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CM Bank Account Transfer.pptx
- 1. Oracle Confidential Financials Cloud - Cash Management Fusion Cash Management – Bank Account Transfer (Generic)
- 2. Oracle Confidential Demo Attributes Product(s) Financials - Cash Management Date Last Updated 22nd Nov 2019 DS Demo Release(s) Supported Fusion R13 19 D Demo Title(s) Fusion Cash Management – Demonstrate Bank Account Transfer between 2 bank accounts
- 3. Oracle Confidential Executive Summary Directly transfer cash between bank accounts Navigate directly from within cash positioning and forecasting views Automatically generate external cash transactions—one each for the source bank account and target bank account Automatically generate all related accounting entries upon reconciliation with the bank statement Utilize Oracle Payments to ensure security and reliability Take advantage of full system authorizations and approval rules
- 4. Oracle Confidential What’s New in This Release Directly transfer cash between bank accounts from the cash positioning and forecasting to maintain target balances, meet financial obligations, and concentrate cash for better bank returns and service levels.
- 5. Oracle Confidential Storyline and Personas Bank Account Transfer – How a Cash Manager, transfer funds between two bank accounts to maintain target balances. Demo User Login Role Philip.Cawley Cash Manager (US1 BU) Tad.Bailey Cash Manager (Supremo US BU) Fin_impl Functional Setup Manager
- 6. Oracle Confidential As Cash Manager, Philip Cawley is at times required to transfer funds between accounts to maintain target balances.
- 7. Oracle Confidential Philip Navigates to the Cash Management work area [Select : Cash Management Tab > Cash Balances ]
- 8. Oracle Confidential Here he has a view of all his bank balances. This work area also provides him with the opportunity to transfer funds between bank accounts. % He will only be able to view and use bank accounts for which he has the necessary security access.
- 9. Oracle Confidential Noticing that he would like to increase the balance in BofA-2869, Philip evaluates his balances and decides that the BNP – Interne en Euro 999 account has the funds he would like to use. [ Click on Transfer Funds ]
- 10. Oracle Confidential Philip prepares to create a transfer in the equivalent amount of $2,500.00 USD from the BNP – Interne en Euro 999 bank account, into the BofA-2869 bank account. The default currency conversion rate will be used. % Future versions of the product will enable an override rate, but this is not available in R13
- 11. Oracle Confidential He enters all the required details in the online form. In this case, he chooses not to process the transactions through Oracle Payments. [ Destination Bank Account – BofA-2869 ] [ Payment Amount – 2500 ] [ Memo – Anything relevant to this transaction ] [ Uncheck – Settle transactions through Payments ] [ Click – Submit ] % The option to process via Oracle Payments is activated when the “Settle transactions through Payments” box is checked. If the box is unchecked, Cash Transfers will process directly via Cash Management, and no transactions in Oracle Payments will be generated. Approval rules will have to be configured to authorize transactions made via Oracle Payments. When processing via CE, only the Electronic Processing method is currently available.
- 12. Oracle Confidential When submitted, the Bank Account Transfer creates two External Cash Transactions: one for the source bank account (the “From Bank Account”) and one for the target bank account (the “To Bank Account”). Accounting for these transactions is automatically generated when reconciliation occurs. All transactions leverage Intercompany balancing rules so that distributions for both the From and the To bank accounts are complete and correct. [ Click – Yes ]
- 13. Oracle Confidential After initiating the transfer, Philip wants to view the status of the transaction he previously created. He accesses the Manage Bank Account Transfers page in order to search for his transaction on the list. [ Click Manage Bank Account Transfer ]
- 14. Oracle Confidential He notes that this transaction is in Completed status [ Click – Done ]
- 15. Oracle Confidential In order to review the External Cash Transactions created by this Bank Account Transfer, Philip navigates via the Bank Statements and Reconciliation. [ Navigate to Cash Management ] [ Click Bank Statement and Reconciliation ]
- 16. Oracle Confidential Philip navigates to Manage Transactions under External Cash Transactions. [ Click Manage Transactions ]
- 17. Oracle Confidential Selecting based on the Origin “Bank Account Transfer”, he sees the related external cash transactions on the list. He notes that the two separate transactions, one for each bank account, were generated successfully [ Origin field: Select: Bank Account Transfer ] [ Click – Search ]
- 18. Oracle Confidential He notes that the two separate transactions, one for each bank account, were generated successfully. End of Demo
- 19. Integrated Cloud Applications & PlatformServices 20 Confidential – © 2019 Oracle Internal
Editor's Notes
- Sign in as Cash Manager as per business unit - refer slide 5
- As Cash Manager, Philip Cawley is at times required to transfer funds between accounts to maintain target balances.
- Philip Navigates to the Cash Management work area [Select : Cash Management Tab > Cash Balances ]
- Here he has a view of all his bank balances. This work area also provides him with the opportunity to transfer funds between bank accounts. % He will only be able to view and use bank accounts for which he has the necessary security access.
- Noticing that he would like to increase the balance in BofA-2869, Philip evaluates his balances and decides that the BNP – Interne en Euro 999 account has the funds he would like to use. [ Click on Transfer Funds ]
- Philip prepares to create a transfer in the equivalent amount of $2,500.00 USD from the BNP – Interne en Euro 999 bank account, into the BofA-2869 bank account. The default currency conversion rate will be used. % Future versions of the product will enable an override rate, but this is not available in R13
- He enters all the required details in the online form. In this case, he chooses not to process the transactions through Oracle Payments. [ Destination Bank Account – BofA-2869 ] [ Payment Amount – 2500 ] [ Memo – Anything relevant to this transaction ] [ Uncheck – Settle transactions through Payments ] [ Click – Submit ] % The option to process via Oracle Payments is activated when the “Settle transactions through Payments” box is checked. If the box is unchecked, Cash Transfers will process directly via Cash Management, and no transactions in Oracle Payments will be generated. Approval rules will have to be configured to authorize transactions made via Oracle Payments. When processing via CE, only the Electronic Processing method is currently available.
- When submitted, the Bank Account Transfer creates two External Cash Transactions: one for the source bank account (the “From Bank Account”) and one for the target bank account (the “To Bank Account”). Accounting for these transactions is automatically generated when reconciliation occurs. All transactions leverage Intercompany balancing rules so that distributions for both the From and the To bank accounts are complete and correct. [ Click – Yes ]
- After initiating the transfer, Philip wants to view the status of the transaction he previously created. He accesses the Manage Bank Account Transfers page in order to search for his transaction on the list. [ Click Manage Bank Account Transfer ]
- He notes that this transaction is in Completed status [ Click – Done ]
- In order to review the External Cash Transactions created by this Bank Account Transfer, Philip navigates via the Bank Statements and Reconciliation. [ Navigate to Cash Management ] [ Click Bank Statement and Reconciliation ]
- Philip navigates to Manage Transactions under External Cash Transactions. [ Click Manage Transactions ]
- Selecting based on the Origin “Bank Account Transfer”, he sees the related external cash transactions on the list. He notes that the two separate transactions, one for each bank account, were generated successfully [ Origin field: Select: Bank Account Transfer ] [ Click – Search ]
- He notes that the two separate transactions, one for each bank account, were generated successfully. End of Demo