Configure Credit Monitoring

… whether customers blocked with status 90 in the Status field in ‘Customer. Open’ (CRS610/E) are included when retrieving information in ‘Credit Monitoring. Create Transactions’ (RMS410).

– Value 1 and 2: Not applicable.

… whether customers having exceeded the first credit limit specified in ‘Customer. Open’ (CRS610/J) are included.

For more information on this and the following credit limit fields, see Apply Company Credit Policy to Customer

– Value 1: Amount past due

– Value 2: Credit limit 1.

… whether customers having exceeded the second credit limit specified in (CRS610/J) are included.

– Value 1: Outstanding amount

– Value 2: Credit limit 2.

… whether customers having exceeded the third credit limit specified in (CRS610/J) are included.

– Value 1: Outstanding amount and amount for open orders

– Value 2: Credit limit 3.

… whether customers who have exceeded their insurance limit specified in (CRS610/K) are included.

– Value 1: Outstanding amount

– Value 2: Insurance limit.

… whether customers with a specified DSO code are included.

– Value 1: DSO code

– Value 2: DSO value.

… up to six DSO codes to be used as a selection criteria when retrieving information for credit monitoring, provided the DSO code check box is selected.

Example

By selecting DSO code 2, only customers buying less but increasing credit time are included. By adding code 5, customers with unchanged buying habits but with increased average time for payment are included as well.

– Value 1 and 2: See previous field.

… whether customers with an invoice past due more than the number of days specified in (RMS905) – see below – are included.

– Value 1: Total amount past due for selected invoices

– Value 2: Number of invoices

… the maximum allowable number of days past due date for an invoice.

– Value 1 and 2: Not applicable.

… whether customers with invoices overdue the number of days specified in (RMS905) from the follow-up date – see below – are included.

– Value 1: Total amount past due for selected invoices

– Value 2: Number of invoices.

… the maximum allowable number of days past the follow-up date for an invoice.

– Value 1 and 2: See previous field.

… whether customers with invoices overdue the number of days specified in (RMS905) from the stop date – see below – are included.

– Value 1: Total amount past due for selected invoices

– Value 2: Number of invoices.

… the maximum allowable number of days past the stop payment date for an invoice.

– Value 1 and 2: See previous field.

… whether customers with unpaid and/or refused checks and drafts are included.

– Value 1: Outstanding amount

– Value 2: Number of documents.

… an exchange rate type previously defined in ‘Exchange Rate Type. Open’ (CRS056). The rate type is used when converting credit limits and past due amount to local currency during the selection of invoices in (RMS410).

… if invoices marked as outstanding without risk should be included.

A setting in (CRS075 - Payment Term. Open) determines whether an invoice should be classified as outstanding without risk.

An outstanding invoice amount without risk is a customer invoice or debt that is considered to be without risk in the accounts receivable according to the normal credit policy. The outstanding amount without risk is deducted from the outstanding amount when the credit limits are compared against the fixed credit limits.

Invoices with risk-free payment terms do not consume the available fixed credit limit that has been set for general trading terms. The benefit of this flexible approach to credit checking means that fixed limits do not need to be adjusted except as determined by the regular credit limit or customer risk reviews. For overdue invoices, all invoices are with risk even if they have been treated as risk-free before the due date has passed.