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What is the Best Way to Reconcile in Cash Management to Third Party Payments — Cloud Customer Connect
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What is the Best Way to Reconcile in Cash Management to Third Party Payments

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Summary:

We are a Health Insurance Company and we pay our claims out of a third party system. We have about 9,000 payments per week out of the third party system. We are considering reconciling the transactions somehow in the Oracle Fusion Cash Management Application.

What would be the best way to reconcile 3rd party payments in the cash management module. After reviewing some options I know about I had the following problems:

  1. If these are entered in as External Transactions they will not account until they are reconciled. This is an issue for checks that are issued but not cashed for weeks. They would not be accounted for in the system.

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