Overview of Oracle Receivables Process

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Objectives

After completing this module you should be able to do the 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

Copyright 2004, Oracle. All rights reserved.

Order to Cash Lifecycle

Transfer Accounting to General Ledger Ordering/Pricing Scheduling

Cash Management

Ordering

Accounting
Collecting

Shipping

Receipts

AutoInvoice to Receivables Invoicing

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Overview of Receivables in the Order to Cash Process

Receivables

Imported through AutoInvoice

Transactions

Manual Creation

Cash Management

Receipt

Transfer to General Ledger

Copyright 2004, Oracle. All rights reserved.

Overview of the Receivables Process

Transactions

Review and Correct Data

Print and Send Invoices

Transfer to General Ledger *

Enter Receipts

Collect Payments

Copyright 2004, Oracle. All rights reserved.

Overview of Receivables Integration

Oracle Receivables integrates with the following Oracle products:

Approvals Management Bill Presentment Architecture Cash Management Collections Service Contracts Credit Management General Ledger iPayment iReceivables

Incentive Compensation Lease Management Loans Management Order Management Projects Property Manager Trade Management Workflow

Copyright 2004, Oracle. All rights reserved.

Receivables Integration Process

Item Information Inventory Orders & Shipment

Order Management

Orders Legacy Receivables

Contracts Service

Accounting
General Ledger Leasing

Receipts
Cash Management

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Overview of the Transaction Process

Standard Transaction Copy Review and make corrections Valid transaction Complete, print and send to customer Enter receipt Interface to General Ledger Invalid transaction

Void Delete

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Overview of Other Invoice Operations

Original Invoice

Invoice with Rules

Invoice Copies

Accounting Rules

Invoice Rules

Installments

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Overview of Adjustments

Adjustment entry

Approval limit $500

Validation process

Approved or Pending

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Overview of Credit Memos

Enter Update Review Credit memos

Credit Transactions

Invoices

Debit memos

Commitments

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Overview of the AutoInvoice Process

Invoice Data

Interface Tables

Invoices

Records are corrected in the Interface Tables

Interface Exceptions displays errors only

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Overview of Receipts and Remittances

Enter Receipts and Remittances

Apply to invoice or customer account

Update customer balance

Transfer to General Ledger

Reverse or Reapply

Reconcile

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Overview of Collections

Identify past due items

Contact customer

Record activity

Record bad debt

Apply adjustments

Resolve disputed items

Record receipts

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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

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Oracle iReceivables

Oracle iReceivables, an Internet-based, self-service account management application, enables registered users to access their Oracle Receivables account information using a standard web browser, and helps reduce the cost structure of billing and collections by providing a company's customers with the ability to access their accounts online.

Copyright 2004, Oracle. All rights reserved.

Oracle iReceivables Product Integration

Trading Community Architecture Receivables iPayment

iReceivables

Workflow

Application Framework
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Bill Presentment Architecture

Overview of Oracle iReceivables Features

Anonymous User Login One-Time Credit Card Payment Service Charge Pay All Open Invoices Multi-Pay Multi-Print Custom Transaction Search

Custom Customer Search Display of Descriptive Flexfields Export Commitment Balance Duplicate Dispute Warning Attachment

Copyright 2004, Oracle. All rights reserved.

Summary

In this module you should have learned how to: 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

Copyright 2004, Oracle. All rights reserved.