Financial Management - PSFT (MOSC)

MOSC Banner

Question on Financial Sanction

in Financial Management - PSFT (MOSC) 1 commentAnswered

Hi,

We are on PeopleSoft 9.2. We use financial sanction process to validate the vendors in the system.

Navigation:-Main Menu> Setup Financials/Supply Chain> Install> Installation Options. Financial Sanction Link.

Validation Options-

Procure to Pay:- Enabled at Installation.

Navigation:- Accounts payable> payments>pay cycle processing> payment selection criteria- Preferences. Financial Sanction Edit checkbox is checked

Per my understanding, when the process runs, it checks for all vendors in the system against SDN(OFAC) file downloaded from Treasury. If there is a match, the vendor is filtered out in the sanction log page for further review. This means no blacklisted vendor can be paid. Is there any additional setup page that shows invoice will not be paid if vendor is filtered out by this process. This looks to me more like in-built design based on the above setup. Can you confirm.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

PSFT Financial Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center