Oracle HRMS Loans

 Hi All,

This is Kumar from India/Coimbatore. We are using 11.5.10.2 HRMS. We have one requirement like, Normaly we are giving loans to employees and it will be deducted from salaries through EMI Scheme.

For updating the Loan amount in Element, We are doing manually. Instead of this option,  We are expecting, Employee has to raise request in system.

Based on this request, it should be approved through workflow (AME). After the approval it should be created as a AP Invoice.

Based on this invoice  Loam Amount should be paid. This paid amount should be added into element automatically.

We are expecting you help in this regard. Whether this process is standard..? Shall we configure this scnario in standard form itself.?