Payables and Cash Management - EBS (MOSC)

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Factoring payments and a 'positive pay file' concept

in Payables and Cash Management - EBS (MOSC) Question

EBS AP R12

I am working with a client that is being asked to setup Factoring for some of their Suppliers.  Creating the Factor bank account and relating this to the Supplier in R12 will be no problem (or so I hope). 

 

The challenge is that the Factor bank is asking the Customer to provide a daily transmission of scheduled payments.  This list would presumably be created each day as invoices are approved and scheduled payment dates/amounts are fixed.   Once the Customer has communicated the scheduled payment information to the Factor they want to 'lock down' the scheduled payment to ensure they pay exactly as communicated to the Factor.  

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