Struggling with Customer Credit Management in Odoo? Let me introduce a custom app built for you!
The standard Odoo features offer basic credit limit alerts/warnings, but what if you need to restrict customers from using credits once the limit exceeds, vanilla Odoo won’t be able to accommodate this need.
This is where our custom-built Credit Management App swoops in to be your financial guardian angel. It goes beyond mere warnings, offering a suite of features designed to safeguard your business from credit risks.
Explore Features of Custom Credit Management in Odoo
Standard Odoo warns you when a customer exceeds their credit limit, but that’s it. It doesn’t stop them from creating new sales orders or racking up even more debt. So, here’s what custom app does:
- Credit Limit Enforcement:
The app enforces predefined limits, automatically restricting sales order creation and invoice generation when a customer reaches their threshold. Proactive measures ensure you’re not left holding the bag for unpaid invoices.
- Approval Workflow:
The app introduces a powerful approval workflow. When a customer nears their limit, designated approvers can step in, review the situation, and grant (or deny) an extension. This structured process ensures responsible decision-making and avoids financial risks.
- Customer On Hold:
For customers who consistently push the credit limit, the app offers a “Customer On Hold” feature. This allows you to temporarily halt further transactions, encouraging responsible credit practices and protecting your business. It’s a firm but fair way to manage credit and maintain healthy customer relationships.
Are you tired of:
- Endless credit limit warnings with no real consequences?
- The constant worry of unauthorized sales exceeding limits?
- Lacking a structured system for managing credit extensions?
This custom credit management app is your answer!
How will custom Credit Management in Odoo benefit your Business?
Reduced Risk of Bad Debt:
By enforcing credit limits and controlling extensions, the app significantly reduces the risk of bad debt, safeguarding your cash flow and financial health.
Improved Cash Flow Management:
Predictable cash flow is essential for any business. The app helps you maintain better control over incoming payments, allowing for better financial planning and resource allocation.
Enhanced Customer Relationships:
The “Customer On Hold” feature, while ensuring financial security, can also serve as a nudge for customers to improve their credit standing. This can lead to stronger, more trusting relationships.
Streamlined Workflows:
The app automates manual tasks and centralizes credit management processes, freeing up your team’s time to focus on core business activities.
Are you interested in witnessing the app first-hand? Schedule a demo call.
