Victoria Anderson Manager, Payment Product Mangement
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Payment Processing with Oracle Payments: What’s New in Oracle E-Business Suite Release 12Victoria AndersonManager, Payment Product Mangement
• Purpose:This document provides an overview of features and enhancements included in Release 12. It is intended solely to help you assess the business benefits of upgrading to Release 12.
•Disclaimer:This document in any form, software or printed matter, contains proprietary information that is the exclusive property of Oracle. Your access to and use of this confidential material is subject to the terms and conditions of your Oracle Software License and Service Agreement, which has been executed and with which you agree to comply. This document and information contained herein may not be disclosed, copied, reproduced or distributed to anyone outside Oracle without prior written consent of Oracle. This document is not part of your license agreement nor can it be incorporated into any contractual agreement with Oracle or its subsidiaries or affiliates. This document is for informational purposes only and is intended solely to assist you in planning for the implementation and upgrade of the product features described. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described in this document remains at the sole discretion of Oracle.
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Agenda
• What is Oracle Payments?• Disbursements
• Key Disbursement Enhancements• The Integrated Disbursement Process
• Oracle Payments Demo• Funds Capture
• Key Funds Capture Enhancements• The Integrated Funds Capture Process
• Q&A
Question for Audience What release are you on?
Release 12• Thinking about it• Implementing it• Already there
Of those not live on R12• Release 11.5.9 or earlier• Release 11.5.10• Something else
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What is Oracle Payments?
Payment Processing in Release 11i
Credit Card Payments
Oracle Oracle ReceivablesReceivables
Oracle Global Oracle Global FinancialsFinancials
OracleOracleiPaymentiPayment
OracleOraclePayablesPayables
EFTPayments
EFTPayments
DirectDebits
DirectDebits
DirectDebits
CheckPrinting
CheckPrinting
Bills ReceivableRemittances
Bills ReceivableRemittances
Bills ReceivableRemittances
Oracle Payments
Payment Processing in Release 12
Order-to-Cash ProductsReceivables, iStore, Order Management, Collections, Contracts…
Procure-to-Pay ProductsPayables, Federal Payables, Global Financials, Loans…
One payment processing solution leveraged by multiple products
DirectDebits
CheckPrinting
Bills ReceivableRemittances
EFTPayments
Credit Card Payments
Oracle Payments:Oracle Payments:
Oracle Payments is a central engine to disburse and capture payments. For
electronic payments, it connects Oracle EBS products like Receivables and
Payables to financial institutions like banks and credit card processors.
Release 12
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Disbursements
Key Disbursement Enhancements Payment Formats
• Out-of-the-box Content- Rich library of seeded electronic formats
• Intuitive Toolset for Making Changes- Integration with XML Publisher makes it easy for business
user to create or modify formats in any word editor
- Special capabilities of XML Publisher eText allows user-intuitive manipulation of electronic formats
Key Disbursement Enhancements Payment Formats
Key formats supported out of the box include:• SWIFT MT 103• ANSI X12 820• EDIFACT PAYMUL• NACHA
• NACHA CTX• NACHA CCD• NACHA CCDP• NACHA PPD
Key Disbursement Enhancements Payment Formats (eText)
Key Disbursement Enhancements Configurable Validation Rules and Processes
• Rich library of country- and format-specific validations usable out of the box
• Highly configurable framework• WHAT: Define new validations rules• WHEN: Set timing of validations• HOW: Set how errors should be handled
Invoice Entry
Invoice Selection
Payment Build
File Creation Formatting Transmission
Key Disbursement Enhancements Configurable Validation Rules and Processes
• Validate upstream or downstream
Configurable validations
Invoice Entry
Invoice Selection
Payment Build
File Creation Formatting Transmission
Key Disbursement Enhancements Configurable Validation Rules and Processes
• Validate upstream or downstream
Configurable validations
Timing
Invoice Entry
User-Defined
Validations
Pre-Defined Library
Payment Build
Batch
Payment
Invoice
Object Validation Rules
Configurable Validations
Key Disbursement Enhancements Electronic Transmission
• Set up configurations based on standard protocols• Manually or automatically initiate the transmission of
the payment file
• Protocols supported out of the box• FTP• Secure FTP• HTTP• HTTPs• AS/2
Key Disbursement Enhancements Enhanced Process
• Separate out user needs – During selection of invoices to be paid, Payables user wants to focus on financial benefit such as cash flow and discounts, not payment method
• Invoice selection is now agnostic of payment method
• Oracle Payments groups invoices into payments within the group selected invoices, and then groups payments into payment files based on hard-coded and user rules (without being confined to the selection group).
