Integrated Virtual Card Payments for Supplier Invoices - Additional Bank

Pay supplier invoices with virtual cards to improve payment efficiency and cash flow. The embedded virtual card program delivered in 25B supports this payment method with several participating banks. The program has been extended in 25C to support an additional bank - Brex.
The solution enables organizations to activate card programs quickly with the bank, onboard suppliers that accept cards for invoices, and automate virtual card generation for high-volume payment processing.

For additional information refer to the feature in 25B What's New.

Implementing virtual cards for supplier payments in Oracle Fusion Cloud ERP offers numerous benefits for businesses:

  • Enhanced security to pay invoices with cards, eliminating the need to store suppliers' bank account information.
  • Better cash flow for buyers to leverage credit to pay suppliers, instead of the traditional ACH, wire or check methods.
  • Streamlined payment process that increases efficiency and reduces administrative overhead related to check processing.
  • Improved payment tracking with acknowledgment notification directly in ERP.
  • Global accessibility through several global and regional banks offering embedded virtual card payments.

Steps to Enable

For steps to enable refer to the feature in 25B What's New.

Tips And Considerations

  • Let your bank know you want to use the embedded ERP virtual card integration. Be as specific as possible about your desired timeline. This will help the bank allocate implementation resources to help you test the end-to-end payment process in the targeted timeframe.
  • Please go through the steps in the Implementation Guide thoroughly, as it guides you through defining program parameters and updating supplier information. It also explains how to perform an end-to-end test with your bank using a “penny test” to validate connectivity in production.

Key Resources

Access Requirements

You must have the Financial Application Administrator job role to establish connectivity and review all related predefined and automatically configured Functional Setup Manager tasks.