Hundreds of Entities!

Dozens of
Banks! Pay from all of them
Session ID:
with a single click. 11512

Optimize your payment processing Prepared by:

using Oracle Cloud and Thomas Simkiss
Disbursement Bank Defaulting Rules Director of Cloud Soltutions
Creoal Consulting 
        @ThomasSimkiss
Remember to complete your evaluation for this session within the app!
         www.linkedin.com/in/thomassimkiss/ 

April 21, 2020

Agenda
• Introductions
– Thomas Simkiss
– Jason Winter 
– Creoal Consulting 
• Why are we here –
– Use Case Review 
• What's the solution
– Disbursement Bank Account Defaulting by Company Codes
– Application Setup
• How does it work?
• Things to consider
Introductions
 Thomas J. Simkiss, Jr., JD, CPA
Director of Cloud Solutions
BADGES
Star Presenter - 2017

EDUCATION
 B.A., Economics and Business Administration  Juris Doctorate – James A. Beasley School of Law of Temple University  CPA, New Jersey

1995 2000 2005 2008 2015 2020

Staff Accountant Business Analyst Director Principal Practice Director

 Supported month-end close  EBS 10.7, 11.03  EBS R12, Oracle Cloud applications
 Account reconciliations  20 full-cycle implementations  Certified Cloud Specialist: General Ledger, Accounts
 Supported two S1 filings  Co-Chair OATUG Multi-National SIG Payable, Accounts Receivable
 Grew onsite support staff from 2 to 10 resources in  24 full-cycle Cloud implementations
13 months  Strategic planning
 Practice and team growth
CONTACT
Thomas.Simkiss@Creoal.com CLIENTS
 Jason Winter
Business Analyst
BADGES

EDUCATION
 B.A. Marketing and Management Lockhaven University

2011 2013 2017 2019 2020

Mortgage Officer Personal Banker Associate Analyst Business Analyst

 Mortgage and Personal Banking  Supported 5 EBS R12 installations and Cloud Migrations
Specialist  9 Full Cycle Cloud Implementations
 Certified Oracle Cloud
 General Ledger Specialist
CONTACT  Accounts Payable Specialist

347.400.0901
Jason.Winter@Creoal.com
CLIENTS

Slide | 6
Creoal Consulting

16
Oracle Cloud
About Creoal Applications
Specializations
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Successful
Implementations
• Implementation of Oracle 100%
ERP cloud services Oracle Service Provider
Advisory, Implementation
• On-premise ERP to Oracle Management, Support

cloud infrastructure 75+

Resources
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expansion of on-premise ERP 2
Oracle ACE Experts
• 24x7 support for global and 14
local clients Year History
Commercial, Federal
International, Public Sector
Why are we here?
Use Case
• The Green Company has over 250 Legal Entities throughout the United States
• Approximately 30 of those entities are management entities which pay invoices on
behalf of the remaining entities based on the organization structure
• Due to the nature of the Green Company’s business entities move on a frequent
basis and the organization needs to be nimble about setup management of
payments
• Prior to implementation of this process, multiple payment runs where required to
select and process invoices from the desired banks
Oracle Functionality
• The disbursement bank account is one of two parameters required for processing
a payment process request (PPR). In cases where the invoice selection and
payment involve a single bank account, the disbursement bank account can
either be selected during submitting PPR or PPR templates can be used for
defaulting the bank account.
• The payment process request also allows selection of invoices of different
business units & currencies for payments. In cases where the invoices need to be
paid through different bank accounts, the bank account needs to be provided after
invoice selection.
 Use Case
Hold Co.

Group 1 Group 2

Mgt Co.

Legal Entities

Bank
Accounts
Old Process
Payment Process 1 - ACH

Payment Process 2 - ACH

Payment Process 3 - ACH

Payment Process 4 - ACH

What’s the
solution?
Disbursement Bank Account Defaulting by Company
Codes
• This feature can be used to automatically populate the bank account onto the payment
process request on the invoices based on the company code provided on the invoice
distributions. It involves a lookup-based setup to default bank accounts based on the
company code on the invoices.
• NOTE:
– This solution only works to default the bank account when a SINGLE company is coded to
an invoice. If multiple companies are used in the Invoice Distribution – the invoice must be
selected using the traditional approach.
• E.g.
• Invoice Total - $1,000
– Code to: 01.000.640050,100.00 $1,000
– This invoice will be selected
• Invoice Total - $1,000
– Code to: 01.000.640050,100.00 $500
02.000.640050,100.00 $500
– This invoice will NOT be selected
Application Setup – Note: 2375438.1
Prerequisites

• The bank account number is unique

• The bank account is active

• Unique company code on the

distributions

• User responsibility to setup correct

lookups
Setup
• Configure a predefined lookup type: ORA_IBY_DEFAULT_BANK_ACCOUNT
– Setup and Maintenance  Manage Disbursement Lookups

MUST BE
FINANCIALS
Setup
Setup

• The bank account defaulting happens in the following order:

– A bank account defined to pay invoices of domestic/foreign currency. If the lookup is created with a
combination of company code and currency, then bank account will be defaulted for the specific
currency invoices.
– A multi currency bank account defined to pay invoices of all currencies. For this scenario, the bank
account needs to be defined only with company code.
How does it work?
Create invoices of different company codes
Create invoices of different company codes
Submit Payment Process Request without providing the
bank account
Things to consider
The bank account numbers are not masked
Multiple payments, from multiple bank accounts can be
created from a single Payment Process Request
Multiple payments from multiple bank accounts can be
created from a single Payment Process Request
Multiple payments from multiple bank accounts can be
created from a single Payment Process Request
Multiple payments from multiple bank accounts can be
created from a single Payment Process Request
Multiple payments from multiple bank accounts can be
created from a single Payment Process Request
Solution works for same company distributions only
 Thomas.Simkiss@Creoal.com
Jason.Winter@Creoal.com
Session ID:
11512

Remember to complete your evaluation for this session within the app!