Oracle believes in continuous improvement and releases new features, functionalities, enhancements, and bug fixes. These updates are known as Oracle quarterly updates.

In this blog, you will learn about the eighth most recent Oracle quarterly updates with detailed information.

Learn About Oracle Updates Release Cycle

Oracle releases four updates in a year, and each update is assigned a sequential name. For instance, Oracle quarterly updates 2024 are named in a sequential series. The first quarterly update is named 24A, the second 24B, the third 24C, and the fourth quarter 24D. Moreover, it is essential to understand that these updates are staggered at different times, so companies operate at various steps based on their preference.

Here are the three cycles of quarterly updates:

• January/April/July/October

• February/ May/ August/ November

• March/ June/ September/ December

List of Recent Oracle Updates

Oracle Cloud 23D Release
The Oracle quarterly updates are rolled out for organizations, bringing various changes considered game changers. The updates significantly enhance various modules, such as Supply Chain Management, Financials, and Human Capital Management.

Human Capital Management Module

The 23D updates bring several advancements in Oracle Cloud, enabling users to audit mass document downloads. The year’s last update introduces position budgeting, helping to create or update budgets. This update has added features like grouping similar jobs for workforce scheduling, enabling a smoother experience while searching for jobs. With these updates, employment contracts, transactions, document records, and workforce structure management have been improved in the Redwood experience.

Financials Module

The latest Oracle quarterly updates reduce time-lapse while AR and AP reconciliation improves performance. It also added the functionality to disable budgetary control and restriction of budget across all journal sources. Moreover, it also supports Master cards and travel cards. In addition to this, the 23D update has brought automation features, such as streamlining invoice creation. One is not required to manually enter the data for payment processing and invoice creation. This lets me review the account combination details while skipping holidays and weekends.

Supply Chain Management Module

The recent update enhances financial flow detection for intercompany shipments and internal transfers, allowing users to model flow based on transaction dates, country of origin, and project numbers. New features include:

• Vacation rules for order management during absences.

• Requester-initiated changes for buyer order reviews.

• Improved inventory processing.

• Lot-controlled goods monitoring.

• Strengthened cost management.

Manufacturing gains flexibility in data security, work center schedules, and material selection. Order Management sees improvements in note capturing, subscription connections, and order header holds.

Oracle Cloud 23C Release

Oracle 23C updates include enhancements in various modules, such as Supply Chain Management, Financials, and Human Capital Management. These Oracle quarterly updates brought pivotal advancement for businesses, integrating cutting-edge AI capabilities into the database. Data scientists and developers benefit from enhanced data mining and machine learning algorithms, ensuring the development of accurate and swift analytical models.

SQL experiences a boost with Oracle 23C, featuring advanced layers that enable developers to define column representations, including new boolean data types and direct join-in updates. JSON flexibility is maximized by introducing JSON Relational Duality views, allowing developers to leverage relational and JSON data models seamlessly.

Oracle 23C streamlines workflows in the Financial Module, enhances compliance in HCM with new attributes, and introduces flexibility in SCM through ad hoc material transactions, significantly benefiting business operations.

Oracle Cloud 23B Release

Oracle Cloud 23B brings significant updates across modules. In the Financials Module, employees can now choose a cash advance payment method during the request process, which is configurable at the business unit level. The Payments functionality introduces Automatic Resumption of Payment Process Request, streamlining transaction processing after approval. Budgetary Control enhancements enable budget control and encumbrance accounting for internal material transfers in projects.

In the SCM/Procurement Module, purchasing gains flexibility by allowing order dates for pricing on purchase orders. The Supplier Model introduces new business classifications for inclusive ESG reporting. In the 23B release, Sourcing enables tailored online message notifications using Oracle Analytics Publisher templates.

In the HCM Module, Talent Management users must upgrade to Responsive pages, while Absence Management improves compensatory time processing, adding earned time to the absence plan after time card approval.

Oracle Cloud 23A Release

Oracle Cloud 23A brings notable updates across modules. In the Financials Module, the Invoice Lines Recognition Rate Report enhances Intelligent Document Recognition precision monitoring. Payments allow dividing foreign currency invoice payments with VAT taxes into two separate transactions. The General Ledger introduces controls to prevent future-dated journals from posting to open periods in average daily balance ledgers.

In the SCM/Procurement Module, Purchasing sees improved Award Distribution for capturing project costs, while Supplier Model updates permit the creation of supplier sites with longer names. Sourcing introduces the ability to extend closed negotiations, providing suppliers with more response time.

In the HCM Module, Talent Management offers recurring check-ins, and Absence Management enhances security by restricting access to Time and Absences pages based on managerial permissions.

How Can Opkey Help Your Business?

A business requires at least two rounds of regression testing to implement Oracle quarterly updates, one in the testing environment and the other in the production environment. If your business opts to perform testing manually, it can be time-consuming and resource-intensive. Opkey solves this problem with its no-code testing functionality. Opkey helps businesses run a test in the customer’s environments before Oracle quarterly updates are released. It comes with thousands of pre-built test cases that empower businesses to increase the test courage and speed up the testing. Moreover, Opkey offers an impact analysis report for each update and automatically heals the broken self-healing capabilities, reducing test maintenance by 80%.