Oracle Cloud 24D Release Notes: What’s New?

The latest quarterly update for Oracle Cloud is here! The Oracle 24D release date falls on the first Friday of October 2024. Oracle 24D release brings new features and functionalities to Oracle environment. This blog covers what's new to look forward to in the Oracle's 24D release and how it can benefit you. We'll break down the key features concisely, so you can get the most out of your upgrade.

As a trusted Oracle partner, Opkey is here to guide and empower Oracle users with a smooth update process. This blog explores the new features and benefits that are coming with the 24D Oracle Cloud Quarterly Updates. We'll also emphasize why robust testing is crucial for the seamless rollout of Oracle updates and how Opkey can help you with that.    

If you want detailed information beyond the features and benefits discussed here, check out the 24D Concise Summary Advisory or the Comprehensive 24D Advisory.

What’s new in Human Capital Management (HCM)?

Automatic provisioning assigns responsibilities without manual effort, reducing HR workload and ensuring employees receive correct roles immediately.

What’s new in Financials Module (FIN)?

The Oracle 24D update adds Descriptive Flexfields (DFFs) for custom asset attributes, improving data tracking and analysis while enhancing asset management.

What’s new in Supply Chain Management (SCM)?

The Oracle 24D update introduces generative AI to streamline the creation of supplier qualification programs, simplifying the setup of questionnaires and certification materials. This reduces the effort previously required for research and design.  

What’s new in Redwood Experience?

• Centralized access to setup activities reduces navigation time, enabling faster task completion.  

• Guided journeys help new users quickly learn setup tasks, while administrators can create tailored journeys for specific roles, providing a personalized learning experience.

What are the New Technical Updates in Oracle 24D Release?

Human Capital Management (HCM)

• The Salary History, Stock Grants, and Online Total Compensation Statement pages have been redesigned using Redwood's Visual Builder Studio, enhancing user experience and functionality.

• Approvers now receive BI Publisher notifications for Change Salary, Salary History, Personal Contributions, Individual Compensation, and Administer Compensation actions, all featuring the enhanced Redwood experience design.

• The Redwood employment processes in HCM Data Loader (HDL) now allow users to record additional notes during employment changes. You can include assignment details in the .dat file and easily add notes for further context.

Financials (FIN)

• To initiate the escheatment process for unclaimed check payments, use the enhanced payment REST API to identify stale payments and start the escheatment operation efficiently.

• Leverage the ERP Integrations REST API to escheat payments marked as "Escheatment Initiated" and generate an invoice to remit the funds to the escheatment authority.

• Generate an invoice or credit memo directly from the Create Transaction page or via REST APIs for seamless transaction management.

Supply Chain Management (SCM)

• Leverage Oracle Transactional Business Intelligence (OTBI) to generate audit reports on transfer order receipts, with the Direct Transfer Order Attribute now accessible in the Receiving Transactions Real Time Subject Area for enhanced reporting.

• Utilize REST Services to create or import sustainability activities, enabling seamless integration with third-party systems.

• Create a custom file name pattern for B2B outbound messages by modifying the Extensible Style Sheet Language (XSL) file used for collaboration messages sent via SFTP, File Export, or Email.

Opkey for Oracle Cloud Testing: Oracle 24D

Opkey’s AI-enabled, No-Code platform helps businesses validate new Oracle releases seamlessly, helping them to unlock the full potential of their Oracle environment.    

Learn more: A Practical Guide to Testing Oracle Cloud Updates

Opkey reduces test cycles and helps businesses to achieve improved risk coverage with the power of no-code test automation.

Here’s how:

• Pre-Built Test Cases: Opkey's library of pre-built test cases for Oracle applications accelerates the testing process.

• No-code Test Automation: Opkey's built-in AI enables business users to write and automate tests without requiring IT assistance.

• Change Impact Analysis: Opkey's impact analysis lets you know precisely what will change between your processes as-is and to-be, and it ensures that the most significantly affected business processes are tested first.

• Self-healing: Opkey's self-healing features fix broken tests with a single click. As a result, test maintenance efforts are reduced by 70%.

• Reporting and Analytics: Opkey's reporting and analytics features provide insights into test results for informed decisions.