Exploring Oracle 23C: Unveiling Cutting-Edge Features Across Modules

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As Oracle celebrates its continuous commitment to innovation, the Oracle 23C Release brings a myriad of transformative features across its Financials, Human Capital Management (HCM), and Supply Chain Management (SCM) modules. Let’s delve into the exciting advancements that will reshape the way businesses operate.

Financial Module Reinvented

1. Dynamic Workflow Management

Oracle 23C introduces a revamped Common Financials module, empowering users to streamline workflow tasks and resolve exceptions effortlessly. The new release allows for the creation and management of workflow rules through Simplified Workflow Rules Configuration. Now, users can add multiple approval actions to a single rule condition, enhancing flexibility in financial processes.

2. Intercompany Harmony

In the Intercompany arena, Oracle 23C addresses a longstanding challenge. Users can now correct Intercompany Transactions without the need for a cumbersome re import process. This streamlines error correction, making financial data management more efficient and responsive to evolving business needs.

Human Capital Management (HCM) Module Innovations

1. Global HR Autocomplete

The Global HR module receives a significant boost with the addition of Autocomplete Rules for Hirji’s Date of Birth in the Person Business object. This feature caters specifically to Saudi Legal Employers, ensuring a smoother and error-free HR data entry process.

2. Document Classification with Tags

Document management gets a facelift with the introduction of the “Tags” attribute in Document Type. This enhancement allows users to group and classify document types seamlessly during creation or editing, promoting better organization and accessibility of crucial HR documents.

3. Revolutionizing Talent Management

Oracle 23C introduces a groundbreaking addition to Talent Management – Oracle Grow. This module, integrated into the Oracle ME employee experience platform, consolidates various elements crucial for employee development. From learning initiatives to skill development and gig opportunities, Oracle Grow is designed to propel employees toward excellence in their current roles and foster career growth.

Supply Chain Management (SCM) Module Advancements

1. Precision in Manufacturing

The Manufacturing module gains precision with the ability to remove a component from an in-house or outsourced subassembly that wasn’t initially issued to the work order. The introduction of ad hoc negative material issue transactions and the capability to use external authentication systems for e-signatures further enhance the manufacturing workflow.

2. Procurement Efficiency

The Procurement module receives a boost in efficiency with the addition of a drop-down list in the Work List: Notifications and Approvals Work Area. This feature allows users to filter tasks based on their creation time, providing a more granular approach to task management. Additionally, users can now create requisitions with negotiated prices in foreign currencies and release purchase orders in the local currency of the business unit, promoting a more flexible and globally oriented-procurement process.

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