Automate credit control and management to reduce outstanding
Syed Rasik
FMCG Distributor, Tamil Nadu
Sanjeev Khurana
FMCG Distributor, Punjab
Kishore Nair
F&B Distributor, Bengaluru
Uncontrolled credit exposure in market can
lead to huge outstanding and bad debt!
Outstanding in the distribution business is common; although, if left unchecked,
the business may face a loss in net margin.
Late Payments?
Late payments become an issue while selling goods on credit.
- Big orders fulfilled from retailers without capacity to timely pay-back
- Missed checking past dues before dispatching new goods on credit
- Lack of compiled outstanding at one place, leading to irregular follow-ups
Payment Defaults?
Excess credit to poorly performing customers or customers in financial crisis lead to payment defaults.
- Mismanaged retailers lack capacity to pay back
- Micro businesses lacking accountability may not bother paying back
- Past dues and invoices go unchecked while taking new orders
Manual Outstanding checks?
To prevent excess credit from being given to a customer every order needs to be checked.
- Personally checking every bill is difficult when a business is growing
- Asking billing staff to do a credit check on every order is inefficient
- Manual check leaves many loopholes and excess credit can slip through gaps
Outstanding in Market Increasing?
Increasing market outstanding can become very hard to control.
- Manually Tracking outstanding is difficult on a regular basis
- Outstanding regularly increases every time more credit is given new order than the payment made for past dues
- Lack of automation leaves many loopholes and gaps
Late payments and increasing defaults hold your business back from growth
Unmanaged credit results in rising market outstanding. It can adversely affect business cash flow and growth.
Increases credit outstanding
Manual credit management leads to an increase in receivables.
- Goods are delivered, despite outstanding
- Missed checking out past dues
Eats away profit margins
Poor credit management leads to defaults and bad debt that hurts your margins.
- Cost of capital increases because of interest
- One payments default can off-set profits of multiple orders
Cash Flow Issues
Excess goods given to businesses with poor credit performance leads to
- Late payments which affect your working capital
- Increase in Daily Sales Outstanding
Holds back business growth
A big majority of businesses can’t survive or grow due to poor credit management.
- Expansion plans are on hold because of fear of credit mismanagement
- Rising bad debts can leave your business unviable
Checking every order personally can’t go on for long
You personally checking dues before processing every orders, will take lot of your time.
- Prevents you from focusing on bigger aspects of your business
- High dependency on you will hold you from growing the business
Staff manually verifying outstanding leaves many loop-holes
Over-sight and mistakes are bound to happen when staff manually checks credit exposure.
- Tedious to check due invoices and outstanding
- Credit checks might get missed in some orders
Credit check every order automatically and control your market outstanding
Realize revenue faster by managing credit systematically. Reduce outstanding
and boost cash flow in your distribution business.
Multi-Level Credit Worthiness Ratings
Define multiple levels of credit ratings based on credit worthiness of your customers.
- Limit max credit amount that can be given
- Limit number of days invoice can be outstanding
- Limit max number of invoices that can be outstanding
Assign Credit Ratings & Factors to Customers
Classify and assign credit ratings to your customers.
- Classify customers based on their past payment history, due payments
- Assign credit ratings to customers
- Override credit limits for specific customers in exceptional scenarios
Auto-Check Credit Limits
When ordering and billing, the credit limits are automatically checked.
- Every order undergoes automatic credit check and an order is not confirmed if the check fails
- All factors, including in-process recent orders, uncleared cheques etc are considered
- Special credit leeway can be given to allow orders to be processed in one-of cases
Empower your business to expand freely with auto credit control
Achieve your growth with technology you can trust.
- Reduce the stress of manual checks
- Avoid worries of oversight by staff
- Enable staff to get done more with less effort
- Auto hold new order when past dues are not clear
- Track outstanding easily and get paid faster
See what our customers have to say about us
We are able to handle 6000 active customers with the help of Distributo DMS. We have grown 10X within last 5 years.
Sanjeev Khurana
FMCG Distributor, Punjab
When we started with Distributo, we are 1 brand, and now we are sitting with 6. I would have grown on monthly revenue, around 200X.
Kishore Nair
F&B Distributor, Karnataka
With Distributo, everything is easy and comfortable. In a day, easily we saved 4-5 hours and we can spend more time on business productivity.
N Shudeendra
FMCG Distributor, Karnataka
Frequently Asked Questions
Have a question? Call us on +91-8277208080
Contact our solution experts for any help. They will help you
answer any questions you may have.
Or you can always write to us at hello@bluesapling.com
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