How to send Payment Separate Remittance advice in Oracle Cloud

How to send Payment Separate Remittance advice in Oracle Cloud

Separate Remittance advice is a document which have all the Payment Related Information. Usually this document sent to supplier. Using this Remittance advice suppliers gets that, his payment has been released against which invoice number. Remittance advice also stores the Invoices information too.

So, with the Help of Separate Remittance advice we get Payment Information’s and the Invoice Information too against which this payment released.  Oracle application helps to send the Payment Separate Remittance advice when the payment processed through Payment process profile and its completed. Then Oracle application send Payment Separate Remittance advice to that suppliers which got paid in that Payment Batch.

 

Step by Step to configure Payment Separate Remittance advice in Oracle Cloud

 

 

In Oracle Cloud , We need to perform this below setup to send Payment Separate Remittance advice in Oracle Cloud.

Step1:- Navigate to Setup and Maintenance

Step2:- Task Manage Payment Process Profile (PPP) as below

 

Step3:-

Step3: - Query Payment Process Profile being used as below. Now go to the reporting tab as highlighted below.

 

 

Step3:-

Now under Send Separate Remittance Advice do this below Configurations.

 

Set SRA format and delivery options as shown in the example below

If you wish to kick off SRA process automatically upon completion of payments, check 'Automatically submit when payments are confirmed' flag.

 

 

 

Step4:- Once We made the changes in the Payment Process profile, Then we need enter the Supplier Email address in the supplier Master. Oracle Cloud has given the separate option to enter the email address for Remittance purpose.

Query the supplier then go to Profile.

Profile èPayments è Payment attributes è Separate Remittance Advice Delivery

Set Method Email

and enter the Email address.

 

Step5:-

If you want to set the from email address rather than default and use your own custom remittance advice email Subject rather than the using standard subject then we need to go to the ‘Manage Disbursement System Options as below’

 

 

 

Step6:-

Under Enterprise Level Payments Options as below enter the Separate Remittance advice from Email  and Separate Remittance Advice Subject as below.

 

Now your setup has been completed so now when you will do the payment through Payment Process Profile , Separate Remittance Advice will sent to Payee or Supplier.