Oracle Fusion SCM Year-end Process

September 20, 2023

Oracle Fusion Supply Chain Management (SCM) has various year-end processes designed to close the financial year smoothly and accurately. The specific steps can vary depending on your organization’s configurations and requirements, but generally, you may need to complete the following activities:

General Year-End Procedures for Oracle Fusion SCM:

Inventory Reconciliation: Ensure that your physical inventory matches what is recorded in the system.
Audit Transactions: Review all transactions for the year to ensure they are appropriately categorized and recorded.
Close Periods: Close the accounting periods for various modules like procurement, order management, and inventory.
Generate Reports: Run year-end reports for audit trails, analytics, and business summaries. This may include inventory valuation, turnover reports, and vendor performance reports.
Open New Accounting Period: After completing all year-end activities, open the new accounting period for the coming fiscal year.
Archiving and Data Backup: Archive old data and perform full system backups.
Roll Forward Budgets and Forecasts: If you use Oracle Fusion for budgeting and forecasting, perform year-end roll-forwards.
Set New Parameters: Adjust or update any planning or forecasting algorithms or parameters for the new year.
Tax Updates: Ensure that any changes in tax law are configured correctly in the system for the new year.
User Training: Ensure all users are trained and aware of any new features or processes used in the new fiscal year.

Steps for Email Communication:

Since you’re concerned about emails going to spam, consider the following best practices:

Clear Subject Line: Use a clear and concise subject line that gives recipients an idea of the email content, like “Oracle Fusion SCM Year-End Process Complete.”
Authorized Email Service: Use an authorized email service that your organization allows.
Unsubscribe Option: Always provide an option for recipients to unsubscribe from future communications.
Avoid Spam Triggers: Refrain from using all caps or excessive exclamation marks in the subject line or body of the email.
Sender Information: Include your physical business address in the email footer, per legal requirements.
Test Before Sending: Send a test email to a small group first to ensure it doesn’t end up in the spam folder.
Monitoring and Feedback: Monitor email delivery rates and open rates to ensure the message is getting through.

Oracle Fusion SCM Demo Session: