Centralized Banks and Bank Account Definitions in Oracle Cash Management

Centralized Banks and Bank Account Definitions in Oracle Cash Management:-
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In Release 12, the ownership of internal banks and bank accounts will move to Oracle
Cash Management for all products in the E-Business Suite. All internal banks and bank
accounts you had defined for your operations will be migrated from the Payables
entities to the central Cash Management entities. A Legal Entity now owns the bank
accounts and their payment documents, rather than being owned by an Operating Unit,
as in prior releases.

Also in Release 12, the ownership of supplier bank accounts transitions from Oracle
Payables to Oracle Payments. The banks and bank branches will be centralized in
Oracle Cash Management entities, as above, however the bank accounts you had
defined for your suppliers will be migrated from the Payables entities to the central
Payments entities. Oracle Payments centralizes and secures all payment instrument
data, including external bank accounts, credit cards, debit cards, and so forth.