Shared Credit Limit Behaviour

BigChange has introduced an update to credit behaviour, providing new options for managing the credit limits of accounts. This update offers enhanced safeguards and additional flexibility, allowing for more complex configurations in dealing with credit limits for Contacts and their subsidiaries.

Understanding Credit Limit Behaviour

Current Credit Limit Application

• • Traditionally, a credit limit is applied uniquely to a Contact (the Parent).
  • The Parent is responsible for the entire credit limit.

New Credit Limit Options

• • • Apply a credit limit to all descendants:
      • The credit limit is applied to the Contact and all their descendants (Parent, Children, and Grandchildren).

1. 1. • Apply credit limit to immediate descendants only:
        • The credit limit is applied to the Contact and their children, but not to their grandchildren.

Credit Limit Distribution Options

• Unique, Equal Value for Each Descendant
  • The credit limit is applied equally to every level of child contact, regardless of how many levels are added.
• Shared Total Value Across All Descendants
  • The credit limit is shared across the 'family', providing a shared balance but not necessarily an equal limit for each descendant.

Setting Up a Credit Limit

Follow these steps to set up a credit limit in BigChange:

1. Navigate to CRM
   • Select CRM from the main menu.
2. Access Contacts
   • Select Contacts.
3. Search for the Contact
   • Enter the name of the contact in the search box.
   • Select the contact from the search results.
4. Edit Contact Details
   • Select Edit to modify the contact details.
5. View Financial Tab
   • Navigate to the Financial tab.
6. Set Credit Terms
   • Select Terms tab.
   • Complete the form with the appropriate details.
   • Select Save before closing.

Enhanced Behaviour Options for Descendants

• Applying Credit Limits to Descendants
  • When setting up credit limits for contacts with descendants, the enhanced behaviour options allow for more tailored configurations.

Conclusion

The enhanced credit limit behaviour in BigChange provides greater flexibility and control over managing credit limits for Contacts and their subsidiaries. By understanding and utilising these new options, you can ensure more effective credit management across your organisation.

Video