Lease Payables Invoice Processing

Set up payment templates to configure whether to automatically create lease invoices in Payables for payment processing. Lessees often work with lessors who create their own invoice and send it to the lessee to receive payment. Lessees then make payments against the supplier invoice instead of generating a self-billing invoice.

Lease administrators can use the Generate Invoices checkbox in the Create Expense Payment Template and Update Payment Details pages to control the automatic creation of Payables invoices for lease payments.

Create Expense Payment Template page

Create Expense Payment Template page

Update Payment Details page

Update Payment Details page

Business Benefits:

  • Reduce effort to pay suppliers and lessors for lease related charges.
  • Increase control over invoice generation and payments to lessors through integration with the Oracle Payables module.
  • Expedite payments and reduce late fees by paying against the supplier provided invoice.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Financials  No Longer Optional From: Update 25A

Access Requirements

You do not need any new role or privilege access to set up and use this feature.