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Payment Integration in Oracle Fusion

Oracle Fusion allows for electronic and check payments to suppliers through its payables and payment modules. Configuration is required to set up payment file formats, transmission methods like SFTP directly to banks, payment systems, and payment process profiles. Connections like SOAP and SFTP need to be set up to trigger integrations and write payment files to FTP servers. High level, invoices are batched for payment, a file is extracted and transmitted to a third party payment service for electronic payments or checks through banks, and status updates are sent back to Oracle Fusion for posting.

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Md Muzaffar
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546 views

Payment Integration in Oracle Fusion

Oracle Fusion allows for electronic and check payments to suppliers through its payables and payment modules. Configuration is required to set up payment file formats, transmission methods like SFTP directly to banks, payment systems, and payment process profiles. Connections like SOAP and SFTP need to be set up to trigger integrations and write payment files to FTP servers. High level, invoices are batched for payment, a file is extracted and transmitted to a third party payment service for electronic payments or checks through banks, and status updates are sent back to Oracle Fusion for posting.

Uploaded by

Md Muzaffar
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Payment Integration in Oracle

Fusion
January 4, 2021 by admin
In Oracle fusion there are lot of option to make payment to Supplier .You can do
payment Integration in oracle fusion with various third party tool to directly
transmit payment instruction to your disbursement bank.

In ERP Cloud, the fusion payables and payment modules has ability to process
the payment electronically or with a check payment

there are some configuration you need to perform to achieve this

You can create a payment file in a format that is specific to a banking financial
institution by leveraging the BI Publisher custom templates. Select the format
type as -Disbursement Payment File format

The payment module also support the delivery of payment file in a secure
manner via SFTP directly to a third party process or disbursement bank.Setup
required for this are below

1.Payment transmission setup


Select a protocol and provide the required parameter

2.Payment System Setup

you can create your own payment system or use any of the seeded payment
system
3.Payment Process Profile setup

How to create a connection


The first thing to do is the create the connections to the endpoints required for
the integration.  For this integration we will create two required connections
1. SOAP connection.  This connection is what will be used by the MFT
to trigger the integration as soon as the file arrives in the specified
directory within the MFT
SOAP is called Simple Object Access Protocol. Primarily It is a message protocol
which helps distributed elements of an application to communicate.

1. SFTP connection: This connection will be used to write the file to an


output directory within the FTP server. 
The high-level approach for interfacing payment file can be covered in below
step

 Invoices are processed in batch payment functionality and payment


status is confirmed in Oracle Fusion
 Create a custom process to extracts the relevant vendor, payment
and bank information into a file for monitoring
 The file is transmitted and imported into any third party Payment
service tool
 Payment tool sends appropriate disbursement files to the banks for
electronic payments and process their rejection or approval
responses and sending back
 Transaction status reports are automatically generated and sent back
to Oracle fusion ERP
 Generation of accounting entries and their posting to GL will happen
in Oracle Fusion ERP. 

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