Once
invoices are validated, they can be paid.
Payables provides the information that you need to make effective
payment decisions, stay in control of payments to suppliers and employees, and
keep your accounting records up-to-date so that you always know your cash
position. Payables integrates with
Oracle Payments, the E-Business Suite payment engine, to handle every form of
payment, including checks, manual payments, wire transfers, EDI payments, bank
drafts, and electronic funds transfers.
Payables also integrates with Oracle Cash Management to support
automatic or manual reconciliation of your payments with bank statements sent
by the bank. Through Payables, you can:
* Ensure duplicate
invoice payments never occur.
* Pay only invoices
that are due, and automatically take the maximum discount available.
* Select invoices for
payment using a wide variety of criteria.
* Record stop
payments.
* Record void
payments.
* Review information
on the status of every payment online.
Process positive pay.
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