This Accounts Receivable and Credit Policies Management is training course designed by on training academy to enable participant to create up-to-date credit policies under the guidance of methods and outlines provided. The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customized proposal can also be arranged, to suit the training requirement of your team.
Setting Credit Policies
Non-Financial Factors Affecting Credit Decision
Credit department mission and
Approving the Credit
Developing Credit Controls
The Need for Accounts Receivable
The Level of Accounts Receivable Companies Should Have
Establishing a Profitable Relationship with the Customer
Meeting the Needs of the Customer
Efficient Billing Process Means Faster Collection
Preventing the Fatal Mistake: Sending the Bill with Errors
The Use of Technology.
Best Practices in Billing
Cash: It's Worth your Efforts
The Relationship Between Sales and Credit
Strategies in Dispute Management
Maintaining Credit-Sales Relationship
Techniques for Faster Collection
Payment Processing Options
Developing Good Working Relationships Between the Two Departments
Involving Sales in the Collection Effort
Best Practices in Accounts Receivable (AR)
AR Process Improvement
Improving Quality of Accounts Receivable
Aging of Accounts Receivable and Bad Debts Reserves
Alternatives in Computing Bad Debt
Reducing Bad Debt Write-Offs
Calculating Accounts Receivable Turnover
Calculating Days Sales Outstanding (DSO)
Collection Effectiveness Index (CEI)
Analyzing the Operating and Cash Cycle
Develop effective credit policies that meet the company’s objectives
Use financial and non-financial analysis to assist in making the credit decision
Define the function of Accounts Receivable (AR) and its role in organizations
Maintain effective collection policy to ensure converting gifts into cash
Evaluate the Accounts Receivable process and implement best practices
Apply tools and techniques to effectively monitor AR performance
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