BankON™ Modules and Sample Architectural Diagram
BankON™ enables corporate ERP-to-bank integration for automation of Accounts Payable, Accounts Receivable, Cash Management and Trade
- Accounts Payable
- Select and process payments from ERP (Oracle E-Business Suite 11.5.10 and 12.1.1, JD Edwards EnterpriseOne 8.12, PeopleSoft 8.9 (Payroll for PeopleSoft only)
- Generation of output file in ISO20022v2 and iPayments.csv format
- Encryption and transfer of payments file
- File level acknowledgement
- Reporting screen with Search option
- Resend of failed payment files
- Accounts Receivable
- Inbound Flows
- Authorization mandate data
- Receivable data / Lockbox data
- Depository Reconciliation Report (DRP)
- 1. Reading the data from bank
- 2. Convert into ERP-specific format
- 3. Update ERP with converted data
- 4. Reporting screens with Search facility
- Outbound Flows
- Check data
- Invoice data
- Direct Debit Initiation
- Customer master data
- Direct debit authorization data
- 1. Data extraction from ERP
- 2. Application of validation rules
- 3. Transformation into bank format
- 4. Encryption and file transmission to bank
- 5. Reporting screen with search functionality
- 6. Processing acknowledgements
- Inbound Flows
- Cash Management
- Intraday statements from bank in camt format
- Converting intraday statements into MT940 format and loading into ERP
- Reading previous day statements from bank in camt format
- Converting previous day statements from into MT940 format and loading into ERP
- Reporting screen with search
- Reconciliation of previous day statements in ERP as a configurable option
- Trade
- Purchase Invoices
- Sales Invoices (Commercial Invoice accepted)
- Purchase Order
- Sales Order (Purchase Order Confirmation)
- Purchase Order for LC (Letter of Credit)
- Selection and extraction of purchase invoices / sales invoices / PO / SO / PO for LC from ERP
- Validation
- Transformation into XML
- Encryption and file transfer to bank
- Reporting screen
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