6.1 Request Finance

Using this option, corporates can raise funds from the bank, for business activities like paying off liabilities, or gaining liquidity to start production of a new order.

These funds are arranged by availing finance against invoices/purchase orders.

The corporate user can avail finance against multiple invoices/purchase orders associated with a particular ‘program and counter party’ combination. Finance can only be availed by the borrower in the program. The borrower is determined by the Program Type selected during the creation of the Program

• User must have valid corporate login credentials.
• The borrowing party must be set as the borrower in the program associated with the invoice/purchase order.

To request finance for an invoice/debit note or purchase order:

Navigation path:

From the Dashboard, click the Toggle Menu, then click Supply Chain Finance, Finance Management, and Request Finance.

1. Navigate to the above path.

   Figure 6-1 Request Finance

   
   

   

   
   

   Table 6-1 Field Description

   Field Name	Description
   Request Finance
   Party Name & ID	Displays the name and ID of the logged-in corporate party.
   Request Finance through	Select the instrument to be financed. The options are: Invoice/Debit Note Purchase Order
   Program Name	Select the name of the program under which the instrument should be financed. This list displays all programs linked with the logged-in party.
   Associated Party Name	Select the required party associated with the invoice/debit note or purchase order to be financed. This list displays the counter parties linked to the selected program.
   Currency to be disbursed	Select the currency in which the finance amount is to be disbursed.
   Limits graph	A graph displaying the associated supply chain limits details is presented on the right hand side of the screen. Click the View Details link to get detailed information on the limits. Refer the View Limits section for more information.

2. In the Request Finance screen, select the instrument to be financed, whether Invoice/Debit Note or Purchase Order.
3. Once the above details are entered, click Submit to submit the request. Based on the entered data, a list of financeable invoices/debit notes or purchase orders is displayed. Or, click Clear to reset the entered data.

   Figure 6-2 Select Invoices/Debit Notes

   
   

   

   
   

   Note:

   This section displays a list of invoices/debit notes which are either not financed or are partially financed. Invoices/debit notes that have already been financed, are not listed. (A similar list is displayed for purchase orders, if you select the Purchase Order option in Request Finance through field.)

   Table 6-2 Field Description

   Field Name	Description
   Select Invoices/Debit Notes / Select Purchase Order Displays a list of invoices/debit notes or purchase orders with Status as Accepted / Partially Financed and Payment Status of Unpaid / Partially Paid. Note: Invoices/Debit Notes and Purchase Orders that are not linked to any program will not appear here. You can use the click here link to do the linking.
   If you are financing invoices/debit notes, then the following details are displayed for each record.
   Search	Indicates an option to search for invoices/debit notes by entering the partial or full reference number, amount and so on.
   Select	Select the check box(es) against one or multiple invoices/debit notes of same or different currency to request finance. Based on the selection Total Selected, Total Amount in Disbursed Currency, and Amount Requested for Finance are updated.
   Reference Number	Displays the reference number of the invoice/debit note. This is a hyperlink which when clicked, displays the details of the invoice/debit note in an overlay window. For more information, refer the View Invoice Details / View Debit Note details section in User Manual Oracle Banking Digital Experience Receivables Payables Management.
   Due Date	Displays the invoice/debit note due date.
   Amount	Displays the total invoice/debit note amount.
   Accepted Amount	Displays the amount that has been accepted.
   Outstanding Amount	Displays the amount that is to be paid.
   Max Finance Amount	Displays the maximum amount that can be financed.
   Amount in Disbursement Currency	Displays the maximum amount that can be financed, post-conversion to the disbursement currency. The exchange rate is also displayed.
   Total Selected	Displays the total number of invoices/debit notes selected for financing.
   Total Amount in Disbursed Currency	Displays the total amount to be financed, in the disbursement currency.
   Amount Requested for Finance	Displays the finance amount being requested.
   Upload Documents	Click the upload icon to upload a document related to the finance being requested. The maximum allowed size for each document is 2MB. The supported formats are: PNG, JPG, JPEG, and PDF. Once a document is uploaded, the name of the document appears as a hyperlink, which can be clicked to open (or save) it. The delete () icon also appears beside the document, which can be used to delete the uploaded document.
   If you are financing purchase orders, then the following details are displayed for each purchase order record.
   Search	Indicates an option to search for purchase orders by entering the partial or full reference number, amount and so on.
   Select	Select the check box(es) against one or multiple purchase orders of same or different currency to request finance. Based on the selection Total Selected Purchase Order, Total Amount in Disbursed Currency, and Amount Requested for Finance are updated.
   Purchase Order Number	Displays the unique reference number of the purchase order. This is a hyperlink which when clicked, displays the details of the purchase order, in an overlay window. For more information, refer the View Purchase Order section in User Manual Oracle Banking Digital Experience Receivables Payables Management.
   Purchase Order Date	Displays the date of creation of the purchase order.
   Purchase Order Amount	Displays the total purchase order amount.
   Accepted Purchase Order Amount	Displays the amount that has been accepted.
   Outstanding Amount	Displays the amount that is to be paid.
   Max Finance Amount	Displays the maximum amount that can be financed.
   Amount in Disbursement Currency	Displays the maximum amount that can be financed, post-conversion to the disbursement currency. The exchange rate is also displayed.
   Total Selected Purchase Order	Displays the total number of purchase orders selected for financing.
   Total Amount in Disbursed Currency	Displays the total amount to be financed, in the disbursement currency.
   Amount Requested for Finance	Displays the finance amount being requested.
   Upload Documents	Click the upload icon to upload a document related to the finance being requested. The maximum allowed size for each document is 2MB. The supported formats are: PNG, JPG, JPEG, and PDF. Once a document is uploaded, the name of the document appears as a hyperlink, which can be clicked to open (or save) it. The delete () icon also appears beside the document, which can be used to delete the uploaded document.

4. Select the check box(es) against the invoice(s)/debit note(s) or purchase order(s) to be financed.
5. Upload relevant documents.
6. Click Request Finance. The Review screen appears. Or, click Cancel to cancel the transaction
7. In the Review screen, verify the details, and click Confirm. A Confirmation message of request initiation appears along with the reference number. Or, do one of the following:
   • Click Back to navigate back to the previous screen.
   • Click Cancel to cancel the transaction.
8. Click the View Finances link to view a list of finances with their status. Or, do one of the following:
   • Click the Supply Chain Overview link to go to the Supply Chain Finance dashboard.
   • Click the Go to Dashboard link to go to the main dashboard.