What is 1Channel Payment & Credit Management?
1Channel's Payment & Credit Management module serves as an all-encompassing platform for distributors and FMCG brands, enabling them to effectively oversee incoming payments, enforce credit compliance, and monitor significant orders. The system facilitates both automatic and manual payment allocations for outstanding invoices, including various payment methods such as cash, cheque, and bank transfer, while providing real-time tracking of outstanding balances. Each customer is assigned a customizable credit limit, and in instances of credit breaches, three management options are available: halt all additional orders, allow one extra order, or suspend the account until debts are cleared. Moreover, the process of returns automatically generates credit notes, ensuring efficiency throughout. When orders surpass the retailer's credit limit, they are subjected to a configurable multi-level approval workflow, which can encompass up to seven authorization levels; approvers are notified via email or WhatsApp, and all decisions are carefully documented for auditing purposes. Additionally, the module includes a powerful suite of payment analytics that offers over 24 reports, supplying finance and sales leaders with essential insights into collections, outstanding liabilities, and the approval process's efficiency. Overall, this module not only fortifies financial oversight but also markedly enhances operational workflows, leading to better management of resources and improved service delivery.
Pricing
Price Overview:
Monthly month-to-month and annual plans are offered; annual plans require an annual commitment and may include savings. Pricing varies with workflows, user count, and invoice configuration. Plans include cloud hosting, web and mobile access, role management, setup and onboarding, standard reports, technical support, and workflow configuration.
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Screenshots and Video
1Channel Payment Analytics dashboard with invoiced, collected, and outstanding totals, distributor aging, credit-note tracking, invoice-status distribution, and payment KPIs.
Company Facts
Company Name:
1Channel
Company Location:
India
Company Website:
www.1channel.co
Product Details
Deployment
SaaS
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English