What problem does it solve?
Credit control can turn into a cash flow bottleneck when not managed properly. This Skill ensures efficient debt collection, reduced DSO, and minimized bad debts.
Core Features & Use Cases
- Credit Terms & Onboarding: Define standard credit terms and onboard customers with structured credit applications.
- Collections Process: Implement a systematic collections process that reduces the time to collect outstanding debts.
- Debtors Age Analysis: Regularly review the aging of debts to proactively manage and minimize credit risk.
- Late Payment Interest: Enforce interest on late payments as per legal frameworks to encourage timely settlements.
- VAT Relief on Bad Debts: Understand and apply VAT relief on irrecoverable bad debts.
Quick Start
Analyze debtors' aging to identify accounts at risk of default and apply necessary collections measures.