Credit Policy Management

Businesses do not always pay their vendors immediately for received goods or services. To avoid running out of cash, your company may need to set up proper management of customer credit. Credit management tools may include tools for managing customer credits, tracking customers' outstanding balances, and treating bad debts.

You can define site-specific credit terms, which can be associated with specific vendors (or vendor classes) and customers. The credit terms, which are applied to both outgoing and incoming payments, define the due dates and the available cash discounts.