The February updates for Oracle's Account Reconciliation Cloud Service (ARCS) are here. In this blog post, we’ll outline new features in ARCS, including the ability to view the size and last modified date of snapshots, larger attribute field size, and more.
We’ll let you know any time there are updates to ARCS or any other Oracle EPM cloud products. Check the US-Analytics Oracle EPM & BI Blog every month.
The monthly update for Oracle ARCS will occur on Friday, February 15 during your normal daily maintenance window.
ARCS New Features
View Size and Last Modified Date of Snapshot
The Snapshots tab in Migration has been modified to include the size and last modified date and time of available snapshots.
The last modified time is displayed based on the time zone specified in User Preferences. If it is not set, the last modified time is displayed based on the browser time zone.
To access the Snapshots tab, open Migration and then click Snapshots.
Loading an MT940 Swift Bank File into ARCS Using Data Management
Account Reconciliation Cloud customers who need to load SWIFT MT940 bank file transactions to Account Reconciliation Cloud Transaction Matching can now use Data Management as the integration mechanism. Previously, Data Management has been able to convert the Banking Administration Institute (BAI) bank files into Account Reconciliation Cloud Transaction Matching, so with this update, Data Management can natively process both the BAI and SWIFT MT940 bank files.
New Columns for Auto Submit and Auto Approved
New columns have been added to the Reconciliation List and Filters so you can monitor which roles have been automatically completed via Format or Profile Rules.
For example, if you have configured a Rule for the Reviewer 1 role to automatically approve when Unexplained Difference is 0.00, the new column called Auto Approved (Level 1) will indicate that a Rule was used to automatically complete that role. On a related note, reconciliations that have been automatically reconciled using an Auto Reconciliation method will still remain as separate columns indicating if the reconciliation was Auto Reconciled and which Auto Reconciliation Method was used.
New Columns for Attachments Total (Count)
A new column called Attachments Total (Count), which indicates the total count of attachments at the reconciliation and transaction level for a given reconciliation, has been added.
Previously, users and Rules had one column called Attachments (Count) which indicated the total count of attachments at the reconciliation level for a given reconciliation. As part of this change, the previous column Attachments (Count) has been renamed Attachments Reconciliation (Count). This is a rename only, as it still calculates the same count it did previously.
All Users Now Have Access to the Compliance Dashboard
All users can now access the full Compliance Dashboard metrics, which include the default status charts as well as the configurable “traffic light” dashboard metrics. As always, security still applies, so users will only see details for the reconciliations that they are assigned to.
Export and Import Match Types Within or Across ARCS Environments
System Administrators can now export the configuration of a Match Type, then import it back into the same environment (with a different Match Type name) or to another Account Reconciliation Cloud environment.
For example, the System Administrator may configure and test a Match Type in their Account Reconciliation Cloud test environment and then once it’s ready, export from test and import into their production environment.
Attribute Field Size Increased
Data Management and Account Reconciliation have increased the size of the data fields that can be moved between them. This also allows larger fields for drill-back detail.
Reassignment Notifications
When reconciliations are reassigned, email notifications are now sent immediately to reassigned users.
Considerations
Academy
In the Academy, some pages and icons may appear different in the video and the Cloud service.
Using Refresh
It is a best practice to use Refresh within the Account Reconciliation Cloud user interface rather than performing a browser refresh.
