Oracle Cloud offers a broad portfolio of software as a service applications, platform as a service, and social capabilities, all on a subscription basis. Oracle Cloud delivers instant value and productivity for end users, administrators, and developers alike through functionally rich, integrated, secure, enterprise cloud services.
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Subscribe to the OracleAppsHub to receive notifications when there are new posts:

 get RSS feed
 Oracle Fusion Applications (OFA) is a portfolio of next generation suite of software applications from Oracle Corporation. It is distributed across various product families; including financial management, human capital management, customer relationship management, supply chain management, procurement, governance, and project portfolio management
 Get a Free Magzine ...Profit:The Executive's Guide to Oracle Applications

Payment Acknowledgement Import : R12.2 out-of-box Feature

Posted on December 4th, 2013 by Sanjit Anand |Print This Post Print This Post |Email This Post Email This Post

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try it today

Payment acknowledgement processing is widely used in various countries in US and EMEA region where Bank provide the acknowledgement/Confirmation.

If you have some customization in existing EBS , and planning to use R12.2 in near term, you can take advantage of out-of-box feature .

This new functionality that has been added to Oracle Payments that allow you to import payment acknowledgement reports containing payment status for bank received payment files.

A "Payment Acknowledgement" for supplier payments in Oracle Payments/Payables is a file that confirms for the payor that their electronic payment (sent to a payee's bank) was successfully transmitted and received ("acknowledged") by the bank. Therefore, this type of Payment Acknowledgement processing starts after successful transmission of the payment file to the supplier's bank. Once the bank receives the payment file, the process generates the acknowledgement file.

With this Import you can :

  • Map bank acknowledgment codes with system defined acknowledgment codes
  • Import acknowledgment data
  • Import multiple acknowledgments per payment
  • Review acknowledgment details including bank reported errors and status

Remember , Payment acknowledgment is supported only at payment level.

Related Posts

Posted in Oracle Payable, Oracle Payment Module | No Comments »Email This Post Email This Post | Print This Post Print This Post

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try it today
Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.