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SEPA@Oracle EBS :’ Out of the Box’

Nine months since the launch of SEPA, Oracle has finally released patch for SEPA Credit Transfer (SCT) for much demanded need for European EBS customer.

High Points of SEPA Project

Lets recap some of high points of SEPA [1] project.

SEPA support at Oracle

SEPA@ EBS

Oracle EBS functionality for SEPA messages customer credit transfer initiation (pain.001.001.02) is based on the ISO20022 format. ISO20022 format have these benefits;

SEPA messages with Oracle EBS Release dates for 11.5.10 and 12

These are summary of different SWIFT message.

Fig 1: SEPA swift Message

Out of these list Oracle EBS supports for both Customer Credit Transfer(pain.001.001.02 ) as well as Customer Direct Debit (pain.008.001.01)

Here are the summary of information for SEPA out-of-box Functionality in EBS.

Fig 2: Oracle Support for SEPA

SEPA availability in EBS

The SEPA Credit Transfer Initiation Message is available for R11.5.10 via Patch 6741280.Customer using 11.5.10 can get the functionality enable by applying patch.

Wrapping up

Will keep you posted for any updates.:)

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