Epicor P21 is comprehensive enterprise resource planning (ERP) software tailored to the needs of wholesalers and manufacturers. One of the key distinguishing features of Epicor P21 is the ability to effectively manage B2B credit limits for customers. In this blog, we discuss some of the core features Epicor P21 offers for managing B2B credit limits for customers.

Credit Management Dashboard: The Epicor P21 Credit Management Dashboard provides a holistic view of your company’s credit portfolio. It allows companies to monitor the credit situation of their customers and assess their creditworthiness. The dashboard also allows managers to set credit limits for customers and track their credit against those limits.

Credit checking and scoring: Epicor P21 integrates with third-party credit agencies to provide real-time credit information about customers. This helps companies make informed decisions when extending credit to new customers or increasing credit limits for existing customers. The software also has built-in credit scoring features that allow companies to set up custom credit scoring models based on their specific needs.

Automated credit freeze management: Manually sending credit freeze notifications can be tedious and time-consuming. Epicor P21 automates this process by automatically placing an order on hold when a customer’s credit limit is exceeded. This feature ensures that companies always have control over their credit risk and minimize the risk of bad debts.

Real-time credit limit adjustment: Epicor P21 enables businesses to quickly adjust credit limits for customers based on their credit history and payment behavior. This feature comes in handy for high-priced orders or during periods of increased demand when companies may need to extend credit to their customers beyond existing limits.

Credit limit alerts: Keeping track of customer credit limits can be a difficult task, especially if you have a large number of customers. Epicor P21 has a useful function that sends notifications when the credit limit for a specific customer is about to be exhausted. This allows companies to proactively manage their customers’ credit and avoid potential credit risk.

Overall, Epicor P21 offers a robust and intuitive credit management system that helps companies stay in control of credit risk while ensuring smooth B2B transactions. With a credit management dashboard, real-time credit checks, automatic credit holds, credit limit adjustments, and alerts, Epicor P21 provides businesses with the tools to effectively manage customer credit limits and mitigate credit risk.