Automate Escheatment Process (AP Checks) in Oracle E-Business Suite (EBS) R12 Payables

Escheatment [1] is a process where any institute or business entity turns over the unclaimed property to its state or authority after a certain amount of time. Escheatment can include bank accounts, shares, uncashed checks, and unclaimed wages. Oracle E-Business Suite (EBS) R12 Payables[4] application offers to process supplier payments via ACH and Check, but currently, it does not offer an automation process in Payables for Escheatment and is marked as a bug and an enhancement request [3] with Oracle. However, Oracle has provided a workaround in Payables, which involves the organizations spending much manual effort and is time-consuming. To fill the gap, organizations spend much effort identifying the escheatment checks and processing them manually to ensure accounting compliance. A custom process is required to automate, and this document helps to design the automation process to streamline the Escheatment in the Oracle EBS R12 Payables application.