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INDIAN FINANCIAL SERVICE CENTER:

INDIAN FINANCIAL SERVICE CENTER ACCOUNT RECEIVABLE PROCESS

IFSC:

IFSC INTRODUCTION IFSC team was started on 1 st Jan 2009. IFSC team handling responsibility of the financial activities of First American through the secured software.

Title Insurance:

Title Insurance The purchase of a title is a single largest investment made in our life time. To safeguard our rights and investment title insurance assures that our rights and interests to the property are as expected, that the transfer of ownership is smoothly completed and we can receive protection from future claims against the property. It is the most effective, most accepted and least expensive way to protect our ownership rights.

Slide 4:

ARP-WEST ARP-EAST ACCOUNT PAYABLE(AP) ACCOUNT RECEIVABLE(AR) BANKING GENERAL LEDGER(GL) IFSC

ARP WEST REGIONS:

ARP WEST REGIONS MID-WEST(8 States) SOUTH –WEST(15 States) CALIFORNIA/SMS LOCKBOX (2states)

Tools for process:

Tools for process ORACLE – E-Business Suite JPMorgan Receivable Edge

Slide 7:

Settlement Process Flow Chart

Slide 9:

Process Flow in JPMC and Oracle START Log on JPMC and Oracle Down load the Necessary information Key the policy information in stars Policy error found yes/no Send to BA BA will make changes Cross validate by qc yes/no Ready for reconciliation NO NO YES Qc error found BA keys the missing information Ready for reconciliation Task completed YES NO YES

Slide 10:

E-mail remittance Process Flow START E-mail send to shift lead SME’S Key the policy information in stars Policy error found yes/no Send to BA BA will make changes Cross validate by qc yes/no Send to BA NO NO YES Qc error found BA keys the missing information Ready for reconciliation Task completed YES NO YES

Reports:

Reports Updating Lock box status in the productivity report. Updating time sheet with processed information and time spend on the task. Updating cash reconciliation report.

Slide 12:

Management Hierarchy

THANK YOU:

THANK YOU

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