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Automate Mass Payment Requests

in Payables, Payments & Cash Management 2 comments

Summary:

Has anyone successfully found a way to automate large files of payment requests from an external system into Oracle Fusion, and can Oracle Fusion processing/reporting handle it?

Summary is that we are a health care insurance provider. We pay 6,000 individual ACH payments to different providers and 1,000 checks per week. We use an external claims system which generates the payment file information. Right now that information is loaded to a payment file processor to convert the payment extract to either a Nacha ach file or positive pay file to be sent to the bank.

We were looking at ways to possibly push that information through Oracle in order to have Oracle transmit the payment files, house the recon, and do the accounting all in one spot but not sure if it's possible to do as an automated system to system payment process request. We don't really want to create 7,000 additional invoices a week in order to generate a payment that is really coming out of an external system.

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