R12/CE:Routing Number identify the Financial Institution to support several payment methods needs multiple routing numbers (Doc ID 2267225.1)

Last updated on MAY 17, 2017

Applies to:

Oracle Cash Management - Version 12.0.0 to 12.2.6 [Release 12 to 12.2]
Information in this document applies to any platform.

Goal

How to maintain same bank account number with different Wire and Check Routing Number

User has internal bank account defined in cash management and our business would disburse payments out of this bank account through Wire and Check payment methods, so we have to configure two branches
and created same bank account under these bank branches to have separate routing number for Wire and Check. However doing this we may need to have two bank statements defined for bank reconciliation and would like to maintain only one bank statement account in cash management. So how does oracle provide functionality to support having two different routing numbers for Wire and Check payment methods.
 

Solution

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