The 24B Release from Oracle brings in many new features and improvements, focused on making processes more efficient, better handling of data, and giving a deeper understanding among different modules. Let’s examine closer some thrilling benefits of Oracle 24B Release for different modules:

Human Capital Management (HCM)

Enhanced data management

Oracle 24B improves how data is managed in the HCM module. It enhances the handling and storage of data, making sure that important HR information can be found and arranged better.

Smoother data loader integrations

Now, the connections with data loaders have been made smoother. This reduces the time and work needed for importing and controlling data. It signifies that HR teams can concentrate more on strategic actions instead of getting stuck in data input duties.

Improved reporting

More detailed reporting characteristics give a better understanding and visualization of HR information. Improved reporting functions assist human resources experts in creating detailed reports easily, helping with more knowledgeable choices and strategy development.

Financials (FIN)

Streamlined invoice processing

In Oracle 24B, the Financials module brings a feature for the smooth processing of invoices. It lessens the need for manual entry and mistakes, making invoice approvals and payments faster which in turn helps manage cash flow better.

User-friendly billing rate overrides

Billing processes are made more flexible by easy-to-use billing rate overrides. This feature lets finance teams change the prices charged for their work quickly and without difficulty, making sure that invoicing is correct and allowing for special client agreements to be included straightforwardly.

Enhanced work-in-progress reporting

The new one provides improved work-in-progress (WIP) reporting that offers a better comprehension of project statuses, with more precise and detailed information. The enhanced WIP reporting aids project managers and financial analysts to track projects’ advancement and its monetary aspect.

Supply Chain Management (SCM)

Deeper insights with UDI inventory tracking

Oracle 24B brings UDI (Unique Device Identification) inventory tracking, making it possible to have a more detailed understanding of inventory levels and movements. This feature is very useful for industries that need strict tracking, like healthcare and pharmaceuticals.

Improved real-time monitoring

Real-time monitoring abilities are boosted, letting supply chain leaders keep track of orders, shipments and inventory in live mode. This helps them to swiftly find and solve problems for smooth functioning as well as timely deliveries.

Streamlined order management

The time from when an order is placed to when it gets completed has been shortened because of better processes for managing orders. This improvement in order management helps to make sure customers are happier with their orders, improving accuracy and the speed of delivery.

Accurate cost analysis with real-time cost rollups

The fresh feature of real-time cost rollup brings more precise cost analysis, helping businesses comprehend their cost structures better. This improvement can be really useful for setting prices, making budgets and managing money matters in general.

Oracle’s 24B Release is full of advancements in its modules, making it a strong aid for businesses that want to increase effectiveness, gain more understanding and stay competitive in their fields. The new features and improvements show Oracle’s dedication to ongoing innovation and superiority in enterprise software solutions.

Conclusion

For businesses getting ready to utilize the Oracle 24B Release’s significant improvements throughout their operations, making sure there is a smooth shift holds the utmost importance. Opkey, a certified Oracle partner, presents itself as an important Oracle testing platform designed specifically for Oracle Cloud settings. Opkey makes testing easier and faster, assuring thorough examination of crucial business processes.

Opkey’s support is not limited to ordinary assistance, but they also give custom advice in the form of advisory documents before updates. These contain predicted changes and ways to lessen impacts. The AI-assisted Impact Analysis reports from Opkey make it easy for businesses to compare current processes with those coming up, helping them understand what adjustments are needed.

Opkey is a crucial aid in the adoption of the 24B Release. Businesses can enhance their Oracle Cloud experience with Opkey’s intuitive solutions, allowing them to continue operating smoothly and take full advantage of Oracle’s newest innovations without interruptions or difficulties.