IJBTT

Automate Escheatment Process (AP Checks) in Oracle E-Business Suite (EBS) R12 Payables
	© 2024 by IJCTT Journal
	Volume-72 Issue-9
	Year of Publication : 2024
	Authors : Naresh Kota
	DOI :  10.14445/22312803/IJCTT-V72I9P108

How to Cite?

Naresh Kota, "Automate Escheatment Process (AP Checks) in Oracle E-Business Suite (EBS) R12 Payables," International Journal of Computer Trends and Technology, vol. 72, no. 9, pp. 48-50, 2024. Crossref, https://doi.org/10.14445/22312803/IJCTT-V72I9P108

Abstract
Escheatment [1] is a process where any institute or business entity turns over the unclaimed property to its state or authority after a certain amount of time. Escheatment can include bank accounts, shares, uncashed checks, and unclaimed wages. Oracle E-Business Suite (EBS) R12 Payables[4] application offers to process supplier payments via ACH and Check, but currently, it does not offer an automation process in Payables for Escheatment and is marked as a bug and an enhancement request [3] with Oracle. However, Oracle has provided a workaround in Payables, which involves the organizations spending much manual effort and is time-consuming. To fill the gap, organizations spend much effort identifying the escheatment checks and processing them manually to ensure accounting compliance. A custom process is required to automate, and this document helps to design the automation process to streamline the Escheatment in the Oracle EBS R12 Payables application.

Keywords
Escheatment, Oracle E-Business Suite (EBS) R12, Payables, Suppliers, Escheat checks.

Reference

[1] Will Kenton, Escheat Definition, Investopedia, 2024. [Online]. Available: https://www.investopedia.com/terms/e/escheat.asp#toc-what-is-escheat
[2] Will Kenton, Escheatment of Unclamied Assets, Investopedia, 2024. [Online]. Available: https://www.investopedia.com/terms/e/escheat.asp#toc-escheatment-of-unclaimed-assets
[3] Oracle Enhancement Request. [Online]. Available: https://support.oracle.com/epmos/faces/DocumentDisplay?id=1370921.1
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[Publisher Link]
[5] How You Tranfer Funds to Escheatment Authority, Oracle. [Online]. Available: https://docs.oracle.com/en/cloud/saas/financials/24b/fappp/how-payments-are-escheated.html#How-You-Transfer-Funds-to-Escheatment-Authority
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