Briefing Document: Oracle Fusion Cloud EPM - December 2024 Update
This document provides a summary of the key updates and new features introduced in the Oracle Fusion Cloud Enterprise Performance Management (EPM) December 2024 release. The focus is on enhancing user experience, improving data integration capabilities, expanding reporting functionality, and streamlining administrative tasks across various EPM modules.
The December 2024 update emphasizes the following key themes:
- Enhanced User Experience: Many updates focus on making the EPM system easier and more intuitive to use. This includes improvements in navigation, data interaction, and reporting.
- Improved Data Integration: New features and enhancements are introduced to facilitate more seamless and robust data integration across different EPM modules and external systems.
- Expanded Reporting Capabilities: The update includes new reporting options and improvements to existing features, allowing users to gain deeper insights from their data.
- Streamlined Administration: Several updates are designed to simplify and automate administrative tasks, such as application registration, data management, and user management.
- Cloud Platform Focus: There's continued movement towards leveraging the power of the Oracle Cloud Infrastructure (OCI) with improvements in performance and security.
3. Key Feature Highlights
Here's a breakdown of the most important updates across different EPM modules, with quotes from the source where relevant:
3.1. Platform & Infrastructure
- Oracle-Managed OCI Migration for Classic US Government Environments: This signifies ongoing efforts to migrate clients to the more modern OCI infrastructure, highlighting increased performance and security for government clients.
- Support for Multiple Custom Sender Email Addresses: This offers improved flexibility for sending notifications and communications from the system.
- User-level Profiles Supported in Data Integration: This provides more granular control over data integration processes, allowing users to tailor their workflows.
- Invalid Members and Comments Retained in Ad Hoc Grids After Refresh: This is a significant enhancement for users of ad hoc grids, preserving valuable context when refreshing data.
- Use Flex Forms in Smart View (Mac and Browser): This brings the power of flex forms to a broader user base, allowing for more flexible data entry and analysis in different platforms.
- Introducing Cloud EPM System Reports: This is a new way to generate system-wide reports which should provide value in managing the overall EPM system.
- Import Reports Containing Relational Tables in Smart View: This feature allows users to bring external data into their reporting process in Smart View
- New Action Menu Option: Enable for Ad Hoc: This likely adds easier control for users to enable and disable specific ad hoc grid functions
- New Statistical Custom Functions in Calculation Manager: This enhances the analytical capabilities of Calculation Manager by adding more built-in statistical operations.
3.7. Task Manager, Supplemental Data Manager, Enterprise Journals
- Cloud EPM System Reports Data Source Providers: This integration provides new ways to report on data from these specific modules.
- Enhanced Email Notifications: Notifications for these modules have been improved which will help with collaboration and workflow.
- New Voice Recognition Service: This provides an alternative method for interacting with the system, improving accessibility and user convenience.
- Quote: "New Voice Recognition Service"
3.9. Account Reconciliation
- Drop-down List to Select Target Values for the Source Type Dimension: This improves the efficiency of mapping source data to reconciliation targets.
- Drill Down and View Details of Reconciliation Compliance Transactions Loaded Using Data Integration: Enhanced reconciliation auditability by making granular information visible from data integrations.
- Confirm or Discard Suggested Matches from the Transactions tab of the Matching Card: Improving match processing with a simple "approve/reject" feature.
3.10. Enterprise Data Management (EDM)
This section contains a large number of updates all related to making EDM more flexible, more usable, and easier to integrate with other systems:
- Application Registration and Copy Available in System Event Audit: Improves auditability and security around key system tasks.
- Auto Accept and Exclude Thresholds for Matching Rules: Automates and simplifies the process of matching rule processing.
- Change Management Dashboard: Provides easier access to view changes that have been made.
- Column in Policy Listing Report Download to Indicate Validity: Improved visibility of the current validity of implemented policies.
- Derived and Stored Properties Recalculated when Nodes are Updated: Improves data consistency and integrity when changes are made.
- Download Viewpoint Column Headers Only to File: Better control of exporting and reporting on viewpoints.
- Dynamic Allowed Values for String Properties Based on Node Set: Dynamic updates of allowed property values to reflect changes in the data set.
- Embedding Enterprise Data Management Pages in Navigation Flows: Making EDM screens more easily accessible.
- Enhancements to Tax Reporting Application Type: Enhancements to EDM for use in Tax Reporting workflows
- Excel Output Format for Extracts and Extract Packages: Improves user flexibility in data extract formats
- Expand All Below Selected Node in Hierarchy Viewpoint: Improved hierarchy navigation in EDM
- Extract Package Option to Output Individual Files to Global Connection: More granular control of data extraction.
- Improved Results and Summary when Matching Request Items: More effective matching request processing.
- Inclusive Ancestors Option for Generational Extracts: Better control of generational data when performing extractions.
- Integration with Oracle Guided Learning: Easier learning and onboarding for EDM.
- Merged Items Filter in Request Details Pane: Improved control over merging of items.
- loadDimensionViewpoint EPM Automate command: Easier integration with the automation suite.
- Node Clipboard Improvements: Enhancements to the EDM clipboard.
- Notification Policies Include Support for Consolidated Requests: Notification improvements for consolidated requests.
- Pending Subscriptions List in Request Lineage: Easier to track pending subscriptions.
- Property Transformations in Survivorship Rules: Greater power in controlling data matching and survivorship rules.
- Reorder Predefined Members in Cloud EPM Applications: Improved data layout options.
- Request History Identifies when Request Items are Merged: More data in request histories for improved auditability.
- REST API Endpoints for Policies, System Settings, and Validate Viewpoint: Better integration with REST API.
- Selected Property Values to Keep During Item Match and Merge: Improved control of the item matching process.
- Sort Listing Pages By Selected Column: Increased flexibility in the display of listing pages.
- Specified Columns for Defined Viewpoint Loads: More control over data loads into viewpoints.
- User Favorites for Quick Access to Perform Recurring Tasks: Quick access to frequently used tasks for improved user productivity.
- Username Column in Transaction History Download to File: Improved tracking of changes with username tracking in transaction histories.
3.11. Financial Consolidation and Close
- Configurable Consolidation Rule Validation Warnings: This gives users more control over consolidation processes and warnings.
- Consolidation Journal Email Notification Settings: Provides more options for sending email notifications related to the consolidation journal process.
- Planning Workforce Module Automatically Determines the FixParallel Dimension: Streamlining calculations in the Planning workforce module
- Adding New Dimensions in EPM Digital Assistant: Improved control through the Digital Assistant.
- Viewing Ownership Management Locked/Unlocked Status: Provides better visibility to help with tax reporting workflows.
4. Actions and Considerations
The "IMPORTANT Actions and Considerations" section, while not explicitly detailed in the provided text, suggests that users should carefully review the full release notes to understand the impact of these changes and plan any necessary adjustments. This section is likely a reminder to take actions such as:
- Updating user guides and training materials
- Testing changes before deployment to production
- Ensuring compatibility with existing integrations
The Oracle Fusion Cloud EPM December 2024 update includes a wide range of enhancements and new features designed to improve the overall user experience, streamline data integration, and provide more robust reporting capabilities. The focus on platform stability and administrative efficiency demonstrates Oracle's continued commitment to providing a powerful and reliable EPM solution. Users are advised to review the full release notes for complete information and to plan accordingly for implementation of these changes.
