How to Manage and Close Out Grower Settlements in Minutes

By Keith Bangasser | April 13, 2020

How to manage and close out grower settlements in minutes

Traditionally, managing and paying grower settlements has been a complicated process that was only able to be completed by a handful of well-trained people within the organization. Customer service or settlement representatives would have to enter extensive data into one screen and could easily forget a step or miss a field, leading to inaccuracies and additional time and labor to address any issues.

In Levridge, processing grower settlements has been streamlined to maximize efficiency and make the process as simple and thorough as possible – for both the growers and the commodity accountant. With the Commodity Settlement Wizard, representatives are walked through the process of creating a commodity settlement in an easy to follow step-by-step format that covers all information that needs to be collected.

The wizard guides the user through a streamlined settlement request process that is optimized depending on if the settlement being requested is for stored grain, delivered on a priced contract, or an unpriced contract. The first step allows the rep to easily pull the grower’s data, including account information, commodity, branch, and disposition. This is a simple lookup that prompts based on information that is already stored within the software.

look up growers

From there, the user can select delivery and quantity information. Based on data from just those two screens, the wizard automatically prompts the user of inputs as needed to complete the transaction. Variable screens, depending on the scenario, then collect include information on:

Storage agreements


storage agreements

Purchase contracts

purchase contract

Real-time market values and prices

Stored and unpriced commodities then can be automatically priced based on real-time data from the market.

Additionally, customer service representatives can easily see any outstanding advances on the account, up-to-date information on grain that has been delivered, and a breakdown on payouts that have been completed and what is yet to be paid. Split payments can be set up to allow remittance to parties outside of the main grower, which could include lien holders, landlords, employees, charities, and more.


Additionally, the system will deduct fees, charges, and quality discounts from the settlement. Settlements can be deferred for later payment.

A summary of the transaction is generated, and the funds can be instantly transferred to the benefactors or a check can be cut. This whole process within Levridge takes less than a minute from start to finish – streamlining internal processes, increasing customer satisfaction, and allowing ag retailers to refocus labor efforts in other areas due to heightened efficiencies in the settlement department.

If you’re interested in learning how your ag retailer business can become more productive and efficient, reach out to the Levridge team.

Related Posts

Recommended Reading:

Managing Your Business Through Uncertain Times Using Dynamics 365 Finance and Operations

  Dynamics 365 Finance and Operations (F&O) can help you make informed decisions on how to move your business forward. […]

Read the Article
5.13.22 Power Platform

Using Power BI Object Level Security

  The following article will demonstrate how to use Power BI Object Level Security to disable column data based on […]

Read the Article
5.12.22 Dynamics CRM

How to Use the Stoneridge Support Portal

Stoneridge Software’s support portal is an intuitive and useful function that makes it easy for you to access resources to […]

Read the Article
5.6.22 Dynamics GP

Dynamics GP Transaction Removal: Purchase Orders

  Are you having performance issues with Purchase Orders?  Do you find that there are old Purchase Orders on your […]

Read the Article
5.5.22 Dynamics GP

The Real Story about the Long-Term Future of Dynamics GP Support

I’ve seen a number of people put forward comment that Dynamics GP is going away and you have to get […]

Read the Article

New Features in Dynamics 365 Business Central 2022 Wave 1 Release – Financial Enhancements

The Dynamics 365 Businses Central 2022 Wave 1 Release has a lot of new and exciting features to help your […]

Read the Article
4.29.22 Dynamics GP

Dynamics GP Transaction Removals: Bank Reconciliation

  This is part 2 of a 3 part series on Dynamics GP Transaction Removals. These quick tips will hopefully […]

Read the Article
4.28.22 Dynamics GP

Uncommonly Used Features – Integrate Purchasing and Payables to Fixed Assets in Dynamics GP

Being able to integrate Purchasing and Payables to Fixed Assets in Dynamics GP will help you create visibility for your […]

Read the Article

New Features in the Dynamics 365 Business Central 2022 Wave 1 Release – Ease-of-Use Features

  There are many new features in the Dynamics 365 Business Central 2022 Wave 1 Release to get excited about! […]

Read the Article

Start the Conversation

It’s our mission to help clients win. We’d love to talk to you about the right business solutions to help you achieve your goals.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!