Slide 4 - Oracle Financials Cloud

Adobe Captivate 星期日, 四月 08, 2018

Oracle Financials Cloud Release 9

Slide notes Hello, my name is Jyoti. Welcome to the Release 9 Training for Oracle Fusion Expenses Enhancements. In this session, we’ll cover the Third-Party Payment Processing enhancements we have made in this release.

of 17 Adobe Captivate 星期日, 四月 08, 2018

Agenda

Slide notes For the enhancements covered in this training, we’ll give an overview, followed by more detail to explain how you can use them, and what business value they bring.

Next we’ll explain what you need to consider before enabling these features in your business, and what you need to know to set them up.

Enhancements Overview

Slide notes Expense reports created in Oracle Fusion Expenses could only be paid through Oracle Fusion Payables before this release. Expenses now provides flexibility to reimburse employee expense reports through a third party non-Fusion application. This enables you to leverage Fusion Expenses for expense report creation, approval and audit and your legacy third-party payment application for employee expense reimbursements. Expense report data in XML format can be transferred to the legacy application for payment processing. The payment information from the third-party application can be transferred back into Fusion Expenses to update expense reports with payment reference.

Configurable Reimbursement Option

Slide notes Expenses System Options enables you to specify third-party application as a reimbursement option. By default, expense payments are processed through Oracle Fusion Payables.

Expense and Payment Data Transfer

Slide notes Once expense reports are ready to be paid, following background processes automatically export the expense data in XML format as output:

Process Expense Reimbursements and Cash Advances background process

Create Card Issuer Invoices background process

The exported data file contains all the information necessary to issue payments to employees or credit card issuers as well as to record accounting entries.

These data files are also exported to Universal Content Manager (UCM) under fin/expenses/export directory for download and transfer to third-party application.

After the payments have been processed in the legacy application, the payment information in a specific XML format can be transferred back to Fusion Expenses. This information is used to mark the expense reports as paid as well as to provide the third-party payment reference to expense reports.

Expense Report Update

Slide notes Schedule the ‘Update Expense Report Status’ background process to keep expense reports updated with the third-party payment reference information. The expense reports are marked as ‘Paid’ and payment details get linked as attachment.

Third-Party Payment Processing

Slide notes Third-Party payment processing feature allows you to easily integrate your current legacy payment application with Fusion Expenses. You can continue to leverage your established payment processes and use existing payment application for employee expense payments. Expense and payment data is seamlessly exchanged between Fusion Expenses and the legacy application allowing expense reports to have the latest payment status as well as the payment reference information.

Summary of Enhancement Capabilities

Slide notes Here is the summary of the features I have talked about today:

First, the configurable reimbursement option that allows administrators to enable expense payment processing in a third-party application. By doing this, customers use Fusion Expenses to create and manage expense reports while leveraging their legacy third-party payment application for employee expense reimbursements.

Then, the expense data exchange with the third-party system that automatically happens with the current background processes. The transferred data provides all the information necessary to issue payments and complete accounting in the third-party application.

Finally, the transfer of the third-party payment information that happens in background and updates expense reports with the payment reference.

Slide 12

Slide notes So that concludes the audio portion of this presentation, thank you for listening. There is no audio in the implementation advice section.

You can easily pause and rewind any of these slides if you require additional time to take in the detail.