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Mar
15 Automated Process Controls To Implement In Oracle
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Based on our experience of both best practice and what we usually see in Oracle E-Business Suite systems, there are 15 automated process controls that we’d recommend you look at.
Record-to-Report/GL
- Whether unbalanced journals are allowed
- Whether users can enter manual journals that automatically post like system journals
- Whether new account code combinations can be created by any user
- Whether rules are applied to prevent undesired account code combinations
- Whether journal approvals are used, and the approval limits assigned
Purchase-to-Pay
- Purchasing tolerances – price, quantity, timing
- Purchasing approval limits
- Whether document preparers can also approve a purchase
- Whether invoices can be adjusted after they’re paid
- Whether default invoice payment dates can be overridden
Order-to-Cash
- Whether invoices can be adjusted after they’re printed
- Whether invoices can be deleted
- Receivables adjustment limits
- Whether AR transactions post to the GL
- Whether customer bank details are hidden when creating AR invoices
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