Replace Supplier Bank Accounts on Invoices

We recently upgraded to 12.1.3.  One of the new features for Payables is:

3.12.2.1.  Replace Supplier Bank Accounts on Invoices:  When users end date an existing supplier bank account and provide a new active bank account, Oracle Payables will automatically update the remit-to bank account information on unpaid and partially paid invoices.  This streamlines transaction processing and prevents the need to update each invoice manually.

This feature does not seem to be working for us.  Is there a profile option or some additional setup that needs to be done in order for this feature to activate?