Herbst Insight – Credit Control Need No Longer be Such a Daunting Task
In every business, cash flow is the lifeblood that keeps the business running. Without an effective credit management policy in place, a business can quickly become over burdened. The recovery of business debt can be a difficult and frustrating process which is often time consuming and sometimes unsuccessful. This is where having an integrated business management system can allow you control the flow of credit given by your company.
Credit control is at the core in Herbst Insights innovative business management software. With Herbst Insight, credit control starts at the order stage. Its integrated credit controls are incorporated in all relevant credit procedures throughout the software system itself. It facilitates both proactive and reactive ways to improve your business’s cash flow. Herbst Insight allows you to manage and control your debtors and creditors by storing all the information you need against your creditors. Now credit control need no longer be such a daunting task.
Herbst allows extensive and flexible credit constraints on customers allowing you for example to restrict the dispatch of goods on overdue accounts giving you an effective credit management tool. With numerous reports and user definable views, you can track the status of your credit purchases easily and identify all outstanding invoices and balances and those falling or about to fall outside their payment terms.
Some of the key features of Herbst insights credit controls are,
- Start credit control validations at the order stage
- Restrict dispatch of goods on overdue accounts
- Extensive and flexible credit constraints on customers
- Charge interest on selected overdue accounts
- Keep a record of all correspondence
- Customer credit rating for a more meaningful aged analysis
- Direct SMS functions
- Manage difficult accounts easily
- Credit pop ups on overdue accounts
- Automated personalised debtor letter functionality
Herbst Insights credit control is one of the strongest features of their innovative business management software. We here at Hybrid Technology Partners are resellers for Herbst Software ERP/BMS software, Insight. We also use the software in the day today running of our company. It has been indispensable, as we have grown over the past few years. If you would like to find out more about how an integrated software solution can help your business, then contact us here at Hybrid TP on 061-211444 or 1800-911 000.
If you want to learn more about ERP systems and their applications, look at our guide on ERP systems and benefits