Credit Reform Integration
We’re excited to announce the integration of Credit Reform, a leading German Credit Reporting Agency, with our Collections platform! Here’s what you need to know:
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Customer Licensing: Please note that customers will need to have their own Credit Reform license. We are not in the business of reselling licenses.
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Credit Report Retrieval: Our system will automatically fetch Credit Reports for all active accounts.
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Alert Monitoring: Stay updated with real-time alerts as the system monitors and updates Credit Reports.
Ready to leverage this powerful new integration? Let's enhance your collections process together! See our Credit Reform User Guide for more information.
SMS availability in the US
SMS is now available for suppliers in the US to send reminders by SMS.
Open Balance Updates in Collections
We have enhanced our system by streaming payment data from payment history directly into Collections. This improvement ensures that invoices are updated immediately upon payment. As a result:
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Paid invoices are automatically removed from the collection process.
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Collectors save time by avoiding unnecessary follow-ups on settled invoices.
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Buyers will no longer receive reminders for invoices that have already been paid.
This enhancement streamlines the payment and collection process, making it more efficient and user-friendly.
In Collections, payment history will be handled as follows:
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If open balance shows that invoice has been paid in full, move to Paid Online status.
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If open balance shows that invoice has been only partially paid, show indicator.
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If open balance shows that invoice has not been paid, do nothing.
Other Enhancements
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Adding contacts to emails: All account contacts now show up in the To, CC, BCC field in messages. Contacts no longer have to be flagged to receive emails to be listed in those fields.
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Time the report module is filled is now configurable: The reporting module was filled at 9:00pm Brussels time which is in the middle of the workday in the US. The timing of filling the reporting module is now configurable.