Discover how to optimize credit management in Microsoft Dynamics 365 Finance by using risk scoring groups and automatic credit limit rules to dynamically adjust limits based on customer risk profiles and transaction history.
Table of Contents
Question
A financial services firm is revising its credit management strategy to better manage the credit risk associated with its diverse clientele. You need to establish a system that dynamically adjusts credit limits based on customer risk profiles and transaction history. What should you recommend?
A. Create risk scoring groups and configure automatic credit limit rules that adjust limits based on customer risk scores.
B. Discontinue the use of risk scoring and manage credit limits based solely on customer requests.
C. Manually adjust credit limits annually based on the previous year’s financial reports.
D. Set a universal credit limit for all customers to simplify the credit management process.
Answer
A. Create risk scoring groups and configure automatic credit limit rules that adjust limits based on customer risk scores.
Explanation
Creating risk scoring groups and configuring automatic credit limit rules based on customer risk scores allows for a dynamic and tailored approach to credit management, which is essential for managing diverse clientele. Setting a universal credit limit does not account for individual customer risk profiles. Discontinuing risk scoring removes a critical component of informed credit management. Manually adjusting credit limits annually is not responsive enough to changes in customer risk profiles.
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.