BANK PAYMENTS GENERATION

Configuration

The solution includes a configuration tool to create your own integration files. This powerful tool—the heart of the solution—can design and generate payment files in the formats or specifications banks require. You can design as many formats as you need.

Setup

You can set up payment formats for any country and any bank.

Standard process

Once the setup is complete, the Treasurer runs the Write and Update payment process in JD Edwards using the standard procedure.

File generation

The ITCROSS solution generates as many payment files as the setup indicates, using the information in the format requested by the bank.

You can generate TXT or XML files. Files are saved in the configured network location and can then be uploaded to the bank’s portal.

Automation

You can also choose a fully automated approach if your bank offers web services. We can create this connection for you.

Functionalities

Two functionalities are part of this solution:

• Payment file generation (AP)
• Bank statement import (CM)

Standard setup

The standard setup for both functionalities is designed and completed.

Format creation

Using BI Publisher, ITCROSS creates formats for every bank the company works with, allowing the ERP to generate payment files using the template provided by each bank.

When a bank statement format is not supported by Oracle Cloud, ITCROSS develops the OIC integration needed to import it.

Daily operation

The key user can easily generate bank payment files for any bank and country, using the format requested by the bank.

The key user can also import bank statements from any bank, even when the template is not a standard one.