Oracle Payments is a complete payment and receipt processing solution that enables efficient, reliable and secure financial transactions. It is the central payment engine for Oracle E-Business Suite that lowers costs and improves control by integrating out-of-the-box with major processors and financial institutions.
Enhance Value by Combining With The Entire Oracle E-Business Suite Oracle Payments works seamlessly with other Oracle E-Business Suite products to drive better decision-making, sustainable financial discipline, regulatory compliance, and optimized business processes at the lowest cost.
Improve Visibility and Agility with Centralized Payments Oracle Payments centralized payment processing capabilities across multiple organizations, currencies and regions delivers greater efficiency and offers real-time visibility into cash inflows and outflows leading to better working capital management.
Maintain Complete Control Over Payment Data and Instruments Oracle Payments serves as a payment data repository which securely stores all payment information and instruments.
Reduce Costs with Streamlined Processes Oracle Payments offers end-to-end electronic payment processing that includes validation, aggregation, formatting and secure transmission of payments to financial institutions and payment systems.
Implement a Payment Model to meet your Business Needs Oracle Payments can be flexibly configured to support a variety of payment models. It can work in a completely decentralized mode where it is part of accounts payable or collection administration within each business unit. Alternatively, Oracle Payments can be configured to efficiently support the shared service center model.