Recently I attended Oracle Release 12 Financials Training for Oracle Partners at Oracle-Singapore. Though I am not from the finance background still attended to have a sneak previews of the latest big and much talked release from Oracle. May be a person with finance background and had worked on the previous releases of Oracle Finance Applications can appreciate or criticise the new features and changes. I found out that Release 12 has the following changes,
- No Set of Books. Its replaces with ledger sets
- MOAC - Multi Org Access Control
- With a single responsibility we can post data (eg: Invoices) into multiple organizations
Eg: When the user has to enter data into multiple organizations he/she can enter using a single screen. Unlike previous versions where the user has to switch between the responsibilities. This feature is good for shared services.
Trivia : The short letter for Release 12 seems to be "g", where "g" stands for "GLOBAL". The main focus of this release is for Global Organizations.
Oracle Applications DBA's trusted and troublesome Jintiator is no longer there. Instead it uses the native JVM. The screens look different. But what bothers is that for some functionality of finance it opens the browser and for some it uses Oracle Forms that are opened in JVM. So at the end of the day the user has to juggle between multiple windows.
Report Management : This is a new feature in release 12 where in it allows to do the following:
- Users can manage the reports management life cycle
- Usually a report output file is stored on the Unix (or O/S) file system and system administrator manages the life cycle of the report output like, purging, backup and restoring. Now the concern is about security and manageability of this. So Release 12 has come up with Report Manager responsibility through which users can define how to store the report outputs and who can view the reports.
Will post more on Techstack enhancements in next posts.