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    Payment Setups - Copy (4)

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    Payment Setups - Copy (4)

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    ca.zshaikh
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    0 views22 pages

    Payment Setups - Copy (4)

    Uploaded by

    ca.zshaikh

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 22

    PAYMENT

    SETUPS
    Prepared by: Zaid Shaikh
    Why are Payment Setups Required in Oracle?

    To initiate or record payments in Oracle, it is


    essential to define the payment setups.

    The below payment setups will be required in


    Oracle.

    • Disbursement Bank Account


    • Payment Method
    • Payment Formats
    • Transmission Configuration
    • Payment Process Profile
    • Payment Document
    DISBURSEMENT BANK ACCOUNT
    • Disbursement Bank Accounts are Bank Accounts owned by
    Client Organization’s Legal Entities.

    • In Oracle Cloud AP or Cash Management, it is mandatory


    to specify Disbursement Bank Account while entering the
    payment.

    • Bank Accounts are further given the access to one or more


    Business Units, which decides - which all Bank Accounts
    can be used for processing the payments entered under
    such Business Units
    PAYMENT METHOD
    • A Payment method is a method of payment that company uses to
    pay a supplier. The payment method can be electronic, such as
    EFT, printed, such as a check,.

    • Payment Methods can carry a set of validations required by


    Banks for processing those type of payments, such validations
    can be defined in system as well.
    TRANSMISSION CONFIGURATION
    • Transmission configuration setup defines how payment files will
    be transmitted to the payment system.

    • Transmission configurations ensure that payment files are


    securely and correctly sent to the payment system or bank.
    PAYMENT FORMAT
    • How the output of any payment will come out of the system
    depends upon the payment template.

    • In system, these output layouts need to be designed using BI


    Publisher and it will be assigned to payment format.
    PAYMENT PROCESS PROFILE
    • Payment Process Profile are the set of processing instruction
    that govern how many steps a particular payment process
    request goes through & what is the layout of output for a
    particular payment.

    • Payment Process Profile also holds certain additional reporting


    instruction for payment – such as Payment File Register,
    Positive Pay, Separate remittance advice.
    Business Scenario:
    1. Business Scenario : Check Payments
    A company wants to initiate a check payment to its
    suppliers in Oracle.
    Navigation: Settings and Actions > Setup and Maintenance
    > Setup : Financials > Cash Management > Manage Bank
    Accounts
    Disbursement Bank Account

    Bank Account: General Tab


    Create Payment Document

    File Format
    Bank Account: Busine Unit Access Tab
    Navigation: Settings and Actions > Setup and Maintenance >
    Setup : Financials > Payment > Manage Payment Method
    Payment Process Profile : Header

    Payment Process Profile : Usage Rule


    Tab
    Payment Process Profile : Reporting
    Tab
    Business Scenario:
    2. Business Scenario : ACH Payments
    A company wants to make payment to its supplier via
    ACH from
    Oracle.
    Bank Account: Header

    Bank Account: General Tab


    Payment Document
    Payment Method
    Payment Process Profile
    Electronic Print Template Example

    Check Print Template Example


    Q&A

    This presentation contains information that may be privileged or confidential and is the property of
    Mastek.
    Copyright © 2024 Mastek. All rights reserved.

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