6.2 View Finances

Using this option, the corporate user can view all the finance details associated the corporate party.

All those finances are displayed, where the logged-in party is the borrower. For a particular finance reference number, the user can also view additional details such as, invoices/purchase orders associated with the finance and details entered while requesting the finance.

Note:

Finance details can also be viewed using the Chatbot feature, either on a web browser or the mobile banking application. For more information on inquiring about finances using Chatbot, refer User Manual Oracle Banking Digital Experience Chatbot Mobile Banking Application.
User must have valid corporate login credentials.
To view and/or repay finances:

Navigation path:

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

  1. Navigate to the above path.
    The View Finances screen appears.

    Figure 6-3 View Finances - List of Finances


    View Finances - List of Finances

    Note:

    You can view the list of finances on a mobile device as well.

    Figure 6-4 View Finances (on mobile device)


    View Finances (on mobile device)

    Table 6-3 Field Description

    Field Name Description
    View Finances
    Party Name & ID Displays the name and ID of the logged-in corporate party.
    Search Enter the partial or complete reference number, or program name, or associated party name, of the finance(s) to be viewed.
    Download Click this link to download the list of finances in CSV format.

    Filter

    Click this icon to filter the finances based on finance reference number, transaction reference number, associated party name, program name, status, finance due date, and finance amount.

    A Search overlay window appears. Enter the search criteria and click Apply. The List of Finances is updated accordingly.

    Search overlay window


    Search overlay window

    The following fields are present in the Search overlay window.
    Finance Reference Number Indicates an option to search for finance records using the finance reference number.
    Transaction Reference Number Indicates an option to search for finance records using the transaction reference number.
    Counter Party Name Indicates an option to search for finance records that are associated with a specific counter party.
    Program Name Indicates an option to search for finance records that are associated with a particular program.
    Status

    Indicates an option to search for finance records that are in a particular status.

    The options are:

    • Partially Settled
    • Disbursed
    • Settled

    Note: Search for the ‘In Process’ and ‘Settlement in Process’ status is currently not supported.

    Finance Due Date Specify the date range in the From and To fields, within which the required finances are due.
    Finance Amount Range Select the currency and specify the amount range in the From and To fields to search for the required finances.

    List of Finances

    This section displays the list of finances of the logged-in corporate.
    Indicator Displays ‘I’ for a finance against invoice(s), ‘D’ for a finance against debit note(s), and ‘P’ for a finance against purchase order(s).
    Associated Party Name Displays the counter party name.
    Program Name Displays the name of the program.
    Finance Reference Number

    Displays the finance reference number of the respective record.

    Click on the reference number link to view the finance details. For more information, refer the View Finance (details) section below.

    Due Date Displays the due date of the finance.
    Transaction Reference Number Displays the transaction reference number of the finance.
    Financed Amount

    Displays the financed amount along with the currency.

    The funds credit status is also displayed below the finance amount. This status provides information of whether the disbursed funds have been credited to the recipient, or have been initiated, or have failed.
    Outstanding Amount Displays the outstanding amount of the finance.
    Repayment Amount

    Displays the amount to be repaid for the finance.

    Click on the link to view the Interest Amount and Principal Amount.
    Status

    Displays the status of the finance.

    The options are:

    • Partially Settled
    • Disbursed
    • Settled
    • Disbursement In Process
    • Settlement In Process
    • Others
  2. Enter the search criteria.
  3. Click Search. A list of finances appears based on the search criteria. Or, click Clear to reset the search parameters.

    Note:

    1. By default, the finance details associated with the Corporate ID are displayed.

    2. In case you are viewing the finances on a mobile device, use the Search field, or the filter options (Filter) to find the required finances

  4. To download the list of finances, click Download.

    Note:

    In case you are viewing the finances on a mobile device, click Download to download the list of finances.
  5. Click on the Finance Reference Number link to view the finance details.
    The View Finance screen with additional details of that particular finance record appears.

    View Finance (details)

    Figure 6-5 View Finance (details)


    View Finance (details)

    Figure 6-6 View Finance Details (on mobile device)


    View Finance Details (on mobile device)

    Note:

    The View Finance details screen consists of the following tabs:

    • Outstanding Details
    • Settlement Details
    • Linked Invoices/Debit Notes or Linked Purchase Orders
    • Charges

    A finance can only be disbursed against one instrument, at a time.

    Table 6-4 Field Description

    Field Name Description
    View Finance
    Party Name & ID Displays the name and ID of the logged-in corporate party.

