Credit Limit Management for Ag Retailers

by | Updated January 29, 2020 | Agriculture

Credit limit management for ag retailers is a difficult and manual process to administer due to the number of different growers and combinations of growers. Even robust ERP systems are without the specific functionality that ag retailers need. The ability to accurately set limits and warnings on various categories of transactions affecting each grower is vital. Levridge is the only software solution built to help ag retailers manage this complex process.

Within the Levridge credit limits module, your users can define what actions will happen based on the transaction origin. Additionally, they can set if those actions should be included in credit limits and what types of warnings or errors should happen if a credit limit is met or exceeded.

 

 

The types of ‘over the credit limit’ actions include none, error, or warning. An error prevents the user from proceeding with the transaction and a warning lets the transaction move forward, but alerts the user that they need to follow up or get approval before completing. Notifications can be set within the system that alert designated users when a warning is triggered.

Additionally, credit checks can automatically be run against split sales proposals. For example, if three different customers are listed on a sales proposal, a credit check will run against each individual, automatically taking into account each agreement they have in place, whether that be a sole purchase, or splits with other parties. If one person in the scenario is over their credit limit, the proposal will automatically be rejected.

With this system in place, your users can now immediately invoice for transactions in progress that meet credit limit parameters, speeding up your payment collection process. Additionally, those same users can:

  • Instantly identify any credit limit issues or overages
  • See how much a customer has outstanding and what their overall credit limit is
  • Check credit against all grain and commodities purchased
  • Process an order, but not delivered until the credit is available

Levridge not only allows your users to access this data in real-time but also has the ability to generate detailed reports and dashboards with this information, giving managers insights into the status of credit limit thresholds.

Watch the video below for an overview of how credit limit management works in Levridge.

 

Related Posts

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Upcoming Events

september

02sep10:00 am10:30 amThe Modern Manufacturer - Cycle Count Management

02sep12:00 pm12:30 pmBest Practices for Work Order Planning and Routing for Field Service Companies

09sep10:00 am11:00 amWhat is Levridge? An Overview of the Ultimate Ag Solution

09sep12:00 pm12:30 pmOverview of Microsoft Promotion for NAV and GP Clients

10sep11:00 am12:00 pmConfab with Stoneridge - Livestream - Field Service Comparisons

16sep10:00 am10:30 amThe Modern Manufacturer - Product Lifecycle Management

16sep12:00 pm12:30 pmHow to Upgrade to Dynamics 365 Finance and Operations: Examining Custom Code and ISV Implications

16sep2:00 pm2:30 pmScheduling and Dispatching for the Modern Field Service Company

23sep12:00 pm1:00 pmDynamics 365 Business Central Wave 2 Release Preview - An Overview of the Most Exciting New Features Coming in October

24sep11:00 am12:00 pmConfab with Stoneridge - Livestream - The Modern Workplace: Teams, Sharepoint, Outlook, Office, and AI Integration

30sep10:00 am10:30 amThe Modern Manufacturer - Return Management

30sep12:00 pm12:30 pmEmpowering Your Field Service Technicians with a Mobile Solution

october

07oct12:00 pm1:00 pmThe Three Paths to Business Central from Dynamics GP

08oct11:00 am12:00 pmConfab with Stoneridge - Livestream - The Vision and Strategy of Microsoft Business Systems

14oct10:00 am10:30 amThe Modern Manufacturer - Complex Cost Modeling

14oct12:00 pm12:30 pmGenerating Custom Inspection or Process Forms

19octAll Day22Stoneridge Connect Fall 2020

22oct11:00 am12:00 pmConfab with Stoneridge - Livestream - Stoneridge Connect Recap

28oct10:00 am10:30 amThe Modern Manufacturer - Engineering Change Orders

About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X