Accounts Receivable Standard

Medium

Purpose

Standardize the solution to enable the enterprise to manage Accounts Receivable.

Standard

  1. PeopleSoft Financials and Supply Chain Management (FSCM) from Oracle; will be used to fulfill accounts receivable business needs.

Definitions

Accounts Receivable - Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for.

PeopleSoft Financials and Supply Chain Management (FSCM) - PeopleSoft module for managing credit, collections, deductions, and disputes, in addition to core receivables processes and ensuring compliance with accounting guidelines.

Scope

This standard applies to all executive branch state agencies, including the University Systems Office but excluding other higher education institutions, i.e., campuses and agricultural and research centers.

Statement of Commitment

North Dakota's CIO/CTO directs that IT Policy be created to establish statewide information technology policies and standards as defined within ND Century Code (Chapter 54-59-09).

Non-Compliance

Non-compliance with this standard shall be reported to the Office of the State Auditor.

Revision Number: 1
Revision Date: 2021-04-06
Effective Date: 2021-04-06
Last Reviewed: 2022-08-11
Number: POL0020172