Payables and Cash Management - EBS (MOSC)

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Using Virtual Accounts for Cash Management in China

edited Aug 19, 2021 8:21PM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
We are planning to implement Oracle v12 in China next year and our Chinese subsidiaries are asking about using a 'virtual account' to identify payments in CE.  According to HSBC, 'The mechanism of virtual account is to enable you to perform payer reconciliation and to facilitate the identification of the originator of the payment by assigning 24 digits of virtual account including 12 digits actual account number and 12 digits payer ID number.' 

Has anyone used a virtual account with A/R and CE in order to identify receipts in CE?  Any thoughts would be appreciated. 

Thanks and best regards
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