Oracle is expected to offer a major update to its ERP Cloud services known as update 24C in the running year 2024. This major release of Oracle is expected to include new product capabilities and improvements in the Financial, Supply Chain Management and Human Capital Management modules. Oracle ERP solution users, it seems, are all keen to know what this Oracle Financials 24C Release of the business solution will serve.
1. Improved User Experience
Oracle has vowed to make a change for the better and improve on the usability of the software with the 24C Release. This new look is meant to improve productivity as it minimizes the amount of work the user has to do or the number of clicks required to make a change. It can be summarized that users will be able to navigate between sites and the content they offer in a smoother manner and get hold of the information on Web and Mobile – quick and easy. The arguments that can be derived from the more user-friendly design are to enhance productivity.
2. Enhanced Reporting and Analytics
The next Release is expected to place a lot of emphasis on improvements to reporting and related analytics. Users shall be able to generate more innovative and special reports and dashboards as indicated by the above analysis. There are also new tools for predictive modeling in order to provide realistic frameworks for more accurate planning and decision making. Improvements in this area will provide financial teams with the tools they desire and deserve, namely visibility.
3. Increased Flexibility and Control
Oracle customers get more choices in terms of how tightly they want to manage and control their financial operations with 24C. The new Release allows for easier modification of rules, work streams, statuses and approval processes in any of the financial modules, including the General Ledger and Receivables. It offers the ability for teams within a business to manage financial aspects in a way that is efficient for their particular situation and grow or shrink as necessary. The added control facilitates the dance to remain slimmed down and tight.
4. Advanced Integration Features
Module consolidations would be possible to enhance the integration of some of the modules such as Financials, Procurement, Project Management among others. More automation capability should be provided out-of-the-box to reduce time wasting and avoid information replication, especially where information is transferred between systems. Teams will also find the new provided tools that facilitate the integration between Oracle and solutions from third-party vendors.
5. Ongoing Innovation
Still, what you are getting as the 24C Release is a lot of enhancements that are important and beneficial, but Oracle sees it as just an element of continuous improvement. Customers can anticipate further enhancements of existing capabilities towards enhanced performance with existing best emerging technologies with upward mobility through successive Releases. Oracle continues to fulfill its role and responsibility towards the user by continuing to innovate and upgrade its solutions as required by the market.
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Conclusion
Significant improvements in user experience, reporting, flexibility, integration, and innovation are promised by Oracle Financials 24C. Opkey, an official partner of Oracle, uses more than 7,000 pre-built test cases and AI-enabled tools to expedite Oracle Cloud testing. It offers effective test creation and execution along with automatic Impact Analysis reports. This method can reduce testing schedules by 70%, which will lighten your team’s workload. Opkey’s platform performs a thorough functional, security, and performance analysis of Oracle Releases. The No-Code automation system makes it easier to validate new Releases with ease, which could improve the capabilities of your Oracle environment while reducing test cycles and increasing coverage.
