Over the years, Oracle has been releasing new updates for the Oracle Cloud, and the latest one is the Oracle Cloud update – 24B that comes with new features across many modules such as the Human Capital Management (HCM), Financials, Supply Chain Management (SCM), among others. It is therefore important for Oracle Cloud users to appreciate the changes with the aim of enhancing the value that can be gained from the product. To ensure that you understand everything about the Oracle 24B Release, here are five things to know.

1. Enhanced HCM Capabilities

The new version of Oracle HCM, 24B concentrates on the enhanced data management of HR tasks and flows. It has a more understandable menu, easier integration with data loaders, and improved functions for reporting. Usability gains are witnessed in other major areas such as Absence Management, Learning and Talent Management.

1. More Efficient Financials Processes

The Oracle Financials module for 24B is endowed with improved invoice processing, new top flexible billing rate override and bolstered project costing. It helps the enterprises to deal with the invoices in a better way, control over the billing rates and track the project expenses to make the invoice more accurate. Other benefits include the likes of unclaimed check handling, expense reporting also receive a boost.

1. Deeper Supply Chain Insights

The advantage of the Oracle 24B Release is the increased level of supply chain transparency and better understanding. It should also be understood that the use of UDI inventory tracking, real-time monitoring, and order promising in SCM are now possible among companies. It also facilitates precise accruals of costs in real-time: The identification of cost of sales or cost of costs, and it is a means of cost rollups, the cost of sales or costs of costs can be easily ascertained. In a broader perspective, it is directed towards creating clones and mimicking the procurement and manufacturing process.

1. Emphasis on Testing

But on the positive side, through Oracle 24B new interesting features and updates do appear, and at the same time, sufficient preparation before releasing new changes is also vital. When regression testing is done across different modules, it helps the enterprises prepare for a safe migration. They can also try to build the idea of no-code test automation so that they can be in a position to simplify and speed up the process of testing.

1. Business Benefits

A number of significant business advantages of Oracle 24B Release include the strengthening of user’s fundamental competencies across essential modules in areas such as HCM, Financials and SCM. In return, companies are likely to benefit from the improved efficiency in its processes, quality information to be used in decision making as well as enhanced user effectiveness. This also helps with the adoption of new functionalities, as the location of tests can easily be modified or expanded.

Conclusion

The Supply Chain Management, Finance, and Human Capital Management modules have all seen considerable upgrades with the Oracle 24B Release. Oracle Cloud 24B upgrades can be optimized by Opkey’s AI-driven Oracle testing platform, which also protects current business procedures and guarantees a smooth integration. Opkey is a certified partner of Oracle. The system offers thorough impact analysis reports and guidance documents that describe planned modifications and possible outcomes. Opkey’s robust solution minimizes interruption risks and facilitates a seamless transition to new functionality by providing wide coverage of vital activities.