Direct Debit Rejection Process Automation and Reconciliation

Summary:

Content (please ensure you mask any confidential information):

Dear all,

I am writing to inquire about the potential for automating the Direct Debit Rejection Process within our Oracle system. We are currently following a manual process, which involves unreconciling bank groups, reversing receipts, and manually applying reversal statement lines. This process can be time-consuming and error-prone.

Please refer to the attached detailed scenario and accompanying questions for a better understanding of our current process and requirements.

Questions:

1-Automated Unreconciliation and Reversal: Can we define automated rules based on the reversal transaction line code (e.g., "RTI") to automatically unreconcile the bank group, reverse the receipt, and apply the reversal bank statement line to the same group? If so, how can this be achieved, and what references can we rely on?