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01 Oct
Oracle Cloud EPM Updates: October 2024
The documentation for the October update to Oracle Cloud EPM has been released and there are quite a few new features. As a reminder, these updates are applied in test during the first daily maintenance that occurs after Friday, October 4, 2024 at 22:00 UTC and in production two weeks later during the first daily maintenance that occurs after Friday, October 18, 2024 at 22:00 UTC. There are some major changes to FCC and Smart View, so let’s get into it.
Org By Period in FCC
The Organization by Period feature in Oracle Cloud EPM allows businesses to manage and report financial data based on different organizational structures over time. This is particularly useful for companies undergoing mergers, acquisitions, or restructurings, as it provides the flexibility to reflect these changes accurately in financial reports. With this update, we finally have one of the last pieces of remaining functionality from HFM that has been missing in FCC. Here are a few of the highlights:
- Separate Calculation and Approval Statuses
- Enhanced Locking of Ownership Data
- New Node Status
- Improved Approval Process
- Configuration Tasks for Data Updates
New Smart View Release
With the release of Smart View 24.200, there are a variety of patches and a few new features. The biggest feature update is the inclusion of functionality to KEEP NUMERIC DATA! This is a huge update, because there’s nothing like having a variety of numbers in your Excel document that suddenly disappear when you refresh. You can find the entire readme of new features here.
