16. Vendors

During the life of an account, a financial institution might require the use of specialized services of a vendor for various purposes; for example, repossessing a vehicle, retaining an attorney for bankruptcy court proceedings or making field calls. With the system’s Vendors screen, you can:

Once an invoice has been presented for a service performed by a vendor, you can enter information on Vendor Management form and create a monetary transaction. You can then choose if the customer should pay any particular expense or not.

The Vendors screen allows you to set up vendor information. You can also use the copy feature to quickly create new vendors with the existing details. By default it will show current address but if the vendor receives escrow disbursement at an address which is different from current business address the information can be entered in Payment Details sub screen. Also, the Payment Details sub screen allows you to enter number of days prior to the due date by which payment to vendor must be processed.

Navigating to Vendor Detail Screen

  1. On the Oracle Financial Services Lending and Leasing home screen, click Origination > Origination > Vendors.
  2. The system displays the Vendor screen. The details are grouped under four tabs:

16.1 Vendors tab

  1. Click Origination > Origination > Vendors > Vendors. The details in the screen are grouped into the following tabs:
  1. In the Origination > Origination > Vendors > Vendors > Vendor Details section, you can create or edit vendor details. While creating new, you can also use the copy feature to copy the existing details to new vendor. The copy option in the Vendor Details screen is controlled by the system defined parameter (UVN_VEN_NBR_SYS_GENERATED). Based on the valued defined for the parameter in Setup > Administration > System > System Parameter screen, you can copy the existing vendor details in the following ways:
  1. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Enabled

Check this box to enable the vendor.

Vendor #

The vendor number is either editable (default) or auto generated depending on the system parameter defined at setup screen.

System auto generates the vendor number when the following sys­tem parameter is set to ‘Yes’ in Setup > Administration > System > System Parameter screen.

- Parameter: UVN_VEN_NBR_SYS_GENERATED

- Description: VENDOR NUMBER IS SYSTEM GENERATED

Channel

Select the vendor channel from the drop-down list.

Old Vendor #

Displays the old vendor number if exists.

Name

Specify the vendor name.

Status

Select the vendor status from the drop-down list.

Company

Select the vendor portfolio company from the drop-down list.

Branch

Select the vendor portfolio branch from the drop-down list.

Start Dt

Specify the vendor start date. You can select data even from the adjacent Calendar icon.

End Dt

Specify the vendor end date. You can select data even from the adjacent Calendar icon.

Contact Person

Specify the vendor contact name.

Fed Tax #

If available, enter the vendor federal tax identification number. If the organizational parameter UIX_HIDE_RESTRICTED_DATA is set to Y, this appears as a masked number; for example, XXXXX1234.

Credit Days

Specify the credit days for the vendor invoice. This number is used to check that Invoice Due Date is not more than the credit days from Invoice Date.

Permission to Call

Check this box if customer has provided permission to contact through the specified phone number. When selected, system auto validates this option against the phone number specified.

Permission to Text

Check this box if customer has provided permission to contact through text message.

Phone 1

Specify primary phone number.

Extn 1

Specify the primary phone extension.

Permission to Call

Check this box if customer has provided permission to contact through the specified phone number. When selected, system auto validates this option against the phone number specified.

Permission to Text

Check this box if customer has provided permission to contact through text message.

Phone 2

Specify alternate phone number.

Extn 2

Specify the alternate phone’s extension.

Fax

Specify the fax number.

Fax 2

Specify the fax number 2.

Country

Select the country code from the drop-down list.

Address #

Specify the vendor address.

Address Line 1

Specify address line 1.

Address Line 2

Specify address line 2.

Zip

Select the zip code from the drop-down list.

Zip Extn

Specify the extension of the Zip code.

City

Specify the city.

State

Select the state from the drop-down list.

Email

Specify the email address.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.1.1 Payment Details

Click Origination > Origination > Vendors > Vendors > Vendor Details > Payment Details. The Payment Details sub tab allows you to set up automatic clearing house information for vendors.

On the Payment Details sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Remittance section

Country

Select the country code from the drop-down list.

Address Line 1

Specify address line 1.

Address Line 2

Specify address line 2.

Zip

Specify zip code from the drop-down list.

