Payment Requests

Oracle Fusion Payables can receive requests from internal or external sources to disburse funds to payees that aren't defined as suppliers. Payables records these requests as payment requests.

Internal payment requests can come from Oracle Fusion Receivables and Oracle Fusion Expenses. You can create a payment request from Receivables for a customer refund or from Expenses for an expense report. You can disburse the funds and manage the payment process using the payment management functionality in Payables.

Payment requests from external sources can be imported using the File Based Data Import (FBDI) spreadsheet for making One Time Payments. You can import, update, approve, pay transactions, and get the status update for payments. The payees, parties, and bank accounts are created automatically when the transactions are imported into the application.

Setting Up Payment Requests

The following setups affect the payment request process.

• Invoice options: Set the default options for payment requests, such as payment terms, pay group, and payment priority.

• Document sequence category: Comply with document sequencing policies using the predefined Payment Request category or override the document category, if allowed.

• Common Options for Payables and Procurement: Enter the default Liability and Expense accounts for One Time Payments.

You can use the following setups in Oracle Fusion Payments to manage payment requests separately from other payments:

• Payment method controls

• Payment method default rules

• Payment file and report formats

• Payment attribute validations

Reporting on Payment Requests

You can track progress of a payment request in the originating application. After a payment request has been approved, you can report on and audit the request in Payables using the following reports:

• Payables Invoice Aging

• Payables Invoice Audit by Voucher Number Listing

• Payables Open Items Revaluation

• Payables Cash Requirement