With each Oracle Account Reconciliation Cloud Service (ARCS) update, the implementation strategy changes due to increased functionality. Oracle has invested the time and effort to make each PSU game changing. In this blog, we’ll look at the latest PSU for ARCS.
Out-of-the-box reporting was enabled for ARCS much like the on-premises version, Oracle Account Reconciliation Manager (ARM). The only difference was the customized reporting capabilities in ARM were not available in ARCS — that is until the latest patch.
With the Custom Reports feature, you can report on reconciliations in a variety of output formats: Excel, PDF, or HTML. This feature supports generations of single reports, or report “groups” that contain collections of reports.
In the earlier release of ARCS, implementations included file based loads for pre-mapped balances and transactions. In the latest ARCS PSU, the following changes have been made:
A new module for loading data is now available in addition to existing file-based loads. Data Management enables you to:
This update allows for on-premises FDMEE to extract, transform, and load to ARCS. The heavy-lifting of FDMEE and ODI is now enabled to further the automation and integration within ARCS.
You can find the updated data management module within ARCS by doing the following:
1. From the ARCS home screen, select “Tools”
2. On the tools page, select “Data Loads”
3. The data load window will appear. Select the New Icon and initiate the data load.
The process to load data is similar to the on-premises version, ARM. Note: Access to FDMEE 11.1.2.4 and patching to .200 is mandatory for an on-premises data load to ARCS.
It’s a difficult task to keep up with the latest PSU and enhancements from the client’s perspective. From the developer’s perspective each PSU creates interesting opportunities to automate, integrate, and secure the reconciliation process. Let us know what PSU you are on and we can outline the enhancements that are available within the most recent PSU. Contact Us and we can work together to exploit these new enhancements to improve your reconciliation process.