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Please vote for this on the FSCM-Cash Management and Treasury - PSFT Ideas:
Title: Debit ISO files (ISO_DD_02 layout) needs to allow ACH drawdowns
Detail: Wire Drawdowns (direct debit payment method) are more expensive than ACH at the bank to process. We would like Oracle to provide the ACH payment method as a delivered option for debit payments in Cash Management. I had opened an SR a year ago and was given instructions on how to add this method myself, but then none of the logic is in the Application Package TR_FORMAT to provide the correct ACH tags in the ISO file (Pain 008.001.02) for the bank to accept the file for processing. More customization are needed for this to work.
Our business partners would like an ACH option as a wire is $8 for each transaction, but ACH is like 50 cents. That can be a HUGE cost savings to any company.