Zip Extn

Specify extension of the zip code.

City

Specify city.

State

Select state from the drop-down list.

Pre-Process Days

Specify the remittance pre-process days. This is the number of days prior to due date by which payment to the vendor must be processed.

Currency

View the currency attached to vendor.

Payment Details section

Mode

Select the mode of payment from the drop-down list.

Bank

Specify the ACH bank.

Start Dt

View ACH start date.

Routing #

Specify the bank routing number.

Account Type

Select the account type from the drop-down list.

Account #

Specify the account number. If the organizational parameter UIX­_HIDE_RESTRICTED_DATA is set to ‘Y’, this appears as a masked number; for example, XXXXX1234.

BIC

Select the Business Identifier Code from the drop-down list. The list displays the BIC codes defined in the system.

IBAN

Specify the IBAN (International Bank Account Number). IBAN is used for identifying bank accounts across national borders with a minimal of risk of propagating transcription errors.

Ensure that value entered satisfies the check-digit validation based on modulo 97. On save, system automatically validates the IBAN number length based on country code, characters, white spaces, and checksum. Validation is also done during post­ing non-monetary transaction (ACH Maintenance).

You can maintain the IBAN length and other details required as per the country code in the user defined table (Setup > Adminis­tration > System > User Defined Tables).

Note: IBAN for 'NL' country code (IBAN_FORMAT_NL) is defined by default with length of IBAN as 18.

Disbursement Currency

Select the disbursement currency for vendor payment from the drop-down list. The list displays all the available currencies appli­cable to the vendor.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.1.2 Vendor Groups

Click Origination > Origination > Vendors > Vendors > Vendor Details > Vendor Groups. The Vendors Groups allows you to set up vendor groups.

On the Vendor Groups section, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Sort

Specify sort sequence.

Group

Select the vendor type to which the vendor belongs from drop-down list, based on services provided by the vendor.

Enabled

Check this box to enable the vendor service.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.1.3 Tracking Attributes

Click Origination > Origination > Vendors > Vendors > Vendor Details > Tracking Attributes. The Tracking Attributes allows you to load tracking attributes and define the parameter value for various parameters listed.

On the Tracking Attributes sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Sub-Param­eter

View the Sub-Parameter.

Parameter

View the listed Parameter.

Value

Specify the required parameter value. By default, NA is displayed.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.1.4 Comments

Click Origination > Origination > Vendors > Vendors > Vendor Details > Comments. The Comments sub tab allows you to add comments and also view comments posted through AP interface.

On the Comments sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Comment

View or add the required comment.

Comment By

System automatically selects the logged in user details.

Comment Dt

System automatically displays the current date.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.2 Assignment Allocation

The Assignment Allocation tab allows you to define criteria for selecting a specific vendor to execute a work order. A criteria here refers to a combination of a Channel, Work Order Type, Company and Branch associated to a vendor. If the same combination or criteria is selected during work order creation, system selects a specific vendor or highest weighted vendor in the list by default for the work order.

Click Origination > Origination > Vendors > Assignment Allocation. The details are grouped under two sections:

16.2.1 Vendor Assignment Criteria

In the Vendor Assignment Criteria section, you can define the criteria used for vendor selection.

  1. In the Origination > Origination > Vendors > Work Order > Assignment Allocation, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Channel

Select the OFSLL interfaced channel from the drop-down list.

If the channel is selected as ‘GENERIC RECOVERY INTERFACE’, the work order is processed through an external system. For more information, refer to Appendix chapter - ‘Generic Recovery Interface (GRI)’.

Work Order Type

Select the work order type from the drop-down list.

Repo Storage Country

This field is available only if the channel is selected as ‘GENERIC AUCTION INTERFACE’. Select the Country where the repossessed asset is currently stored from the drop-down list.

Repo Storage State

This field is available only if the channel is selected as ‘GENERIC AUCTION INTERFACE’. Select the State where the repossessed asset is currently stored from the drop-down list.

Company

Select the Company from the drop-down list.

Branch

Select the company’s Branch from the drop-down list.

Enabled

Check this box to enable the vendor assignment criteria.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.2.2 Vendor Assignment Allocation

In the Vendor Assignment Allocation section, system fetches the list of vendors qualifying the combination of channel, work order, company and branch selected and allows you to define the weightage for each vendor in percentage.

