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Credit Management is considered an important activity for every business. Credit Management mainly involves two things:- Firstly, it ensures that your customers pay you on time for the goods or services you sold to them. The second and equally important activity in the credit management process is to ensure that you pay your suppliers on time. Now you must be wondering how D365 is gone help you in this tedious task of Credit management?
Effective credit management ensures optimum cash flow, contributes to a good reputation in the industry, protects financial stability, helps create long-term relationships with customers and suppliers, and saves you from additional costs of credit. Well, D365 can be leveraged for all of the above-mentioned things as it helps you manage credit effectively by enabling you to set up credit limits automatically, and risk classification based on risk scores.
This online training course provides a detailed overview of what are credit limits, risk scores, and risk classifications and how you can configure and set them in D365 for your customers and suppliers according to your organization and manage your credit successfully.
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