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.

The Full List

FeatureModule
Drill Through to Supporting Details from the Reconciliation SummaryAccount Reconciliation
New Attributes Added to Transaction Matching Search, Charts, and Report QueriesAccount Reconciliation
Unmatch Transactions That Were Matched by Auto MatchAccount Reconciliation
Application Environment Management for EPM Cloud Environments in OC4 (UK Government OCI) RegionsEPM Cloud Platform
Deprecation of EPM Automate and REST API Settings for Idle Session Timeout for OCI (Gen 2) EnvironmentsEPM Cloud Platform
Enhanced Member Selection Dialog for Smart View (Mac and Browser)EPM Cloud Platform
EPM Spotlight FeaturesEPM Cloud Platform
Export Library Documents REST API Enhanced to Export a Batch of DocumentsEPM Cloud Platform
exportLibraryDocument EPM Automate Command Support of Multiple DocumentsEPM Cloud Platform
Helpful InformationEPM Cloud Platform
Last 15 Clear Data and Clear Block Commands TablesEPM Cloud Platform
Monthly Update ScheduleEPM Cloud Platform
New Approval Unit Hierarchy OptionEPM Cloud Platform
New Audit Types: Report Artifacts and DocumentsEPM Cloud Platform
New Version of Oracle Smart View for OfficeEPM Cloud Platform
New Voice Recognition ServiceEPM Cloud Platform
Object Storage Now Available for Task Manager, Supplemental Data Manager, and Enterprise Journals AttachmentsEPM Cloud Platform
Readiness Now on Oracle Help CenterEPM Cloud Platform
Submit Data when Flex Forms Contain Invalid MembersEPM Cloud Platform
Updated Admin Extension for Smart ViewEPM Cloud Platform
Calculation Segmentation Now Enabled for Up to Two DimensionsEnterprise Profitability and Cost Management
EPM Automate Support of Task Manager CommandsEnterprise Profitability and Cost Management
Modeling Screens and Reports Corrected to Respect Time Zone User PreferenceEnterprise Profitability and Cost Management
Enhanced Organization by PeriodFinancial Consolidation and Close
Intercompany Matching Report EnhancementsFinancial Consolidation and Close
Support for Year-to-Date Journals on Consolidation ReportsFinancial Consolidation and Close
Generative AI for Management Reporting NarrativesNarrative Reporting
Highlight All Variables in a Doclet in Smart ViewNarrative Reporting
Updated Narrative Reporting Extension for Smart ViewNarrative Reporting
Loading, Reviewing, and Updating Predictive Cash Forecasting Historical Opening Bank Balance and Bank Balance is Now EasierPlanning
New TutorialsPlanning
Predictive Cash Forecasting User Interface is Now TranslatedPlanning
Enhanced Tax and Pillar Two AutomationTax Reporting

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