Sangam19

This session is a case study presentation on the automation of unreconciled Receipt in EBS R12. Bank statements received from Banks by the customer for receipts transactions are missing with a common identifier with summary line information lead to mismatching with receipts transactions, the customer process was manual reconciliation. We implemented a custom program to populate unique identifiers in Bank file and leveraged the auto reconciliation program to match the Lockbox, Wire receipts, GL Journals by using a unique identifier, the solution supported the different Bank statement formats BAI2, SWIFT940. It benefited the customer by alleviating the manual reconciliation, reduces overall corporate operational costs, time, the streamlined reconciliation process