Bank Automated Payment System (BAPS)

Application Overview

Bank Automation Payment System (BAPS) is an automation tool for making seamless payments through Oracle E-Business Suite. Robust mechanism of payments & flexibility in configuration as per customer requirements; makes it an excellent tool to streamline Supplier & Employee payments.

Key Highlights

  • BAPS Streamlines payments by executing routine transactions with minimal manual intervention.
  • BAPS enables staff to be more productive.
  • Compliance is enforced at every step, so that users can spend less time on processing paper and more time on discovering and exploring new opportunities.
  • It is an extension of Oracle E-Business Suite. All transactional processes, inquiries and reporting are done within Oracle.
  • Powerful capabilities, simple to use.

Security and Integration

  • Integrated Solution with leading UAE Banks
  • Secured approvals through Oracle Workflow.
  • Approval Hierarchy integrated with Oracle HRMS.
  • BAPS notifies required operations & management layers via emails & sends notification about payment status.
  • PGP Encryption for secure transmission.
  • Integrated 2 way communication between ERP & Banking channel without user intervention.
  • Secure transmission using industry standard encryption processes.
  • Works with Oracle EBS Release 12.x

Business Benefits

  • Records payment approvals in Oracle Accounts Payable.
  • Powerful Approval workflows simplify standard Approval process.
  • Eases your bank statement reconciliation.
  • Enhances Paperless Environment.
  • Increases Employees Productivity.
  • Strengthens internal processes
  • No need to login to multiple systems.

ISON Property Apps

  • Approval notifications carry full details of payment.
  • Drills down to the source transaction from the notification.
  • Prints authorized signatory's signature electronically on checks based on HR data.
  • Predefined Reports.