FICO Waited average Calculation Details identification

SAP : ECC 6.0
Vertical : Chemicals
Module : FICO
in Standard setup
Issue : Understanding WA mechanism
1. Invoce Date to Final Amt Recied from Customer withut cheq Bounce cases. Mechanism followed is FIFO no manual Bill booking.  possible. 1 Comp. with 3 Manf. locations 33 Depts. and cliental of 4000 customers. Aprox 3 lks Invoices and different payment modes
2. Calc Mechanism : Avg Collection Days party wise and district wise State wise
3.Analysis Region wise Party > Division>  District --> Region --> State --> As a country.
FIFO basis outstanding.The legacy system supports this well
Questions : 1. Will standard setup can support this ?
                   2. In case this need to build what is the mechanism to be followed
Pl. let me know. we are in the process of Evaluating SAP

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