Struggling with credit limit management in Dynamics 365 Finance? Learn how to set up risk scoring groups and automatic credit limit rules for real-time customer risk assessment. Perfect for multinational corporations!
Table of Contents
Question
The finance team at a multinational corporation is struggling with managing credit limits and credit holds. This is due to the diverse creditworthiness of their global customer base. You need to create a strategy that allows for dynamic management of customer credit limits and credit holds based on real-time risk assessment. What should you recommend?
A. Disable the credit limit feature in Microsoft Dynamics 365 Finance to avoid complexity in credit management.
B. Implement a flat credit limit for all customers regardless of their risk profile.
C. Manually review and adjust credit limits for each customer on a monthly basis.
D. Set up risk scoring groups and automatic credit limit rules to adjust credit limits based on real-time customer risk assessments.
Answer
D. Set up risk scoring groups and automatic credit limit rules to adjust credit limits based on real-time customer risk assessments.
Explanation
Setting up risk scoring groups and automatic credit limit rules allows for a dynamic and real-time approach to managing credit limits based on customer risk assessments, which is efficient and scalable for a multinational corporation. Manually reviewing credit limits is time-consuming and not real-time. Implementing a flat credit limit does not account for the diverse creditworthiness of customers. Disabling the credit limit feature would negate the ability to manage credit risks effectively.
Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Finance Functional Consultant MB-310 exam and earn Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification.