Attachments on Bank Account Transfers and Ad Hoc Payments

Enhance transaction transparency by securely associating supporting documents—such as invoices, receipts, contracts, and bank correspondence with each transaction. Centralizing these documents ensures better compliance, maintains a strong audit trail, and simplifies financial reviews.

Business Benefits for this feature are as follows:

• Enhanced Compliance: Ensures that all necessary documentation is securely stored and easily retrievable for audits and regulatory reviews.
• Improved Transparency: Provides a clear record of supporting documents for each transaction, increasing visibility across teams and stakeholders.
• Stronger Governance: Strengthens internal controls by linking approvals and financial activities with verifiable documentation.
• Operational Efficiency: Reduces time spent searching for or validating documents, accelerating transaction processing and reconciliation.
• Better Risk Management: Minimizes errors and fraud by maintaining an auditable trail of all related financial documents.
• Simplified Reviews: Streamlines financial and management reviews by consolidating transaction data and supporting materials in one place.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• Based on Ideas 654057, 615948, 540216 and 656534 from the Payables, Payments & Cash Management Idea Lab on Oracle Cloud Customer Connect.