Integration of Oracle Credit Management with other modules

Posted on August 3rd, 2013 by Sanjit Anand || Email This Post

Oracle Credit Management have mainly three integration touce-point for credit needs with these EBS appliucation:

1. Oracle Order Management
2. Oracle Lease Management
3. Oracle Loans

• Oracle Order Management : This have integration for Order Management Credit Review.As we know Credit Management is used by Credit/Receivables analysts to allow more in depth management of customer credit worthiness and credit availability.Credit Management allows the C/R analysts to assign a level of credit worthiness/risk to customer accounts.In OM when a sales order is placed on credit check failure hold, a case folder is created in Credit Management
  • Setups to be verified for Review from Order Management
    • Credit check checkbox should be checked in payment terms
    • Setup order credit limit in customer standard page for the currency for which credit application needs to be created.
    • Checklist for review type order hold needs to be created along with credit classification of the customer.
    • Make sure credit check rule is selected on Order Transaction type.
• Oracle Lease Management :Lease applications are created and managed in Lease and Finance Management for the purpose of obtaining credit approval from Oracle Credit Management. A lease application contains both a lease sales quote and a credit application. Once a prospect has accepted a lease sales quote, you can convert the lease quote into a lease application, add customer credit data and pricing information and submit it for approval. You can also create a lease application without converting a lease sales quote.
  • Setups to be verified for Review from Lease Management
    • Lease application template has been setup in Lease for credit classification for the customer with review purpose as New Deal Lease Application
    • End of term option should be set up in lease
    • Checklist for review type new deal lease application needs to be created along with credit classification of the customer.
• Oracle Loans – Oracle Loans integrates with Oracle Credit Management to perform credit reviews for loan application requests and decide to approve or reject it. The Credit Review option is set at the Loan Type level. You can either create a loan with a loan product that requires credit review or request review while creating or updating a loan. You must complete as much of the application including recording assets, financial data, co-borrowers, guarantors and other loan details to request credit review. Loans displays information from Oracle Credit Management in the Borrower Summary.
  • Setups to be verified for Review from Loans
    • Loan type should have credit review enabled
    • Checklist for review type Loan needs to be created along with credit classification of the customer.

1. Modules and Financial Events for Tax Transactions
2. What is Credit Management and Why is used
3. Third Party Data Integration with Credit Management
4. Understanding difference between Credit Hold & Credit Check
5. Credit Check Functionality in Order Management for Techies