If you are using Oracle R12, you can automate your payment process using the Autopay feature. This feature allows you to schedule payments to be made automatically on a regular basis. You can set up Autopay to make payments based on invoice due dates, or you can schedule payments for a specific day of the month.
To set up Autopay, you first need to create a payment batch. A payment batch is a group of invoices that will be paid together. You can create a payment batch manually, or you can use the Autopay feature to create a payment batch automatically.
Once you have created a payment batch, you need to specify the payment method that will be used to make the payments. Oracle R12 provides a number of different payment methods, including checks, electronic funds transfers, and credit card payments.
Finally, you need to specify the payment schedule. You can choose to make payments weekly, biweekly, monthly, or on a specific day of the month.
Once you have set up Autopay, Oracle R12 will automatically make the payments on the specified schedule. You can view the payments that have been made by selecting the Autopay Payments task from the Navigator.
Other related questions:
How do I submit a payment process in Oracle R12?
There are a few ways to submit a payment process in Oracle R12. One way is to use the Submit Payment Processes concurrent program. Another way is to use the Payment Process Request window.
How do I schedule a payment process request?
To schedule a payment process request, you can use the Scheduled Payment Process Request page. This page can be accessed by selecting Financials > Common Forms > Payments > Schedule Payment Process Request.
What is payment process profile in Oracle Apps R12?
Payment Process Profile is used to process payments in Oracle Payables. It consists of the following elements:
– Payment Methods
– Payment Process Types
– Printing Options
– Payment Format
– Payment Instructions
– Check Stock
– Bank Accounts
What is quick payment in Oracle?
Quick payment is the process of paying invoices electronically. This can be done through a number of different methods, including credit cards, debit cards, and electronic checks. Quick payment can save businesses time and money by reducing the need to print and mail checks, and it can also help to improve cash flow by providing a faster way to receive payments.