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2.
2.1
Expense Processing – An Overview
Introduction
Banks incur many expenses while performing their day to day functions. The expense processing
(XP) module of Oracle FLEXCUBE deals with vendor payment for any type of expenses that the
bank incurs. Some salient features of the module are:

The XP Module processes and monitors expenses – advance payments, reimbursement
claims, account payables.

It also maintains details of purchase orders related to the expenses incurred by the
organisation.

It allows payments to be done against advances, captures retention money collected and
paid, etc.

It is primarily a back-office system. It comprises a comprehensive contract processing
and management reporting system.
2.1.1 Maintenances to Process Expenses
The following maintenances need to be done for processing expenses in Oracle FLEXCUBE

List of Documents and Details for following categories:

Transport

Invoice

Insurance

Others

Vendor Maintenance

Budget Code Maintenance
2.1.2 Product Creation for Processing Expenses
You can create an XP product in the XP Product Definition screen with basic information XP
specific preferences as under:
Indicating Preference for specifying Contract Level Expense GL’s
Budget tracking details for the booking/payment amount
Specifying vendor restriction
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