Enhancements in Payables with Release 12

Enhancements in Payables with Release 12

Lets have a brief look at the enhancements in the payables module with release 12
1. Suppliers became a part of Trading Community Architechture(TCA)
2. Banks ownership moved to Legal Entity and now supplier banks can be defined in
supplier definion page it self.
3. The contra charge functionality in R11 is now known as AP Ar Netting
4. Invoice Lines concept and there by line level approval, line level hold, mapping at
line level to asset books or to projects
5. Retainae and Retainage release
6. Recoupment
7. Now batch payments cant be made within payables module but can be dont using the new module oracle payments.