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Topic

    Ramesh Radhakrishnan
    Retainage and Retainage Release in Purchasing and APAnswered
    Topic posted April 16, 2018 by Ramesh RadhakrishnanBlack Diamond: 60,000+ Points, tagged How-To, Payables 
    296 Views, 4 Comments
    Title:
    Retainage and Retainage Release in Purchasing and AP
    Summary:
    Retainage and Retainage Release in Purchasing and AP
    Content:

    Hi,

     

    I would like to know if there is Retainage and Retainage Release in Purchasing and AP in R13? In the EBS version there used to be Complex Work Procurement.

     

    Thanks

    Ramesh

    Best Comment

    Ramesh Radhakrishnan

    Hi Ivan,

    Thanks for the update. I will review the altrenate solution provided and see if this will fit the business needs.

    Regards

    Ramesh

    Comment

     

    • Ivan Pena

      Hi Ramesh,

      Retainage is currently not supported. Please refer to this post for a possible workaround:

      https://cloudcustomerconnect.oracle.com/posts/c2a4c83fd3

      Ivan

       

    • Ramesh Radhakrishnan

      Hi Ivan,

      Thanks for the update. I will review the altrenate solution provided and see if this will fit the business needs.

      Regards

      Ramesh

    • Tami Carey

      We also have the need for retainage in Oracle Fusion, this is a step back from our Legacy System.  The Workarounds are not practical.  We pay on a percentage complete at the end of each month for each line item, not on completed milestones and setting companies up as a withholding tax entity, we pay too many different companies to do this.  Please people comment on this more, we need Oracle to fix this problem.

    • Alan Rowland

      Those of you interested in this functionality might want to follow this thread - [Under Oracle Review] Complex services PO functionality -  https://cloudcustomerconnect.oracle.com/posts/0d51660718