Accurate Supplier Master Data is crucial to operating a business, e.g. the Accounts Payable process. Incorrect and uncontrolled changes to Supplier Master Data can lead to incorrect payments and other costly errors. Banks do not perform a IBAN Name check or account type check for payments. Therefore it is very important to have correct and validated IBAN information in your supplier master data before you make any payments to the IBAN. The Supplier Master Data Application provides detailed insight into the supplier master and IBAN data in Oracle EBS.
This is where Process Minery and Celonis combine their Strengths:
Review Bank Account Changes:-Any changes in bank accounts are visible and can be reviewed. A full history of the definition of bank accounts is available.
Cleanse Supplier Data:-Insight into who is creating and changing supplier master data. What supplier master data is changed and what are the suppliers with many changes?
IBAN validation: Automatically check the new and changed IBANs for banks in the UK, the Netherlands, and France.
VAT Number validation (Optional)Automatically check the VAT Numbers in the Supplier Master Data and get the results in Celonis.
Action Flows Automation of VAT Number checking Automation of IBAN checking for Name, Age, Type, Validation, and Switch Service.
Any changes of bank accounts are visible and can be reviewed. A full history of the definition of the bank accounts is available. Corrective actions can be taken in case the change is invalid of incorrect.
Cleanse the supplier master data by deactivating suppliers that are inactive for a certain period of time. The Accounts Payable and Purchasing activity is available and can be used to determine if the supplier can be made inactive. The user can potentially deactivate suppliers without any sites, purchasing activity of invoice activity.
Automatically check the new and changed IBANs for banks in the UK, the Netherlands and France.
Automatically check the VAT Numbers in the Supplier Master Data.
Action flow to automate the online VAT Number Check
Fill out the form and an Expert from the Partner will contact you to help you get started with this Execution App. Please note that your data will therefore be forwarded to the Partner mentioned on this website.