Question: Collecting customer funds prior to invoice due date using Prepayment API?

 One of our challenges is to collect funds in advance of the invoice date in AR.  We process payments (that’s our product) on behalf of our customers and want to be able to ensure we capture funds from their bank accounts prior to releasing the payments that we are processing on their behalf to their payees.

Typically we create the customer's payments 1-3 days before the payment date.  We use an external system to create invoices in the amount of the payments and send them over to Oracle Accounts Receivable through the AR Interface.  After we import the invoices we run the Automated Receipt Creation and Automated Remittance Creation processes to generate a Direct Debit file to pull funds from our clients’ bank accounts.  Sometime we interface over credits when we have to void payments that were issued in error.