advanced credit management_brochure
DESCRIPTION
We looked at various solutions for our Microsoft Dynamics ™ AX Credit Control requirements from across the globe and found that the ICON Series solution was rich in features and satisfied our requirements. The solution is for organisations with 1 or 20 credit controllers. F.N. IT Manager, Alspec Pty Ltd FeaturesTRANSCRIPT
Credit Control& Collections& Collections
Are you releasing products to clients with overdue debts?The most complete, effi cient & innovative Credit Management Solution for Microsoft Dynamics® AX in the world.ICON AX - Credit Control & Collections automates and streamlines the business processes involved in good credit control management. Built 100% in Microsoft Dynamics® AX and tightly integrated with the Accounts Receivable and Sales Orders modules, pro-actively suggests credit control activities improving cashfl ow, reducing bad debts and new account risk scoring.
Stop orders from being picked and confi rmed before outstanding debts are cleared.
Features
• Self-chasing• Automated Case Creation• Chargeback Management• Automate Follow-Up Communication• On Screen Statistics• Set Target Collection KPI’s• Centralised Credit Control Queue• Risk Scoring• Detailed Chase History• Automated Credit Control Offi cer Allocation• Automated allocation for release of Cash on Delivery orders• Shared Credit Limit across Entities• Block Orders based on another Company within the Group• Suggested Credit Limits• Centralised Ageing across Entities
We looked at various solutions for our Microsoft Dynamics® AX Credit Control requirements from across the globe and found that the ICON AX solution was rich in features and satisfi ed our requirements.
F.N. IT Manager, Alspec Pty Ltd
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Credit ManagementCash fl ow is a key metric in any business. Slow paying debtors cause an organisation major issues. Best practice credit control management ensures the business maximises profi t. In today’s world where organisations are increasingly extending their payment days, a software solution which gives the credit control department the tools necessary to run a tight ship is critical, it is even possible to enforce these practices.
Credit Control & Collections part of the Icon AX suite of solutions is a powerful, global credit control solution written in and for Microsoft Dynamics® AX. It works with the Accounts Receivable and Sales modules to reduce bad debts, improve your cash fl ow and increase the bank balance. Credit control can be a time consuming exercise involving insight into various factors, the Credit Management solution ties all these facts into a simple, easy to use screen allowing the credit controller to make fast decisions & follow up.
The ability to make a quick decision on a “blocked” order because the account is overdue or is over credit limit means both the sales department and customer is more quickly informed and therefore satisfi ed. You don’t even need to switch screens to see customers of multiple companies in your organisation, allowing centralised confi guration.
Never miss a follow up call and remove manual checks to see if that payment promised has been received – the solution simply removes the follow up task. Use the power of the module to automate tasks for overdue accounts and those nearing their credit limit.
Credit ManagementSales orders failing a Credit Control rule such as an overdue account, over credit limit are placed into a centralised form where all sales order under review for all companies (Multi Company) can be seen from the one place. Further checks and account follow up can precede the releasing of the order. The order can be checked at any point within the order cycle i.e. Confi rmation, Picking List, Invoicing etc.
Credit Control Rules
Creating and Managing Claims
Managing ChargebacksCreating and managing chargebacks is becoming increasingly important as more and more penalties are applied due to compliance. Not managing this process correctly can be very costly. Create chargebacks at the time of recording customer receipts or as an issue is registered to the credit controllers.
Benefi ts• Reduce bad debts by monitoring customers• Save time due to Automated Credit Control
Tasks• Manage and control disputes so invoices
get paid• Save time and space in the warehouse by
picking goods which can leave• Reduce Risk with automated Credit Risk
Assessment• Fully integrated and written in Microsoft
Dynamics® AX language X++, utilising features updated in AX2012
• Minimise risk, full source code• Reduce clicks, information tailored to the
credit controller• Reduce Risk with automated Credit Risk
Assessment should become Reduce Risk Across the Enterprise.
Integrated Solution Enhancing Microsoft Dynamics® AX.Credit Control and Collections is totally integrated into standard Microsoft Dynamics® AX Sales Order Process and Account Receivable ensuring decision on credit extension and enforcement of credit limits are made at the source of processing with the full history of integration with the customer.
Complete integration with Microsoft Dynamics® AX with all information only a click away.
Risk and Credit Limits With the ability to set credit limits for individual and cross companies, risk exposure can now be minimised and ‘group’ debts now monitored and tracked automatically.
Generate and Set Credit LimitsSet credit limits for individual customers based on rules specifi c to your industry and business.
Cross Company Credit Limits and Overdue Debt CheckingEasily set up credit limits and manage debts across the enterprise for single or multiple companies within a group.
For more informationcheck out:
www.iconax.com
ICON AX and Microsoft Dynamics® AX PartnersThe right partnership
Founded in 2004 ICON AX was built on customer orientated success and a philosophy steadfast in being a specialist in Microsoft Dynamics® AX. Our mission has remained unchanged,
‘To enhance our customer’s business through the delivery of intelligent, quality solutions’.
ICON AX, developed and marketed by ICON AX, is a set of Microsoft Dynamics® AX extensions sold and supported by Microsoft Dynamics® AX resellers around the globe. Our solutions are intelligently developed using the X++ tool set to seamlessly enhance Microsoft Dynamics® AX delivering a deeper and more functional solution to the end users, while enabling our international partners to easily maintain the solution.
With headquarters based in Melbourne and operations in Sydney, the United States and Canada, the ICON AX team has experience operating in many different regions.
ICON AX’s recognitions:
• Microsoft Partner Network - Gold Enterprise Resource Planning• 2011 and 2010 President’s Club, Microsoft Dynamics® AX • 2011 Microsoft Dynamics® ISV of the Year - Asia Pacifi c
Victoria
Level 1 153 -161 Park St
South Melbourne, VIC 3205
Tel: +61 3 9001 0699
New South Wales
Level 20 Tower A, Zenith Centre
821 Pacifi c Hwy
Chatswood, NSW 2067
Tel: +61 2 8014 5099
USA
Unit A 4784
1300 Boblett Street
BLAINE
WA 98230, USA
Tel: +1 778 588 7474
Risk ScoreCustomers are allocated a risk score based on rules which can be tailored and set up by the credit offi cer