The Necessary Of Magento 2 B2b Company Credit

B2B Trade Credit, a popular payment method among traditional large businesses, is now putting a foot in the e-commerce world! Gain your comparative advantage over competitors by offering them on-credit purchases!

Occasionally, working with B2B customers raises such questions for us as:

What if my customers do not have enough money at hand but need my goods just then?
How can my store support customers in reducing time and costs for settling every single invoice?
How can I manage inventory better through predicted sales?

Why not get rid of these issues by giving your B2B customers a special privilege and winning their loyalty?

Read on to explore our extension benefits for buyers and store owners!

Just like the Letters of Credit (LC) payment method in traditional sales, give your customers a little while before settling their invoices!

Our extension supports setting a credit limit per customer that allows them to:

Purchase many times, make payment one time
Buy on credit unlimitedly within the assigned credit line
Get rewards and financial incentives for running their business

To put it simply, Magento 2 B2B Credit extension helps you manage trade credit and optimize wholesale customers’ shopping experience.

Gain Amazing Benefits With Magento 2 Credit Limit

Customer

Buy large orders on credit
Record credit transaction details easily
Save time and costs for settling every single invoice
Substantially improve cash flow through better financial planning

magento-2-credit-limit-store-owner-benefits

Store admin

Increase sales from interested customers not having enough ready money
Raise customer loyalty through attractive credit and conditions granted
More understanding of customer interest, budget, and habits
Improve inventory planning and reduce warehouse costs

Magento 2 Purchase Order Extension Highlights

Checkout with credit

At checkout, customers can choose the Purchase Order payment method, and use the credit they were assigned to make payment.

Buy products on credit
Settle payment after a net period of time
Exceed their available credit if allowed by sales rep/ store admin

Interactive customer’s credit dashboard

Customers can easily track their credit details at their My Account Dashboard. They will see the credit fluctuations in two sections on the Credit Limit tab:

Credit Balance: shows the Total, Used & Available Credit
Log Transactions: record every detail on customer credit updates: Date, Type, Note, PO number, Order ID, etc.

Admin’s easy credit monitor

Credit details act as customer attributes; therefore, you can conveniently manage them per customer.

A separate credit limit tab on the customer detail page
Payment due date for each customer
An available credit column in the customer grid
Mass actions for updating credit limit for multiple customers from customer grid

Four email templates

Magento 2 B2b Company credit extension offers four email templates for sending notifications equivalent to four changes in credit:

To Customer: Updates in available credit as either the customer places order or admin refunds credit.
To Customer: Admin assigns/ changes credit limit for each customer
To Store Owner: Customer exceeds the credit line, i.e. when their available credit gets below zero
To Customer: Reminds customer due date payment and overdue date payment.

company-credit-admin-permission-magento-2

Configure admin actions to B2B credit

You may have many admin users in the backend, but do not wish to grant all of them permission to view or edit the credit info of customers. Therefore, we built this feature in Role Resources:

Not allowed to View Company Credit: The admin user can not see any credit data in the backend.
Not allowed to Create Company Credit: If the admin user can view credit, then he/she will be notified of access permission when trying to edit.

magento-2-credit-limit-other-handy-features

Other handy features not to miss

The module supports:

Use Purchase Order as a payment method, and customers can choose to exceed their credit limit or not
Enable/ Disable exceeding credit limit for each customer Add PO number and credit details of each order to credit memo/ order/ invoice
Add PO number and credit details of each order to credit memo/ order/ invoice
Work with multi-currency websites
Compatible with other BSS extensions like Magento 2 B2B Company Structure, Magento 2 Custom Shipping Method and Magento 2 Minimum Order Amount to optimize the wholesale shopping experience to its best.

Enhance credit payments management. Install Magento 2 Company Credit NOW!

Why BSS Magento 2 B2B Company Credit

Competitive Price

Every merchant needs to survive – we do understand. That’s why we keep the price as low as possible.

Dedicated Support

We are all ears to your problems, either with our extensions or customizations. FREE 1-year support is included.

Open Source

The source code is completely open to inspect, modify and enhance according to your business purposes.

Qualified Code

We have developed a validation tool to ensure that every piece of code follows Magento coding standards.

High Compability

Our modules work well with each other. Even you want ours to be compatible with those of others. We are here to help

Simple installation

We simplify and clarify the installation process, so you can get the extension played for your website in clicks.

Quick Update

Your business and customers’ demands are ever-changing. Our extensions are also up-to-date with new features.

Business expert

Our certified experts get involved from the extension development to support to bring you efficient and budget solutions.

Easy to Use

No need to install bunches of redundant features. We select the most relevant functions to ensure the user-friendliness.

Hear from others

FAQs

Release Note

v1.0.8 (Sep 18, 2023):
- Fix bug:
  - Fix currency error by adding format price scope in Admin Grid
- Update:
  - Apply coding standard
v1.0.7 (Jul 21, 2023):
- Update:
  - Compatible with Magento 2.4.6, PHP 8.2
- Fix bug:
  - Error when doing mass action Update Available Credit when there's no Credit Limit
Hyva compatible v1.0.0 (March 28, 2023): First release
v1.0.6 (Dec 13, 2022): Update: compatible with PHP8.1. Fix bug: run cmd s:d:c. Fix bug: mass action. Update: add field "Payment Due Date" in mass action. Update: validation for all fields in mass action.
v1.0.5 (Jul 13, 2022): Update: Email Reminder for Overdue Invoices & Net Terms; Fix bug: "Allow Excess" auto-change to Yes when setting up credit limit for customer.
v1.0.4 (Jun 10, 2022): Update: Split template of Company Credit Info grid and Log transaction grid; Compatible with Declarative Schema; Do not support checkout with multi-addresses.
v1.0.3 (Nov 12, 2021): Update compatible with Swagger. Fix bug mass action Update credit for new assigned company credit customer with no Value Allow Exceed. Fix bug does not show company credit tab at the backend customer account.
v1.0.2 (Apr 20, 2021): Support API direct update available credit
v1.0.1 (Mar 2, 2021): REST API Support
v1.0.0 (Jan 25, 2021): First Release

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