A7.3 SP 16 features functionality designed to help customers improve compliance, set up self-service applications and lower their operating costs.
A7.3 SP 16 includes enhancements to Cash Flow Reporting. Oracle has also improved the audit trails within General Ledger.
Oracle, of Redwood Shores, Calif., has also updated batch headers and added an approval process in Accounts Payable so as to monitor the outflow of cash.
The additions will help users to better comply with regulatory mandates such as Sarbanes-Oxley, according to Oracle, as well as to gain insight into financial reporting practices and internal controls.
Self-service applications in the World base product will enable users to provide their customers with round-the-clock access to purchasing and order status information over the Internet.
The interface features customer recognition and will thus deliver a personalized interaction.
Employee self-service features have also been added that will provide direct access to financial and human resources information, including payroll, benefits and vacation time status.
In addition, A7.3 SP 16 delivers updates tailored to locally relevant statutory requirements in Argentina, Australia, Brazil, Canada, France, Italy, Ireland, Mexico and Spain.
The Service Pack also includes updates that support the IBAN (International Bank Account) used in Europe and cash flow analysis to help customers meet IAS requirements.
Oracle relied on the World Product User Group and the World Product Advisory Council for feedback on the updates.