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How to configure the sub-accounts, concentration accounts, and automate sweeps using Bank Statements

in Payables, Payments & Cash Management 1 comment

We are currently designing a cash management solution for a client project, and they have a requirement to implement bank account sweeping to optimize liquidity in Oracle fusion cloud.

Based on our review of Oracle Documentation, we are exploring both Notional and Physical cash pools. We would like to focus specifically on Physical Cash Pools (Cash Leveling) and need a deeper understanding of the following:

Functioning: Best practices for setting up zero-balance vs. target balance accounts in Oracle Fusion Cloud.

Implementation Steps: How to configure the sub-accounts, concentration accounts, and automate sweeps using Bank Statements.

Intercompany Accounting: How to handle the automated accounting entries for intercompany loans created by these sweeps.

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