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

01sep10:00 am10:30 amEnsuring Quality and Compliance for Batch Manufacturers in Life Sciences

01sep12:00 pm12:30 pmIs it Worth It to Move to the Cloud? A Look at Considerations for Current Agribusinesses Using Dynamics GP

01sep2:00 pm2:45 pmWhat’s New in Dynamics 365 Finance and Supply Chain

09sep11:00 am12:00 pmConfab Live with Stoneridge – Data Strategy and Reporting – Mining Decision Making Insights

15sep10:00 am11:00 amSolving the Biggest Challenges in Agribusiness Through Innovation and Technology

22sep12:00 am12:30 pmSimplifying Payroll and HR Management with ADP Workforce Now

22sep10:00 am10:30 amStreamlining Batch Manufacturing with Technology

22sep2:00 pm2:30 pmProcess Automation for Microsoft Dynamics D365 for Business Central, Finance and Operations and GP

23sep11:00 am12:00 pmConfab LIVE with Stoneridge - Riding the Wave 2 Release – Key Features Coming to Dynamics 365 this October

27sep(sep 27)9:00 am15oct(oct 15)11:00 amDynamics 365 Finance & Supply Chain Development Training - Online Workshop

29sep10:00 am11:00 amTop Five Reasons Why NOW is the Right Time to Move from Salesforce to Dynamics 365 Customer Engagement

29sep12:00 pm12:45 pmUnderstanding Job Costing and Tax Management in Business Central

29sep2:00 pm3:00 pmDigitalizing Horticulture & Agriculture - How to Sell Plants Online and Simplify Business Management

30sep12:00 pm4:00 pmSecurity and Permissions Training for D365 Business Central or Dynamics NAV

october

27sep(sep 27)9:00 am15oct(oct 15)11:00 amDynamics 365 Finance & Supply Chain Development Training - Online Workshop

06oct10:00 am10:30 amPreview of D365 Business Central Fall Release Features and Functionality

06oct12:00 pm12:30 pmInsider's Guide to New Features Available in the Fall Release of D365 Finance and Supply Chain

07oct11:00 am12:00 pmConfab LIVE with Stoneridge - Dataverse and Dynamics in Review – Let’s Get Technical

21oct11:00 am12:00 pmConfab LIVE with Stoneridge - Dataverse and Dynamics in Review – Let’s Get Functional

26oct(oct 26)9:00 am28(oct 28)5:00 pmStoneridge Connect Leadership and Community Conference

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