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R12: CE: Bank Setup Considerations: Country, Legal Entity, Operating Unit, Issue Resolution (Doc ID 567692.1)

Last updated on APRIL 27, 2023

Applies to:

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



(1). What is the Bank Account Model in R12?

(2). You need to decide how to proceed with Bank Account setup in following example scenario:

You have 4 main banks (ABN, AIB, Wells Fargo and HSBC). The ABN bank has about 20 different accounts in about 7 different countries. Do you need to set up 7 different banks for ABN? you would like to just set the bank once, and set up branches for the countries, is that best practice?
Therefore the questions you need to address are:

Q1: Why Country Tied to Bank?

Q2: What is the significance of Bank Account granted to multiple operating units?

Q3. How to use above criteria to decide how you plan to proceed on the situation?

Q4. Is it possible to define multiple Legal Entity for a Bank account?


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