Hi,
This is in relation to processing EUR payments in PeopleSoft Payables v9.2.
Due to the recent mandatory adoption of SEPA standards for European payments we configured the SEPA_CT layout for all our European suppliers, however we are facing issues when trying to make non-SEPA payments to them. We use a single Location for most of our suppliers (as that is required for other automated interfaces), which has this payment layout specified. Also, our bank requires us to send all payments (SEPA and non-SEPA) in a single XML file, with the differentiation being made in the tag structure itself.
The delivered process works fine for most EUR payments within Europe, however the issues arise when we try to pay from/to a non-SEPA country. e.g. if we need to pay a French vendor out of our Egypt bank account, or if we need to pay a Russian vendor out of the France bank account. The error message "IBAN and BIC Required at the (To) Vendor Bank Account (7250,406)" is displayed. The reason for this is - delivered voucher Save validation requires an IBAN and a BIC to be specified on both the paying bank account and the Vendor bank account, however these fields aren't applicable to those banks/vendors so we haven't configured them.
Has anyone encountered this error? Do you have any suggestions on how to handle this scenario? Any help would be greatly appreciated, as this is causing us lots of problems!
Thanks in advance!
Regards,
Shrikanth