The Oracle 22B release notes are meant to provide an overview of the impacted modules and new functionalities, functional updates, and issues regarding 22B Oracle Cloud Financials/HCM modules.
Details of Oracle Cloud 22B Update in the Procurement Module
Oracle procurement module can help businesses automate their procure-to-pay, strategic sourcing, and supplier management processes. Oracle fusion cloud procurement module comes with built-in collaboration and analytic insights that allow businesses to drive agility, easily manage several risks and also increase margins.
Oracle Fusion Cloud Procurement is an integrated source-to-settle suite that can easily automate several business processes, improve supplier relationships, enable strategic sourcing, and simplify buying, resulting in lower risk, improved savings, and more prominent profitability.
Purchasing
● The Oracle
Cloud 22B update includes additional attributes such as supplier name, document
totals, and document descriptions in your purchasing document approval
notification titles.
● With the latest Oracle
22B update, companies can easily monitor and troubleshoot errors in external
purchase price approval workflow with the help of the Transaction Console work
area. In addition, it also allows viewing error logs, recovering or terminating
approval tasks from the Transaction Console.
● As a buyer, businesses
won't need to search for over-released cases and manually handle them. It is
recommended to prevent purchase order submission if agreement lines would be
over-released.
● According to Oracle 22B release notes, release
suggestions to Oracle Fusion Cloud Procurement for rescheduling or canceling
purchase orders that didn't begin from Oracle Fusion Cloud Supply Planning's
buy recommendations. Before this update, such types of purchase orders couldn't
be rescheduled or canceled.
● With the latest Oracle
Cloud 22B update, businesses can effortlessly keep dates on their sales orders
synchronized with dates on their purchase order. If their supplier makes
changes to the shipment or delivery dates on the purchase order for a
pick-to-order item or a kit, then his feature will update those dates and add a
reason for the change on the related order line.
Supplier Model
● According to Oracle 22B release notes, businesses
can easily streamline B2B document sharing with the help of intelligent oracle
business network connectivity in supplier self-service registration.
● In addition, businesses can also use datafox supplier intelligence signals in internal registration and registration approvals.
Item Replacement
● The updates in the
Oracle Cloud 22B helps create replacement for items affected by supply
disruptions. This also assists you in selecting an alternative time or supplier
to deal with your supply disruptions.
● By carrying out mass
updates on purchase orders for replacements or cancellations of the existing
orders and developing new orders for the alternative source.
External Purchase Prices
● Oracle Cloud 22B can
now import buying price without any product or category.
● In recent updates, some
significant changes have been made in the purchase agreements created from
external purchase prices.
Sourcing
● When looking for
suppliers or adding them in negotiation, thereby ensuring distinct suppliers
are added to the final invitation list.
● It helps in eliminating
the manual work of removing the chances of supplier duplication.
Supplier Qualification Management
When looking for suppliers to add an initiative, 22B update can help in reviewing the Data Fox risk score of the supplier and access signals in the search results.
Spend Classification
22B helps improve classification results using
training exclusions. In addition to this, you can have access to the sample
training data set prior to its creation.
Procurement Contracts
● 22B can help view all
active sites necessary for supplier address in the fulfillment lines. The
selected sites can be utilized in the agreement developed from the contract.
● With 22B update, one
can easily differentiate base contracts developed from sourcing negotiations.
Furthermore, it allows navigating directly to a contract like a BI report.
Channel Revenue
Management
With 22B, you can make use of the legal entity
time zone while developing programs, adjustments, claims, accruals, and listing
transactions.
Supplier Channel Management
● The 22B update
facilitates users to import any additional information included in the supplier
invoice line in the form of CSV file to a descriptive flex field.
● Furthemore, users can
use a distinct catalog for alternative supplier sites.
● Moreover, exchange rate dates can be specified for manual adjustments to supplier programs.
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