EBS Banking Model in demanding and Changing World

Hey did you notice there is one thing that keep changing since last 2 releases ...the bank. We have seen there was once from pre 10.x to 11i when supplier bank separated from suppliers data and now its again in R12 when it become part of TCA.This time , because of changing business need and high demand of global partners working model. Not only your company is operating globally,your partner too operating global,then why not use them. In typical business cost model, if corporate office is using Citibank for payroll for USA operation then why not Citibank Singapore branch is used for payroll for Singapore if they are operating there. Sound bit low...why ..
As we aware the key message of R12 while release was .

• Think Globally - using business intelligence and analysis tools
• Work Globally - using the global capabilities of the applications
• Manage Globally - using the latest system architecture and middle ware

so what , think globally and work globally is factor driving for the changes .This release have witness the great changes ever into the bank model. Now the bank accounts is attached to your legal entity level rather than Operating Unit in which current and existing versions Offers. This makes bank with strong capability to pay across operating units. More over its important to understand banks accounts can be shared by applications and can be designed for use by Payables, Receivables and Payroll.
Integration Existence between Bank Data in Accounts Payable and Bank Data In Payroll ?
As discussed above , you know most of release of 11i family of oracle Application does not have integration between HR and AP for bank account data.
We have notice in 11i there was functionality in which Payables in which we will create an employee type supplier from HR data and it will contain name and address info but not bank information. The reason for this is that HR/Payroll does not store the bank information in a standard way that makes the integration possible.
So now r12 this was well taken care and integration is built. There are plans under way for all bank account data models in the various products to be consolidated in the new TCA architecture. The Cash Management team is working on this project. Payables and HR/Payroll are working so that the eventual idea will be that you can set up bank accounts in one place and then indicate the usage (pay, expense reimbursement, etc).