Credit Management
Credit Management Allows You To
• Reduce your credit risk by alerting you or restricting shipments to customers who are on credit hold or over their credit limits
• Set up default credit term codes for processing customer payments and debit/credit invoices
• Calculate default due dates, discount dates, and discounts for goods and services
Why Consider?
• Credit is checked while you begin entering a sales order and again when you reach the trailer
• If the customer is over their credit limit or the current order puts them over their credit limit, the system automatically put the order on hold
• It also affects the decision whether to confirm the order
Setup Implications
• Sales Order Accounting Control needs to be set to determine whether the order is automatically placed on hold when doing the Sales Order Maintenance function
Note: In QAD Enterprise Edition, financial control settings are updated separately from operational settings to support detailed segregation of duties assigned with role-based security. In QAD Standard Edition, all control settings are updated in Sales Order Control.
