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Oracle Exam 1z0-1107-2 Topic 1 Question 23 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam
Question #: 23
Topic #: 1
[All 1z0-1107-2 Questions]

Your organization has decided to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Which method can your organization implement to achieve this? (Choose the best Answer.)

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Suggested Answer: B

Lockbox is the method that your organization can implement to automate the entry of cash receipts by using a method where the customer goes and deposits the money directly into your bank account for the due invoices and the banker provides a data file to you. Lockbox is a service provided by banks that allows customers to deposit their payments directly into your bank account without sending them to you. The bank sends you a data file with the details of the payments and the invoices that they apply to.You can import this data file into Oracle Receivables and create receipts automatically1.Reference:Oracle Financials Business Process Certified Foundations Associate Rel 1


by Lashonda at Jul 04, 2024, 07:30 AM

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Louvenia
4 months ago
Hold on, did someone say Toolbox? I'm all about that, let's get our DIY on!
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Johnetta
4 months ago
Lockbox, hands down. Can't go wrong with a tried and true method like that.
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Casey
3 months ago
Automatic Receipts could also work well for this situation, but Lockbox is a solid choice.
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Shelba
4 months ago
I agree, it's a reliable method that streamlines the process.
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Jesusita
4 months ago
Lockbox is definitely the way to go for automating cash receipts.
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Oretha
5 months ago
Lockbox seems like the obvious choice here. Why use a spreadsheet when you can automate the whole thing?
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Dierdre
3 months ago
Toolbox doesn't seem relevant for automating cash receipts.
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Portia
3 months ago
Spreadsheet could be useful for manual entry, but not as efficient as Lockbox.
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Teresita
3 months ago
Automatic Receipts would also work well for this process.
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Ronald
4 months ago
I agree, Lockbox is the best option for automating cash receipts.
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Shannan
5 months ago
I believe Lockbox is the best choice because it streamlines the process and reduces manual effort.
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Glen
5 months ago
I think Automatic Receipts would be the way to go. It sounds like it would streamline the process nicely.
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Angelyn
3 months ago
I'm not sure about Toolbox, but I think Spreadsheet might also work for this purpose.
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Edward
3 months ago
I think Lockbox might be a better option, it ensures the money goes directly into our account without any manual intervention.
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Melina
4 months ago
I agree, Automatic Receipts would definitely make the process more efficient.
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Corrinne
4 months ago
I'm not sure, but I think Spreadsheet could work too if set up properly.
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Ty
4 months ago
I think Lockbox might be a better option, it seems more secure.
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Simona
4 months ago
I agree, Automatic Receipts would definitely make things easier for us.
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Willard
5 months ago
I'm not sure about Lockbox. I think C) Automatic Receipts could also work well.
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Donte
5 months ago
Definitely go with the Lockbox option. It's the most secure and efficient way to automate cash receipts.
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Gilberto
5 months ago
I think Lockbox is the most secure method for automating cash receipts.
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Barrett
5 months ago
Automatic Receipts could also work well for streamlining the process.
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Tyisha
5 months ago
I agree, Lockbox is the best option for automating cash receipts.
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Luz
5 months ago
Lockbox is definitely the way to go. It's secure and efficient.
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Paris
5 months ago
I agree with Devora. Lockbox seems like the most efficient option.
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Devora
6 months ago
I think the best method to implement is B) Lockbox.
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