Accounting Automation streamlines accounting processes across ledgers and ledger sets. Automation can run daily at a set time and rerun at regular intervals if needed.

 

Once set, the automation flows through the processing steps without user intervention.

Nominated users are notified with a summary of the results and any issues requiring attention.

 

Regardless of whether you’re already using Accounting Automation, there are some important enhancements you should be aware of.

 

What’s changed?

Accounting Automation now processes multiple ledgers and subledger applications in parallel. The system intelligently manages the queue of scheduled jobs and releases the create accounting workloads based on the available job queue processing capacity.

 

Imagine you need to process accounting for 25 ledgers and 4 subledger applications. If each process took 5 minutes, prior to 24D, Accounting Automation would have run them serially. Completing all processing would take 8 hours.

 

Since 24D, if 10 processes are running in parallel, all will complete in less than an hour!

 

In addition, with this 24A feature enabled, Accounting Automation is now also transferring subledger journals directly, streamlining the accounting flow further.

 

Starting 25C, Accounting Automation can run a single Create Accounting process per subledger application for optimized multi-ledger processing. Also, for improved visibility, Accounting Automation notifications now include subledger accounting entries pending approval.

 

Try it out!

If you’re already using Accounting Automation, you don’t need to do anything to enable the 24D enhancement. Just test and note the difference!

 

Check out the 25C readiness material for steps to enable the optimized multi-ledger processing feature.

 

If you are yet to implement Accounting Automation, you can find out how to enable and use the feature from the Accounting Automation topic in the Implementing Enterprise Structures and General Ledger guide on Oracle Help Center.

 

For further insights and a demo, check out the ERP – Unlocking Efficiency: Your Guide to Accounting Automation session on Cloud Customer Connect.

  • Learn how Accounting Automation streamlines and automates your end-to-end accounting and transaction processes.
  • Discover how it can transform your business operations, significantly reducing manual work and eliminating time lags.
  • Learn how easy it is to enable the feature so that accounting starts flowing with no user intervention, while making it easy to involve the right people at the right time to resolve exceptions.
  • Ensure that you always have the most accurate and up-to-date financial information.