Credit Limit Rules
Credit limit rules helps you calculate credit limit based on several parameters. A rule can specify a fixed or a maximum value. With a max. value rule, a credit limit reported by Creditsafe that is lower than the specified max. value will be used.
A rule can be customer specific by specifying a customer number on the rule or generic for all customers. Customer specific rules can also be created by selecting a rule type on the customer card.
| Field | Description |
|---|---|
| Customer No. | Specifies the customer number for a customer specific rule. |
| Country Code | Specifies the country code the rule applies to. |
| Object Type | Specifies the object type (company, person or norwegian sole trader). |
| Sub Type | Specifies the sub type. |
| Industry Code | Specifies an industri code. Since industry codes are country specific, you must first select a country code in order to specify industry code. |
| Ranking/Scoring Code | Specifies the ranking (or scoring) code. |
| From Gross Revenue (LCY) | Specifies a lowest allowed turnover value for the rule to apply. |
| Type | Specifies the rule type. A fixed value will not use the credit limit provided by Creditsafe. A Max. value will use the credit limit provided by Creditsafe up to the specified maximum value. |
| Credit Limit (LCY) | Specifies the credit limit. |
Note
Using "From Gross Revenue (LCY") as rule criteria requires that Creditsafe provides a turnover value. This is not the case for all countries. Before specifying a credit limit rule for a country, please verify that a monitoring object in that country has a value in the field "Gross Revenue". If a turnover isn't provided for a country the calculation will fall back to rules without "From Gross Revenue" specified. Using country specific rules is a way to deal with countries where turnover isn't available.
Note
Customers are only updated based on credit limit rules when new data is fetched from Creditsafe if an applicable record in the Customer/Vendor Integration Setup has the value Direct or Indirect in the Credit Limit field (when creating a customer based on a Creditsafe search the credit limit is always calculated regardless the setting in the Customer/Vendor Integration Setup).
Tip
Credit limit rule type can also be specified on customer template if you want to use customer specific credit limit rules.