Oracle ERP Update 25A: Financials

Medium Impact
oracle-impact-analysis-medium
Feature Enablement
Redwood Features
Generative AI

25A Update Features Covered:

  1. Redwood Experience
  2. Cash Receipt Descriptive Flexfields Upload Using Create Receipts ADFdi
  3. Property Subleases Import
  4. US 1099 Electronic and Forms Reporting Changes for Tax Year 2024

1. Redwood Experience

Quick Notes:

You can now enable and configure B2B documents that are exchanged with trading partners. You will also receive notifications for attachments that weren’t able to be sent with outbound messages. This can be viewed online or in your email. 

Documents 

Unsent Attachment Notification 

2. Cash Receipt Descriptive Flexfields Upload Using Create Receipts ADFdi

Quick Notes:

The ADFdi upload process reduces the manual effort needed to enter and update descriptive flexfield values after receipt creation. It will allow you to upload descriptive flexfield values for cash receipts. These additional fields will help to simplify the receipt creation process when descriptive flexfield values are required. 

Descriptive Flexfields 
Additional Information Popup 

3. Property Subleases Import

Quick Notes:

This update introduces new import processes for sublease management and streamlines the creation, amendment, and termination of subleases. These processes reduce manual intervention by allowing bulk imports into various statuses like Draft, Validated, Complete, and Booked. All roles and privileges will be able to opt into this new feature. 

Sublease Contract Import 
Sublease Amendment Import

4. US 1099 Electronic and Forms Reporting Changes for Tax Year 2024

Generate electronic files for Forms 1099-MISC, 1099-NEC and 1096, according to the specifications for tax year 2024 published by the US Internal Revenue Service. This updates checkboxes and formatting to meet the newest compliance requirements. Some tax region codes have also been updated. 

Manage Tax Regions Page 
Form 1099-G