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Credit Control - Minimising the risk Course

  • Duration:1 Day
  • Cost:On request
  • Ref:CC

Maximising cash flow and risk mitigation in a downturn with our credit control course.

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Cost £499.00 Duration 1 day Code CC

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Who is it for

This course is suited those involved in the credit control function looking to hone their skills as well as any personnel responsible for the assessment of credit. It's also suitable for those new to the credit control function who want help in their development.  If you need to reduce your debtor days, understand the new credit landscape and the alternatives to legal action then this course is for you.

What is it about

This course will allow those in a credit control function to uncover practical tips and solutions to maximise cash flow into an organisation in a challenging economic environment.

How can you determine credit worthiness, what are the warning signs for companies likely to pose a credit risk, when should you use legal action and how can you get to the decision maker and uncover the real position of the debt? These questions are critical to business cash flow and never more so than in the current economic situation.

This course has been designed with the new landscape for credit in mind, and will help you to be more effective in an ever more challenging environment.


Course Overview

  1. Defining credit in the new economic landscape
    • identifying credit risk
    • warning signs for companies likely to pose a credit risk
    • how to minimise credit risk
    • using terms and conditions: hints and tips
    • how other departments can help: customer service
  2. Assessing credit worthiness
    • setting and using credit limits
    • warning signs
  3. Debt collection and negotiation skills
    • debt collection procedures
    • 'factoring' through lawyers
    • beyond excuses: reaching the decision maker- common excuses and how to overcome them
    • minimising average debtor days
  4. Legal action and alternatives
    • when should you use legal action?
    • timelines for identifying when to use legal recourse in the new credit environment
    • what are the alternatives?
    • enforcing judgements

What will I get out of it?

  • Improved credit control techniques which will allow for better cash flow for the organisation
  • An ability to evaluate credit worthiness in the new economic environment
  • Enhanced negotiation skills for credit control professionals
  • An understanding of legal action options and timelines

Accredited by

ACCA - counts towards CPD pointsThis course is accredited for CPD

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