Credit Management

by

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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Credit Management

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Credit Management

This course is not currently available. To find out more, please get in touch.

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.

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

Author

Carol Baker

Carol Baker

Carol Baker is Editor-in-Chief at Credit Control Journal and Asset & Risk Review, IT for CEOs & CFOs, and Property Finance & Lifestyle. Carol has been a journalist for a number of years including for ICAEW, the Financial Times, and the Guardian and often works alongside others to uncover corporate financial frauds.