Oracle E-Business Suite (EBS) is an integrated business software solution that enables organizations to manage their financials, supply chain, human resources, and other critical business processes. Oracle EBS Financials is a module that is specifically designed to manage the financial operations of an organization. One of the key areas of Oracle EBS Financials is Accounts Receivable (AR). AR is a critical part of any organization’s financial management as it is responsible for tracking all the payments received from customers.

This blog post will provide an overview of Oracle EBS Financials Accounts Receivable module, its features, and functionalities, and how it helps organizations manage their financial operations.

Oracle EBS Financials: Accounts Receivable

Oracle EBS Financials Accounts Receivable module is designed to manage the receivables of an organization. The module provides a range of functionalities that enable organizations to manage their customer invoices, receipts, and customer accounts. The AR module also integrates with other modules such as General Ledger (GL), Order Management (OM), and Cash Management (CM) to ensure a seamless flow of financial information across the organization.

Let’s take a closer look at some of the key features and functionalities of the Oracle EBS Financials Accounts Receivable module.

Customer Management

The AR module provides a comprehensive customer management system that enables organizations to manage all their customer accounts. Organizations can create customer accounts, define payment terms, credit limits, and billing information. The module also enables organizations to track customer balances, invoices, and payments.

Invoice Management

Oracle EBS Financials AR module enables organizations to manage their invoices effectively. Organizations can create invoices, define payment terms, discounts, and tax information. The module also provides the flexibility to manage multiple currencies and exchange rates.

The AR module also enables organizations to manage their invoice collections effectively. Organizations can create collections strategies, assign collections agents, and monitor collections activities.

Receipts Management

Oracle EBS Financials AR module provides a comprehensive receipts management system. The module enables organizations to manage all their customer receipts, including cash, checks, and electronic payments. The module also enables organizations to create receipts on behalf of customers and to apply receipts to invoices.

The module provides a range of functionalities to manage receipts, including automatic application of receipts, write-offs, and adjustments.

Credit Management

Oracle EBS Financials AR module provides a comprehensive credit management system that enables organizations to manage their credit risks effectively. The module provides a range of functionalities to manage credit limits, credit hold, and credit reviews.

The AR module also integrates with other modules such as Order Management to ensure that credit limits are enforced at the time of order entry.

Reporting

Oracle EBS Financials AR module provides a range of standard and customized reports to enable organizations to analyze their AR data effectively. The module provides a range of reports, including customer statements, aging reports, and collection reports.

The module also provides the flexibility to create customized reports using Oracle Business Intelligence (BI) tools.

Integration

Oracle EBS Financials AR module integrates with other modules such as General Ledger, Order Management, and Cash Management to ensure a seamless flow of financial information across the organization. The module also integrates with external systems such as banks and payment gateways to enable organizations to manage their financial operations effectively.

Conclusion

Oracle EBS Financials Accounts Receivable module is a comprehensive financial management solution that enables organizations to manage their receivables effectively. The module provides a range of functionalities to manage customer accounts, invoices, receipts, credit, and reporting. The AR module also integrates with other modules and external systems to ensure a seamless flow of financial information across the organization.

Organizations that implement Oracle EBS Financials AR module can benefit from improved financial management, reduced credit risks, and increased efficiency in managing their financial operations.