Payables & Cash Management

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Topic

    chris wilding
    Reconciliation of Fusion Financials to Oracle FlexcubeAnswered
    Topic posted August 3, 2017 by chris wilding, last edited January 30, 2019, tagged Financials, Payables, Receivables 
    79 Views, 1 Comment
    Title:
    Reconciliation of Fusion Financials to Oracle Flexcube
    Summary:
    How to automate the payment and reconciliation process between the Fusion financial applications to the Oracle FLEXCUBE Core Banking application.
    Content:

     

    Problem Statement:

    As part of the Oracle Fusion Financial Cloud Applications implementation project for a Banking Group, there is a requirement to automate the payment and reconciliation process between the Fusion financial applications (Accounts Payables and Accounts Receivables) to the Oracle FLEXCUBE Core Banking application.  Below are the requirements that must be met by the proposed solution:

     

    1. The Accounts Payables and Accounts Receivables operations will be managed from the Fusion Cloud Applications and will integrate with FLEXCUBE to affect the payments using pre-determined bank accounts.
    2. The treasurer should be able to accurately determine the position of the bank accounts at any given point during a business day using FLEXCUBE.  This means there should not be a discrepancy between a bank account in FLEXCUBE and its equivalent in FUSION.  This will enable the treasurer to make funds allocation decisions effectively.
    3. FLEXCUBE will still be used as a general ledger for in-country financial reporting, but there should not be data feeds from Fusion financial applications to FLEXCUBE.
    4. Since FLEXCUBE will be regarded as a sub-ledger, i.e. their transactions will be posted as journals to the Fusion general ledger at end of day, the transactions as described in requirement 3 should not be duplicated in the Fusion general ledger.

    Best Comment

    Joe Gum

    That integration does not exist and is not planned.

    Comment