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Course Title:

Course ID:

211024 0101 4115ESH

Course Dates :

21/Oct/2024

 To

25/Oct/2024

Course Duration :

5

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£4,555.99

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$5,829.09

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Finance, Accounting

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

Effective credit management and debt collection are critical for the financial health and sustainability of any business.
This comprehensive 5-day course is designed to equip participants with the necessary knowledge, skills, and strategies to proficiently manage credit risks, optimize cash flow, and implement successful debt collection practices.
Through interactive sessions, real-world case studies, and practical exercises, participants will gain insights into best practices in credit management and debt collection, enabling them to enhance organizational profitability and minimize credit-related losses.
This course offers a comprehensive exploration of credit management and debt collection, providing participants with practical skills and knowledge to enhance their effectiveness in managing credit risks and optimizing debt recovery processes.

Objectives

• Understand the fundamentals of credit management and debt collection.
• Identify key elements of effective credit policies and procedures.
• Assess and mitigate credit risks through strategic decision-making.
• Develop strategies for improving cash flow and reducing bad debt.
• Implement best practices for efficient and ethical debt collection.
• Enhance communication and negotiation skills in debt recovery processes.
• Utilize technology and data analytics to optimize credit management processes.

Who Should Attend?

This course is ideal for professionals involved in credit management, finance, accounting, collections, and risk management. It is suitable for individuals at all levels of experience, including:
• Credit Managers
• Finance Managers
• Accounts Receivable Managers
• Collections Officers
• Credit Analysts
• Risk Managers
• Small Business Owners

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day 1:
Fundamentals of Credit Management
• Introduction to Credit Management
• Importance of Credit Policies and Procedures
• Credit Risk Assessment and Credit Scoring
• Credit Application and Approval Processes
• Credit Terms and Conditions
• Case Studies and Group Discussions

Day 2:
Optimizing Cash Flow
• Cash Flow Management Techniques
• Working Capital Management
• Credit Control and Monitoring
• Debtor Management Strategies
• Forecasting and Budgeting for Cash Flow
• Interactive Exercises and Real-world Scenarios

Day 3:
Strategies for Minimizing Bad Debt
• Identifying Early Warning Signs of Bad Debt
• Preventive Measures and Risk Mitigation Strategies
• Credit Insurance and Collateral Management
• Debt Restructuring and Settlement Negotiation
• Legal Considerations in Debt Recovery
• Role-play and Simulation Exercises

Day 4:
Effective Debt Collection Techniques
• Principles of Effective Debt Collection
• Communication and Negotiation Skills for Debt Recovery
• Dealing with Difficult Customers and Situations
• Using Technology in Debt Collection
• Ethical Considerations in Debt Collection
• Role-playing and Case Studies

Day 5:
Leveraging Technology and Analytics
• Introduction to Credit Management Software
• Data Analytics for Credit Risk Management
• Automation in Credit Decision Making
• Predictive Modelling for Credit Scoring
• Implementing Technology Solutions in Credit Management
• Workshop and Hands-on Training on Software Tools

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.