2 Oracle Financials Functional Overview
Oracle Payables is a high-productivity accounting solution that provides strong financialcontrol, so you can prevent duplicate payments, pay for only the goods and services you orderand receive, and maximize supplier discounts. Oracle Payables is part of Oracle Applications,
an integrated suite of business solutions designed to support continuous process improvementfor enterprises competing in time-critical markets.
Enter SupplierEnter RequisitionCreate Journal EntriesApprove InvoiceCreate POEnter InvoiceReconcile PaymentsPay Invoice
Proactive Supplier Relations
Oracle Payables helps resolve business issues quickly by providing immediate and accurateresponses to supplier inquiries. Record detailed information about your suppliers, includingtheir purchasing, payment, and invoice processing preferences.
Automated Invoice Approvals
Oracle Payables supports two-, three-, and four-way matching of purchase orders, invoices,receipts, and requestor acceptance documents. All the information you need to authorizepayments is on-line, eliminating the paper flow of purchase orders, invoices, receipts, andrequestor documents. Approve invoices on-line during invoice entry or in batch.