Femkroner is the electronic payment solution that makes telebanking possible within Oracle Applications. With this addition to Oracle Applications both foreign and domestic payments can be generated from within Oracle. When they return from the bank, these are processed in the Oracle Cash Management module. This includes advanced automated reconciliation possibilities to the accounts payable and receivable administrations.

With Femkroner automatic collections including reversals can be completely automatically processed. Femkroner uses a highly sophisticated mathematical algorithm to recognise incoming transactions and to link these to the correct invoices allowing a high degree of matching to be achieved.

Advantages

The advantage of Femkroner is that it is completely built within Oracle technology and can be used completely within Oracle Applications. Because of this Femkroner differentiates itself from its competitors who offer such solutions as a desktop application. Femkroner is stable and quick to use. For example it takes less than 2 minutes to create a payment file for 200,000 accounts payable payments and less than 3 minutes to create a batch of 200,000 direct debits. In addition, Femkroner is easy to implement within international applications and also much cheaper to purchase and maintain.
Femkroner has been built independent of release (R11 and R12) and after the one-off technical installation virtually nothing needs to be functionally implemented. Both the payments and the bank statement processing are started by running a concurrent request in Oracle Applications. Effortlessly working with Oracle includes Femkroner. If you want more information for your specific situation then please contact us.