Setups Summary- Centralized Payments setups in Fusion Applications is performed via Functional Setup manager-
- Setup is performed within the financial offerings
- The Functional Area is organization structures
- Tasks associated with the setup information are
- Assign Business Unit Business Function
- Manage Service Provider Relationships
Assign Business Unit Business Function
Business Unit should be assigned with Business Functions. It can be either Payable Invoicing or Payable Payment Business Function. Relationship between invoice business unit and payment business unit should be established by defining the payment service provider relationship.
Diagram courtesy Oracle
Setup for Supplier Site Assignments- Similarly complete the supplier site assignment for all the invoicing business unit if you want to consolidate the supplier payments across business units.
Implementation Decision Points
- Enable centralized payments when payment processing is highly centralized in the organization or when payments are outsourced.
- At any time an invoice business unit can have only one payment service provide and this feature should not be enabled when payments are handled by more than one business unit.
- Payment business unit details are not stamped on invoices. As a result the migration from one payment service provider to another, or moving from centralized to decentralized services or the converse will happen smoothly.
Job Roles & Associated Duty Roles
Shipped Job Role – Account Payable Supervisor
Associated Duty Role- Payables Payment creation Duty
-Payables Payment Processing Duty