This topic describes the systematic instruction to initiate finance for the invoices/debit notes/purchase orders that are linked to a program and have been accepted.

1. On Receivables and Payables Management screen, select the action as Initiate Finance.
2. Click Proceed to view the search parameters.
3. Specify the value for at least one mandatory field to search the instrument(s).
4. Click Search to view the search results.
   The Initiate Finance - Invoice/Debit Note screen displays.

   Figure 5-22 Initiate Finance - Invoice/Debit Note

   
   

   
   Description of "Figure 5-22 Initiate Finance - Invoice/Debit Note"

   
   

   The Initiate Finance - Purchase Order screen displays.

   Figure 5-23 Initiate Finance - Purchase Order

   
   

   
   Description of "Figure 5-23 Initiate Finance - Purchase Order"

   
   
5. Optional: In the Reference/PO Number column, click the link to view the details of the instrument.
6. Select the invoice/debit note/PO to be financed.
7. Optional: In the Remarks field, enter the remarks about new finance amount.
8. Switch ON the Auto-Apportion switch to initiate the finance with available financial amount or with multiple finances of lesser amount.

   Note:

   If the Auto-Apportion switch is ON, the Finance Amount entered will be apportioned equally across the selected invoices/debit notes/PO. If the switch is OFF, the Finance Amount entered will be applied as-is to all the selected invoices/debit notes/PO.
9. In the Finance Amount field, enter the amount to be financed.
10. Click Apply to make changes in the grid.
11. If required, click Undo to revert the applied changes.
12. Click Submit to initiate finance and send it for authorization (if applicable).
    A finance disbursement task is created in the Free Tasks, which can be acquired and processed.

    Note:

    For more information, refer the Finance Disbursement section in the Oracle Banking Supply Chain Finance User Guide.