The document provides an overview of the new features in Oracle E-Business Suite Release 12.2 compared to Release 12.1.3. It summarizes key enhancements in areas like online patching, hundreds of new features across business apps, replacing the application server with WebLogic Server, and streamlined installation. The document recommends upgrading to 12.2 if needing high availability from online patching, wanting new 12.2 features, or preferring a single upgrade project. It highlights new features in various modules including inventory, order management, supply chain management, manufacturing, and warehouse management. The document stresses the importance of training for users and technical staff on the new navigation, processes, and technologies in Release 12.2.