Payables & Cash Management

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Topic

    PK
    Alert mechanism during making a paymentAnswered
    Topic posted July 22, 2019 by PKRed Ribbon: 250+ Points, tagged Financials, Intercompany, Payables, Receivables 
    53 Views, 3 Comments
    Title:
    Alert mechanism during making a payment
    Summary:
    Alert mechanism during making a payment
    Content:

    We are a group of company across various industry segments currently configuring Oracle Cloud ERP/SCM.

     

    In our business some suppliers from one Legal entity are the customer for another legal entity(Master data are common across the legal entities) and we have  multiple situations where we have an outstanding customer bills to be Received  and also supplier bills which needs to be paid for the same party. in such situation we would like to have an alert mechanism which show us a message while we are making the payment for the supplier that an outstanding amount is due from the same party for other legal entity.

     

    Do we have such existing functionality in R13(19B) version or is it configurable.

     

    Anyone have any ideas on this?

     

    Thanks in advance for any pointers

    Version:
    R13(19B/19C)

    Best Comment

    Julien Dubouis

    Hi,
    It is not technically possible to do netting between legal entities, to be honest I am not even sure in which country this would be legal. If suppliers and customers are trading with the same LE, you could do netting agreements, and you would have to run the netting campaigns before proceeding to the AP payments because there wouldn't be any warning message.
    Thanks

    Comment

     

    • Becky Alvarez

      Have you looked into the Netting functionality?  I have attached a document that is for EMIA but should offer some insight.  Hope this is of some assistance.

    • Julien Dubouis

      Hi,
      It is not technically possible to do netting between legal entities, to be honest I am not even sure in which country this would be legal. If suppliers and customers are trading with the same LE, you could do netting agreements, and you would have to run the netting campaigns before proceeding to the AP payments because there wouldn't be any warning message.
      Thanks

    • Becky Alvarez

      Thanks for clarifying that Julien.