Oracle Fusion Financials Payment Process

Payment Process in Orcale Fusion Financials

We have two alternative in Oracle Fusion Financials to make installments to providers. It is possible that we can make a Manual Payments or we can utilize Payment Process Request (PPR) to make installments. By Manual we can make one Payment at once to single provider however with the assistance of Payment Process demand we can make different installments at single time to various providers.

At the point when you present an installment procedure demand, the solicitation goes through different phases of handling. Inside each stage, a solicitation can have an alternate status. Some statuses necessitate that you make a move. You can utilize the Payments Overview page to view and follow up on installment process demands.

You can control the degree of computerization of an installment procedure demand by setting the accompanying alternatives on the Submit Payment Process Request and the Create Payment Process Request Template pages:

Apply attributes up to zero sum installment

Survey portions

Survey proposed installments

Make installment documents right away

Handle record and installment approval disappointments

Step1:- Go to Payables => Payments as underneath.

Step2:- Go to Tasks => Submit Payment Process Request as Below.

Step3:- This is the Payment Process Request Window

Enter the Name of the PPR Request.

Select the Parameters as underneath , to present your Payment Process Request.

You can run the Payment Batch for Specific Pay Groups , Currencies , Supplier Type , Supplier and Invoice Group.

Step4:- Under Payment and Processing Options tab , We pick the Payment Bank Accounts , Payment Process profiles and Payment Documents to Make installment for the Un-Paid Invoices.

Step5:- After Entering all these Information simply present the Payment Process solicitation to make installments for the un-Paid Invoices.

Step6:- When you will present the PPR cluster at that point look down and you will see the solicitation submits for this Payment Batch as underneath. you can likewise survey the Output too.

Step7:- Now again go to the Tasks => Manage Payment Process Requests.

Step8:- Find the PPR cluster in the Manage Payment Process Requests and you can see your PPR demand sitting tight for your Action as beneath.

Step9:- We can see here the Selected Invoices under this PPR bunch. we can likewise expel the chose solicitations by tapping on the cross sign as beneath.

Step10:- After audit the Selected Invoices click submit button as beneath.

Installment Process Request in Oracle Fusion Financials

Step11:- After Submit the Expense report , on the other hand search the PPR clump and you can see underneath this PPR is again sitting tight for your audit the made installments.

Step12:- We can survey the Payments for the Selected Invoices and we can likewise expel the installments for the chose solicitations here.

Step13:- After present the installment cluster , then PPR bunch is pending for the endorsement.

Step14:- The payment approval will be initimated.