Bank Transfer process creation for Oracle E-Business Suite

This module will ensure effective fund transfer from bank to bank OR bank to branch. Sample steps to be followed to create the template as under:

Process Name: Bank Transfer

Major Activities Under the module

1. Bank Transfer Template Creation: 

Pre-requisites: Both source bank & destination bank, bank branch, bank accounts are to be defined in  the system

 Input: Source Bank  number/ID, Destination bank account number,  Currency should be mentioned

System processing: After execution, Bank transfer template will be created

		Activities	Prerequisite	Input	System processing	Output
1		Bank Transfer Template Creation	Both source & destination bank, bank branch, bank accounts are defined in  the system	Source Bank  number, destination bank account number,  Currency	Bank transfer template gets created	reusable Bank transfer template
2		Creation / Updation of Bank Transfer	Both source & destination bank, bank branch, bank accounts are defined in  the system	Source Bank  number, destination bank account number,  Currency, Amount	Bank transfer request gets created with status = 'NEW'	Bank Transfer gets recorded in the system
3		Bank Account Transfer Validation	Non validated Bank transfer request in the system	Bank Transfer details like source & destination bank accounts. Currency & amount	Bank Transfer gets validated	Validated Bank Transfer
4		Cancel Bank Account Transfer	Non validated Bank transfer request in the system	Bank Transfer details like source & destination bank accounts. Currency & amount	Status of Bank transfer changes to 'CANCELLED'	Cancelled Bank Transfer
5		Bank Transfer Authorization	Validated Bank Transfer request. Authorize transaction option set to 'Yes'	Bank Transfer details like source & destination bank accounts. Currency & amount	Status of Bank transfer changes to 'SETTLEMENT IN PROCESS' OR 'SETTLED'	Authorized Bank Transfer
6		Bank Transfer Clearing	Validated and / or Authorized  Bank Transfer request	Bank Transfer Number	Bank Transfer gets cleared	Cleared Bank transfer
7		Process payment in Oracle Payments	Settle transactions through Oracle Payments option is set to 'Yes' while creating the Bank Transfer	Payment document created in the Oracle Payments	Payment gets recorded in the AP Module	Bank transfer status changes to 'SETTLED'