Opkey Surge - Key Highlights of Oracle Cloud 20C Update.

July 17, 2020
Dimpy Sharma

Table of contents

Opkey Surge - Key Highlights of Oracle Cloud 20C Update.

Oracle Cloud 20C Update has arrived and would like to admit it has some pretty cool features which definitely deserves to be enrolled to. Below are top 5 key features from us:

Simpler Configuration for Approval Workflow:
The current update has come up with simplifying one of the most key workflows – Approvals and now allows configuration of the same in 2 important functions: Payables Invoice Approval and General Ledger Journal Approval through datasets.
Now, Data Sets can be used to define a mapping between the approver and relevant transaction attributes. You can download any of the available templates from the Oracle Readiness Workspace for the Approval workflow tasks to use this feature.
In order to configure these data sets for example during Invoice Approval Rules set up, select “Use Dataset” as the “Start Approver” attribute.  You can then enter the approvals and upload the spreadsheet into Cloud instance.

Oracle Digital Assistant Now expands its landscape on ‘Finance and HCM’ modules: Earlier versions of Oracle’s Digital Assistant did show some promise and this update got an enhancement to many of its earlier features.

  1. Assistant will prompt you when (provided setup is correct) in case there are any inconsistencies
  2. Notification appears in case expense created by Digital Assistant requires some attention
  3. Users can take action in the Expenses web application
  4. Expense items created by the Oracle Digital Assistant and matched to corporate card charges are highlighted in the Expenses work area like corporate card charges and charges that are matched to multiple corporate card charges
  5. View Expense Report Status and Payment Details Using Oracle Digital Assistant

Actions Framework Improvements: Now you can configure country and/or role-specific action and action reasons that extend flexibility on filtering out lists of actions and reasons based on specific roles or countries. Also, you can make assignment statuses country-specific and also set a default assignment status based on the action selected.

Salary range validation configuration: Before the system only raised a warning message without preventing saving a change salary transaction. Multiple workarounds for the same used to be shared for the same requirement. Now it is not needed anymore as it becomes a standard configuration. We can now specify whether to allow, warn, or disallow proposed salaries that violate the salary range.

Reconcile Zero amount System Transactions:  Reconcile zero amount transactions not reported in bank statements both manually and automatically. Set up reconciliation matching rules to reconcile zero amount transactions without a matching bank statement line using the Autoreconciliation process. Use the enhanced Manual Reconciliation process to reconcile zero amounts manually. Hope you all find it useful.

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