By default, the allocated assignment percentage for each vendor is ‘0’. During subsequent update, the total of assignment percentage allocation for all vendors should be equal to ‘100’. A vendor with the highest weightage is selected by default during work order creation.

For ‘GENERIC AUCTION INTERFACE’ related Vendor Assignment Criteria, you can add vendors to the defined criteria from ‘Vendor Assignment Allocation’ section. For more information, refer to ‘Remarketing’ chapter in Collections User Guide.

  1. In the Origination > Origination > Vendors > Work Order > Assignment Allocation, perform any of the Basic Operations mentioned in Navigation chapter.

    Field:

    Do this:

    Vendor #

    View the Vendor number. The same is either specified manually or system generated in the Vendors tab.

    Name

    View the name of the vendor.

    Assigned Cases

    View the total number of cases assigned to the vendor.

    % Allocation

    View the percentage of total cases assigned to the vendor.

    Assignment %

    Specify the percentage allocation value (out of 100) for each vendor. However, ensure that the total of all assignment % is equal to ‘100’.
  2. Perform any of the Basic Actions mentioned in Navigation chapter.

16.3 Work Orders Tab

The Work Orders link allows you to assign an account to a vendor for a service that the vendor provides, view the history of work order changes and define tracking attributes.

  1. Click Origination > Origination > Vendors > Work Order. The details are grouped under three tabs:
  1. In the Origination > Origination > Vendors > Work Order > Work Order, sort the list of work orders based on status using the ‘View Options’ drop down list. You can further sort the list of work orders based on elapsed days by selecting the ‘View Last’ option as 1 Day / 1 Week / 1 Month / By Date. When ‘By Date’ is selected you can specify a date range (within 3 months) in ‘Start Dt’ and ‘End Dt’ fields using the adjoining calendar and clicking ‘Search’.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Work Order #

Displays the work order number.

Case #

Displays the case number received from third party vendor interface.

Channel

Select the OFSLL interfaced channel from the drop-down list.

If the channel is selected as ‘GENERIC RECOVERY INTERFACE’, the work order is processed through an external system. For more information, refer to Appendix chapter - ‘Generic Recovery Interface (GRI)’.

Work Order Type

Select the work order type from the drop-down list.

Account

Select account number for the work order from the drop-down list.

Company

Displays the company name based on the account selected.

Branch

Displays the branch based on the account selected.

Vendor

Select vendor who will service the work order from the drop-down list. The list of vendors are displayed based on the selected Chan­nel, Work Order Type, and Account.

Override Rea­son

In case of vendor re-assignment, select the appropriate override reason for the selected Vendor.

Status

Select the work order status from the drop-down list.

If the status is selected as ‘SEND TO GRI’, the work order is pro­cessed through an external system. For more information, refer to Appendix chapter - ‘Generic Recovery Interface (GRI)’.

Reason

This field is enabled only if the status of work order is selected as PENDING ON HOLD, RL RELEASED , or PENDING CLOSE. You can select the appropriate reason from the drop-down list.

Collector

Select the Collector from the drop-down list. The list displays all the users defined with ‘Collector’ responsibility.

Work Order Details section

Dt

Displays the date when work order was created.

Status Dt

Displays the last work order status-change date.

Currency

Displays the vendor company currency based on the vendor selected.

Estimated

Displays the estimated amount, which is the sum of all the services added to the work order.

Billed

Displays amount billed by the vendor for the work order.

Paid

Displays amount paid to the vendor for the work order.

Reference #

Specify vendor reference details if any.

Assigned By

Displays the user who created/assigned the work order to vendor.

Followup Dt

Select the subsequent follow-up date from adjoining calendar.

Account Information section - System displays the following information depending on the account selected for the work order in ‘Work Order’ section.

Account Status

Displays the status of the account.

Charged off Dt

Displays the date when the account was charged off.

Due Amt

Displays the due amount to be paid to the account.

Total Outstand­ing Balance

Displays either ‘Account outstanding principal balance’ for active accounts, or ‘Deficiency balance’ for charge-off accounts.

Total Due

Displays the total of all dues pending on the account.

