Public Sector Receivables is a full function accounts receivable system.
Oracle Receivables will be implemented during Phase 1 concurrent with
Oracle Cash Management in order to more fully maximize the integration
between the two applications. Oracle Receivables provides effective customer
account management through University-defined letters and statements,
as well as aged trial balances and key indicator reports. By collapsing
the many billing and receivables systems (excluding student receivables,
which is not in the scope of Phase 1) the University will be better positioned
to manage receivables and forecast future cashflows. One goal of the ISP
is to provide a common accounts receivable tool that is used by all schools
and departments at the University that send bills outside of the University.
For example, all grants and contracts billing will be conducted using
the Oracle Receivables application.
Oracle Cash Management will enable the University to better manage its
bank reconciliation process. Oracle
Cash Management provides an automated tool to
reconcile cash related transactions generated by Oracle Receivables, Oracle
Payables, and Oracle General Ledger to the University's bank statement.
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