Fusion Payment Approvals

Adobe Captivate Tuesday, August 29, 2017
Slide 3 - Oracle Financials Cloud Release 12
Slide notes
Hello, my name is Madhulika. Welcome to training for Release 12.
In this session we will talk about whats coming in Oracle Fusion Financials Cloud for Payments.
Notes
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Slide 4 - Agenda
Slide notes
For the enhancements covered in this training, well first give an an overview of the features, followed by more details to explain how you can use them, and
what business value they bring.
Then well walk you through a demonstration.
Next well explain what you need to consider before enabling these features in your business, and what you need to know to set them up.
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Slide 5 - Enhancements Overview
Slide notes
In release 12, Oracle Fusion Payments introduces Payment Approvals. This feature allows you to send payments to approvers for review before final
payments are made to suppliers or employees.
Payment approvals allow you to define approval policy for payments created through payment process requests. When payment approval is enabled, the
payment process stops at the Review Proposed Payments stage, and approvers can optionally remove payments directly from a payment process request
and then approve it.
Approvers can approve or reject payment process requests directly from e-mails. They can also perform other approval actions from the payment approval
worklist notifications. Payment approval enables the management to control payments by prioritizing the available funds.
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Slide 6 - Enable Payment Approvals
Slide notes
To enforce approvals for payment process requests, click on Enable payment approval check box in Manage Disbursement System Options page.
This option ensures that all payment process requests go through the approval process.
You can navigate to the Manage Disbursement System Option UI by using the following navigation:
Navigation: Setup and Maintenance > Search: Manage Disbursement System Options > Manage Disbursement System Options page.
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Slide 7 - Configure Payment Approval Rules
Slide notes
The Payment Approval feature allows you to configure payment approval policy in Business Process Management page.
The payment approval policy defines:
When to initiate the payment approval process,
and the criteria for triggering the payment approval process, such as payment amount, bank account, or pay group
You can also specify a list of approvers who will review the payments and make the final payment decisions .
You can navigate to the Business Process Management page to define the approval policy, using the following path:
Navigation: Setup and Maintenance > Search: Define Approval Management for Financials > Manage Task Configurations for Financials.
Select Task: PaymentApproval
Select Participant: Payment Approval Serial Participant
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Slide 8 - Initiate Approvals for Payment Process Request
Slide notes
This feature allows you to initiate the approval process for payment process requests. It stops the payment process request at the payments validation
stage when the approval process is initiated
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Slide 9 - Payment Approval Worklist Notification
Slide notes
Payment approval workflow evaluates all the payment approval rules and generates the work list and email approval notifications .
Approval notifications are routed to the approvers for reviewing the Payment Process Request details.
All individual payments details are attached to the notification in the form of a report.
The Approver can review these payment details and then take the decision to approve or reject the Payment Process Request.
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Slide 10 - Review Payments During Approval Process
Slide notes
If required, Approvers can remove individual payments from Payment Process Request in the Review Proposed Payments page and approve the remaining
payments.
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Slide 11 - Payment Approvals
Slide notes
The Payment Approval feature adds value to the business by allowing you to:
Define payment approval policy for your business
You can Send payments to approvers for review before final payments are made to suppliers or employees
You can also optionally remove payments directly from a payment process request and then approve it
It also allows you to generate and route payment approval notifications to approvers. Approvers can approve or reject payment process requests directly
from e-mails
It helps the management to Review and prioritize payments, to make effective use of available funds
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Slide 19 - Summary of Enhancement Capabilities
Slide notes
Now lets summarize the features that I have talked about today.
The Payment Approval feature covered in this training enables you to:
Enforce approvals for Payment process requests
Define the Payment Approval Policy for your business
Initiate the approval process for Payment process requests
And generate and route payment approval notifications to approvers
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Slide 20 - Additional Information
Slide notes
This feature supports approval process for payments created through payment process requests only . Payment approvals are not applicable for payments
created using the Create Payments page.
Approvers can remove the individual payments from payment process request and approve or reject payment process request with remaining payments.
As of now, approval rules for payments can be configured to route the approval notification in sequential mode but not in parallel mode.
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Slide 21 - Implementation Advice
Slide notes
In this implementation advice section we will go through what you need to consider before enabling this feature in your business, and what you need to
know to set it up.
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Slide 22 - Feature Impact Guidelines
Slide notes
This table depicts key upgrade information for the new features covered in this training.
All the features covered in this training are automatically available after upgrade.
Features Enable Payment Approvals and Configuration of approval rules have setups associated with them. These setups are covered later in this
training.
All the features can be accessed through existing shipped job roles.
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Slide 23 - Implementation Decision Points
Slide notes
When Enable payment approval is selected in Manage disbursement system options then all the payment process requests will go through the approval
process.
Prior to configuration of approval rules, Approval policy need to be in place with respect to when to initiate the approval process for payments and to whom
to the approval notificaitons should be routed to.
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Slide 24 - Setup Summary
Slide notes
Now lets review how to setup Payment Approvals.
The setup for Payment Approval is achieved by
1. Selecting Enable payment approval option in Manage Disbursement System Options
2. Configuring approval rules in business process management page
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Slide 25 - Setup for enabling Payment approvals
Slide notes
The setup for Payment Approval is achieved by
1. Selecting Enable payment approval option in Manage Disbursement System Options
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Slide 26 - Setup for Payment Approvals Task
Slide notes
Next, we'll use the Setup and Maintenance page to navigate to the Business Process Management (BPM) Worklist application.
Navigate to: Setup and Maintenance > Search: Define Approval Management for Financials.
Click on the Manage Task Configurations for Financials link.
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Slide 27 - Setup for Payment Approval Rules
Slide notes
Payment approval rules need to be configured using the Payment approval task in the Business Process Management page.
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Slide 37 - Job Roles
Slide notes
This table details the shipped job roles that will access the new capabilities covered in this training.
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Slide 38 - Business Process Information
Slide notes
The business processes associated with the new capabilities covered in this training are detailed here.
The high level business process is Manage Payments with activity Prepare and Record Payments
This concludes this presentation, thank you for listening. You can easily pause and rewind any of these slides if you require additional time to take in the
detail.
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Adobe Captivate Tuesday, August 29, 2017

Slide 3 - Oracle Financials Cloud Release 12

Then well walk you through a demonstration.

Slide 5 - Enhancements Overview

Slide 6 - Enable Payment Approvals

Slide 7 - Configure Payment Approval Rules

Slide 8 - Initiate Approvals for Payment Process Request

Slide 9 - Payment Approval Worklist Notification

Slide 10 - Review Payments During Approval Process

Slide 11 - Payment Approvals

Slide 19 - Summary of Enhancement Capabilities

Slide 20 - Additional Information

Slide 21 - Implementation Advice

Slide 22 - Feature Impact Guidelines

Slide 23 - Implementation Decision Points

Slide 24 - Setup Summary

Slide 25 - Setup for enabling Payment approvals

Slide 26 - Setup for Payment Approvals Task

Slide 27 - Setup for Payment Approval Rules

Slide 37 - Job Roles

Slide 38 - Business Process Information

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