Due Dt

Displays the last elapsed due date on the account.

Days Past Due

Displays the total number of days elapsed past due date.

Service Address

Displays the combined details of Customer/Business, Address Type and Address based on the account selected. For Business account only business address is populated. You can also select the required service address from the drop-down list only while creating work order details (i.e. when status = New).

Note: When selecting the service address for an external interfaced channel (i.e. changing primary address), ensure to select the sec­ondary address only. Else, system displays an error message.

Collateral Details section - This section displays the asset details associated with the work order.

Collateral Description

System displays the primary collateral associated with the account by default. You can also select the collateral from the drop-down list. The list displays all the assets associated with the account.

Identification #

Displays the identification number of the asset.

Year

Displays the manufacturing year of the asset.

Make

Displays the asset’s manufacturing company.

Model

Displays the asset’s model.

Vendor Information section

Contact

Specify the vendor contact for the work order.

Phone

Specify the vendor contact phone for the work order.

Extn

Specify the vendor contact phone extension for the work order.

Fax

Specify the vendor contact fax for the work order.

Comment

Specify any comments regarding the work order.

Vendor Messages section - This section is displayed only when the selected channel is ‘GENERIC RECOVERY INTERFACE’ and allows you to add specific communication or instructions as a message to the vendor.

Vendor Msg Type

Select the type of vendor message from the drop-down list.

Vendor Msg

Specify additional information that is to be communicated to the external interface.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.3.1 Services

In the Origination > Origination > Vendors > Work Order > Services, perform any of the Basic Operations mentioned in Navigation chapter.

Click ‘Load Services’ button in the Services section header to load all the services associated with the selected combination of ‘Work Order Type’ and ‘vendor (Vendor Group)’.

A brief description of the fields is given below:

Field:

Do this:

Service #

Specify an unique service number for the work order.

Service

Select the service type from the drop-down list (required).

Currency

System defaults the currency defined in work order which is the vendor currency.

Estimated

System defaults the Estimated cost of the service offered by the vendor as defined in vendor administration setup screen (Setup > Administra­tion > System > Vendors > Vendor Fees > Vendor Service Fee Defini­tion).

However, you can also modify the estimated value to the required amount.

Billed Amt

Displays amount billed by the vendor for the service.

Paid Amt

Displays amount paid to the vendor for the service.

Status

Select the status from the drop-down list.

Status Dt

Displays the last service status change date.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.3.2 Work Order History

The Work Order History sub tab displays the details of the selected work orders in the sequence of the changes done i.e. last change details appear as the first record.

In the Work Order History section, select the required work order and click View.

16.3.3 Tracking Attributes

Click Origination > Origination > Vendors > Work Order > Tracking Attributes. The Tracking Attributes allows you to load tracking attributes and define the parameter value for various parameters listed.

On the Tracking Attributes sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Sub-Param­eter

View the Sub-Parameter.

Parameter

View the listed Parameter.

Value

Specify the required parameter value. By default, NA is displayed.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.4 Follow-up Tab

The Work Orders link lists the work orders that are not complete and hence require follow-up.

  1. Click Origination > Origination > Vendors > Follow-up tab. The details are grouped into two:
  1. In the Origination > Origination > Vendors > Follow-up > Work Order Follow-up, perform any of the Basic Operations mentioned in Navigation chapter except for creating a new record.

A brief description of the fields is given below:

Field:

Do this:

Company

Displays the vendor company.

Branch

Displays the vendor branch.

Followup Dt

Specify the next follow-up date. You can even select the date from adjoining Calendar icon.

Work Order #

Displays the work order number.

Dt

Displays the work order date.

Account

Displays the account associated with the work order.

Vendor

Displays the vendor associated with the work order.

Status

Select the work order status from the drop-down list.

Status Dt

Displays the last work order status change date.

Work Order section

Currency

Displays the currency for the work order.

Estimated

Displays the estimated amount, which is the sum of all the services added to the work order.

Billed Amt

Displays amount billed by the vendor for the work order.

Paid

Displays amount paid to the vendor for the work order.

Vendor Information section

Contact

Displays the vendor contact name.

Phone

Displays the vendor contact phone number.

