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Oracle Exam 1z0-1107-2 Topic 1 Question 25 Discussion

Actual exam question for Oracle's 1z0-1107-2 exam
Question #: 25
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 Kris at Jul 12, 2024, 04:26 PM

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Audrie
4 months ago
Spreadsheet? What is this, the dark ages? We're talking about automating cash receipts, not keeping track of our grocery lists. Lockbox is the way to go, folks.
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Geraldo
3 months ago
Toolbox doesn't seem like the right choice for automating cash receipts.
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Norah
3 months ago
Automatic Receipts could also work well for streamlining the process.
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Michal
3 months ago
I agree, Lockbox is the best option for automating cash receipts.
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Adelle
3 months ago
Lockbox is definitely the way to go. It's efficient and secure.
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Cathrine
4 months ago
Toolbox? Really? I think someone's been watching too many home improvement shows. The answer has to be Lockbox, right? That's the only one that makes sense.
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Mica
4 months ago
Definitely, Lockbox is the most suitable method for this process.
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Roxane
4 months ago
Yeah, Toolbox doesn't really fit in this scenario. Lockbox is the way to go.
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Theola
4 months ago
I agree, Lockbox is the best option for automating cash receipts.
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Marvel
4 months ago
Automatic Receipts? I guess that's one way to do it, but it doesn't really address the direct bank deposit part of the question. Hmm, let me think about this a bit more.
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Natalie
3 months ago
B) Lockbox
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Ettie
4 months ago
C) Automatic Receipts
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William
4 months ago
B) Lockbox
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Rhea
4 months ago
A) Spreadsheet
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Glennis
5 months ago
Lockbox? Seriously? That sounds like a place you'd keep your spare change, not a method for automating cash receipts. Come on, people!
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Mauricio
4 months ago
Automatic Receipts is another great option for automating cash receipts, it's worth considering.
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Adolph
4 months ago
It may sound like a place to keep spare change, but it's an efficient way to streamline the process.
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Aleta
4 months ago
Lockbox is actually a method used by many organizations to automate cash receipts.
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Herman
5 months ago
I believe Lockbox is the most secure and efficient option for automating cash receipts.
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Pok
5 months ago
I'm not sure, but I think C) Automatic Receipts could also work well.
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Cathrine
5 months ago
I agree with Edward, using a Lockbox would streamline the process.
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Edward
5 months ago
I think the best method is B) Lockbox.
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