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Oracle Fusion Financials Cash Management

Release 9
Copyright © 2013, Oracle and/or it’s affiliates. All rights reserved.

Bank Statement Reconciliation •• Flexible Flexible reconciliation reconciliation rules rules to to automatically automatically match match bank bank statement statement lines lines with with transactions transactions •• Configurable Configurable rule rule sets sets increase increase the the automatic automatic reconcoliation match rate reconcoliation match rate •• Configurable Configurable date date and and amount amount tolerance tolerance rules rules apply apply to to both both automatic automatic and and manual manual reconciliation reconciliation •• External External cash cash transactions transactions such such as as manual manual entries.Key Product Features Fusion Financials Cash Management Bank Statement Processing •• Load Load and and import import electronic electronic bank bank statements: statements: •• BAI2 BAI2 •• SWIFT SWIFT •• FINSTA FINSTA •• ISO20022 ISO20022 •• Parse Parse Rule Rule Sets Sets can can parse parse information information on on the the bank bank statement statement into into named named attributes attributes which which can can be be used used for for reconciliation reconciliation •• Support Support for for standard standard transmission transmission protocols protocols to to load load electronic electronic bank bank statements statements Copyright © 2013. Oracle and/or it’s affiliates. transactions. imported imported transactions. are are automatically automatically created created and and reconciled reconciled using using the the Bank Bank Statement Statement Transaction Transaction Creation Creation program. . program. All rights reserved. variances. entries. amount amount variances.

Key Product Features Fusion Financials Cash Management Productivity •• Role-based Role-based dashboards dashboards and and work work areas areas that: that:  Proactively Proactively monitor monitor transactions transactions and and push push work work to to users users  Allow Allow collaboration collaboration with with participants participants  Provide Provide easy easy access access to to transaction transaction screens screens and and reports reports Copyright © 2013. All rights reserved. Projects Projects and and Supply Supply Chain Chain •• Date-effective Date-effective rules rules . across Financials. Oracle and/or it’s affiliates. Reporting and Analysis •• Cash Cash to to General General Ledger Ledger Reconciliation Reconciliation Report Report •• Bank Bank Statement Statement Report Report •• OTBI OTBI –– Bank Bank Statement Statement Analysis Analysis Report Report Setup •• Centralized Centralized setup setup across Financials.

All rights reserved. enter Financials in the Name field > Search button > Expand Financials > Expand Define Receivables Configuration.Key Setup Tasks: Financials Offering Setup and Maintenance > All Tasks > Search region. . Oracle and/or it’s affiliates. Copyright © 2013. The Define Cash Management and Banking Configuration folder contains the set up tasks for Cash Management.

Branches. Copyright © 2013.Key Setup Tasks: Financials Offering • General setups including configuring the profile options. and accounting methods. • (Optional) Modify Subledger Accounting Rules for Cash Management if Using Custom Transaction Types or 3rd Party Systems: Configure application. • Define Bank Statement Processing and Reconciliation*: Configure setup for bank statement processing and reconciling bank statements. and Accounts*: Create and edit banks. lookups. All rights reserved. and accounts used throughout the applications. • Set Up Banks. . source. Oracle and/or it’s affiliates. branches. descriptive flexfields and other common components for Cash Management.

and the Reconciliation Start Date. Oracle and/or it’s affiliates. Exchange Rate. • Assign for Bank Statement Processing the following: Parsing Rule Set and Transaction Creation Rules. Automatic Reconciliation Rule Set. All rights reserved. Copyright © 2013. .Key Setup Tasks: Financials Offering • Assign for Reconciliation the following: Manual Reconciliation Tolerance Rule.

Parse rules and Bank Statement Transaction Creations rules need to be assigned to the bank accounts that these rules apply. you must define the following processing and reconciliation rules: – Manage Bank Statement Transaction Codes that each bank uses to identify different types of transactions on its statements. or other miscellaneous items. – Manage Parse Rule Sets which are used to transform data during the bank statement import process. Oracle and/or it’s affiliates. . – Manage Bank Statement Transaction Creation Rules which allow you to configure rules to create transactions from unreconciled statement lines to record items such as bank charges. interest.Key Setup Tasks: Define Bank Statement Processing • In order to load electronic bank statements or use Cash Management's Autoreconciliation feature. • NOTE: These setups are defined independent of the bank accounts. All rights reserved. Copyright © 2013.

make a copy of a seeded format. . The delivered code map groups provide only very basic mappings. Oracle and/or it’s affiliates. – Formats: One format for each of the bank statement formats supported is delivered with Cash Management. If a new format needs to be added. – Code Map Groups: The bank statement processing program uses Code Map Groups for mapping the balance codes and transaction codes that are reported on the external data file to the ones that are defined internally in Cash Management.Key Setup Tasks: Required Setups in Fusion Payments for Bank Statement Processing Required setups in Fusion Payments for Bank Statement Processing: – Manage Transmission Configurations – Manage Formats – Manage Code Map Groups • Payment Setup Details – Transmission Configuration: Define a transmission configuration to specify the parameters for transmitting a bank statement file. All rights reserved. They can be extended as required and new code map groups can also be created. Copyright © 2013.

3. IfIf you you need need to to modify modify aa seeded seeded format. currency. Transaction Transaction types types can can be be mapped mapped to to statement statement lines lines through through the the transaction transaction code code setup setup and and the the system system transactions transactions through through the the cash cash transaction transaction type type mapping mapping setup setup 5.Implementation Considerations Bank Accounts 1. mappings. Use Use defining defining attributes. changes. currency. Consider Consider assigning assigning aa unique unique GL GL cash cash account account to to each each bank bank account account to to record record all all cash cash transactions transactions to to facilitate facilitate book book to to bank bank reconciliation reconciliation Copyright © 2013. 1. 3. 1. 5. bank. such such as as bank. Bank Statement Transmission Setup 1. 2. 2. 4. Supports Supports one one format format for for each each of of the the 44 seeded seeded formats. make make aa copy copy and and then then make make changes. attributes. The The delivered delivered code code map map groups groups provide provide only only very very basic basic mappings. They They can can be be extended extended as as required required and and new new code code map map groups groups can can also also be be created created 4. All rights reserved. formats. Oracle and/or it’s affiliates. and and account account use use in in the the bank bank account account name name to to uniquely uniquely identify identify itit 2. Transaction Transaction codes codes must must be be defined defined for for both both manual manual and and electronic electronic bank bank statement statement processing processing . format. Define Define aa transmission transmission configuration configuration to to specify specify the the parameters parameters for for transmitting transmitting aa bank bank statement statement file file 2.

reconciliation. transactions. ItIt is is recommended recommended that that ifif all all other other criteria criteria in in aa rule rule is is the the same same that that one one to to one one match match type type rules rules be be sequenced sequenced above above rules rules of of other other match match types types Copyright © 2013. rate. All rights reserved. 2.Implementation Considerations Bank Statement Reconciliation 1. . 3. 3. 2. When When creating creating rule rule sets sets for for automatic automatic reconciliation. Consider Consider changing changing the the sequence sequence number number depending depending on on how how accurately accurately the the given given rule rule is is likely likely to to reconcile reconcile against against the the correct correct transactions. Oracle and/or it’s affiliates. rules rules should should be be ordered ordered to to achieve achieve aa greater greater reconciliation reconciliation success success rate. 1.

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