22nd Century and Your Oracle Cloud Journey
Our centralized payment platform, built on Oracle Cloud, provides the treasury department with complete visibility and control over payment processes. Developed by our Oracle ERP team, this comprehensive Oracle PaaS extension leverages Oracle technologies to streamline payment management, offering advanced features for robust reporting and seamless integration. The payment gateway extension also incorporates Oracle Digital Assistant, utilizing AI capabilities to detect and resolve fraudulent transactions in real-time. Additionally, the extension captures payments from multiple sources, including Payables, Receivables, Treasury Payments, Payroll, and third-party payments. As part of the Receivables module, it tracks customer online and lockbox payments while delivering real-time reporting on outstanding customer balances for better financial oversight.
Payment Gateway Extension
- Centralized Payment Platform – Provides complete visibility and control over transactions.
- Payment Management – Users can release payments in Oracle Cloud ERP and HCM.
- Seamless Bank Integrations – Automated connectivity with Bank of America, Wells Fargo, and other financial institutions.
- Secure Payment Processing – Supports Oracle standard payment formats and methods with PGP encryption.
- Built-in Dashboards & Reporting – Custom reports and real-time insights for end-users.
- Acknowledgment Functionality – Leverages Oracle’s standard acknowledgment features for transaction tracking.
- GenAI Fraud Detection – AI-powered monitoring to identify and prevent fraudulent transactions.
Seamless Integration
Leverage Oracle Integration Cloud (OIC) to seamlessly integrate with Oracle Fusion Solutions. Our solution supports a diverse array of payment methods, including checks, positive pay, ACH, wire transfers, lockbox, customer portal payments, receipts, and electronic payments.
Comprehensive Payment Control
Effortlessly manage payment releases, holds, and cancellations with full control over your financial transactions. This guarantees smoother operations, strengthens financial oversight, and supports more informed, strategic decision making.
Extensive Bank Connectivity
Take advantage of automated bank integrations with leading institutions such as Wells Fargo and Bank of America, with future integrations planned for the top 20 banks in the USA, providing a comprehensive and scalable solution.
Advance Fraud Protection
Harness the capabilities of GenAI and Oracle Digital Assistant to proactively identify and report fraudulent payments, strengthening security and reducing financial risk.
Customer Portal & Lockbox Payments
The Customer Portal Online Lockbox Payments Reconciliation automates the process of matching and recording customer payments received via lockbox services. It ensures accurate reconciliation of payments, typically checks, deposited into a bank account. Customer payments are integrated with the payment gateway for a centralized view of customer payments for accounts receivable and treasury departments.
Powerful Reporting & Insights
Gain actionable insights with treasury dashboards and advanced reporting capabilities powered by Oracle Analytics Cloud, allowing you to analyze payment activities and make informed financial decisions.