
Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
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Accounts Receivable is an important module in the 'Order to Cash' business process. It comes into the picture after the Billing processes that we have discussed in the previous chapter. At any given time, a typical organization has a large number of outstanding invoices, which are not yet paid by its customers. Ensuring that they are tracked regularly, payments are received from customers within promised timelines, and corrective actions are taken if payments are delayed is critical for the organization's functioning. This task has a direct impact on its cash flows. Accounts Receivable (or AR, as it is commonly known) performs these critical functions and presents a picture of outstanding amounts owed by the organization's customers. In a nutshell, the AR module is responsible for the entry of items (outstanding invoices), handling customer payments, managing customer invoices, and creating customer correspondence such customer statements...
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