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 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

Difference between a standard bank charge and a negotiated bank charge

Posted on July 24th, 2011 by Sanjit Anand ||Email This Post Email This Post

Bank charges are the fees that a bank charges you for transferring funds from your disbursement bank account to the bank accounts of your suppliers.

You negotiate with your supplier whether to deduct the bank charges from an invoice payment and you pay the bank at one of the following rates:

  • Standard
  • Negotiated

Difference between a standard bank charge and a negotiated bank charge

  • A standard bank charge is the typical rate that a bank charges you to transfer funds from a disbursement bank account to a supplier bank account.
  • A negotiated bank charge is a negotiated rate that you and your bank agree upon for the transfer of funds.

Posted in Oracle Payable, Oracle Treasury | No Comments »

News: Citibank Japan and Oracle cash management solutions

Posted on May 21st, 2008 by Sanjit Anand ||Email This Post Email This Post

This is not Oracle acquisition news, rather yet another Big news this morning locally in Singapore for partnership with global bank Citibank Japan and Oracle for enhancing the Oracle Global Cash Management System,that provide a integrated solution for managing Cash Management for global manufacturing operations, retail, transportation, financial services sector of Japanese clients.

“Oracle Global Cash Management System” is SOA based product of Oracle Japan used for managing group corporate finance, fund management and financial risk management, financial transaction management function.

Some of the important Fund management features that product offers are : centralized group of companies in the financial management of pooling funds, payments to suppliers to pay a centralized agency, balances between group companies to make the difference between the settlement and netting capabilities.

“Oracle Global Cash Management System” available for local clients since October 1, 2007 with price tag 15 million yen for 4-user license,supported with most of available platforms(AIX, Solaris, HP-UX, RedHat Linux, Windows).

read this entire story

As need for banking Integration is greatly felt in corporate world, and Lets hope, this might bring some more banking functionality in next releases of Oracle EBS ..what you say…

Posted in Cash Management, News, Oracle Treasury | No Comments »

Implementing SWIFT MT’s within EBS

Posted on May 20th, 2008 by Sanjit Anand ||Email This Post Email This Post

Companies to Banking partner connectivity and online information exchange has long been an issue for many reasons for so many years. Driven by tighter regulation and the need for better cash management and effective working capital management prompt Treasures to explore more areas so that they can get better insight into their cash positions and forecasts. As mention in last post globalization, Single instance strategy, global bank model, multi-cash feature provided by banks, centralization and standardization of finance processes that makes finance department to explore more in this area. Integration with any banking partner solutions either interacting with third party netting system or Sending a simple wire payment instructions to bank, you does requires a very tight integration with your accounting system.

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Posted in Cash Management, Oracle Application, Oracle Treasury | No Comments »

Managing Cash , EBS and SWIFT

Posted on May 18th, 2008 by Sanjit Anand ||Email This Post Email This Post

In last couple of years, IT and Internet open the new door not only to IT Finance Managers but also Corporate Treasurers .The role of treasurers is more demanded and expectation with their banking partner have been greatly increased Changing Banking Relationships, Single Bank Model ,globalization , SWIFT corporate access and XML and end to end Integration with In house accounting system are some of the key points that enforce treasury department to look options with usage of Technology by either in building custom online applications or integrated and modified products From commercial vendors of ERP.

Lets start the topic of Treasurer Dilemma for exploring Integration of Oracle ERP with SWIFT Network.Here is one of case where treasurers seeking information with Oracle.


– Currently using Oracle E-Business Suite and planning to generate e-files from AP and Treasury modules and transfer it to SWIFT.
– Came to know that many messages stating that Oracle is developing some applications that would help integrate the e-business suite with SWIFT.
– As Oracle Treasury has the ability to generate MT 100. ( Assume AP has this functionality).

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Posted in Cash Management, Oracle Application, Oracle Treasury | 2 Comments »