Bank Transfer Overview (Oracle Payables)
Payments are usually transferred from the customer’s bank account to the supplier’s bank account. With bank transfer, an invoice is released for payment only
after the supplier’s bank sends a collection document for the related invoice to a customer. A
customer can either pay on the individual collection document or pay on several
collection documents listed on a report called a Bordero. The customer sends
this report to its bank for release of payment.
