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7/28/2019 AR Oracle Edu

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Copyright 2004, Oracle. All rights reserved.

Overview of Oracle

Receivables Process


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Objectives

After completing this module you should be able to dothe following:

Explain where the Receivables processing is

positioned within the Order to Cash Life Cycle Describe the overall Receivables Process

Discuss the key areas in the Receivables Process


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Order to Cash LifecycleOrdering/Pricing

Scheduling

AutoInvoiceto

Receivables

Shipping

Invoicing

Receipts

CashManagement

TransferAccountingto General

Ledger

Accounting

Ordering

Collecting


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Overview of Receivables in theOrder to Cash Process

Transfer toGeneral Ledger

CashManagement

Receipt

Receivables

Imported throughAutoInvoice

Manual CreationTransactions


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Overview of the Receivables Process

Transactions Review andCorrect Data

Print and SendInvoices

Collect PaymentsEnter ReceiptsTransfer toGeneral Ledger *


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Overview of Receivables Integration

Approvals Management

Bill Presentment Architecture

Cash Management

Collections

Service Contracts

Credit ManagementGeneral Ledger

iPayment

iReceivables

Incentive Compensation

Lease Management

Loans Management

Order Management

Projects

Property ManagerTrade Management

Workflow

Oracle Receivables integrates with the followingOracle products:


7/19Copyright 2004, Oracle. All rights reserved.

Receivables Integration Process

Inventory

GeneralLedger

CashManagement

OrderManagement

Item

Informat ion

Receivables

Receipts

Orders &

Shipment

Account ing

Legacy Service

ContractsOrders

Leasing



Overview of the Transaction Process

Enter receipt

Standard Transaction

Copy

Invalidtransaction

Complete, print and send to customer Void

Interface toGeneral Ledger

Review and make corrections

Delete

Validtransaction



Overview of Other Invoice Operations

InvoiceRules

Invoice Copies

Original Invoice

AccountingRules

Invoice with Rules

Installments



Overview of Adjustments

Adjustment

entry

Approval limit

$500

Validation

process

Approved

or Pending



Overview of Credit Memos

Credit Transactions

Enter

Update

Review

Credit memos

Invoices Debit memos Commitments



Overview of the AutoInvoice Process

Invoice Data Interface Tables Invoices

Interface Exceptions displays errors only

Records are correctedin the Interface Tables



Overview of Receipts and Remittances

Enter Receipts andRemittances

Apply to invoice orcustomer account

Update customerbalance

ReconcileTransfer toGeneral Ledger

Reverse or Reapply



Overview of Collections

Identify pastdue items

Contact customer Record activity

Resolvedisputed items

Applyadjustments

Recordbad debt

Recordreceipts



Overview of Tax

Oracle provides ways to set up the tax engine: Sales tax or VAT tax

Various tax codes and rates

Exemptions and exceptions

Tax groups Deferred tax

Tax reporting



Oracle iReceivables

Oracle iReceivables, an Internet-based, self-serviceaccount management application, enables registeredusers to access their Oracle Receivables accountinformation using a standard web browser, and helps

reduce the cost structure of billing and collections byproviding a company's customers with the ability toaccess their accounts online.



Oracle iReceivables Product Integration

Receivables

Workflow

Trading CommunityArchitecture

iPayment

Bill PresentmentArchitectureApplication Framework

iReceivables



Overview of Oracle iReceivables Features

Anonymous User Login

One-Time Credit CardPayment

Service Charge

Pay All Open Invoices

Multi-Pay

Multi-Print

Custom Transaction

Search

Custom CustomerSearch

Display of DescriptiveFlexfields

Export

Commitment Balance

Duplicate DisputeWarning

Attachment


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Summary

In this module you should have learned how to:

Explain where the Receivables processing ispositioned within the Order to Cash Life Cycle

Describe the overall Receivables Process Discuss the key areas in the Receivables Process

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