Your finance team creates and maintains the financial structure of your business, but change requests can come from users that are not familiar with the needs of the finance department. Automating this process and bringing it closer to the financial system results in the efficient use of resources, reduces errors and improves control by connecting their request to the actual change.

The Fluid Financial Structure Request feature focuses on optimizing, automating, and controling the lifecycle management of your chart of accounts entry maintenance from self-service requests to request execution. There are two components in this feature—a front-end user interface through self-service and a configurable component that defines and controls the front-end user interface.

In this demonstration, we access Fluid Financial Structure Requests using a desktop system. Business users in your organization can request changes through the Financial Structure Request tile. This opens the Financial Structure Request page, where users can add, update or copy requests. Business users with limited knowledge of your chart of accounts only need to populate the general information and attach any supporting documents that you need. Users are also able to view and reply to posted messages through the Discussions tile. From the Request Assignment page, reviewers can use the View Approval link to see the approval chain page. Your reviewers can approve financial structure requests from their desktop or mobile device.

During a review, your users can run an impact analysis to evaluate the setup data the request can affect. The impact analysis examines setup areas that define chart field values like allocation rules, year-end rules, combination editing definition and accounting definitions like accounting tag, speed chart and speed type.

To learn more about this feature, check out the Fluid Financial Structure Request video from Oracle PeopleSoft.