VAT File in 835 Format for Israel

Generate VAT file in the 835 format, for uploading periodically to the Israel Tax Authority website.

Include Taxable Journals and Transactions in Tax Registers for Italy

Include imported taxable journals and transactions in VAT Reports for Italy.

Financials for Regional Localizations

Generate Data Extract for Norway SAF-T

Generate data extract for tax audit purposes, based on the SAF-T v2.0 format. This enables you to support the accounting section requirements of Norway SAF-T.