Give your SME business better control of overdue balances and approaching credit limits in Microsoft Dynamics 365 Business Central with Clever Credit. Ensure you get paid on time, every time.
According to the latest Financial Services Bureau survey, about one in ten small businesses said that 80% or more payments are delayed or late.
Even for a profitable, well-run company, running low on cash is a huge issue - and often payment collection is the culprit. Therefore, it's essential to arm your business with the necessary tools to effectively and efficiently perform credit management and avoid late payments.
Taking control of overdue balances and the approaching credit limits of your customers is vital, but can be a massive ask of your credit control team.
Our app for Dynamics 365 Business Central helps to remove some of the manual tasks from your Credit Control team, by automatically putting sales orders on hold if a customer has overdue balances or a particular sales order would put them over their agreed credit limit.
Find out how we've helped fish and chips supplier Henry Colbeck to achieve better processes.
Automatic credit hold for sales documents when customers have invoices overdue past a definable ‘grace period’ or the document takes them over their credit limit.
Ability to see the credit status of a transaction as its entered.
View all transactions that are held due to credit issues.
Hold specific contact details for chasing payment against each customer together with notes on the payment processes.
Listing accounts with balances displayed allowing sorting by defined ageing, overdue, promised and credit to-do’s.
Record chasing activities and create a record of promised payments, disputes etc.
Set follow-up dates to create to-do diary entries for credit control activities.
Have ‘to-dos’ to chase promised balances automatically complete when payments are received and allocated.