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Capturing Supplier Bank Accounts at Different Supplier Levels

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edited Aug 30, 2018 4:24AM in Supplier Management 5 comments

Summary

Points to consider when capturing supplier bank accounts at different supplier levels

Content

Supplier bank accounts facilitate electronic payments from the buying organizations to the suppliers against Invoices. To ensure that suppliers receive payments in right bank accounts and for better usability, Oracle Cloud allows segregating bank accounts for suppliers at different profile levels, which are:
  1. Profile
  2. Addresses
  3. Sites
Capturing supplier bank accounts at different supplier levels affects the defaulting of bank accounts on Invoices. The defaulting mechanism is as follows:
Application first looks for valid bank account captured for the site for which the invoice is created. If no valid bank account identified, it looks for a valid bank account captured at the address level. The address looked for is the one to which site belongs. Again, if no valid bank account identified, application looks for a valid bank account at profile level. If no valid bank account identified at any of these levels, then no bank account defaults on the invoice and user has to select the right option.
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