Defining a Funding Request Type

Prerequisites

To define a funding request type, you should have:

  • Funding request type business objects defined in the application

  • Funding request business objects defined in the application

  • Currencies defined in the application

  • Funding adjustment types defined in the application (where the A/P Request Type Code field is set to REFUND)

  • Garnishment adjustment types defined in the application (where the A/P Request Type Code field is not set to REFUND)

  • A threshold range algorithm defined using the C1-FDRTTR algorithm type

  • Required approval profiles defined in the application

  • A To Do role assigned to the C1-FNDSB To Do type in the application

  • Funding currency characteristic type defined in the application (where the characteristic entity is set to Account)

  • A currency conversion algorithm defined for payments and adjustments using the C1_​CURALGPY and C1_​CURALGAD algorithm type, respectively

Procedure

To define a funding request type:

  1. Click the Admin link in the Application toolbar.
    A list appears.
  2. From the Admin menu, select F and then click Funding Request Type.
    A sub-menu appears.
  3. Click the Add option from the Funding Request Type sub-menu.

    The Select Business Object screen appears. It contains the following field:

    Field Name Field Description Mandatory (Yes or No)
    Funding Request Type Business Object Used to indicate the business object using which you want to create the funding request type. Yes
    Tip: Alternatively, you can access the Select Business Object screen by clicking the Add button in the Page Title area of the Funding Request Type screen.
    Note: The Select Business Object screen appears when there are multiple funding request type business objects defined in the application. If there is only one funding request type business object defined in the application, the Funding Request Type screen appears.
  4. Select the required funding request type business object from the respective field.
  5. Click OK.

    The Funding Request Type screen appears. It contains the following sections:

    • Main - Used to specify basic details about the funding request type.

    • Characteristics - Used to define the characteristics for the funding request type.

    The Main section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Funding Request Type Used to specify the funding request type. Yes
    Business Object Indicates the business object using which you are defining the funding request type. Not applicable
    Description Used to specify the description for the funding request type. Yes
    Funding Request Business Object Used to indicate the business object using which you want to create the funding request. Yes
    Detailed Description Used to specify additional information about the funding request type. No
    Status Used to indicate the status of the funding request type. The valid values are:

    • Active

    • Inactive

    Note: You cannot change the status of a funding request type to Inactive when the corresponding funding request is in a status other than Processed or Rejected.
    		 Yes
    Funding Amount Currency Used to indicate the currency in which the total debit and credit amount should be calculated in the funding request. The total debit and credit amount appears in the Statistics section of the Funding Request zone.
    Note:

    The list includes only those currencies which are defined in the system.

    If the currency specified in this field is different from the bill's currency, the system does currency conversion before calculating the total debit and credit amount in the funding request. The total debit amount is the sum of funding amount of all bills whose funding amount is in debit. However, the total credit amount is the sum of funding amount and garnishment amount of all bills whose funding amount is in credit. While calculating the total debit amount, the system uses the currency conversion algorithm attached to the Currency Conversion For Payments algorithm spot of the account's division. However, while calculating the total credit amount, the system uses the currency conversion algorithm attached to the Currency Conversion For Adjustments algorithm spot of the account's division.

    		 Yes
    Account Funding Currency Characteristic Type Used to indicate the characteristic type. This characteristic should be defined on the account. This characteristic indicates that the funding amount of the account's bills should be converted in the specified currency.
    Note:

    The Search (The Search Icon) icon appears corresponding to the Account Funding Currency Characteristic Type field. On clicking the Search icon, the Characteristic Type Search window appears.

    You must specify a characteristic type where the characteristic entity is set to Account.

    The converted amount appears in the Funding Currency Amount column of the Selected Bills zone in the Funding Request screen.

    If the funding amount is in debit, the system uses the currency conversion algorithm attached to the Currency Conversion For Payments algorithm spot of the account's division. However, if the funding amount is in credit, the system uses the currency conversion algorithm attached to the Currency Conversion For Adjustments algorithm spot of the account's division.

    		 Yes
    Default Funding Adjustment Type Used to indicate the adjustment type using which the A/P adjustment should be created against a credit bill on submitting the funding request.
    Note:

    The Search (The Search Icon) icon appears corresponding to the Default Funding Adjustment Type field. On clicking the Search icon, the Adjustment Type Search window appears.

    In the Default Funding Adjustment Type field, you can only specify an adjustment type where the A/P Request Type Code field is set to REFUND.

