This document describes how to transfer cash between bank accounts in Oracle's Financials Cloud Cash Management product. It allows cash managers to directly transfer funds between accounts to maintain target balances from within cash positioning and forecasting views. When a transfer is created, it generates external cash transactions for both the source and target bank accounts. Upon reconciliation, it automatically generates the necessary accounting entries. The transfer utilizes Oracle Payments for security and can leverage approval rules. It provides a storyline of a cash manager transferring $2,500 from one bank account to another to increase its balance.

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Financials Cloud - Cash
Management
Fusion Cash Management – Bank Account
Transfer (Generic)

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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

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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

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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.

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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

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As Cash Manager, Philip Cawley is at times required to transfer funds between accounts to maintain target balances.

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Philip Navigates to the Cash Management work area
[Select : Cash Management Tab > Cash Balances ]

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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.

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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 ]

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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

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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.

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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 ]

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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 ]

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He notes that this transaction is in Completed status
[ Click – Done ]

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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 ]

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Philip navigates to Manage Transactions under External Cash Transactions.
[ Click Manage Transactions ]

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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 ]

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He notes that the two separate transactions, one for each bank account, were generated successfully.
End of Demo

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