Automate the Credit and Rebill Process for Ag Retailers with Levridge
In the ag retail business, it isn’t unusual to have multiple growers financially responsible for a sale. Depending on operations, a single grower might have different billing configurations for each situation or commodity. Without the right solution in place, tracking those billing configurations can be overwhelming and cumbersome. Frequently, invoices are generated that don’t account for the correct billing configuration, leading to changes and reversals in already posted invoices. Needless to say, this strategy is inefficient, error-prone, and time-consuming for ag retailers.
With Levridge, the credit and rebill process are automated, enabling billers to make adjustments quickly and easily, and accurate invoices can be generated in only a few steps. With this solution, you not only decrease the average days to pay but also increase grower and employee satisfaction.
Within the credit and rebill function in Levridge, your finance team can update invoices and sales orders to include additional splits or changes. You simply select the invoice to be updated, and the system will automatically create a negative sales order and apply it toward the invoice, effectively closing it out. A new sales order is then generated, which is open for changes and modifications needed to rebill the customer.
Updating the split can be done in just two clicks. Once the modifications have been made, the invoice can be saved and sent to the grower for payment.
If a prepayment or separate payment has already been received on an invoice that needs to be modified, you can simply unapply the payment and offset the deposit, update the invoice with credit and rebill, and reapply the payment.
Levridge is a cloud-based accounting, operations, and customer relationship management system built specifically for the agriculture industry. Built on the power of Microsoft Dynamics 365, Levridge can help you add to your bottom line and grow your ag business. Reach out to Stoneridge Software to learn more about the Levridge solution.