Automate Settlement Requests: Increase Accuracy and Efficiency

By Levridge staff | Published: May 9, 2024 | Accounting , Grain , News , Product Updates | read

New feature now available in the Levridge Commodity Accounting module!

At Levridge, optimizing efficiency is our priority to ensure we provide you with the tools needed in the agricultural industry. Every step in the process, from delivery to pricing, plays a crucial role in ensuring smooth operations. One aspect that often demands attention is the settlement process – the moment when customers are compensated for their delivered and priced grain. Traditionally, this has been a manual task, requiring individual requests and meticulous attention to detail. With this recent Levridge Commodity Accounting release (R1), grain elevators and processors can now automate settlement requests, smoothing the process and freeing up valuable time and resources. This new feature is set to transform the way you handle settlements, providing convenience, accuracy, and efficiency.

So, how does it work? The new periodic process within Levridge creates settlement requests for all unpaid scale ticket details associated with priced purchase contract delivery line. This means that you no longer need to manually request settlements – the system takes care of it automatically.

This level of control ensures that you can adapt the settlement process to align with your operational requirements and preferences. Whether it’s settling for yesterday’s deliveries or including a broader timeframe to capture past transactions, Levridge offers unparalleled flexibility and control.