Key Disbursement Enhancements Enhanced Process
Payment Instruction 3
Payment Instruction 2
Payment Instruction 1
Payment ProcessRequest B
Payment ProcessRequest A
Payment ProcessRequest B
Payment ProcessRequest A
Pool of documents payable in source product
Pay to $
Payment 104
Pay to $
Payment 102
Pay to $
Payment 101
Pay to $
Payment 103
Sou
rce
Pro
duct
Sel
ectio
n P
roce
ss
Pay
men
t Bui
ld P
rogr
am
Pay
men
t Ins
truct
ion
Cre
atio
n P
rogr
am
Invoice 6
Invoice 5Invoice 3Invoice 4Invoice 2
Invoice 1
Invoice 4
Invoice 1
Invoice 6
Invoice 5Invoice 3
Invoice 2
Pay to $
Payment 104
Docs payable selected by source product and sent to Oracle
Payments in a payment process request
Documents payable within a payment process
request built into payments per user-defined and hard-coded rules
Payments grouped into payment instructions per user-defined and
hard-coded rules
Pay to $
Payment 101
Pay to $
Payment 103
Pay to $
Payment 102
Key Disbursement Enhancements Process Visibility Though New Dashboard
Supports different business models :• Centralized AP and Payments
• Decentralized AP and centralized Payments
• Decentralized AP and decentralized Payments
Guides the user with smart Take Action icon
Key Disbursement Enhancements Process Visibility Though New Dashboard
The Integrated Disbursement Solution Flexible and Powerful
PaymentRequest
Validations Aggregation Formatting
• Detailed validations canbe configured tobe performed upstream or downstream
• Rule-basedaggregationof paymentinstruction
• XML based formattingframework
Transmission
• Rich out-of-the-box content andextensible framework
• End-to-end process from entry of the document payable to printing or electronic transmission can be automated
• Configurable validations and exception handling can be tailored to any business process or country requirement
• Sophisticated defaulting of payment methods on to documents payable
Release 11i Disbursement Process Oracle Payables
Payment file contains exactly the payments that were selected, so selection has to be done based on payment method, currency, and operating unit
Payment
FilePayment Build
Select Invoices
Oracle Payables
User
Release 12 Disbursement Process Oracle Payments
End product is minimum number of files needed for unique processing needs
Pool of Built
Payments
PaymentBuild
Select Invoices
PayablesUser 1
SelectionBatch 1
PaymentBuild
Select Invoices
PayablesUser 1
SelectionBatch 1
PaymentInstruction
PaymentInstruction
TransmitPayments
PrintPayments
PaymentInstruction
Creation
Release 12 Disbursement Process Impacted Applications
Significant impact• Oracle Payables• Global Financials
Minor impact• Oracle Cash Management (new Bank Transfer feature)• Oracle Receivables (new Customer Refund feature)• Oracle Loans (new payment method setup)
Any product that pushes disbursements through Oracle Payables is taking advantage of the richness of Oracle Payments functionality
Oracle Payroll is the exception to the central disbursement engine
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Oracle Payments Demo
Straight-Through Processing
System Settings
USDCheck
Electronic
EUR
Check US Standard
Cheque EUR Laser
EUR
USD SWIFT MT103FTP
Payment Method Currency
Check
Oracle Payments Demo
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
• First Level Bullet
Oracle Payments Demo
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Funds Capture
Key Funds Capture Enhancements Configurability
• Funds Capture Process Profile is the focal point of configurability
Transaction Attributes:Operating Unit
Payment MethodRouting Rule Conditions
Process Attributes:Authorization FormatSettlement Format
Acknowledgement FormatSettlement Grouping
Settlement Batch LimitsTransmission Configuration
External Reporting
Funds CaptureProcess Profile
(via Payee’s Routing Rules)
Key Funds Capture Enhancements Process Visibility Though New Dashboard
Significant impact• Oracle Payables
The Integrated Funds Capture Solution
Flexible and Streamlined
Request Settlement Acknowledgement
• Upstream products call Payments to authorize transaction with third party payment system
• Routing rules drive how the transaction will be processed and which third party payment system will be used
• End-to-end process from authorization through settlement and acknowledgement can be automated
• Handles credit and debit card captures and electronic bank transfers from multiple calling products in EBS
• Payments automatically queries payment system for acknowledgement of transaction success
Authorization
• Payments calls payment system in individual or batch mode to request settlement
R12 Funds Capture Process Supporting Straight Through Processing
• Configurability to support diverse business models and regional needs without customization; enables global processes
• Automation to streamline process and save costs through electronic straight through processing
• Integration with XML Publisher to shift implementation and maintenance of payment formats from technical to business user
• Single repository of external-party payment instruments (bank account and credit/debit card numbers) with masking and encryption aids deploying company in security and compliance issues
R12 Funds Capture Process Payment Systems
• There are adaptors available for the following payment systems but adaptors can be created for and by any company.
Paymentech– Credit Card– Purchase Card Level 3– PINless Debit Card– US ACH, including Online Account Validation
First Data (North Platform)– Credit Card– Purchase Card Level 2
Concord EFSnet– Credit Card– Purchase Card Level 3– PINless Debit Card– US ACH, including Online Account Validation
VeriSign– Credit Card– Purchase Card Level 2
Wells Fargo– Credit Card– Purchase Card Level 2– US ACH
CyberSource– Credit Card– Purchase Card Level 2
AQ&
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The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions.The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.