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Oracle E-Business Suite 12.2.4 Helps Organizations Further Optimize Business Processes, Reduce Costs, and Respond to Changing Market Conditions

Release Includes Customer-Driven Enhancements Across Virtually All Functional Areas and New Cloud Integrations

REDWOOD SHORES, CA -- (Marketwired) -- 08/13/14 -- Oracle (NYSE: ORCL)

News Summary
Today's global business environment is complex and constantly changing. To help organizations navigate this continuously shifting landscape and stay competitive, Oracle has released Oracle E-Business Suite 12.2.4. This latest release provides an updated user experience, significant customer-driven enhancements across the applications suite, and more integrations to Oracle Cloud Solutions. With the powerful new capabilities, organizations can manage that complexity while focusing on more strategic business issues and processes.

News Facts

  • To help organizations manage the complexities of global business environments and gain a competitive edge, Oracle today announced the general availability of Oracle E-Business Suite 12.2.4.
  • With modern user experience updates, significant customer-driven enhancements, and more integrations to Oracle Cloud Solutions, Oracle E-Business Suite 12.2.4 enables organizations to further optimize business processes, reduce costs, and respond quickly to changing market conditions.
  • Organizations already on Oracle E-Business Suite 12.2 can use online patching to easily gain the latest functionality.

Enhancements Drive Increased Business Value

  • Oracle E-Business Suite 12.2.4 helps organizations further optimize business processes, reduce costs, and respond quickly to changing market conditions by introducing enhancements in the following enterprise resource planning (ERP) areas:
    • Oracle Financials: Faster approval cycles from parallel approval of invoices. A single mass allocation formula is used to generate allocation journals for all ledgers in a ledger set. Integration with Oracle Revenue Management Cloud allows users to leverage the revenue compliance and recognition benefits of that product.
    • Oracle Projects: Enhancements in Oracle Project Contracts and Oracle Project Billing allow US federal contractors to improve cash flow, increase transparency and audit, and automate billing.
    • Oracle Purchasing: Web ADI-enabled spreadsheet creation and modification of purchase order lines, schedules, and distributions improves buyer productivity when dealing with large orders.
    • Oracle iProcurement: A streamlined single-step checkout flow allows employees to quickly complete shopping activities and start the requisition approval process.
    • Oracle Procurement Contracts: Improved buyer efficiency from auditing of contract documents by reviewing details of policy deviations and net clause additions.
    • Oracle Services Procurement: Enhanced capabilities provide buyers with greater flexibility to support a broad range of complex order scenarios.
    • Oracle Channel Revenue Management: Improved volume offer capabilities and a streamlined user interface enable users to quickly adapt to changing business conditions.
  • To further help organizations transform supply chains from a functional necessity to a competitive advantage, the latest release of Oracle E-Business Suite includes the following supply chain management (SCM) enhancements:
    • Oracle Order Management: A new HTML user interface provides improved usability, greater flexibility, and a more modern user experience.
    • Oracle Yard Management: A new solution enables manufacturing, distribution, and asset-intensive organizations to manage and track the flow of trailers and their contents into, within, and out of the yards of distribution centers, production campuses, transportation terminals, and other facilities.
    • Oracle Manufacturing: Significant usability improvements in the Oracle Manufacturing Execution System (MES) help improve operator productivity by simplifying time entry and quality collection. New capabilities to manage the auto-dekit (disassembly) of serialized products supports customer returns and internal reuse of component parts.
    • Oracle Enterprise Asset Management: Enhancements to support linear assets in industries, such as oil and gas, utilities, and public sector, help improve productivity and retire costly integrations and custom code.
    • Oracle Service: Enhanced spare parts planner's dashboard provides rich user interaction to improve planner productivity.
    • Oracle Value Chain Planning: Numerous enhancements across multiple products include deeper industry functionality, such as minimum remaining shelf-life enhancements for the pharmaceutical and consumer goods industries, multistage production synchronization for process industries, and integration between Oracle Service Parts Planning and Oracle Enterprise Asset Management for asset-intensive industries. New promotions planning analytics in Oracle Advanced Planning Command Center improve business insight.
  • To help organizations further modernize Human Capital Management (HCM) practices, the latest release of Oracle E-Business Suite includes:
    • Oracle Payroll: Payroll dashboard provides at-a-glance readiness checks, validation, and analytical views of the entire payroll cycle to help payroll administrators gain valuable insight into payroll processes, avoid costly errors, and improve productivity.
    • Oracle Self-Service Human Resources: Transaction dashboard helps employees and managers monitor the approval progress of self-service transactions, and review transaction details at any point after final approval.
    • Oracle Learning Management: Enhanced user interface simplifies the learner's ability to search the training catalog, engage in learning activities, and share experiences with fellow learners.
  • To enable improved user productivity across the applications, the latest release of Oracle E-Business Suite incorporates these current UI design trends:
    • Optimizations for touch screen tablets, including larger buttons and support for touch gestures.
    • Support for users to hide/show table columns and save changes as a user personalization.
    • A simplified home page with colorful icons allows users to easily access favorite functions, and a streamlined universal global header provides easy access to common functions from any page.
    • More fine-grained proxy access gives users greater control over delegating their Oracle E-Business Suite authority to other users.

Supporting Quote

  • "Organizations today need to provide the workforce with a more modern user interface, and address business challenges with greater automation and efficiency," said Cliff Godwin, senior vice president, Oracle Applications Development. "With Oracle E-Business Suite 12.2.4, Oracle continues to modernize the user interface and deliver new customer-driven capabilities across the applications, while reducing the costs of owning and running Oracle E-Business Suite."

Supporting Resources

About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE: ORCL), visit oracle.com.

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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