EBS 12.2.7 is the latest update to E-Business Suite 12.2. It includes functionality enhancements, error corrections, and statutory and regulatory updates in a consolidated suite-wide patch set.

Release 12.2.7 is cumulative and includes updates released previously for earlier EBS releases including 12.1.3, 12.0, and 11.5.10.  It includes bug fixes for the following major product areas:

• Applications Technology
• Asset Lifecycle Management  
• Channel Revenue Management  
• Financials
• Human Capital Management  
• Lease and Finance Management  
• Logistics
• Manufacturing
• Master Data Management  
• Order Management & Contracts
• Procurement
• Contract Lifecycle Management for Public Sector
• Projects
• Sales, Marketing, and eCommerce
• Service Management  
• Value Chain Planning

EBS 12.2.7 includes new functionality for the following major product families:

• Iprocurement
• Procurement
• Project Procurement
• Projects
• Order Management  
• Logistics
• Manufacturing
• Value Chain Planning
• Asset Management

For a complete list of new features, refer to:

• Oracle E-Business Suite Releases 12.1 and 12.2 Release Content Documents (Doc ID 1302189.1)

Source:https://blogs.oracle.com/stevenchan/whats-new-in-ebs-1227?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OracleE-BusinessSuiteTechnology+%28Oracle+E-Business+Suite+Technology%29