Predictive Planning is now available in ECM, while Oracle is also making available Financial Statement Planning, which includes Strategic Modeling, available to all Planning customers free for the next 12 months. In addition, Intelligent Code Defaulting is provided by utilizing machine learning to recommend account codes with an algorithm based to past actions. Among other features Intelligent Document Recognition can take in information from PDF and other formats to avoid manual invoice entry. The system learns over time and adapts to changes within invoice formats. There is a new conversational user interface that provides Digital Assistant Skills for Time Entry and Projects. Finally, Embedded Incident Management embed incident reporting workflows for use in investigations. The new industry packages include Joint Venture Accounting for industries such as gas and oil with the ability to automate transaction processing and use role-based tools to manage exceptions. Finally, Project-Driven Supply Chain supports manufacturing and asset intensive organizations where the supply chain must work in the context of a specific project. The capability is available across ERPP and Fusion Cloud Supply Chain Management.Last modified on Wednesday, 15 July 2020
ORACLE UPDATES ERP PACKAGES Featured
Oracle has added new AI and machine learning, analytics and security capabilities to Oracle Fusion Cloud Enterprise Resource Planning and Oracle Fusion Cloud Enterprise Performance Management. The software company also introduced packages for oil and gas, manufacturing and asset intensive industries.