Oracle is a renowned platform that releases software updates regularly. The most recent and latest version of the update, Oracle 23D, is here to provide additional features, better functionality, and improved security. Oracle 23D release consists of numerous advancements in Supply Chain Management, Financials, and Human Capital Management.
Businesses need to implement these latest updates to make applications more robust. A business can make the most of the Oracle 23D release with the help of an expert platform. Opkey is an automation tool that understands the importance of staying ahead in the game of technology. It provides insights and strategies essential for smooth and successful implementation.
In this blog, we will delve into the Oracle 23D release and Opkey’s successful testing strategies.
Exploring What’s New in the Oracle 23D Release for Different Modules
Human Capital Management Module
The latest Oracle 23D release has brought several advancements in Oracle Cloud. It enables users to audit mass document downloads. For this, one needs to access log data generated during the mass download process and stored in database tables.
This also allows one to add non-workers as line managers in responsive employment processes. The last update of the year also introduces position budgeting, capturing the budgetary values for positions. This helps when creating or updating budgets.
Moreover, this update has provided features to group similar jobs for workforce scheduling. Since this has added new features, such as Scheduling Group and Job Function, the search experience will be smoother while searching for jobs.
With the upgrade to Oracle Cloud, selecting LOV values becomes easier. In addition, one can also access Fusion Analytics insights and prevent junk email notifications.
The “Manage Locations” job has been improved in HCM for the US, and worldwide payroll interfaces provide greater flexibility for integrating absence information with outside providers. Workforce structure management, employment contracts, transactions, and document records have all been improved and given new pages in the Redwood experience.
Financials Module
Common Financials
The recent update in Oracle Cloud reduces time-lapse while performing AP and AR Reconciliation. This has led to improved performance. The rounded conversion options have enabled the rounded amount for transacted tax from foreign to functional currency.
Budgetary Control
Oracle 23D release added the functionality to disable budgetary control for all journal sources. This ensures that the budget will not be calculated across all journal sources.
Expenses
The recent update added features to Oracle Cloud; this will support the MasterCard Travel card. In addition, the users of J.P. Morgan corporate cards may submit their expenses touchless and create them in real-time.
Payables
The update has brought automation features in the sections, streamlining invoice creation. Moreover, one can avoid manual entry for payment procession and invoice creation. This update also ensures that one can review the account combination details. In addition, this will skip weekends and holidays while calculating pay.
General Ledger
Fixed Assets establish user roles for asset transactions in Oracle Cloud 23D and enforce capitalization requirements, while General Ledger permits administrators to exclude Auto Accounting Journal Entries.
Supply Chain Management Module
With the recent update, one can detect financial flow based on transaction dates for intercompany shipments and internal transfers. One can also model their financial flow using country of origin and project number.
The update introduces vacation rules, which help users when on vacation, aiding in order management. Moreover, requester-initiated changes are also added to help buyers to review their orders.
Inventory management makes better processing of transfer orders and lot-controlled goods monitoring is possible. Improved inventory counting and a stronger cost rollup procedure are two aspects of cost management. Manufacturing improves flexibility about data security standards, work center schedules, and material selection.
Order Management offers improved note capturing, subscription connection, and order header holds.
Opkey: Helping Organizations to Implement Oracle 23D
Opkey is a no-code test automation platform and specializes in Oracle Cloud updates. It has helped several organizations across industries to implement Oracle 23D releases. It takes pride in reducing the testing time by 87% and increasing it by 100% test coverage.
Opkey ensures that new features and updates after the Oracle 23D release have been effectively tested, ensuring security, performance, and functionality. It also prevents manual effort for testing.
In addition, Opkey is a certified Oracle partner and can help you implement these updates hassle-free.
Closure!
Oracle 23D release brings a host of enhancements across modules, empowering businesses with improved functionality, security, and efficiency. From Human Capital Management to Financials and Supply Chain Management, the update introduces valuable features that streamline processes and elevate user experiences. Staying at the forefront of technology is crucial for businesses, and implementing these updates is key to maintaining a competitive edge.
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