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. |