Traditional invoicing and accounts receivable methods are inefficient with manual tasks, delays in invoicing and posting payments, plus time-intensive collections efforts with little insight. That’s why VersaPay focuses exclusively on the invoice-to-cash process and offers its cloud-based, intelligent AR solution, VersaPay ARC™. This eBook will detail 6 ways VersaPay ARC will transform accounts receivable for your business.
In the digital world, B2B transactions are constantly changing. The manner in which transactions are initiated and conducted have to improve as the pace of business moves faster every day.
With VersaPay ARC, you will extend the capabilities of your Oracle JD Edwards EnterpriseOne platform to complete your order-to-cash cycle. As an Oracle Validated Integration partner, VersaPay seamlessly pulls customer, invoice, and payment data from JD Edwards to power a robust invoice-to-cash platform.
When JD Edwards is paired with VersaPay ARC, you can offer a superior experience for your team and customers. Your team will gain visibility into accounts to collect smarter, communicate effectively with customers, automate tedious manual task and collect smarter. In turn, your customers will enjoy the convenience to view invoices, communicate with your team and pay online through the self-service portal.
By offering your customers a self-service invoicing and payment portal and empowering your team with an AR platform, your integration of ARC with JD Edwards will not only get you paid faster, but make your customers happier.
VersaPay ARC has been integrated with an Oracle on-premises application and tested to ensure it is functionally sound and performs as designed. Given that VersaPay is a validated integration partner, you will reduce deployment risk, lower total cost of ownership and ensure a great user experience integrating VersaPay ARC with your Oracle platform.
A key component of VersaPay’s integration strategy is the intelligent integration agent, VersaPoint. An enterprise grade connector, VersaPoint automates the synchronization of customer, invoice, and payment data between ARC and source systems such as Oracle’s JD Edwards EnterpriseOne. This integration and connector strategy has several benefits including, but not limited to:
The VersaPoint connector is installed on the host environment that can be running Windows, Unix, Linux, or Mac operating systems. The connector can be configured to run customizable SQL queries—connecting to the underlying Oracle database through ODBC—at scheduled intervals. This configuration can be updated remotely at any time without maintenance downtime.
The extracted customer and invoicing query result data are staged as local CSV, then transmitted via HTTPS to ARC and imported. Customer data includes account numbers, names, contacts, email addresses, and bill-to and mailing addresses. Invoice data includes invoice header information such as gross amounts, issue dates, due dates, open amounts, and tax amounts; invoice details including line-item description, quantities, unit prices, and extended amounts; and currency codes; shipping information; and company codes.
The VersaPoint connector securely downloads payment export data and files at scheduled intervals from ARC and stages them as local CSV. Importing payments into JD Edwards EnterpriseOne automatically is not yet supported.
Download JD Edwards Integration PDF
Looking for more insights, tips, and general information on accounts receivable automation? Check out the links below.
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