Payment Confirmation Acknowledgements Using a REST API

Use the new attributes in the Payables Payments REST API to acknowledge payment confirmations from the bank. Payment confirmation using ISO acknowledgment processing initiates critical business activities, such as releasing liens, relieving commitments, or relieving obligations. The new Payables Payments REST API attributes are: • IBY Payment Status • Invoice Amount • Invoice Payment Amount.

Payment confirmation acknowledgment is available for integration with other systems, such as Textura, to provide the payment confirmation status for the invoices generated in Oracle ERP Cloud. The invoice payment status verifies that payment is successfully processed and received by the beneficiary. It also provides insights for various decisions like communicating with suppliers to release the property leins and allows the related parties to complete the contractual obligations.

Steps to Enable

Review the REST service definition in the REST API guides to leverage (available from the Oracle Help Center > your apps service area of interest > APIs & Schema). If you are new to Oracle's REST services you may want to begin with the Quick Start section.

The ISO acknowledgment processing framework is available to process the payment status report received from banks. 

Tips And Considerations

The following new attributes are added to the 'Payables Payments' REST API.

• Iby Payment Status 
• Invoice Amount 
• Invoice Payment Amount

Key Resources

• Review the Payables Payments REST service definition in the REST API guides. If you're new to Oracle's REST services you may want to begin with the Quick Start section.