Credit control using Sage 50 gives users the protection for their steady business growth with features of a vibrant cash flow management facility. This application allows the credit controller to focus on debtors and yield significant benefits in terms of cash flow
It helps to minimize bad debts/doubtful debts dully appreciated by credit controller /credit manager. Through this application, users can save 100% of credit control time which can produce more cost saving and cash flow benefits.
Key benefits of the Credit Control Using Sage 50:
Credit Control using Sage 50 is an essential part of any business which helps to save time by chasing up payments by monitoring users’ outstanding invoices. Reminders are sent at set times with credit controller through a medium of “Debt Chaser” which helps to effectively manage cash flow and avoid late payments and bad debts.
The add-on option will send automated emails to customers before a due date, after the due date or both by showing a list of outstanding invoices and since how long it has not been paid. If the vendors or suppliers do not make payment even after 2-3 reminders, an internal email will be triggered so that the Sage users can switch to chase the customers through the telephone.
With help of Credit Control using sage 50 options, a user can manage outstanding debtors in the following ways :
- Users can handle bad debts or debtors
- Make outstanding payments.
- View transaction histories and aged balances of accounts
- View and manager disputing items appearing in accounts
- Keep records of customers and suppliers contact details
- The process is automated which saves a lot of time of the administrator
- The user can write off invoices
- Improve cash flow by pro-actively chasing more customers.
- Users can create or personalize email by using different templates.
- The credit control options are also linked closely with the Cashflow option, updating your cash flow forecast with outstanding payments and amounts already paid to vendors or suppliers.
In case a user needs assistance in understanding more benefits of “Credit Controller”, one can get in touch with our Remoteaccounting 247 –Sage 50 technical support helpline experts on +1-800-961-6588.
Features of Credit Controller:
Various features of credit controller can be summarized as follows:
Automated Emails :
This feature allows the user to set up automated emails which will be sent out to customers that have outstanding invoices to be paid pending for a long time. This boost users efficiency by allowing the automated emails to ease administrative tasks for the users and allowing them to concentrate on other important business tasks.
Customize email templates:
Customized templates include relevant information of customers, so that gentle reminder can be sent through email for impending legal action if payment is not made before or on the due date. The credit controller helps the user to choose severity of reminders, giving control on what is being sent to customers.
Customer specific terms :
If there are certain customers on specific credit terms, the credit controller will chase only those customers who have gone beyond those terms. Users can choose credit terms so that Sage users are assured that customers are not unnecessarily or accidentally chased for payment.