    		 Yes
    Default Garnishment Adjustment Type Used to indicate the adjustment type using which the garnishment adjustment should be created when the amount from the credit bill is transferred to the garnishment contract of the account.
    Note:

    The Search (The Search Icon) icon appears corresponding to the Default Garnishment Adjustment Type field. On clicking the Search icon, the Adjustment Type Search window appears.

    In the Default Garnishment Adjustment Type field, you can only specify an adjustment type where the A/P Request Type Code field is not set to REFUND.

    		 Yes
    Threshold Range Algorithm Used to attach an algorithm which helps to calculate the threshold range for a bill based on the number of payments made for the bill in the specified period.
    Note:

    You must specify an algorithm which is created using the C1-FDRTTR algorithm type in the Threshold Range Algorithm field.

    The Search (The Search Icon) icon appears corresponding to the Threshold Range Algorithm field. On clicking the Search icon, the Algorithm Search window appears.

    		 No
    Defer Processing Count Used to indicate whether a funding request must be processed in the deferred mode (i.e. in the background) when the number of bills in the funding request exceeds the defer processing count.
    Note:

    You cannot specify a negative value in the Defer Processing Count field.

    Deferred mode means in the background when the Funding Request Periodic Monitor (C1-FNDRQ) batch is invoked. You can configure the Funding Request Periodic Monitor (C1-FNDRQ) batch such that it is executed at regular intervals. For more information about the Funding Request Periodic Monitor (C1-FNDRQ) batch, refer to Oracle Revenue Management and Billing Batch Guide.

    If the number of bills in a funding request does not exceed the defer processing count, the system will process the funding request in real time (i.e. immediately).

    		 No
    Approval Required Used to indicate whether the approval is required before creating payments for debit bills and A/P adjustments for credit bills through the funding request. No
    Approval Profile Used to indicate the approval profile using which the system should determine the debit or credit hierarchy level from where the approval is required. The system considers the debit or credit hierarchy level where the funding amount of the debit or credit bill falls within the threshold limit.
    Note: This field appears when the Approval Required option is selected.
    		 Yes (Conditional)
    Note: This field is required when the Approval Required option is selected.
    Submitter To Do Type Used to indicate that To Do entry of the specified To Do type must be created when the approver rejects the funding request or raises the request for resubmitting the funding request.
    Note:

    You must specify the C1-FNDSB To Do type in the Submitter To Do Type field.

    The Search The Search Icon icon appears corresponding to the Submitter To Do Type field. On clicking the Search icon, the To Do Type Search window appears.

    This field appears when the Approval Required option is selected.

    		 Yes (Conditional)
    Note: This field is required when the Approval Required option is selected.
    Submitter To Do Role Used to indicate that the users with the specified To Do role must receive a To Do when the approver rejects the funding request or raises the request for resubmitting the funding request.
    Note:

    This field appears when the Approval Required option is selected.

    The list includes only those To Do roles which are associated to the specified submitter To Do type.

    		 Yes (Conditional)
    Note: This field is required when the Approval Required option is selected.
    Currency Conversion Adjustment Algorithm Used to indicate the currency conversion algorithm. It is used while determining the approval hierarchy for a funding request when the sum total of the debit and credit amount (i.e. which is in credit) is different from the installation options currency.
    Note:

    This field appears when the Approval Required option is selected.

    The Search (The Search Icon) icon appears corresponding to the Currency Conversion Adjustment Algorithm field. On clicking the Search icon, the Algorithm Search window appears.

    		 Yes (Conditional)
    Note: This field is required when the Currency Conversion Required option is selected in the approval profile.
    Currency Conversion Payment Algorithm Used to indicate the currency conversion algorithm. It is used while determining the approval hierarchy for a funding request when the sum total of the debit and credit amount (i.e. which is in debit) is different from the installation options currency.
    Note:

    This field appears when the Approval Required option is selected.

    The Search (The Search Icon) icon appears corresponding to the Currency Conversion Payment Algorithm field. On clicking the Search icon, the Algorithm Search window appears.

    		 Yes (Conditional)
    Note: This field is required when the Currency Conversion Required option is selected in the approval profile.
  6. Enter the required details in the Main section.
  7. Define characteristics for the funding request type, if required.
  8. Click Save.
    The funding request type is defined.

Related Topics

For more information on... See...
Funding Request Type screen Funding Request Type
How to define a characteristic for a funding request type Defining a Characteristic for a Funding Request Type