Payables & Cash Management

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Topic

    Robert Taylor
    ERP Cloud R13 Direct Deposit Prenoting
    Topic posted August 29, 2018 by Robert Taylor, last edited January 30, 2019, tagged Financials, Payables 
    86 Views, 3 Comments
    Title:
    ERP Cloud R13 Direct Deposit Prenoting
    Summary:
    Looking for a recommendation for ERP Cloud R13 Direct Deposit Prenoting
    Content:

    ERP Cloud R13 AP does not provide out-of-the-box support to prenote supplier bank accounts. 

    Prenoting is needed to validate supplier bank accounts that are being entered for future direct deposit payments.

    Any suggestions for a custom solution to perform prenoting?

    Comment

     

    • Logan Wacker

      Prenoting without having out of the box functionality is going to be impossible in SaaS. Doable in PaaS.

      You could generate a pre note file much like we did in PeopleSoft or EBS, and based on the pre note processing, have it update table data (DBaaS thats supporting your PaaS instance), and then have it generate a report out lining what instructions are valid.  

    • Lori Culp

      We ran into the same problem.  As a work around we upload through a spreadsheet and create invoices for .01 and ask the supplier to confirm receipt.  This is similar to what PayPal does. 

      Hope this is useful.

       

       

    • Logan Wacker

      Lori points out a solid work around, and something I considered adding to the thread. The one issue some clients/customers have is its got dependencies on business process being followed by end users which can be variable and inconsistent, has different costs associated with the physical transaction, and in some cases causes audit issues etc.

      If you could net your .01 prenote payment with the first actual supplier payment then you'd save yourself some money over time. Granted a penny isn't much, it can build up and cause issues along the way.

      Deploying a PaaS solution just for this wouldn't make sense, it would have to be packaged with a number of other PaaS items to make it feasible.

      Good luck.