Tuesday, 6 September 2016

Collectors in oracle receivable

What is Collectors in oracle receivables

In this blog we will see what is collectors in oracle receivables and how to create collectors in oracle receivables

What is Collectors in oracle:

Receivables allows you to create collectors and you can them to a specific profile class or to a customer's credit profile class. After you assign a collector a to profile class, that collector becomes the collector for customers which are assigned with that profile class.

Collector in oracle is that the one who is chargeable for collection of amounts. The Collectors are going to be appointed to a profile class or to a customer's credit profile class. Once you assign a collector to a profile class, that collector becomes the collector for all customers appointed that profile category.

Steps to create collectors in oracle receivables:

1. Go to the Collectors window.

2. Enter the Name and Description of the collector.

3. Enter the other details as well like telephone number, correspondence address . If you want you can use this information on your dunning letters as well.

4. Save your work.