As business gets competitive, suppliers of goods and services are often forced to compete on more relaxed credit terms. This raises the risk of bad debts and a potential cash flow crisis. Management, therefore, needs to be on guard for bad customers, constantly improve debtor quality and maintain regular cash flow from credit customers. Trade receivables collection is the key to good business cash flow. Effective receivable management reduces the risk of bad debts and minimizes cash flow interruption and costs of doing business.
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| Subject | Description |
|---|---|
| Objective | The course is designed to develop the skills and knowledge of business managers in managing credit portfolios and ascertaining acceptable credit risk, by introducing basic analytical techniques and tools and essential credit risk analysis methodology. Participants will also acquired knowledge in effective debt management in perfecting credit risk management. |
| Upon Completion | You will be able to:
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| Methodology | Instructor led discussions, followed by scenario analyses, Video presentations and self reflection exercises. |
| Who Should Attend | This workshop is for executives involved or responsible in formulating, enforcing and implementing credit policies, and debt collection.
|
| Duration | 2 days |
| Code | EDM |
Course Outline
| Subject | Description |
|---|---|
| Effectiveness In Collection |
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| Understanding Debtor’s Behavior |
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| Communicating with your Debtor |
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| Negotiating with Debtor |
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