JD Edwards EnterpriseOne releases new real-time interactive Financial Reconciliation applications. Month-end financial processing has until now involved running batch jobs to reconcile account information from numerous related tables in the General Accounting, Accounts Payable, and Accounts Receivable systems. These batch jobs typically run for hours and require significant additional time to manually review the PDF output. The new interactive Financial Reconciliation applications perform the same function in real time and allow users to work with exceptions interactively. Real-time financial reconciliation provides users with immediate feedback and enables them to address exceptions immediately instead of having to wait for reconciliation processing at the end of a month or a quarter. This feature significantly reduces the amount of time needed for period-end closing. This release delivers the following highlights:
·7 new Real Time Financial Reconciliation applications
oAccounts to Business Units, Transactions to Account Master, Account Balance without Account Master, Transactions to Batch Header, Companies by Batch out of Balance, Batches out of Balance, and Companies out of Balance
·Performance testing with 10 million accounts and 120 million transactions using the Oracle Database In-Memory option improved the overall processing performance 120 time faster in real-time compared to the prior batch processing.
·The new applications are available at no additional cost to customers licensed to JD Edwards EnterpriseOne Financials.
·The new applications run on all platforms and databases supported by JD Edwards EnterpriseOne. However, the extreme performance improvements noted above were observed in testing with the Oracle Database In-Memory option.
·The new applications are available on a minimum Application Release of 9.1 and require a minimum Tools Release of 9.1 Update 5.
·Embedded Watchlist notifications within the new real-time Financial Reconciliation applications require a user license to One View Reporting Foundation.
Supporting Resources
- Oracle’s JD Edwards EnterpriseOne
- Documentation Overview
- Known Issues and Workarounds for Tools 9.1 Update 5
- LearnJDE.com
- Minimum Technical Requirements for JD Edwards EnterpriseOne are available from the“Certifications” tab on My Oracle Support