Credit Management
Enhance your knowledge and understanding of credit management and its impact on strategy.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Create a resilient credit policy
- Improve the cashflow of your organisation
- Analyse credit data for effective decision-making
- Prevent fraud in the credit management department.
About this course
Businesses exist to make profits. Despite this simple fact, every year businesses lose millions because they don’t pay enough attention to credit management. A lack of understanding of the risks involved means that businesses are unable to react quickly enough to changes, and some businesses no longer exist precisely because they neglected the basic rules of controlling credit and risk!
This course helps you enhance your knowledge and understanding of credit management and its impact on strategy. It looks at the benefits of a solid credit management department, and how you can maintain a robust system that keeps your organisation profitable and resilient. Whether you are in business or practice, this course will outline how important your role is in guiding survival, resilience, and growth.
Overview
E-learning |
|
3 - 5 hours |
Syllabus
Creating credit policy
- Customers and credit
- The role of the accountant
- Factors influencing credit policy
- Communication
- The sales and credit relationship
Improving cash flow
- Influencing payment habits
- Dealing with excuses
- Retention of title clauses
- Warning signs
- Assessing creditworthiness
- Business growth
- Debt purchasing
Powering credit analytics
- Credit intelligence
- Credit control software
- Credit limits
- Scoring
- Credit rating agencies
International trade
- Agencies in international trade
- Managing export credit
- Dealing overseas
- Foreign exchange
International trade
- Agencies in international trade
- Managing export credit
- Dealing overseas
- Foreign exchange
Ethics
- Influencing management
- Encouraging ethical payment practices
- Building ethics
- Developing a new skillset.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.