Extn

Displays the vendor contact phone number’s extension.

Comment

Specify a comment.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.4.1 Assigned Services

In the Origination > Origination > Vendors > Follow-up > Assigned Service, perform any of the Basic Operations mentioned in Navigation chapter except for creating a new record. A brief description of the fields is given below:

Field:

Do this:

Services

Displays the service provided by the vendor.

Currency

Select currency for the vendor from the drop-down list.

Estimated

Specify the estimated amount for the service.

Billed Amt

Specify amount billed by the vendor for the service.

Paid

Specify amount paid to the vendor for the service.

Status

Select the service status from the drop-down list.

Status Dt

Specify the last service status change date. You can even select the date from the adjoining Calendar icon.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.5 Invoices Tab

In the invoice tab of vendors screen, you can define invoices and process them along with internally generated and externally received invoices. Invoice processing involves validating the invoice information either manually or through an automated process.

Manual validation involves verifying the invoice information, accepting or rejecting the details, updating the invoice status and indicating if the invoiced amount is Collectible.

Auto validation is supported for invoices which are in ‘OPEN’ status and generated internally (i.e. channel = Internal). During auto validation, the invoice details are verified against specific business rules defined in the system and corresponding status update and collectible indicator is updated accordingly.

However, other invoices received from externally interfaced channel would get auto validated with specific business rules when they are received and corresponding status is appended to the invoice while listing in the Invoice Information section.

Post the validation, invoices may still have difference in estimated and invoiced amount. Such invoices are marked with status ‘FOR APPROVAL” and requires to be manually approved.

Further in the Invoices tab, you can define Tracking Attributes, Payment Schedules and view the Related Invoice/Work Orders (if any) in the system.

  1. Click Origination > Origination > Vendors > Invoices tab. The details are grouped into following sections:
  1. In the Origination > Origination > Vendors > Invoices > Invoice Information, sort the list of invoice based on status using the ‘View Options’ drop down list. You can further sort the list of invoice based on elapsed days by selecting the ‘View Last’ option as 1 Day / 1 Week / 1 Month / By Date. When ‘By Date’ is selected you can specify a date range (within 3 months) in ‘Start Dt’ and ‘End Dt’ fields using the adjoining calendar and clicking ‘Search’.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Vendor

Select the vendor name for whom the invoice is to be created.

Company

Displays the vendor portfolio company.

Branch

Displays the vendor portfolio branch.

Invoice #

Specify the invoice number.

The invoice number should be unique for every vendor. In case the Invoice # already exists for Vendor, system displays a warning message.

External Ref #

Specify the reference number which can be used for invoice tracking.

For invoice received from external system, this field is auto populated with the reference number generated in external interfaced system.

Invoice Dt

Specify the invoice date. You can even select the date from the adjoining Calendar icon.

Due Date

Select the due date. You can even select the date from the adjoining Calendar icon.

Status

Select the invoice status from the drop-down list.

Details section

Status Dt

Displays the last invoice status change date.

Address

Displays the vendor address.

Currency

Select the currency from the drop-down list.

Estimated

Displays the total estimated amount of all the invoices defined in ‘Invoice Details’ sub tab.

Invoice Amt

Displays the total invoice amount.

Agreed Amt

Displays the total agreed amount.

Paid Amt

Displays the total paid amount.

Channel

Displays the Channel as ‘Internal’ for manually defined or internally gen­erated invoice and ‘Generic Recovery Interface (GRI)’ for externally gen­erated invoice.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.5.1 Auto Validate Invoice

You can auto validate the invoice details in the Invoice Information section for those invoice which are in ‘OPEN’ status. Auto validation with system defined business rules ensure that every approved invoice comply to required processing standards and helps to quickly proceed with further action.

  1. In the Origination > Origination > Vendors > Invoices > Invoice Information, sort the list of invoice with status as ‘OPEN’ from the ‘View Options’ drop down list.
  2. Select the required invoice form the list and click ‘Validate Invoice’ button on the Invoice Information section header.

The invoice details are validated and the status of the invoice is updated based on validation. For more information on validations, refer to ‘Business Rules’ section.

