Authored by Alana Johnson from TeamCain
With JD Edwards World A9.3, Oracle was able to explore better application and reporting innovations, more streamlined processes, improved control through flexible security features and new localizations for global business processes. The enhancements that will be included with World A9.4 will build on to Oracle’s strong foundation.
Included in JD Edwards World Release A9.4 is a new Expense Management application that will allow companies to manage all employee expenses including expense entry, approval, and reporting. Fully integrated with Financials, Project Management, and Procurement, Expense Management will include travel and expense management and purchase card management functionality.
Employees will be able to:
- Create expense reports
- Manage expenses charged to a company credit card
- Track and manage purchase cards
- Enter transactions paid for with cash, check, or other credit cards
In addition, the data entry process has been simplified with new expense categories for purchase card management. It will automatically update employees’ transactions with the correct accounting information based on the expense category entered. The approval process is supported by the approval rules for your organization so the appropriate authority can complete the necessary actions.
Also included in the World Release A9.4 is Cost and Variance Capture by Work Center. This enables manufacturers to control profitability and facilitate action when required. Cost variances can now be defined, tracked and analyzed by work center, not just by cost components.
Companies who need more granular rather than aggregated values will gain better insight into actual daily demand with Forecast Consumption by Customer. It improves forecasting and requirements planning accuracy. Forecasts will now be defined and consumed by customer based on actual sales and shipments.
Encumbrance and Commitment Accounting usability enhancements improve the tracking and auditing of commitments and encumbrances when purchase orders are cancelled. This highlights potential discrepancies in the commitment/encumbrance ledger.
In the A9.4 release, new tax fields have been added to both Accounts Receivable and Accounts Payable to improve the recording, reporting, and reconciling of tax information between Sales Order Management and Accounts Receivable, Procurement and Accounts Payable. These new fields support the detailed tax information that Sales Order Management and Procurement supply. Also, user-defined data may now be added to the General Ledger Detail file (F0911).