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Financial Rep Meeting. February 17, 2014. Controller’s Office STUDENT FINANCIAL SERVICES John Bembry. Changes to Accounts Receivable. From a staff perspective we are able to see accounts receivable in much greater detail
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Financial Rep Meeting February 17, 2014
Changes to Accounts Receivable • From a staff perspective we are able to see accounts receivable in much greater detail • Student Central provides an itemized breakdown of all activity on an account • Including clearly delineated referential integrity • Tying payments, waivers, and adjustments to the charges that they affect, right on the screen
Accounts Receivable • The system also delivers a robust internal collection engine • Provides electronic workflow and routing of accounts • Should result in a higher collection rate on student and organizational accounts • Without the assistance of external collection agencies • Simplicity of the views + agility of configurable items • Better service quality as well as better revenue collection