Banks Setup and Processing Overview
The PeopleSoft Banks Setup and Processing documentation explains these business processes:
Managing federal and nonfederal Electronic Funds Transfer (EFT) and Automated Clearing House (ACH) electronic payment layouts.
Establishing an electronic banking method between Oracle’s PeopleSoft applications and a financial institution.
Defining comprehensive bank, counterparty, and bank account information.
Establishing reconciliation methods for bank accounts.
Receiving and updating bank statement information.
Reconciling bank statement information with system information.
Resolving reconciliation exceptions.
Importing and exporting letters of credit creation and maintenance.
Generating applicable reports for a specific business process.