AR STANDARD ORACLE PRACTICES:

FUCTIONAL PROCESS FLOW: RECEIPT PROCESS + RECONCILIATION UNIDENTIFIED / UNAPPLIED RECEIPTS PROCESS

ENTER ASSOCIATE RECEIPT TO A APPLY RECEIPT TO A TRANSACTION

RECEIPT CUSTOMER OR ON ACCOUNT

 System recognizes Entered Receipts as unidentified receipts

 In Oracle Receivables, when the receipt is associated to a customer it is an unapplied receipt
 Followed by, the receipt application to a transaction or on-account is considered as the receipt being applied

REMMITTANCE PROCESS:

ENTER PRINT & SEND CREATE & APPROVE FORMAT & SEND
TRANSACTION INVOICE RECEIPTS RECEIPTS

FORMAT & SEND APPROVE CREATE REMMITANCE CONFIRM RECEIPTS

REMITTANCE REMITTANCE

Automatic Receipts & Remittance

 In AR, Transactions are flagged for the Automatic Receipt creation program to create the receipts. Additionally, customers can review
the receipts and confirm payments
 Followed by, creation of remittance batches to select receipts for remittance which are sent to our bank. Then bank in-turn sends
statements for reconciliation in Cash Management

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AR STANDARD ORACLE PRACTICES:

FUCTIONAL PROCESS FLOW: LOCKBOX PROCESS

 AutoLockbox automatically creates receipts in Receivables using electronic information that your bank provides.

BANK FILE Import Payments Validation Cash Receipts

Program Program
Interface Table

Receivable Post Quick

Tables Cash

 Functionality: Customer deposits the money directly into the relevant bank account for the due invoices and bank provides a BANK/flat
file with a specific type of transmission format
 Upon import program being submitted, Auto lock box will format the bank file into the Payments Interface Table
 Validation Program will check the data with Receivable and upon validation the data is transferred into QuickCash Tables.
AR_INTERIM_CASH_RECEIPTS_ALL & AR_INTERIM_CASH_RCPT_LINES_ALL
 Once validated you can query the receipts In the system via QuickCash Window
 Followed by the application of receipts and updated Customer balances

In summary: Elimination of manual entries by automatic processing of receipts which were sent to the relevant bank

Optionally, when the post QuickCash program can use AutoCash Rule Set to apply the customer receipts in a specified manner:

i.e. Clear the Account, Clear the Past Due Invoices, Clear Past Due Invoices grouped by Payment Terms, Match Payment with invoices, Appy
Receipt to the oldest invoice first.

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AR STANDARD ORACLE PRACTICES:

FUCTIONAL PROCESS FLOW: DIRECT DEBIT OR CREDIT, CHARGE-BACKS & WRITE-OFF

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AR STANDARD ORACLE PRACTICES:

FUNCTIONAL PROCESS FLOW: ADJUSTMENTS APPROVAL

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