Overview of Functional Setup Manager in Oracle Fusion Applications

What is the Functional Setup Manager?

the Functional Setup Manager provides an integrated end-to-end application for setups and administration processes. Functional Setup Manager is the application in the Oracle Cloud to perform configurations to define setups. 

Everything starts with planning, gathering and discussing business requirements so that you can then model your enterprise. And then, once finalized, you're going to initiate the set up by opting into an offering. Opt-In means you want to enable an offering. You then proceed to define the setups, referred to as an implementation task. As the word task means, it is something that needs to be done, something that needs to be completed. An example of a task would be defining a source document type. You will then test your configurations in a development or a test environment, and migrate those to a production environment on Go Live.

You still have to use Functional Setup Manager after Go Live for ongoing maintenance, to editing existing setups, if they need to be edited, or add additional configurations, such as maintenance of payment terms, setups, periods, etc.

Also, there might be certain features that you did not enable, or certain configurations that you did not complete because they were optional but then later on, you decide that you want to implement certain features so you can do it using the Functional Setup Manager.

Benefits of using the Functional Setup Manager

1. Centralized Setup - A single interface for all Cloud applications. You can use the Functional Setup Manager for all setups for all Offerings.
2. Guided Process - Implementation tasks are Organized by using Task lists, which guide you through recommended setups. Task Lists are further broken down into required versus optional implementation tasks.
3. Configurable - Gives you the freedom to pick an offering and specify what is relevant to your organization. This means that just because you opt-in to the financials offering, doesn't mean you have to enable every single functional area under financials. You can choose which functional area you will implement. You might need GL, but not AR and AP, or all of them. 
4. Easier Management of Setup Data - Clearly see dependencies as you look at the implementation tasks for a specific functional area, no need to guess what the prerequisites are.
5. Setup Data Migration - Supports the ability to move and migrate the configurations, from one environment to another.
6. Reporting - Provides the feature to generate reports to validate your setup data.

Key Concepts of the Functional Setup Manager

Offering - An offering is a collection of business processes that will be relevant to your enterprise. So for Financials, this means you have the General Ledger module and at least one subledger, Revenue Management, Receivables, etc. Click on the Navigator and look for "My Enterprise", select the offering you need to implement for your organization and Opt-In.

Functional Areas - Functional Areas are the applications within the Opt-In Offering that your organization might require, such as Receivables, Payables, Revenue Management. For Example, we have the financials offering. We have Revenue Management as a Functional Area. It groups together the Tasks List that you need to carry out for implementation and maintenance.

Implementation Tasks and Task Lists -  An Implementation task is simply a configuration that you need to carry out for your implementation or maintenance. This could be like defining a source document type or it can be a pricing configuration, or system options for Revenue Management. Task Lists just simply groups together the Tasks for easier navigation.

Scoping - There's another concept called Scoping. Scoping provides the Business Unit you will use for an Implementation Task because a configuration Task can have different values for each Business Unit.

Shared Functional Area - shows you offerings that share the same functional area. For example, the Functional "Legal Structures" are shared between other offerings besides Financials.

How do I Opt-in to an Offering?

1. Click on the Navigator and look for "My Enterprise" > Offerings
2. Select the Offering you want to implement.
3. Read the detailed description of the Offering to find out if this is what your organization requires
4. Check the status to make sure that the offering is enabled
5. Use the opt-in feature
6. Use the related documents available in different formats (PDF, Excel, HTML) to learn more about implementation requirements, a list of implementation tasks, configurations that need to be completed, and new features.

There's also feature in the Opt-In that gives you the freedom to choose if you use the new features recently released by Oracle. For Example, the new features rolled out by the upgrade process is something your organization does not need, then you can simply not opt-in to that new feature.

Below is a Video Demonstration on Opting in to an Offering using the Functional Setup Manager in Oracle Fusion Applications:

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