Oracle E-Business Suite 12.2.4

 Features of Oracle E-Business Suite 12.2.4

Oracle E-Business Suite 12.2.4 Helps Organizations Further Optimize Business Processes, Reduce Costs, and Respond to Changing Market Conditions.
This Release includes and focus on customer-driven enhancements across virtually all functional areas and new cloud integrations

Also, this Release Update Pack (RUP) for the EBS 12.2 release codeline includes new features as well as statutory and regulatory updates, and error corrections for stability, performance, and security.

Some of the introducing enhancements listed as below:

Oracle Financials: Faster approval cycles from parallel approval of invoices. A single mass allocation formula is used to generate allocation journals for all ledgers in a ledger set. Integration with Oracle Revenue Management Cloud allows users to leverage the revenue compliance and recognition benefits of that product.

Oracle Lease :The following features of Oracle Lease and Finance Management have been added or changed

Enter Interim Payments for Assets, Fees and Services

Author Contracts with New and Re-Leased Assets

Author Variable Rate Contracts with Additional Interest Rate Conventions

Update Default Asset Salvage Values

Revise Variable Rate Contracts

Enhanced Security Deposit and Contract Termination Processing

Enhanced Pass Through Processing for Fees and Services

Oracle Projects: Enhancements includes Oracle Project Contracts and Oracle Project Billing allow US federal contractors to improve cash flow, increase transparency and audit, and automate billing.

Oracle Purchasing: Web ADI–enabled spreadsheet creation and modification of purchase order lines, schedules, and distributions improves buyer productivity when dealing with large orders.

Oracle iProcurement: A streamlined single-step checkout flow allows employees to quickly complete shopping activities and start the requisition approval process.

Oracle Procurement Contracts: Improved buyer efficiency from auditing of contract documents by reviewing details of policy deviations and net clause additions.

Oracle Services Procurement: Enhanced capabilities provide buyers with greater flexibility to support a broad range of complex order scenarios.

Oracle Channel Revenue Management: Improved volume offer capabilities and a streamlined user interface enable users to quickly adapt to changing business conditions.

Oracle Order Management: A new HTML user interface provides improved usability, greater flexibility, and a more modern user experience.

Oracle Yard Management: A new solution enables manufacturing, distribution, and asset-intensive organizations to manage and track the flow of trailers and their contents into, within, and out of the yards of distribution centers, production campuses, transportation terminals, and other facilities.

Oracle Manufacturing: Significant usability improvements in the Oracle Manufacturing Execution System (MES) help improve operator productivity by simplifying time entry and quality collection. New capabilities to manage the auto-dekit (disassembly) of serialized products supports customer returns and internal reuse of component parts.

Oracle Enterprise Asset Management: Enhancements to support linear assets in industries, such as oil and gas, utilities, and public sector, help improve productivity and retire costly integrations and custom code.

Oracle Service: Enhanced spare parts planner’s dashboard provides rich user interaction to improve planner productivity.

Oracle Value Chain Planning: Numerous enhancements across multiple products include deeper industry functionality, such as minimum remaining shelf-life enhancements for the pharmaceutical and consumer goods industries, multistage production synchronization for process industries, and integration between Oracle Service Parts Planning and Oracle Enterprise Asset Management for asset-intensive industries. New promotions planning analytics in Oracle Advanced Planning Command Center improve business insight.

Oracle Payroll: Payroll dashboard provides at-a-glance readiness checks, validation, and analytical views of the entire payroll cycle to help payroll administrators gain valuable insight into payroll processes, avoid costly errors, and improve productivity.

Oracle Self-Service Human Resources: Transaction dashboard helps employees and managers monitor the approval progress of self-service transactions, and review transaction details at any point after final approval.

Oracle Learning Management : Enhanced user interface simplifies the learner’s ability to search the training catalog, engage in learning activities, and share experiences with fellow learners.

The details for downloading and applying the Oracle E-Business Suite 12.2.4 Release Update Pack can be found in the Oracle E-Business Suite Release 12.2.4 Readme (Doc ID 1617458.1).