Search Results iby_ext_party_pmt_mthds




The IBY_EXT_PARTY_PMT_MTHDS table in Oracle E-Business Suite (EBS) 12.1.1 and 12.2.2 is a critical component of the Oracle Payments module, which facilitates payment processing across various Oracle applications. This table stores information about the payment methods associated with external parties, such as suppliers, customers, or other entities involved in financial transactions. It acts as a bridge between external parties and their preferred payment methods, enabling seamless payment processing within the Oracle EBS ecosystem.

Purpose and Functionality

The primary purpose of the IBY_EXT_PARTY_PMT_MTHDS table is to maintain a mapping between external parties and their configured payment methods. This ensures that payments are processed according to the preferences of the involved parties. For example, a supplier may prefer electronic funds transfer (EFT) over checks, and this table records such preferences. The table is integral to the Oracle Payments module, which consolidates payment processing across Oracle applications like Accounts Payable (AP), Accounts Receivable (AR), and Payroll.

Key Columns and Structure

The table includes several key columns that define the relationship between external parties and their payment methods:
  • EXT_PARTY_PMT_METHOD_ID: A unique identifier for each record in the table.
  • EXT_PARTY_ID: References the external party (e.g., supplier or customer) from the IBY_EXTERNAL_PAYEES table.
  • PAYMENT_METHOD_CODE: Specifies the payment method (e.g., CHECK, EFT, WIRE) from the IBY_PAYMENT_METHODS_B table.
  • START_DATE and END_DATE: Define the validity period of the payment method for the external party.
  • PRIMARY_FLAG: Indicates whether the payment method is the primary choice for the external party.
  • CREATED_BY, CREATION_DATE, LAST_UPDATED_BY, and LAST_UPDATE_DATE: Audit columns tracking record creation and modification.

Integration with Other Modules

The IBY_EXT_PARTY_PMT_MTHDS table integrates with other Oracle EBS modules to ensure consistent payment processing. For instance:
  • Accounts Payable (AP): Uses this table to determine the payment method for supplier invoices.
  • Accounts Receivable (AR): References the table to process customer receipts according to their preferred payment methods.
  • Oracle Payments: Leverages the table to generate payment instructions based on the configured methods.

Data Flow and Usage

When a payment is initiated, Oracle Payments queries the IBY_EXT_PARTY_PMT_MTHDS table to retrieve the payment method associated with the external party. This information is then used to generate payment instructions, such as printing checks or initiating electronic transfers. The table also supports multiple payment methods per party, with the PRIMARY_FLAG column indicating the default method.

Customization and Extensions

In some implementations, the table may be extended to include custom payment methods or additional attributes specific to the organization's requirements. However, such extensions should be carefully managed to avoid conflicts with standard Oracle functionality.

Conclusion

The IBY_EXT_PARTY_PMT_MTHDS table is a foundational element of the Oracle Payments module in EBS 12.1.1 and 12.2.2. It ensures that payments are processed efficiently and in alignment with the preferences of external parties. By maintaining a clear linkage between parties and their payment methods, the table enhances the accuracy and reliability of payment processing across the Oracle EBS suite.