Extension Module : Credit Management - Dunning

This module supports the automatic creation of Dunning letters, i.e. reminder letters that are sent to customers that have sales invoices overdue for settlement.

The Credit Management - Dunning module allows you to create a customizable sequence of dunning letters.

Additionally, the module allows you to automatically charge Dunning Fees, Fines for Late Payment and Interest on Arrears on those overdue invoices based on a number of flexible parameters.

The module keeps a full Dunning history to establish what reminders have been sent. Credit Managers can also mark an invoice as deferred if an agreement has been reached with a customer.

The Credit Management - Dunning module requires the Advanced Payables and Receivables module.

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Benefits
Functionality
Specifications

Improve collections
Avoid late payments
Flexible handling of different conditions for dunning
Automatic calculation of due interest and fees
Fees, interest and grace periods can be set per customer
Full dunning history kept on record
Possibility of deferral

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Description

The Credit Management - Dunning module includes the following key functionalities:

Create a dunning list
Process the dunning list manually
Calculate fees
Define dunning settings for each customer
Granted deferral for cases of agreed late payment
Post fees as receivables
Automatically generate dunning invoices using the defined rules
Output a dunning XML file
Output a dunning report in PDF format

Credit Management - Dunning delivers a comprehensive set of integrated functionality, and includes complete documentation. To learn more about this exciting module, please review the User Documentation.