A High Impact, Low Risk Project for Difficult Economic Times

Turbulent financial markets and tight credit have many companies and their employees on edge. What better time to leverage your existing ERP investment and sponsor an easy win for the finance organization?

We asked John Killen, Oracle's Global Solution Architect for Cash Management and Treasury, for a tip on a quick ROI feature that will be applicable to a majority of Oracle Financials customers.

Here is what John had to say:

If you or your clients continue to rely on manual processes to account and reconcile certain cash activity in your bank accounts, you are not alone. I regularly meet with cash, accounting, and IT managers around the world who are in the same position. They are very pleasantly surprised when I show them a feature they already own, which is delivered in Oracle Cash Management and supplements other bank reconciliation functionality. Since much of this manual effort arises from first notice or repetitive bank statement items like daily sweeps to / from your own internal bank accounts, net credit card deposits, bank fees, tax payments, etc; it is possible for Oracle to automate the procedure programmatically.

The feature provides a single screen that allows you to easily build and maintain rules that will match reference text within bank statement lines to automatically generate accounting and reconcile the activity. It turns an often tedious and time-consuming process into a fully automated and scheduled program. Once you implement this feature, you should have more time to consider other related areas like cash positioning and forecasting, cash pooling, and in house banking – all areas increasingly important during these challenging economic times.

And what are the customers saying about this feature?

β€œIt works even better than expected. It saves us at least a few hours every day.” – Treasury Manager, US Based Manufacturer.

The feature was originally released in 11i and called Journal Entry Mappings and then enhanced and renamed in R12 as Bank Statement Cashflow Mappings. PeopleSoft Cash Management has a similar feature called Bank Statement Accounting. For more information, please review the Cash Management User Guide or support documentation available from Metalink. Alternatively, feel free to contact John directly.


This is certainly one more well crafted account. I include basically fairly recently learned A High Impact, Low Risk Project for Difficult Economic Times (Oracle Financials Strategy) plus 'm often perusing the particular remarkable Do it yourself content material which you have here.

Posted by Jose Sundholm on June 02, 2010 at 05:38 AM PDT #


Posted by ne yo on February 02, 2011 at 03:05 PM PST #

Nearly all of the things you say happens to be supprisingly precise and that makes me wonder the reason why I had not looked at this in this light before. This particular piece truly did turn the light on for me as far as this particular subject goes. But at this time there is one particular issue I am not too cozy with and while I attempt to reconcile that with the actual main idea of your issue, permit me observe what all the rest of your readers have to point out.Very well done.

Posted by workforce management softwares on February 21, 2011 at 03:34 AM PST #

Wow this really hit the spot know I know everything that i needed to know thank you now I can go and do things my own way

Posted by Lloyd Ciardullo on February 25, 2011 at 02:31 AM PST #

I can't thank you enough for the posts on your website. I know you put a lot of time and effort into these and truly hope you know how considerably I enjoy it. I hope I can do the identical thing for another individual one of these days.

Posted by zero friction marketing on March 15, 2011 at 12:48 PM PDT #

Please consider this a warning before you read any further! If you are looking for gambling advice, this is not for you! We are here to make money and WIN every single bet we place!

Posted by 100 Percent Winners on April 18, 2011 at 12:09 AM PDT #

Post a Comment:
Comments are closed for this entry.



« February 2015