<p>Copyright TM Forum 2006-2008<br/></p><p><br/></p><p><b>Overview</b><br/></p><p>The purpose of this application is to automate and manage the processing of financial transactions affecting the customer's financial account.  Furthermore this process is meant to match these transactions with the services/invoices delivered to this customer. This is a legal requirement in some countries e.g. as required by the Sarbanes-Oxley Act in the USA.<br/></p><p><br/></p><p><b>Functionality</b><br/></p><p>Receivables Management functionality includes the following:<br/></p><p><ul><li>A/R Management</li><br/></p><p><li>Journalization</li><br/></p><p><li>Financial Reporting</li><br/></p><p></ul><br/></p><p><b>Supported Contracts</b><br/></p><p><ul><li>Billing</li><br/></p><p><li>Customer Information Management</li><br/></p><p><li>Order Management</li><br/></p><p><li>External Credit Bureau Databases</li><br/></p><p><li>Accounts Receivable</li><br/></p><p><li>Collections</li><br/></p><p><li>External General Ledger</li><br/></p><p><li>External Accounts Payable</li><br/></p><p></ul><br/></p>