Customer Credit Management in Odoo
Are you struggling with processing consumer loans at Odoo? Let me introduce you to a customer Odoo’s Credit Management app built for you!
Standard Odoo features provide basic credit limit alerts/warnings, but what if you need to prevent customers from using credit once the limit is exceeded, vanilla Odoo doesn’t support this requirement.
This is where our custom Odoo Customer credit management app comes in to be your financial angel. It goes beyond just warnings, offering a host of features designed to protect your business from credit risk.
Explore Features of Odoo’s Credit Management App
Standard Odoo alerts you when a customer exceeds their credit limit, but that’s it. It does not prevent the creation of new sales orders or the incurrence of additional costs. So, here’s what the customer Odoo Credit Management app does
Credit Limitations
The Odoo Credit Managementt app enforces predetermined limits and limits sales orders and payments when a customer reaches their limit. Proactive measures ensure you’re not left holding a bag of unpaid invoices.
Business approval process
Odoo Credit Management app gives a effective approval process. When a patron processes its limit, distinctive approvers can step in, overview the state of affairs, provide (or deny) an extension. This dependent procedure ensures accountable selection-making and avoids economic dangers.
The customers are there off
For customers who constantly push their credit limits, Odoo Credit Management offers a Customer On Hold feature. This will allow you to quickly restructure, promote a favorable credit score and protect your company. It is a challenging but worthwhile way to manage costs and maintain healthy customer relationships.
Are you tired of these Complicated Credit Management things?
- Endless restriction warnings with no real consequences?
- The constant worry about unauthorized sales across borders?
- Lack of a structured plan to deal with credit expansion?
How will Odoo’s Credit Management can Benefit your UAE Business?
Reduced risk of bad loans
By imposing credit limits and monitoring their extensions, Odoo Credit Management greatly reduces the risk of bad debt and protects your cash flow and financial health.
Improved cash management
Predictable cash flow is important for any business. Odoo Credit Management helps you manage your bills, and it helps you to plan your finances and allocations.
Increased customer relationships:
The Customer On Hold feature in Odoo can serve as an incentive for customers to improve their credit standing by ensuring financial security. This can lead to a strong and trusting relationship.
Streamlined business plan
Credit Management with Odoo automates crafting and centralizes loan arrangements, freeing up your team’s time to focus on core business activities. for more details on Customer credit management feel free to contact us.
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