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BACS or Electronic Payment Process

edited Mar 20, 2019 11:42AM in Payables, Payments & Cash Management 4 comments

Summary

How does Oracle handle BACS or electronic Payment failures and Voids

Content

Hi,

 

I would like to know if there is a documentation or a white paper on Oracle cloud BACS processing and also how Oracle handles the failures or void which happens when Bank processes the BCAS file.  Do we get something back from the bank and Oracle marks AP Invoices unpaid as it has not been paid ?

 

Please let me know if there is a documentation on the full bacs/payment processing.

Version

Oracle cloud Payables
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