Cash Applications – Order to Cash

Job Description

About Us “Capco, a Wipro company, is a global technology and management consulting firm. Awarded with Consultancy of the year in the British Bank Award and has been ranked Top 100 Best Companies for Women in India 2022 by Avtar & Seramount . With our presence across 32 cities across globe, we support 100+ clients across banking, financial and Energy sectors. We are recognized for our deep transformation execution and delivery. WHY JOIN CAPCO? You will work on engaging projects with the largest international and local banks, insurance companies, payment service providers and other key players in the industry. The projects that will transform the financial services industry. MAKE AN IMPACT Innovative thinking, delivery excellence and thought leadership to help our clients transform their business. Together with our clients and industry partners, we deliver disruptive work that is changing energy and financial services. #BEYOURSELFATWORK Capco has a tolerant, open culture that values diversity, inclusivity, and creativity. CAREER ADVANCEMENT With no forced hierarchy at Capco, everyone has the opportunity to grow as we grow, taking their career into their own hands. DIVERSITY & INCLUSION We believe that diversity of people and perspective gives us a competitive advantage. Cash Applications Grade: M0-Administrator I Shift: Rotational – 7:00 PM to 4:00 AM (US Shift) & 12:30 PM to 9:30 PM (UK Shift) Location: Bangalore EC Office Qualification: Commerce Graduate or Postgraduate Experience: Minimum of 1 year of experience in Cash Applications within a medium or large organization Notice Period: Up to 30 days Work from Office Requirement: Hybrid mode, subject to changes based on Human Resources policies Role Summary: We are looking for a candidate with strong functional knowledge of the O2C Cash Application process to join our finance team in Bangalore. The ideal candidate should have hands-on-experience in applying incoming payments to customer invoices, reconciling discrepancies, and working with various payment methods. Familiarity with ERP systems, bank interfaces, and strong analytical skills to resolve unapplied or misapplied cash are essential for this role. JD: Key Responsibilities Review and apply cash to accounts receivable invoices. Report daily cash positions of the group to senior finance leadership. Interact with billing and local finance teams to obtain required details. Handle early payment discounts and short payment write-offs. Manage partial payment applications and net off invoices. Assist billing teams in self-billing reconciliation. Follow up on 'on account' payments with local finance teams or client contacts and clear them from accounts receivable. Prepare weekly and monthly cash reports. Adhere to timelines and service level agreements (SLAs). Skills: Effective communication and interpersonal skills Well-organized with the ability to meet tight deadlines Attention to detail Analytical mindset Understanding of business, systems, and tools Comfortable working in a fast-paced environment Proficiency in Microsoft Excel Team player with a quick learning ability Strong problem-solving and analytical skills Experience with PeopleSoft or other major ERP’s is an added advantage #US SHIFT - Night SHIFT #UK SHIFT - Hybrid