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Frederic Portal Product Strategy Manager

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Frederic Portal Product Strategy Manager

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  1. The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decision. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.

  2. PeopleSoft Payables 9.0 & Looking Ahead to 9.1 Frederic PortalProduct Strategy Manager Ramakrishnan Balaji Product Strategy Manager “This presentation is for informational purposes only and may not be incorporated into a contract or agreement.”

  3. <Insert Picture Here> Agenda • Release 9 Features for AP • Financial Sanction Validation • Support for Partial 224 requirements for FSIO • Voucher/VAT Enhancements • Mass Cancellation/ ACH pre-note • Withholding Enhancements • Digital Signature • OBIEE • 9.1 Feature Source • Additional Resources

  4. Sustainable Compliance • Patriot Act – What Is It? • Terms • OFAC – Office of Foreign Asset Control • SDN – Specially Designated National • Financial Sanctions “This presentation is for informational purposes only and may not be incorporated into a contract or agreement.”

  5. Sustainable Compliance Patriot Act Compliance Benefits • Reduces exposure for business transactions with Denied Parties • Avoid costly fines and possible prosecution

  6. Financial Sanction ValidationFeature highlights • Interface to Sanction listing and inquiry • Installation options to enable Financial Sanctions validation (bank or installation level) • Push button to call validation when a single vendor is entered (vendor set control) • Validate when voucher is saved and in pay cycle • Run validation against vendor database ad hoc

  7. Financial Sanction ValidationPatriot Act Compliance • Multiple Lists are Supported including • SDN & Blocked Persons • OFAC Sanctioned Countries, including Major Cities & Ports* • Department of State Trade Control (DTC) Debarred Parties • U.S. Bureau of Industry & Security (formerly BXA) - • Denied Entities List • Denied Persons List • FBI Most Wanted Terrorists & Seeking Information • FBI Top Ten Most Wanted • INTERPOL Most Wanted List • Bank of England Sanctions List • United Nations Consolidated Sanctions List • World Bank Ineligible Firms • European Union Terrorism List • Management Screens to Review Downloaded Data • “Matches” Flagged For Review

  8. Financial Sanction ValidationSetup and Process SETUP PROCESSES Installation Options Vendor Bank Payment Automated process

  9. Matching Financial Sanction Validation Process PROCESSES Insure Compliance Supplier Creation Invoice Approval Invoice Creation Payment

  10. Registering Seller (same as adding a vendor) • Validate the name, address and remit vendor, • If a potential hit identified: a warning message • Supplier’s status automatically set to “Review” • Automatically update status to today’s date • Positive identification or clearing against a sanctions listing follows the same process as an AP vendor, it is set to block or cleared manually

  11. Patriot Act ComplianceSetup • Provide Mgmt Screens to Review Data • OFAC SDN Review Pages • Personalize Search Criteria • Displays Details of What Was Loaded into PS • Provide Search Screening Capabilities • OFAC SDN Search API • Application Class – Both Online and Batch Versions • Validates Names and Addresses • Returns “Matches” Flagged For Review • Download New Lists on Regular Basis • No Regularly Scheduled Updates • No Notification When New List if Published

  12. Financial Sanction Validation Installation Options Financial Sanctions set-up is accessed from this hyperlink

  13. Financial Sanction ValidationInstallation

  14. Financial Sanction ValidationBank Information

  15. Financial Sanction ValidationPayment Selection Criteria

  16. Financial Sanction ValidationVendor

  17. Financial Sanction ValidationVendor

  18. Financial Sanction ValidationVoucher Processing

  19. Financial Sanctions Validation

  20. Financial Sanctions • Under related pages you will find: • Import Financial Sanctions List • Financial Sanctions Inquiry

  21. Validation Log

  22. Pay Cycle Manager

  23. Load Financial Sanctions Data • Navigate to Banking  Financial Sanctions  Import Financial Sanction List • Make sure the File Path is accessible by the app server that is running this application. • Run the IMPORT_FILES Application Engine to load the SDN data.

  24. Load Financial Sanctions Data

  25. Inquire Financial Sanctions Data • Configurable Search interface to inquire the SDN data • Ability to save Search Criteria for later use. • SDN Type is a mandatory field to inquire.

  26. Inquiry

  27. SDN Search results

  28. Deliver Best-in-Class Business ProcessesPartial 224 Incremental Requirements • Providing a mechanism to identify AP cash reclassification transactions for Partial 224 reporting • Added a voucher reference field on the Voucher – Payment page which is used to specify the relationship between old voucher (cancelled payment) and the new one • Modified payment posting to populate a new Cash reclassification record with cash reclassification transactions • New component that will allow maintenance of the new Cash reclassification record

  29. Voucher and VAT Enhancements Feature highlights: • Changes to Comments hyperlink • Session Default available on Regular Voucher Page • Copy down logic on distribution line • Related document page on voucher page • Sales/Use Tax summary page • Additional links on Voucher/Payment Status Inquiry

  30. Voucher and Vat Enhancements Voucher Comments Note: If comments exceed 254 the system issues a warning message

  31. Voucher and Vat Enhancements Copy Option

  32. Voucher and VAT Enhancements Session Defaults

  33. Voucher and VAT Enhancements Session Defaults

  34. Voucher and VAT Enhancements Sales/Use Tax Summary

  35. Voucher and VAT Enhancements Sales/Use Tax Summary

  36. Voucher and VAT Enhancements Related Documents

  37. Voucher and VAT Enhancements Document Status Inquiry

  38. Voucher and VAT Enhancements Document Status Inquiry

  39. Voucher and VAT Enhancements Document Status Inquiry

  40. Voucher and VAT Enhancements VAT Enhancements

  41. Mass Cancellation/ACH Pre-note Feature highlights • Ability to cancel/escheat/undo cancel multiple payments • Similar look and feel as Voucher Mass Maintenance • Specify ACH or EFT at the vendor location as the payment output • Sent through FIN2025 or Financial Gateway • Same processing steps as EFT pre-note • ACH pre-notes can be sent to pay cycle from Expense • Pre-notes will be processed for the following layouts (PPD, CCD+ and CTX )

  42. Mass Cancellation/ACH Pre-note

  43. Mass Cancellation/ACH Pre-note

  44. Mass Cancellation/ACH Pre-note

  45. Mass Cancellation/ACH Pre-note

  46. Mass Cancellation/ACH Pre-note

  47. Mass Cancellation/ACH Pre-note

  48. Mass Cancellation/ACH Pre-note

  49. Mass Cancellation/ACH Pre-note Review Mass Cancel

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