Credit check hold in Oracle order management

Credit check hold in Oracle order management

In this post , We will be discuss about the credit check hold in oracle order management. Credit management is the feature provide by Oracle order management to manage the credits for the customers. Credit check helps to minimize the financial loss for the organizations. Credit check hold ensure to stop processing the sales order for the customer if the credit check rule violates. Credit Check hold in oracle order management helps to validate and manage the sales order against the credit check maintained for the customer. Credit check ensure the credit limit for the customer before releasing the sale order in oracle application for the shipping. The credit check and credit hold both related with each other. Credit check do ensure that , customer should have the sufficient credit limit in your organization to issue the sales order in oracle order management to issue any sales order issue in advance without payment and if any sales order violates the credit check rules then system automatically put the credit check hold for that sales order. Here below Is the Detail explanation about credit check hold in oracle order management.

Concept of credit check hold in oracle order management

As I said , Credit check helps to minimize the financial loss for the organization. We do set some credit check limit for the customers in oracle so that system do validates each sales order against that credit check limit to ensure further processing of the sales order. If the sales order violates the credit check limit, then system automatically put the credit check hold for the sales order in oracle order management.

Credit check functionality can work at any of the following stages in Sales Order

·         Order Entry

·         Picking

·         Packing

·         Shipping 

Setup of Credit check hold in Oracle order management

Step1:- Go to  Order Management 

Setup ==> Rules ==> Credit

Step2:- Here below we have create the Credit Rule.

Step 3:- In Customer Master , We need to Enable the Option of Credit Check. As below Under Customer Account Profile.

Customer Profiles Setup

Customerà Standard

Search Customer Nameà AccountsàClick Details

Select Bill to siteà Open Details

Profile TabàEnable Credit Check

Step 4:-  Under Profile Amounts Tab , We do set the Credit Limit for the Customer and Sales Order.