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.