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The tentative Oracle Cloud Financials 25A release date is set for February 2025. Are you prepared?
This blog offers a high-level summary of the new features that come with the Oracle Financials 25A release. We think you’ll love the new benefits and enhanced capabilities available to you in this update, which features adaptive learning, automatic adjustments of receipts, and automatic splits of large transactions into smaller.
If you’re excited about getting started on Oracle Financials 25A’s new features for your organization, don’t forget that thorough testing is crucial to maintaining seamless operations.
Opkey’s AI enabled, no-code test automation platform can make updates quick and painless. As an official Oracle partner and #1 rated app on Oracle marketplace, we are uniquely equipped to assist in Oracle update testing.
Explore our concise advisory, designed to provide quick, functional, and technical insights into the latest Oracle Cloud 25A release.
Details of the Oracle Financials Cloud 25A Release Notes: What’s New
General Ledger
- This update allows the conversion of batch-based intercompany transactions into the General Ledger or Receivables and Payables for invoicing, using country or region-specific rate types.
- Create accounting feature automatically partitions large accounting hub transactions into smaller ones during the import process, resulting in faster completion time.
Payables
- With this update, the Adaptive Learning can recognize India HSN codes on invoices imported through IDR, which are crucial for tax calculation on India GST invoices.
Receivables
- The Lockbox processing creates adjustment entries for underpaid receipts using tolerance limit, match payments with invoice Auto Cash rule, and Receipt Application Exception Rule for automatic adjustments.
- The new update simplifies the process of uploading descriptive flex field values for cash receipts, reducing manual effort and enabling organizations to store additional information for tracking, reporting, and accounting.
Lease Accounting
- This update streamlines foreign currency lease migration by using the current conversion rate to calculate lease liabilities, with recalculations each reporting period and income statement updates reflecting currency changes.
- This update ensures accurate midlife lease imports by recording the right-of-use accumulated amortization balance. It also requires separate accounting for the gross right-of-use asset and accumulated amortization to maintain compliance with lease accounting standards.
Expense
- The Document IO Agent enhances expense creation by automatically extracting attributes from multilingual receipts, ensuring accurate data and seamless matching with J.P. Morgan Corporate Card charges. This feature is exclusive to Touchless Expenses users.
Technical Updates
- Oracle Accounting Hub Cloud now supports highly elastic and parallel processing for importing large transaction sets into source applications.
- This enables orchestration of downstream accounting and posting processes through API-based access to transaction processing metrics, which can help build monitoring dashboards for quicker exception resolution.
- Administrators can track successfully processed transactions, those with exceptions and their solutions, and transaction processing volumes by ledger and source application.
How Opkey Can Help
As an official Oracle testing partner, Opkey can expedite Oracle Cloud quarterly update certifications, cutting timelines from weeks to days.
Before each update is applied to your environment, Opkey empowers you to execute a comprehensive suite of automated tests, ensuring new features and updates are thoroughly validated and seamlessly compatible with your system.
Opkey validates:
- Performance optimization
- End-to-end business processes and workflows
- Customizations and configurations
- System integrations
- End user experience
- Test reporting and documentation
