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ARCS Product Update (October 2017): Transaction Matching Updates, Fixed Defects, and Considerations

The October updates for Oracle's Account Reconciliation Cloud Service (ARCS) are here. In this blog post, we’ll outline new features, updates, and considerations.

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, October 20 during your normal daily maintenance window.

eBook: The Complete Guide to Account Reconciliations

Notes

Account Reconciliation Cloud no longer supports migration of snapshots from the latest service version to an earlier service version (for example, when moving snapshots between test and production pods during the window when test is upgraded before production.)

Migration between the same versions will still be supported. Some objects, such as Profiles, may still be moved from the latest to an earlier version outside of migration snapshots by exporting them from the latest service version and importing them into the earlier version.

Transaction Matching Now Allows Multiple Match Processes and Data Sources

Transaction Matching has no limit on the number of match processes that you can create and no limit
on the number of data sources that can be created and used during a match process. This gives you
greater flexibility and is useful for situations where greater than two data sources are needed
in order to perform an Account Analysis or Balance Comparison reconciliation. Up until now, only up to
two data sources and one match process was allowed. For example, you may want to perform a match
between General Ledger (GL) –Point of Sale (POS) and POS – BANK (Bank Statement).

The new features allow: 

  • More than two data sources
  • More than one match process
  • Any combination of the above
Due to the changes in this new feature, customers should note the following:

  • Customers using custom reports on Reconciliation Type Configuration or Transactions should change their report query.
  • The definition of the Accounting Date and Balancing Attribute is now performed during data source definition instead of during the match process. No action needs to be taken by customers since this is automatically updated during upgrade to 17.10.

New EPM Automate Utility Version

A new version of the EPM Automate Utility is available with this update. This version includes updates to
the login command, which now accepts internet proxy server domain, user name, and password as
optional parameters. This enhancement enables you to use the EPM Automate utility in corporate
network environments with internet proxy server configuration that require users to authenticate with
the proxy server before establishing communication with resources outside the corporate network.

Fixed Defects

Defect Number  Description
26713372 Data load error during processing corrected by improved performance.
26681507 Upload an attachment to multiple reconciliations failed due to apostrophe in user id.
26672995 The custom report, named Transactions Matched, was not displaying transactions with
negative amount.
26636715 Preparers can now correctly only import pre-mapped balances to an account where the
Enter Balances Manually option has been checked.
26718035 Dashboards in the Oracle Cloud My Services portal now correctly display the size of the
service instance data on the disc.
26784648 Access logs now correctly identify the screens that users accessed, user action in the
screen, and object value.

 

Considerations

  • When using EPM Automate, log out and log in again after importing a Financial Close
    Management (FCM) snapshot to refresh the icons on the Home page.
  • You may receive inaccurate messages from Navigator if pop-up blockers are
    enabled. Disable pop-up blockers in your browser to avoid this.
  • In the Academy, some pages and icons may appear different in the video and the Cloud
    service.


eBook: The Complete Guide to Account Reconciliations

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