Structured/Hybrid Address

The process of capturing addresses for cross-border accounts has been enhanced to accommodate structured address formats. It also permits the addition of hybrid or unstructured fields for extra details.

Waiving and Overriding Penalty Components

The Waiver and Override feature, which was only for charges before, now also covers the waiver and override of penalty components for both interest and principal.

Deferring Charges

A new feature has been added to postpone the collection of charges. This allows banks to delay the collection of charges until a later point in the invoice and financing process.

Online Charges for Instruments Lifecycle Events

Charges can now be levied on certain relevant invoice lifecycle events. The charges can be configured to be collected during the transaction or can be deferred to be collected at next stage.

Advices in Transactions

A new feature is introduced to show relevant advice in the transaction processing UI, giving bank users timely information when certain finance or instrument events happen. This advice can also be sent as email alerts with attachments to customers.

Message 15 - Information on Settlement of Dispute

Oracle Banking Supply Chain Finance now includes support for FCI Message 15, which helps import and export factors communicate about disputed receivables. Message 15 can be utilized to address disputes, send reminders about disputes, or resolve disputes.

Manage Dispute Functionality

The Manage Dispute functionality is now available for handling disputed invoices, enabling the triggering of FCI Message 15, where applicable.

Message 11 – Payment

Support for FCI Message 11 has been introduced, allowing the import factor to notify the export factor of payments made against invoices.

Reversal Account Posting During Reconciliation, Post Assignment

A new feature allows for reversing account postings when an assigned invoice is reconciled, whether partially or completely.

The reversal posting matches the payment amount, which cannot exceed the assignment amount.

Dashboard Alerts

Dashboard alerts are now supported within Oracle Banking Supply Chain Finance, providing timely notifications of key events.

Multilingual Regex/Special Characters Validations Support

Validation support for Regex/Special Characters in text fields is now available for the following languages in addition to English – Arabic, French, Portuguese, Spanish, and Traditional Chinese.

Charge Inquiry Service API Enhancements

The querying charges API has been enhanced for handling deferred charges feature.