Credit Management
Businesses exist to make profits but, despite this, many businesses leak cash through poor credit management. This course 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.
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This course will enable you to
- 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 the 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.
Look inside
Contents
- 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
- Preventing fraud
- The customer journey
- Spotting credit fraud
- Fighting fraud
- Identifying fraud
- Ethics
- Influencing management
- Encouraging ethical payment practices
- Building ethics
- Developing a new skillset
How it works
Reviews
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
Access period | 120 days | 120 days | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Exclusive news and CPD every week plus monthly webinars, all year round | ||||
Account manager on hand to support your team’s needs | ||||
Learn more | Learn more | Learn more | ||
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