Cloud Readiness / Oracle Fusion Cloud Risk Management
New Feature Summary
Expand All


  1. Update 23A
  1. Revision History
  2. Overview
  3. Risk Common
    1. Common Risk Management
        1. UX Improvements
    2. Transactional Business Intelligence for Risk Management
        1. New Fact Folder Relationships Between Existing Dimension Folders
        2. New Dimension Control Assessment Result Details Available
  4. Financial Reporting Compliance
    1. Financial Reporting Compliance
        1. Record ID Is Displayed and Available for Search
        2. Improvements to Form Layouts
        3. Selection of Perspective Hierarchies for Assessment Batches Is Refined
        4. Support of Rich HTML in Survey Instructions
        5. Search for Controls by Type
  5. Risk Management
    1. Advanced Financial Controls
        1. Changes Are Made to Business Objects
        2. Revised Model in Content Library
        3. Better Visibility to the Progress of Business Object Data Synchronization
    2. Advanced Access Controls
        1. Copy Entitlements
        2. Updated Delivered Model Content
    3. Access Certification
        1. Expanded the Copy Certification List of Values
        2. Manual Email Reminders

Update 23A

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 Module Feature Notes
09 DEC 2022 Advanced Access Controls Updated Delivered Model Content Updated document. Revised feature name.
02 DEC 2022     Created initial document.

Overview

HAVE AN IDEA?

We’re here and we’re listening. If you have a suggestion on how to make our cloud services even better then go ahead and tell us. There are several ways to submit your ideas, for example, through the Ideas Lab on Oracle Customer Connect. Wherever you see this icon after the feature name it means we delivered one of your ideas.

GIVE US FEEDBACK

We welcome your comments and suggestions to improve the content. Please send us your feedback at oracle_fusion_applications_help_ww_grp@oracle.com.

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.

Risk Common

Common Risk Management

UX Improvements

Oracle continues to enhance the user experience. To ensure clarity, enhancements were made in the following UX pages:

  • Risk Management > Setup and Administration > Configuration Options
  • Risk Management > Setup and Administration > Lookups

Transactional Business Intelligence for Risk Management

New Fact Folder Relationships Between Existing Dimension Folders

In the Risk Management Cloud Compliance Real Time and Assessment Results Real Time subject areas, information is centered on a fact, and that fact is joined to several dimensions. Additional fact relationships between existing dimensions have been implemented, thereby enhancing your real-time insight into your data.

New Dimension Control Assessment Result Details Available

A new dimension is now available in Risk Management Cloud - Compliance Real Time: Control Details > Control Assessment Result Details.

Financial Reporting Compliance

Financial Reporting Compliance

Record ID Is Displayed and Available for Search

The system-generated record number is now rendered as a record ID for the following object records: Process, Risk, Control, all Control Test Plans, Assessment Result Record, Issue, Remediation Plan, and Action Item. These record IDs are visible in OTBI and can be configured as deep links.

Improvements to Form Layouts

Oracle continues to enhance the user experience. Layout improvements have been made in the Detail forms and Additional Information panels for records of the following objects.

  • Assessment Records
  • Controls
  • Control Test Plans
  • Issues
  • Remediation Plans

In addition there were table header changes made to Perspectives > Perspectives Hierarchies definition UX page.

Selection of Perspective Hierarchies for Assessment Batches Is Refined

The Assessment Batch Scoping guided process now makes perspective hierarchies available only if they are mapped to the type of object you're assessing (Process, Risk, or Control).

Support of Rich HTML in Survey Instructions

In the Create Survey Template page, you can now apply rich HTML to the survey's instructions.

Search for Controls by Type

In the Controls search page, you can now search for control records by type. You define control type values in the Lookups feature of Setup and Administration, and then assign the values to controls as you create or edit them.

Risk Management

Advanced Financial Controls

Changes Are Made to Business Objects

This release includes changes and attribute additions to business objects. Updated business objects include Employee Job Assignment, Business Operating Unit, Payroll Transactions, Purchasing Approved Supplier List Statuses, and five audit objects.

Revised Model in Content Library

In the Enterprise Resource Planning content library, model 30003: Backdated Purchase Orders is updated.

Better Visibility to the Progress of Business Object Data Synchronization

During a data synchronization job, you can view the current status of each business object undergoing synchronization: whether it's pending, in progress, or completed. In addition, the count of records processed with no error now includes those that haven't been updated, but were still processed. To view this information, open the Summary page available from the record of the synchronization job in the Manage Jobs page.

Advanced Access Controls

Copy Entitlements

Now you can copy access entitlements. You can easily copy all of the access points from one entitlement to a new entitlement, where you can remove or add access points as needed. Just change the entitlement name to make it unique and you're all set to use the newly copied entitlement.

Updated Delivered Model Content

Oracle has removed 2 models, 6923: Enter Journals and Manage General Ledger Enterprise Structures and 7556: Post Journal Entry and Manage General Ledger Enterprise Structures. Oracle has also updated 2 entitlements: Set Up General Ledgers and Create Payments. Updates to the entitlements affect 13 models.

Access Certification

Expanded the Copy Certification List of Values

As you create a new certification, you can base it on a prior certification. You can now select among all previous certifications, regardless of their status. The Reuse Prior Certification Definition field displays the certifications in chronological order with the most recent listed first, and allows suggestive search.

Manual Email Reminders

The Access Certification email reminders have been reworked. Owners and managers can send email reminders manually by clicking Actions > Send Email Reminder in any active certification.