Multiple choice technology packaged enterprise solutions

Identify a statement that apply to Oracle Collections.

  1. A. It is a Web-based self-service application.

  2. B. It can be used to place an invoice in dispute.

  3. C. It enables customers to see their own Oracle Receivables account information, such as balances.

  4. D. It enables you to create transactions

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Oracle Collections is a module that allows collectors to manage customer accounts, including placing invoices in dispute when customers contest charges. Option A describes the iReceivables self-service application (customer-facing), Option C also describes iReceivables, and Option D is incorrect because Collections is for collecting on existing transactions, not creating new ones. Placing invoices in dispute is a core Collections functionality.

AI explanation

Oracle Collections is an internal, agent-facing application used by collectors to manage past-due accounts, including actions like placing a disputed invoice on hold/dispute status, recording promises to pay, and tracking collection activities. It is not itself the customer-facing web self-service tool (that's iReceivables, which lets customers view their own balances and account information) and it isn't primarily a transaction-creation tool (that's the Receivables Transactions/AutoInvoice functionality). So 'can place an invoice in dispute' correctly identifies Collections' function, while the other options describe other Oracle Receivables-family modules.