We’re excited to announce two key updates to enhance credit and billing management for companies: Shared Company Credit Limits and Secondary Billing Address Email. These new features provide organizations with greater control and flexibility, streamlining operations for businesses managing multiple accounts.
Shared Company Credit Limits
The Shared Credit Limit feature allows all accounts linked to a company to draw from a single credit limit. This simplifies credit tracking and makes managing outstanding balances easier for organizations.
Key Benefits:
- Centralized Credit Management: All linked accounts share one credit limit, simplifying credit tracking across multiple accounts.
- Flexible Override Options: Admins can set custom credit limits for individual accounts, offering more flexibility.
- Optimized for Company Associations: This feature centralizes credit control for companies with linked accounts.
How It Works:
To enable the Shared Credit Limit feature, navigate to Settings > People > Companies. Once activated, orders using credit-linked payment methods will draw from the company’s shared credit limit. Custom credit limits can also be applied to individual accounts when necessary.
For more details, refer to our knowledge base article on Shared Credit Limit.
Secondary Billing for Company Accounts
The Secondary Billing feature allows companies to add a second billing contact email, ensuring that billing communications reach multiple team members. This minimizes the chances of missed invoices and enhances documentation management.
Key Benefits:
- Improved Communication: With a secondary email address, billing information reaches more contacts within the organization.
- Admin Flexibility: Company admins can easily add or update the secondary billing email without requiring support.
- Ideal for Larger Teams: This feature is especially useful for companies with large teams, ensuring that billing updates are received by the right people.
How It Works:
Admins can add the secondary billing email in Settings > People > Companies within the company profile or through Customer > Customer List > Edit Customer. Once configured, billing communications will be sent to both the primary and secondary email addresses.
Summary
The Shared Credit Limits and Secondary Billing features simplify credit and billing management for companies, providing more control over credit distribution and improving communication about billing updates. These tools support smoother operations for businesses managing multiple accounts and contacts.