Trade inherently involves risks. To manage risk, it is necessary to have the right tools. Workcube has appropriate tools to monitor and control the risk limits on current accounts. On the risk limit definition screen, you can save the Open Account Limit, Term Payment Limit, Payment Blockage information of your customers or suppliers.

Risk limits of the relevant customer are instantly checked from the order screen in Workcube. Not recording orders in cases exceeding limits with different process definitions, not passing orders through the approval chain, etc. functions can be provided. For example, orders received from a customer whose open account limit is full can be automatically sent to senior management for approval. Workcube offers the opportunity to define risks in different currencies. For example, an open account limit can be defined for a customer in both TL and USD.

Similarly, suppliers may have set limits for your business. Depending on these limits, you may have received or given guarantees. Letters of guarantee, bonds, mortgages, etc. You must record the guarantee documents you receive or give, with all detailed information, as a written document. Tracking and accounting of collateral expenses are also provided in W3. Collaterals can also be tracked directly in the risk module, where you define your risks for your customers or suppliers.

In W3, you can directly restrict current accounts from using their limits by showing certain reasons on the block tracking transactions screen. You can also blacklist your customers who do not pay from the risk definition screen and then follow your blacklist members in other transactions.

You can report your customers and suppliers to whom you are responsible by recording enforcement proceedings.

DBS
Direct Debiting System (DBS) is a system in which the receivables of companies with widespread dealers and sales organizations, from dealers and distributors to whom they sell goods and services, are up to the credit limit allocated in favor of the dealer. It is a bank automatic collection system that ensures that the data is covered under warranty and automatically transferred from dealer accounts to the main company account.

You can define DBS Limits to current accounts and make the collection directly from the bank.

Before Use
Before carrying out risk and guarantee related transactions in W3, you must make the following definitions.

Transaction Types and Authorizations
Process Definitions (Corporate and Individual member risk registration process design and authorization)
Reasons for Blacklisting
Collateral Categories
Reasons for Blocking

Module Functions

Customer-Supplier Risk Limits
Blocking Procedures
DBS Limits
Enforcement Procedures
Customer-Supplier Risk Limits
Guarantees

Related in Other Modules Functions

Sales Distribution/Agreements-Conditions/Contracts
Sales Distribution/Customer-Supplier
Current Account/Debt Receivable Breakdown (You can get the debt-receivable breakdown of your current accounts under enforcement proceedings)
Debt-Receivable Management/Maturity Difference Transactions
Sales Distribution/Sales/Sales Quotation
Sales Distribution/Sales/Sales Order
Sales Distribution/Sales/Instalment Sale
Sales Distribution/Invoice
Sales Distribution/Purchase/Purchase Offer
Sales Distribution/Purchase/Purchase Order
Sales Distribution/Purchase/Purchase Invoice
Sales Distribution/Invoice
BI/Risk Analysis
BI/DBS Analysis

Tip
If the purchase payment method, sales payment method and shipment method are selected on the risk definition page, the method selected for the current account in offers, orders and invoices is automatically included in the document.

Tip
Company "Should you perform detailed risk monitoring?" in the flow parameters. If you answer yes to the parameter, risk control is checked on a line-by-line basis on screens such as orders and invoices.

Recommendation
Define risk limits for your customers. Conduct your sales activities in a controlled manner in line with these limits. Establish authorization and approval mechanisms by combining risk control with process management.

Attention
In the company flow parameters, "Should the transaction currency in the risk information be selected?" If you answer yes to the parameter, the transaction currency selected in the risk information of the current account is automatically included in the document (such as order, invoice). The exchange rate is taken from the exchange rate on the date of the document. Even if the exchange rate information will not change, the exchange rate must be entered daily.

Tips

Record was not found

Feedback

Did you find this content helpful?

Please Write Your Feedback!

Name*

Last Name*

Email *

About Workcube Objects

Record was not found