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Reconciling Bank statements from payments issue from another system

in Payables, Payments & Cash Management 7 comments

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Reconciling Bank statements from payments issue from another system

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Our organization (healthcare) is looking for change our patient refund process that today is being issued out of Oracle AP module. Going forward the organization is looking to issue payments directly from our Medical Records System (EMR), instead of through Oracle. This payment file then get's handled by the banks ePayment system and allows patients to be refunded with various payment options.

With this new approach this would mean that Oracle doesn't have any system transactions (i.e. AP) to be able to reconcile the BAI2 statement file to and I believe the reconciliation would have to be done manually and there would have to be some kind of transaction created to reflect on the GL. I know there is Bank Statement Transaction Creation Rules (that is normally used for Bank fees, interest, etc..) for statement activity that doesn't have a corresponding Oracle system transaction but I'm not sure if our use case would be appropriate for that or not.

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