Payment Terms

In order for a company to be successful in today’s economy it must be diversified. This statement has been true for many companies around Michigan, especially those that are in the automotive sector. This trend holds true to all retail oriented businesses and the Beer industry hasn’t been immune. Along with recent consolidation we’ve also seen distributors adding new lines of products along with expanding into different type of business lines such as Craft, liquor, etc.

In order to address these changing needs eoStar is constantly evolving. We’ve added the ability to enter multiple payment terms to a single account. Previously the user was restricted to only 2 payment terms (alcoholic, and non-alcoholic). This is no longer the case you can now enter unlimited number of payment terms which correspond to a set of products. If a product is included in more than one product set, eoStar will use the payment term that is associated with the first payment term listed from top to bottom. eoStar will automatically partition an order if the customer is flagged to partition based on payment terms. The partition logic is currently only on the mobile device.

In addition to the above changes we’ve also added a new field in the payment terms table. It is called “Processing Method”. The processing method defines how eoStar should process the order. (I.e. via the Fintech interface, Miller UFF EDI, manually, or X12 EDI) This field was previously scattered in various panels of the application such as the EDI Partner> EDI setting screen. We also added a Fintech pre-fix for distributors that work with Chains that require a prefix on each invoice number to seperate product categories. In order to do so you must create a payment term for each product category and assign the proper Fintech prefix to each payment term.

We also removed the IsCharge and IsEFT columns from the customer table since the columns already exist in the payment terms table. This implies that any reports that currently use these columns will fail. Please make sure to test such report prior to installing the version in a live environment.

For “how to instructions” please go to the following wiki entry:
http://www.wiki-eostar.com/index.php?title=Payment_Terms