Clever Credit

Who's making sure you're getting paid on time?

Give your SME business better control of overdue balances and approaching credit limits in Microsoft Dynamics 365 Business Central with Clever Credit. Ensure you get paid on time, every time.

Protect your cash flow

According to the latest Financial Services Bureau survey, about one in ten small businesses said that 80% or more payments are typically late…

Even for a profitable, well-run company, running low on cash is a huge issue - and often payment collection is the culprit. Therefore, it’s essential to arm your business with the necessary tools to effectively and efficiently perform credit management and avoid late payments.

Don't fall into the deep end of poor cash flow

Taking control of overdue balances and the approaching credit limits of your customers is vital, but can be a very big ask of your credit control team.

Our app for Dynamics 365 Business Central helps to remove some of the manual tasks from your Credit Control team, by automatically putting sales orders on hold if a customer has overdue balances or a particular sales order would put them over their agreed credit limit.

Chasing late payments creates significant administrative burdens for small business – 35% said they spent on average 1.2 whole days per month chasing late payments."

Financial Services Bureaux, Late Payments Report 2016

See the end of...

  Unpredictable cash flow

  Reduced working capital from late payments

  Lost or delayed sales due to inflexible credit rules

  Poor visibility of what's owed and who's chasing what

See the start of...

  Cash flow forecasting that can be trusted

  Reduced risk of late payments

  Reduced cost of sale

  Diarised, auto-prompted follow up for your team

Spend less time chasing late payments whilst simultaneously reducing average Days Sales Outstanding (DSO)

Help ease the drudgery of manual tasks for your vital credit management team and don’t let cash flow surprises kill your business.

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Greater visibility of outstanding balances – by account and credit controller

Assign customers to specific individuals in your credit control team to measure both the performance of each credit controller and their accounts.

Individual dashboards help each credit controller keep on top of their specific accounts, outstanding balances and daily tasks. Visibility by account means you can easily identify the biggest outstanding balances and also ensure you don’t miss the smallest balances either.

Views of what’s due for payment in the next [x] days, means a proactive approach to credit and prevents customers regularly exceeding their payment terms.

Reduce time-consuming admin

Follow up calls/to-do’s are automatically diarised and visible in credit controllers dashboards to remind them when to chase promised payments.

Less time spent on admin means more time dealing with customer queries to ensure more payments are made on time.

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Credit authorisation flexibility

Give nominated users specific credit authorisation limits; enabling sales orders to be released as required and/or define a specific grace period. Alternatively enable them to credit hold all orders to keep an eye on certain accounts, or cash sale accounts.

Recognise the importance of your biggest customers and tailor your credit rules for them accordingly. Alternatively, exclude them from credit rules to ensure their account never gets credit held.

Making the most of your credit controllers’ knowledge and experience means unnecessary delays to important sales orders.

Faster dispute resolution

For those payments that are disputed, Clever Credit’s integration to Dynamics 365 Business Central means all the information on the order and its delivery is right at hand for your credit controllers.

Improved management of disputes through assigned responsibilities and agreed Service Level Agreements (SLAs) means faster resolution – and less late payments.

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"Clever Credit is easy to use and gives great flexibility at a customer level to define individual credit limits..."

Ian Strangward, Karndean

Want to get started with Clever Credit?

Call us on 01902 578300 or use the form below to take control of your cash flow.

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Start your journey towards excellence with Microsoft Dynamics 365

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