Integrated Banking for Oracle Fusion ERP
Partner product overview
Integrated Banking for Oracle Fusion ERP empowers J.P. Morgan and Oracle clients with a comprehensive 360-degree view of their financial position, enabling effective day-to-day business finance operations. As the first direct integrated banking solution for Oracle Fusion Cloud ERP, this offering delivers enhanced banking services, including faster bank onboarding, real-time banking data access, and efficient outbound and inbound payments. These benefits are made possible through turnkey connectivity between Oracle Fusion ERP and J.P. Morgan Payments. Businesses have enjoyed a remarkable reduction in bank-to-ERP connectivity timelines compared to traditional solutions, along with decreased technical resource requirements for configuring bank services within their ERP.
Benefits with J.P. Morgan
- Eliminate weeks of technical integration work with ”out of the box” connectivity
- Automate the onboarding of bank master data into the ERP
- Simplify and help automate cash application. Payment advice and remittance information are collated and combined with the lockbox file, eliminating the need for manual entry and application
- Seamlessly process and reconcile bank statements
- Efficiently manage payment and acknowledgment files for smooth funds disbursement
- Easily handle direct debit settlement batches and acknowledgment files
Solution availability
- NAMR
- EMEA
Oracle is an American multinational technology corporation that provides products and services which address enterprise information technology (IT) environments. Oracle's complete cloud suite of SaaS applications brings consistent processes and a single source of truth across the most important business functions - including Enterprise Resource Planning (ERP) and Enterprise Performance Management (EPM).