Exposure management with Mago.<i>net</i> and K-Fidi

by Fabrizio Perricone - Product Marketing Manager  

The credit management presents in Mago.net allows you to consider some of the innumerable parameters, which in some cases it is necessary to consider before proceeding with the acceptance of an order rather than the delivery of the goods. Thanks to the solution K-Fidi by Kirio Srl (Microarea Platinum Partner) the management is extended to guarantee a greater flexibility and control of the conditions of exposure.

      The motto used by Kirio for its solution K-Fidi is "better safe than sorry": the motto is particularly right in a moment economic that it lasted for several months and that sharpens the sensitivity of the companies in the management of credit to customers.

The K-Fidi module allows you to block an order to customer during the issuing if it detects the overcoming of the constraints on exposures. The blocked order will not be available for the delivery on delivery notes or accompanying invoices until it is authorized to unblock it under administrative password.

Thanks to some reports the state of those orders can be managed and through a suitable procedure it is possible to unlock some orders to be treated with the usual procedures in Mago.net.

It is possible to insert the parameters which govern the functioning of the module in a fast and independent way, thanks to a tab in the customers master that shows the four fields that determine the exposure given to the customer on four separate criteria:
  • block on a single order
    block exposure on total orders to be delivered
  • block exposure on turnover not collected
  • block exposure on total
The parameter "days for effects" indicates how many days after the date of collected payment through bank check, it can be considered not more subject to cancellation; this parameter affects only on the calculation of exposure on overall viewing even to be collected the receivable presented to bank.

"Thanks to K-Fidi we always have under control the level of credit granted to customers, we can decide how much  expose our Company to customers" Michele Cicognani CEO of ACP group S.r.l. says.

The salient features of K-Fidi may be summarized in the following points:
  • limit the maximum amount of the single order
  • maximum amount on customer orders when these are to be invoiced and they are not still collected
  • overall parametrizable exposure
  • exposure management with control on bank check
In order to know the solution in detail and to download the brochure of K-Fidi, you can visit the Microarea website in the area "Solutions for Mago.net" (in Italian languange): click here to go directly there.

At the moment the solution is available for Mago.net 2.x, but, thanks to the simplicity of the porting to 3.0, the Platinum Partner Kirio will be able to offer its solution compatible with Mago.net 3.0 in a short time.