16.5.2 Invoice Details sub tab

  1. In the Origination > Origination > Vendors > Invoices > Invoice Details, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Work Order

Select the work order from the drop-down list. This list displays the gen­erated work orders. Each work order name is defined in the format which consists of work order number, account number, service number and service name.

Case #

System displays the Case number only if there is a Case number is associated for the selected work order.

Estimated

Displays the estimated cost of selected work order as defined in Vendors > Work Order > Services section.

Invoice Amt

Specify the invoice amount.

Agreed Amt

Specify the agreed amount.

Paid Amt

Displays the paid amount.

Txn Post Dt

Specify transaction effective date. You can even select the date from the adjoining Calendar icon.

Status

Select the status from the drop-down list.

Status Dt

Displays the last status change date. On edit, system updates the cur­rent date by default.

Authorized By

Displays the name of the user who verified (accepted/rejected) the invoice details.

Authorized Dt

Displays the date when the invoice details were verified.

Collectible

Check this box to indicate if the agreed amount is collectible from the customer. When checked, the collectible amount is posted as an expense on the customer account.

During auto invoice validation, this check box is automatically selected if the same combination of a service and work order status matches with the state specific rule defined in Setup > Administration > System > Ven­dors > Invoice Rules tab.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.5.3 Accept/Reject Invoice details

In the Invoice Details sub section, you can accept or reject the details of those invoices which are in ‘FOR APPROVAL’ status. This status is updated during invoice processing and when there is difference in estimated and invoiced amount which needs manual approval.

  1. In the Origination > Origination > Vendors > Invoices > Invoice Details, select the required invoice record.
  2. Click ‘Accept’ or ‘Reject’ in the Invoice Details section header and click ‘Yes’ to confirm the action.
  3. Click Refresh button to view the status update.

On Accepting or Rejecting the invoice details, the ‘Authorized By’ and ‘Authorized Dt’ fields are auto updated with user name and current date. Also the status of Invoice information and Payment Schedules are updated as either ‘CLOSE’ or ‘REJECTED’ respectively. However, auto update of status is controlled by the ‘Current/Next’ status defined in Cycle Setup screen.

If the status of a particular invoice is updated from ‘APPROVED’ to ‘CLOSE’, system generates a payment requisition record for payment processing.

16.5.4 Payment Schedules sub tab

  1. In the Origination > Origination > Vendors > Invoices > Invoice Details > Payment Schedules, you can maintain the payment schedules information. Perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Currency

System displays the vendor currency.

Payment Amt

Specify the actual payment amount for the invoice.

Status

Select the payment status from the drop-down list.

Payment Dt

Select the payment date from the adjoining calendar.

Payment Reference

(Optional) Specify reference details for the payment if any.

Payable Id

View the auto-generated payable ID which is the requisition ID in the AP Transaction screen.

Payment Id

View the Requisition ID generated during AP transaction.

Disburse­ment Cur­rency

View the vendor disbursement currency. However, you can select the vendor payment disbursement currency from the drop-down list.

Account Currency

View the currency of the account selected at in ‘Invoice Details’ sub tab.

Amount in Account Currency

View the Invoice Currency amount equivalent of the Account Currency. System displays the ‘Amount in Account Currency’ by converting Vendor Currency value to Account Currency and considering the exchange rate as per the scheduled payment date.
  1. Perform any of the Basic Actions mentioned in Navigation chapter.

16.5.5 Related Invoice/Work Order Details sub tab

  1. In the Origination > Origination > Vendors > Invoices > Invoice Details > Related Invoice/Work Order Details, view the following details.

A brief description of the fields is given below:

Field:

Do this:

Invoice #

View the invoice number for the work order.

Invoice Sta­tus

View the status of invoice generated for the work order.

Status Dt

View the date on which the status of invoice is recorded.

Currency

View the currency in which the invoice is generated.

WO Esti­mated Amt

View the estimated amount for the work order.

WO Agreed Amt

View the vendor agreed amount for the work order.

WO Paid Amt

View the amount paid for the work order.

16.5.6 Tracking Attributes sub tab

  1. In the Origination > Origination > Vendors > Invoices > Tracking Attributes. The Tracking Attributes allows you to load tracking attributes and define the parameter value for various parameters listed.

On the Tracking Attributes sub tab, perform any of the Basic Operations mentioned in Navigation chapter.

