On Account Payment Feature

Discover the seamless integration of the On Account payment feature within the Core dna platform, designed to enhance B2B transactions and simplify the purchasing process for returning customers.

Understanding the On Account Feature

The On Account feature in Core dna allows businesses to offer their clients the ability to make purchases on credit. This functionality is particularly beneficial for B2B companies where long-term client relationships are key, and transactions are frequent and ongoing.

How On Account Works with Core dna

Core dna’s On Account feature is integrated into the platform’s comprehensive suite of eCommerce tools, ensuring that businesses can manage credit accounts directly within their existing workflow. When a customer opts to purchase on account, the transaction is recorded in the system, and the client’s account balance is updated accordingly.

The integration allows for automated invoicing and reminders, helping businesses maintain a healthy cash flow while providing convenience to their clients. Additionally, businesses can set credit limits, payment terms, and track outstanding balances with ease.

Practical Use Case

Consider a manufacturing company that frequently supplies parts to various distributors. By utilizing the On Account feature within Core dna, the manufacturer can allow distributors to place orders without immediate payment, facilitating faster order processing. The manufacturer sets specific credit limits and payment terms for each distributor. Once an order is placed, the system automatically updates the distributor's account balance and sends out invoices according to the agreed terms, ensuring a smooth transaction process.

Implementation Example

<!-- Example of setting up On Account payment option in Core dna -->
<div class="on-account-setup">
    <h3>Configure On Account Payment</h3>
    <form>
        <div class="mb-3 row">
            <label for="creditLimit" class="col-sm-2 col-form-label">Credit Limit</label>
            <div class="col-sm-10">
                <input type="number" class="form-control" id="creditLimit" placeholder="Enter credit limit">
            </div>
        </div>
        <div class="mb-3 row">
            <label for="paymentTerms" class="col-sm-2 col-form-label">Payment Terms</label>
            <div class="col-sm-10">
                <select class="form-select" id="paymentTerms">
                    <option value="30">Net 30</option>
                    <option value="60">Net 60</option>
                    <option value="90">Net 90</option>
                </select>
            </div>
        </div>
        <button type="submit" class="btn btn-primary">Save Settings</button>
    </form>
</div>

Key Specifications

Benefits for Marketers

Marketers can leverage the On Account feature to build stronger relationships with B2B clients by offering flexible payment solutions. This can enhance customer satisfaction and drive repeat business, as clients appreciate the convenience of purchasing on credit. Furthermore, the feature provides valuable insights into purchasing trends and customer behavior, enabling marketers to tailor their strategies more effectively.

Conclusion

The On Account feature in Core dna is a powerful tool for businesses seeking to streamline their credit-based transactions. With its seamless integration and robust functionality, it empowers businesses to offer flexible payment solutions, improve cash flow management, and strengthen customer relationships.