Oracle is famous among businesses that look to stay at the forefront of technological advancements. It is committed to continuous innovation. Hence, quarterly updates are released to provide the modified and upgraded functionality to the users. Oracle Cloud's latest release, 24A, introduces new features and updates tailored to enhance the Financial Module.
Oracle Financials 24A Release comprises a range of features and updates. However, directly incorporating these updates is not wise, as it can hamper business continuity. Thus, strategic testing is one of the significant ways to reap the maximum benefit of recent updates and ensure business continuity.
Decoding Financial 24A Release
Oracle 24A updates on the financial module come up with many features. Users can expect critical technical and functional changes. Let's highlight some of the technical and functional changes:-
Technical Changes
- Users can now download and install the most recent version of the Oracle ADF Desktop Integration add-in, version 5.1.5.26625.
- In the 24A update for Oracle Fusion, deprecated Business Intelligence View Objects (BIVOs) are no longer accessible for extraction using BI Cloud Connector.
- The Receivables XML invoice extract has been enriched with additional data elements mandated by various countries, streamlining the implementation process by reducing the need for custom changes.
- With the Oracle 24A financial update, there is now the capability to utilize the Zengin Format for Japan REST API for bulk uploading alternate payer name mapping rules for Japanese customer bank accounts.
Functional Changes
- Users can now execute the Auto-Post Journals process, facilitating the posting of journal entries for all ledgers across the designated data access sets at the time of submission.
- In the realm of taxes, Oracle has integrated automated tax partner functionality with Avalara, streamlining the process of ensuring compliance with tax regulations.
- For Payables, the introduction of the Payables Exception Report enables users to view invoice exceptions categorically. This feature groups exceptions by categories, directing specific exceptions to resources for thorough review and resolution.
- Expenses undergo a refined evaluation process for resubmitted expenses using audit rules to identify duplicate expenses.
Direct Incorporation of Releases: Not a Wise Decision!
Directly implementing
Oracle Financials 24A Release is not a wise choice as it can jeopardize business continuity. Navigating Oracle updates is a daunting task. Even little disruptions can affect existing business processes and potentially cause downtime. For instance, applying updates often requires system downtime for installation. This downtime can impact operations, especially in critical business periods. Furthermore, some of the potential disruption may also occur:-
- System Downtime
- Compatibility Issues
- Custom Code and Extensions
- Testing Complexities
Strategic Testing: A Significant Way to Reap Maximum Benefits of 24A Release
Strategic testing is one of the best ways to ensure that
Oracle Financials 24A Release is aligned with an organization's overall business strategy. It involves testing processes, methodologies, and tools that can contribute to the achievement of broader business objectives.
Key Components of Strategic Testing
Alignment with Business Goals: Strategic testing closely aligns with the organization's objectives. It aims to ensure that testing efforts directly contribute to the success of the business and its strategic initiatives.
Risk-Based Testing: It involves identifying and prioritizing risks to the business and focusing testing efforts on areas with the highest impact on strategic objectives. This helps in optimizing resources and prioritizing testing efforts where they matter most.
Continuous Improvement: Strategic testing is not a one-time activity but a continuous process. It involves regularly assessing and improving testing practices to adapt to evolving business needs and technological changes.
Metrics and Measurement: Establishing meaningful metrics to measure the effectiveness of testing efforts and their impact on business objectives is a crucial aspect of strategic testing. This allows for continuous evaluation and improvement.
Collaboration and Communication: Strategic testing emphasizes collaboration between development, testing, and business teams. Effective communication ensures testing efforts are well-understood and aligned with the broader organizational strategy.
Choosing Comprehensive Testing Tool: A Critical Step for Strategic Testing
Strategic testing involves selecting tools and technologies that best fit the organization's needs and goals. This may include automation tools, performance testing tools, and other testing technologies. Additionally, in this tech-driven world, many platforms are complete packages to conduct all types of testing. For instance, Opkey is a renowned testing platform and is a perfect fit for strategic testing goals to ensure the business continuity of your routine associated with the
Oracle Financials 24A Release.
Opkey: A Leading Tool to Navigate Oracle Cloud Releases
Strategic testing is a holistic and forward-thinking approach that considers testing integral to achieving business continuity. To correctly implement strategic testing, Opkey is a leading tool that ensures the smooth navigation of
Oracle Financials 24A Release. It is a codeless test automation tool that streamlines strategic testing by leveraging the power of AI. The authenticity of Opkey can be traced from the fact that hundreds of leading enterprises trust it. Moreover, let's highlight some of the key facts about how Opkey can pave the way to maximize benefits from Oracle Cloud updates:-
- Comprehensive Test Automation: Opkey has supported more than 15 packaged apps and 150 technologies. Thus enabling you to automate single-app and cross-app tests without coding.
- Intuitive UI: Its drag-and-drop interface is easy to use and aids in seamless test case management.
- Flexible Reporting: It can provide built-in impact reports for defects, test status, and coverage.
- Codeless Integration: Opkey integrates with renowned tools like GitHub, Azure, DevOps, ServiceNow, and Jitra. Thus, overpass silos by integration with third-party DevOps tools.
Overall, Opkey is one of the best platforms that can offer comprehensive strategic testing for Oracle Cloud updates and foster business continuity. For further information, visit the website and schedule a free demo.
