Increase Receivables Liquidity
Automate payment receipt, application and refunds across a variety of convenient payment choices including ACH, credit cards, and purchase cards to encourage timely payment and reduce your days sales outstanding (DSO). Configurable late charge rates give you control when utilizing this important method of communication. Oracle Receivables enables you to record customer payments efficiently and timely – providing collectors with up to the minute information on customer accounts. The ability to mirror your customer’s enterprise structures to model their payment trends helps you to refine receipt application and reduce unidentified payments. Immediate placement of customer deductions in a researcher’s queue accelerates the research-to-resolution cycle and gets invalid claims back into the collection process.