    Finance Reference Number

    Status

    		 Displays the finance reference number of the finance record. Also displays the status of the finance.
    Finance Date Displays the date on which the finance has been availed.
    Finance Amount Displays the amount that has been financed.
    Finance Based on Displays whether the finance is based on an invoice or debit note or purchase order.
    Interest Rate Displays the rate of interest of the finance.
    Maturity Date Displays the date on which the finance matures.
    The following fields appear if you click the More Information link. You can hide the fields by clicking the Less Information link.
    Program Name Displays the name of the program under which the finance has been requested.
    Associated Party Name Displays the name of the counter party whose invoice has been financed.
    Product Name Displays the name of the selected product for the finance.
    Comments Displays the comments.
    Recipient Details
    Beneficiary Name Displays the name of the beneficiary of the finance amount.
    Beneficiary Account Number Displays the account number that the finance amount has been credited to.
    Bank Routing Number or Code Displays the routing number / code that identifies the beneficiary’s bank.
    Documents Displays a list of document names that have been uploaded for the finance. These names are hyperlinks. You can click each hyperlink to download the respective document.

Figure 6-7 View Finance – Outstanding Details tab


View Finance – Outstanding Details tab

Table 6-5 Field Description

Field Name Description
Outstanding Details tab
Principal Amount Displays the principal amount of the outstanding payment.
Interest Charged Displays the interest to be charged against the outstanding principal amount.
Overdue Interest Displays any overdue interest against the outstanding principal amount.

View Finance – Settlement Details tab

Note:

This tab appears once the repayment of the finance is successfully executed.

Table 6-6 Field Description

Field Name Description

Settlement Details tab

This tab appears when the finance settlement is successfully executed. There can be multiple settlements against a single finance.
Settlement Reference No. Displays the reference number of the settlement, as fetched from the Host.
Value Date Displays the value date of the settlement, as fetched from the Host.
Settlement Amount Displays the settlement amount, as fetched from the Host.
Interest Refund Amount Displays the interest amount to be refunded. Click the More Options (More Options) icon beside the amount to view the Bank Account Number, Bank Account Name, and Bank Routing Number and Code where the amount is to be refunded.
Settlement Mode Displays the mode used for settlement, as fetched from the Host.
Appropriation Sequence Displays the sequence of settlement, with respect to repayment of principal and interest.

Figure 6-8 View Finance – Linked Invoices/Debit Notes tab


View Finance – Linked Invoices/Debit Notes tab

Note:

This tab appears only when the finance amount has been disbursed against invoice(s)/debit note(s).

Table 6-7 Field Description

Field Name Description
Linked Invoices/Debit Notes tab
Indicator Displays ‘I’ for invoice and ‘D’ for debit note.
Host Reference Number Displays the reference number of the invoice/debit note that has been financed. This is a hyperlink which when clicked displays the invoice/debit note details. For more information on the invoice details displayed, refer View Invoice Details section / View Debit Note Details section in User Manual Oracle Banking Digital Experience Receivables Payables Management.
Customer Invoice Number Displays the customer’s reference number of the invoice/debit note.
Due Date Displays the due date by which the invoice/debit note must be paid.
Amount Displays the invoice/debit note amount.
Financed Amount Displays the amount that has been financed.
Status Displays the status of the invoice/debit note.

Figure 6-9 View Finance – Linked Purchase Order tab


View Finance – Linked Purchase Order tab

Note:

This tab appears only when the finance amount has been disbursed against purchase order(s).

Table 6-8 Field Description

Field Name Description
Linked Purchase Order tab
Purchase Order Reference No. Displays the reference number of the purchase order that has been financed. This is a hyperlink which when clicked displays the purchase order details. For more information on the invoice details displayed, refer View Purchase Order (details) section in User Manual Oracle Banking Digital Experience Receivables Payables Management.
Customer Purchase Order Number Displays the customer’s reference number of the purchase order.
Purchase Order Date Displays the date of creation of the purchase order.
Purchase Order Amount Displays the purchase order amount.
Financed Amount Displays the amount that has been financed.
Status Displays the status of the purchase order.

View Finance – Charges tab

Table 6-9 Field Description

Field Name Description
Date Displays the date of charge collection.
Description Displays the description of the charge.
Event Displays the event for which the charge is being collected.
Type Displays the type of the charge.
Account Number Displays the account number to be debited for the charge.
Amount Displays the charge amount.

  1. Click Repay Finance to settle the finance, if required. The Finance Repayment screen appears. For more information, refer the Finance Repayment transaction.

    Note:

    The Repay Finance button appears only if there is an outstanding amount to be repaid, and if the status of the Finance is Disbursed.
    • Click Cancel to cancel the transaction, and navigate to the dashboard.
    • Click Back to navigate to the previous screen.

Parent topic: Finance Management