System Data Credit Review Method
Table Of Contents
Credit Review Method
Credit Review Methods allow you to record how a customer's creditworthiness has been assessed.
These methods can then be selected on the [ Customer | Detail | Financial ] screen when carrying out customer credit reviews.
Using standardised credit review methods helps ensure consistency across your business and provides a clear audit trail of how credit decisions were made.
Common Credit Review Methods
Examples of commonly used credit review methods include:
- Credit reference agency
- Bank reference
- Bank statement review
- Trade reference
- Management approval
- Credit insurer assessment
- Customer accounts review
The methods available in your system can be customised to suit your business processes.
Grid Fields
The Credit Review Methods screen contains the following field:
| Field | Description |
|---|---|
| Credit Review Method | The method used to assess a customer's credit rating or financial standing. |
Using Credit Review Methods
Once configured, credit review methods can be selected when maintaining customer financial records.
This allows users to record:
- How the customer's credit rating was assessed.
- The source of the credit information.
- The basis for any agreed credit limit or payment terms.
The selected method is stored against the customer record for future reference.
Context Menu Options
The Credit Review Methods screen includes the following shortcut menu options.
Apply Value Range
Applies the same value to multiple selected records within the current column.
This can be useful when updating several records at once.
Clear Selection
Removes the current row selection from the grid.
This does not delete any records and only clears the highlighted selection.
Benefits of Using Credit Review Methods
Using predefined credit review methods can help:
- Standardise credit control procedures.
- Improve audit and compliance reporting.
- Maintain a consistent approach to customer credit assessments.
- Provide visibility of how customer credit decisions were made.
- Support internal credit policies and approval processes.