Oracle Financials Cloud: Receivables Fundamentals Course Overview:

The Oracle Financials Cloud: Receivables Fundamentals course is tailored to familiarize users with the key elements of Oracle’s Receivables Cloud Service. Through this course, participants will gain an understanding of the fundamental concepts and functionalities within the Oracle Financials Cloud: Receivables module. The curriculum encompasses a comprehensive exploration of Receivables Cloud’s robust capabilities in accounts receivable management, covering customer management, invoicing, payment processing, and more. The course aims to equip users with the necessary knowledge and skills to proficiently navigate Receivables management processes and effectively handle receivables-related tasks within their organization. By the course’s conclusion, users will have the ability to create customers and invoices, configure management information systems (MIS) and accounting setups, manage payments and refunds, generate reports, and more. Ultimately, the course is designed to establish a solid foundation in Receivable Cloud, empowering users to optimize the efficiency of their accounts receivable procedures.

Intended Audience:

• Finance managers
• Accounts receivable clerks
• Accounts receivable team members
• Sales personnel
• Customer service personnel
• Individuals with a basic understanding of accounting principles (debits and credits)
• Professionals with basic knowledge of financial application functionality
• Those interested in core financial concepts within the receivables module
• Individuals seeking to modernize processes and transactions using technology
• Those involved in managing accounts receivables
• Participants responsible for creating and managing customer invoices
• Individuals involved in customer statement creation and collection activities
• Finance professionals engaged in funding and cash management
• Those looking to enhance their understanding of Oracle Financials’ features, functionality, and integration capabilities.

Learning Objectives of Oracle Financials Cloud: Receivables Fundamentals:

1. Learn how to configure a business unit in Receivables, including parent-child relationships, structure and setup options.
2. Understand the different sources of customer data, and handle customer data, including importing, merging and updating.
3. Grasp how to collect customer payments and handle customer disputes.
4. Perform all stages of the invoicing process, from creating invoices to adjusting them.
5. Generate, save and print customer statements.
6. Explore Receivables activities and audit trail features.
7. Analyze Receivables through financial reporting and setup of miscellaneous receipts.
8. Develop familiarity with different types of financial writes and adjustments.
9. Investigate the activities related to collections, deductions and waivers.
10. Get familiar with the credit management and credit card processing cycles.