Oracle Procure-to-Pay Guide

CHAPTER8Payment Processing

Payment Processing has been reworked in R12, building on the concept of shared services and the old iPayments module. Previously, settling debt transactions was broken down into pieces, where EBS Payables would relieve and account for the settlement and print any settlement documents, iPayments would transmit any transactions to third parties, and any additional reporting was a separate step. Once a process was started, it was taken through to the end.

Now, settlements are broken down into stages, starting with invoice selection, then validations, aggregation of settlements, formatting, and finally, transmission, to create an integrated payment engine within EBS. Not only are documents created for settlement, they have ...