A brief description of the fields is given below:

Field:

Do this:

Sub-Param­eter

View the Sub-Parameter.

Parameter

View the listed Parameter.

Value

Specify the required parameter value. By default, NA is displayed.

Perform any of the Basic Actions mentioned in Navigation chapter.

16.5.7 Business Rules

Business rules facilitate to auto validate invoices and approve only those which comply to the invoice processing requirements in OFSLL. Business Rules are always validated on Invoice information, Invoice details and payment schedules which are in ‘OPEN’ status.

Business rule validation for Invoices created or generated internally can be performed in the Vendors > Invoices tab and external invoices are auto validated before listing in Invoices tab.

For invoices received from external system, following pre-validation checks are also performed before validating with the business rules.

Following business rules are defined in the system for invoice validation. During the process, if any of the business rule validation fails, system stops the validation process and updates the status of Invoice as ‘Rejected’.

Rule 1

Every work order should have a specific closure status corresponding to the type of work order defined. Accordingly, an invoice generated for that work order should comply with any of the following combination of ‘Work order Type’ and ‘Work Order status’.

Work Order Type

Work Order Status

Door Knock

Completed

Involuntary Repossession

Repossessed

Voluntary Repossession

Repossessed

Impound Involuntary

Repossessed

Impound Voluntary

Repossessed

Involuntary Repossession

Closed

Voluntary Repossession

Closed

Impound Involuntary

Closed

Impound Voluntary

Closed

Skip Investigation

Repossessed

Skip Investigation

Closed

Rule 2

Validate invoice for the status of ‘Collectible’ check box in Vendors > Invoice tab > Invoice Details section.

During invoice processing, if the combination of Service, Work Order Status and State matches with any of the state specific rule defined in Setup > Administration > System > Vendors > Invoice Rules tab, the ‘Collectible’ check box is selected and invoice is allowed to process the next business rule.

In case the above combination does not exist in Invoice Rules tab, the ‘Collectible’ check box is NOT selected and the invoice is still allowed to process the next business rule.

Rule 3

Validate invoice based on Estimated and Invoiced amount and updated the corresponding status in Invoice Information, Invoice Details and Payment Schedules sections of Vendors screen.

An invoice status in Invoice Information section is auto updated to “APPROVED’ if both Invoice Details and Payment Schedules have the same status. Else, if status is rejected in either of the sections, the status of invoice is also updated as ‘REJECTED’ in Invoice Information section without allowing further edits on the same.

16.6 Search tab

A Search tab is available on the Vendors screen to help locate the details of a Vendor, Workorder, and/or an Invoice information maintained in the system. This is the information that is used in the respective tabs of Vendors screen.

To search for a Vendor/Workorder/Invoice

  1. On the Oracle Financial Services Lending and Leasing home screen, click Origination > Origination > Vendors > Search tab.

  2. In the ‘Search Options’, select the option against Vendor or Workorder or Invoice.
  3. In the ‘Search Criteria’ section, use ‘Comparison Operator’ and ‘Value’ columns to enter search criteria you want to use to locate a producer.
  4. Click ‘Search’.

System displays the result in the ‘Search Results’ section at the bottom of the screen with the following details:

Vendor Details

Workorder details

Invoice details

Vendor #

Channel

Old Vendor #

Name

Status

Company

Branch

Start Dt

End Dt

Zip

Work order #

Case #

Channel

Account

Collateral Desc

Vendor

work order Dt

Company

Branch

Status

Reason

Workorder Type

Vendor

Company

Branch

Invoice #

External Ref #

Invoice Dt

Due Dt

Status

Channel
  1. Select the required record and click ‘Open’. The details of only that particular Vendor / Workorder / Invoice is displayed in the respective tab of Vendors screen. However, system displays the selected record details only for authorized users based on access/permissions defined in setup.

Note

When a single producer record is opened from Search tab, the Vendors / Work Orders / Invoices tab enables a ‘Remove Filter’ option. Clicking on the same removes the filter cri­teria and displays all the corresponding records maintained in the system.

You can click ‘Reset Criteria’ at any time to clear ‘Comparison Operator’ and ‘Values’ columns on the Search Criteria section.