Oracle Cloud - Revenue Cycle Management

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Oracle Cloud - Revenue Cycle Management

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  • Duration : 8 - 96 hours
  • Levels : Beginner, Intermediate and Advanced
  • Lectures : 2 - 24
  • Categories:Cloud
  • Tags: BillingServices, HealthcareFinance, RCM
Price:$250 - $2500
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Delve into the comprehensive realm of Oracle Cloud Revenue Cycle Management with our specialized course at Intell Edge Technologies. Tailored for finance professionals, revenue analysts, and IT specialists, this program offers an in-depth exploration of Oracle Cloud's Revenue Cycle Management module. Participants will explore key features such as revenue recognition, billing, and contract management, gaining the skills to optimize revenue processes and ensure compliance with accounting standards. Through hands-on exercises and practical scenarios, attendees will learn to configure and optimize Oracle Cloud's Revenue Cycle Management to align with the unique revenue management needs of their organizations. Whether you're a finance professional aiming to enhance revenue processes or an IT specialist involved in revenue system configuration, join us to unlock the potential of Oracle Cloud's Revenue Cycle Management and elevate your skills in managing the complete revenue lifecycle in the cloud.

  • Revenue Optimization
  • Billing Automation
  • Contract Management
  • Order-to-Cash
  • Revenue Recognition
  • Compliance Assurance

Overview

This curriculum provides a comprehensive understanding of Oracle Cloud Revenue Cycle Management, covering setup and configuration, revenue recognition principles, contract management, billing processes, and advanced topics in administration. Depending on the audience's prior knowledge and depth of coverage required, additional topics or hands-on exercises can be added to enhance the learning experience. Practical projects and case studies are crucial for reinforcing skills in an Oracle Cloud RCM training course.

Module 1: Introduction to Revenue Cycle Management

  • Overview of Revenue Cycle Management (RCM)
  • Importance of RCM in Business Operations
  • Revenue Recognition Principles
  • Oracle Cloud RCM Suite Overview
  • Key Features and Benefits of Oracle Cloud RCM
  • RCM in the Context of Financial Management

Module 2: Oracle Cloud RCM Setup and Configuration

  • Oracle Cloud RCM Instance Creation and Configuration
  • Setting Up Revenue Contracts and Agreements
  • Defining Performance Obligations
  • Configuring Revenue Recognition Rules
  • Establishing Revenue Events and Triggers
  • Security and Access Controls in RCM

Module 3: Revenue Recognition and Accounting in Oracle Cloud RCM

  • Overview of Revenue Recognition Methods
  • Recognition of Transaction Price and Variable Consideration
  • Allocating Transaction Price to Performance Obligations
  • Time-Based vs. Event-Based Recognition
  • Revenue Recognition Reporting in Oracle RCM
  • Integration with General Ledger and Financials

Module 4: Contract Management in Oracle Cloud RCM

  • Creating and Managing Revenue Contracts
  • Contract Amendments and Modifications
  • Contract Term Management
  • Handling Contract Changes and Adjustments
  • Revenue Forecasting and Planning
  • Contract Compliance and Auditing

Module 5: Billing and Invoicing in Oracle Cloud RCM

  • Overview of Billing Processes in RCM
  • Configuring Billing Rules and Workflows
  • Invoice Generation and Delivery
  • Revenue Impact of Billing Changes
  • Integration with Order Management and Billing
  • Billing Analytics and Reporting

Module 6: Advanced RCM Topics and Administration

  • Advanced Revenue Recognition Scenarios
  • RCM Performance Optimization
  • Handling Revenue Recognition Challenges
  • RCM Workflow Automation and Approval Processes
  • Compliance and Audit Considerations
  • Continuous Improvement and Best Practices in Oracle Cloud RCM

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