Q
Problem solve Get help with specific problems with your technologies, process and projects.

Making checks out to a factoring company

I have a vendor that uses a factoring company for all its receivables. This is creating an identity problem for us in accounts payable. We need to identify the vendor in our system as the supplier but want the checks to be made out to the factoring company. How do we do this?

I have a vendor that uses a factoring company for all its receivables. This is creating an identity problem for us in accounts payable. We make the PO out to our vendor but must pay the invoice to a factor. We need to identify the vendor in our system as the supplier but want the checks to be made out to the factoring company. How do we do this? Thanks.
This situation is not that uncommon. It will require modifying the AP Check Print.

You will need to store the Factors information in Oracle. My suggestion would be to set up a Descriptive Flexfield (DFF) at the vendor level to store it. Then, using the Oracle Reports tool, modify the AP Check Print to use the information in the DFF. If there is no data in the DFF, then use the Vendor name as normal. This way, it solves your current issue, and if you ever have to add an additional Factor for another vendor, it will not require further modification.

This was last published in September 2005

Dig Deeper on Oracle E-Business Suite

Have a question for an expert?

Please add a title for your question

Get answers from a TechTarget expert on whatever's puzzling you.

You will be able to add details on the next page.

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchDataManagement

SearchBusinessAnalytics

SearchSAP

SearchSQLServer

TheServerSide.com

SearchDataCenter

SearchContentManagement

SearchHRSoftware

Close