Finance Accounts Receivable Reference Architecture

There are generally fairly common steps across finance departments the world over when it comes to the Accounts Receivable process. As with every enterprise organisation, there are always nuances along the way so it’s important to adapt these architectures to accurately document your actual process.

1. Customer places Order with your Company either via an Account Manager or similar type of role
2. Company Finance Team completes relevant credit checks
3. Company approves the relevant amount of Credit
4. To enable the Order to be Placed
5. The Company Delivery Team will start the work that has been requested
6. Then ultimately complete that work to a satisfactory outcome
7. To enable an Invoice to be created
8. Send the Invoice to the Customer
9. So they can Pay the Invoice in a timely manner
10. Enabling the process to be completed with the final Reconciliation step

Simplified Accounts Receivable Reference Architecture