S.No

Submodule

Description

Sustainability Focus

Impact

1

Accounts Receivable Management

Manages customer accounts, including open items, account balances, and customer payments.

Sustainable AR Practices: Encourage digital statements and e-payments to reduce paper usage.

Reduces paper waste and carbon footprint through minimized physical documentation.

2

Payment Processing

Handles incoming payments from customers, including payment allocation and reconciliation.

Eco-Friendly Payment Options: Promote the use of digital and eco-friendly payment methods.

Reduces the environmental impact associated with payment processing.

3

Dunning and Collections

Manages overdue payments, including sending reminders and handling collections.

Green Dunning Practices: Use digital communication for dunning to minimize paper waste.

Lowers the carbon footprint and waste associated with collections processes.

4

Installment Plans

Provides options for customers to pay their bills in installments.

Sustainable Payment Plans: Offer discounts for eco-friendly practices within installment plans.

Encourages customers to adopt sustainable practices while managing payments.

5

Clearing Control

Automates the clearing of open items based on predefined rules.

Eco-Optimization of Clearing: Automate processes to reduce energy consumption in operations.

Lowers the environmental impact of financial operations through optimized clearing processes.

6

Interest Calculation

Calculates interest on overdue payments and provides detailed reports.

Green Interest Calculation: Integrate sustainability metrics into interest calculation rules.

Encourages timely payments and responsible financial practices linked to sustainability efforts.

7

Security Deposits Management

Manages security deposits required from customers for certain services.

Sustainable Deposit Policies: Implement eco-friendly terms for deposit returns (e.g., paperless).

Enhances customer satisfaction and reduces environmental impact through sustainable deposit handling.

8

Revenue Recognition and Reporting

Ensures accurate revenue recognition and generates financial reports.

Sustainability Reporting Integration: Include sustainability metrics in financial reports.

Provides comprehensive insights into both financial and environmental performance.

9

Tax Management

Manages tax calculations and ensures compliance with tax regulations.

Green Tax Incentives: Leverage tax incentives for sustainable products/services.

Supports financial sustainability by optimizing tax management for green initiatives.

10

Subledger Accounting

Manages detailed accounting records for specific areas, separate from the general ledger.

Eco-Friendly Accounting Practices: Optimize subledger processes to reduce resource usage.

Reduces the environmental impact of accounting operations through efficient practices.

11

Returns Management

Handles the processing of returns, including refunds and adjustments.

Paperless Returns: Implement digital processes for handling returns to minimize waste.

Reduces paper usage and waste associated with returns processing.

12

Account Settlement

Manages the settlement of customer accounts, including final payments and account closures.

Sustainable Settlement Practices: Encourage eco-friendly options for final settlements.

Enhances environmental responsibility in the account closure process.

13

Bank Reconciliation

Automates the reconciliation of bank statements with internal accounting records.

Green Reconciliation Practices: Use energy-efficient systems for reconciliation processes.

Minimizes the carbon footprint of financial reconciliation activities.

14

Business Partner Management

Manages relationships with business partners, including customers and vendors.

Sustainable Partner Relationships: Prioritize eco-friendly partners in financial processes.

Strengthens sustainability across the financial value chain.

15

Customer Interaction Center

Provides a central interface for managing customer interactions related to financial transactions.

Eco-Friendly Customer Engagement: Promote digital interactions to reduce paper usage.

Enhances customer experience while reducing environmental impact through digital channels.