Net-terms billing
Net-terms billing with Core dna streamlines B2B transactions by offering flexible payment terms and automated invoice management.
Net-Terms Billing with Core dna
Net-terms billing is a payment method where clients are allowed a set period after purchase to pay for goods or services. When integrated with Core dna, businesses can seamlessly offer these payment terms to their B2B customers, thus enhancing the flexibility and efficiency of their billing operations.
How Net-Terms Billing Works with Core dna
Integrating net-terms billing within Core dna involves configuring billing cycles and credit limits through the platform's intuitive interface. Businesses can set up custom billing schedules, including 30, 60, or 90-day payment terms. Additionally, Core dna allows for the monitoring of outstanding invoices and can send automated reminders to clients regarding pending payments, ensuring that you're on top of your receivables.
Key Features
- Custom Billing Cycles: Configure 30, 60, or 90-day payment terms.
- Automated Payment Reminders: Keep track of due payments with automated emails.
- Secure Payment Processing: Ensure all transactions are safe and secured.
- Comprehensive Reporting: Generate reports for financial planning and analysis.
| Feature | Description |
|---|---|
| Custom Billing Cycles | Customize payment terms such as Net 30/60/90 according to client needs. |
| Automated Reminders | System sends email reminders for payments due, minimizing manual effort. |
| Payment Security | All payment transactions are handled securely within the platform. |
| Reporting | Ability to run and export reports to track billing performance. |
Practical Use Case: Implementing Net-Terms Billing
Consider a wholesale supplier who needs to sell products to retail businesses. By integrating net-terms billing with Core dna, the supplier can offer their retail clients 30-day payment terms. They are able to manage credit amounts and track payment status through the user-friendly Core dna backend. Automated invoice reminders and overdue notifications ensure that employees spend less time following up on payments, thus streamlining cash flow management and focusing on growing the business.
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