Workerbee customers initially had two escrow payment options: credit card or ACH transfer. To cover specific payment processing needs for some customers, our client requested adding an option to pay on net 30 terms after receiving the ordered service. With this option, customers can receive monthly invoices and have up to 30 days to pay. However, this option added complexity to financial operations management, requiring administration of accounts on net 30 terms.
To ensure effective management of accounts on net 30 terms and on-time payouts for consultants, we added two modules to the admin panel: Purchase Orders and Enterprise Invoicing.
- The Purchase Orders module enables a Workerbee admin to add new contracts with customers, record funds added to customers’ accounts, and indicate the contract duration.
- The Enterprise Invoicing module enables a Workerbee admin to oversee weekly reports submitted by consultants, generate invoices based on these reports, and manage payouts.