| Payment in Alternate Name [message #163971] |
Tue, 21 March 2006 00:50  |
ramansrivathsan
Messages: 24
Registered: January 2006
Location: chennai
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Junior Member |
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In the AP payment is made through Payment work bench to the supplier name
Is there any possibility to make the cheque in the Alternate name
Raman A V
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| Re: Payment in Alternate Name [message #168635 is a reply to message #163971] |
Fri, 21 April 2006 07:02  |
David.K.Dickson
Messages: 413
Registered: October 2005
Location: Surrey, England
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Senior Member |
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| ramansrivathsan wrote on Tue, 21 March 2006 06:50 |
In the AP payment is made through Payment work bench to the supplier name
Is there any possibility to make the cheque in the Alternate name
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For security reasons, it is not a good idea to allow the payee name to be changed at the time the payment is made. Think about the potentail for abuse!
However, if one of your suppliers sells their Receivables (your Payables) to another company for collection, this is referred to as Factoring and the other company is called the Factor. Read the Payables User's Guide and search for "Factor" for a more detailed explanation. If you don't have the Payables User's Guide, it can be downloaded, along with all of the other Oracle Applications Documentation from here.
 HTH
David.
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