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More about Credit Analysis & Control Training Courses

Credit Analysis and Control

Credit control and analysis refer to the methods and processes by which companies and financial institutions determine and assess the eligibility of a credit candidate. When applying for credit, candidates are assessed on a number of factors to determine the security of the loan, if awarded to that candidate. In particular, credit control and analysis aims to determine if a candidate will be able to pay back said credit in a timely and reliable manner.
As a critical aspect of delivering credit to both public and private bodies, credit control and analysis serves as an important financial safety measure – helping companies and financial bodies to avoid unnecessary risk.

Responsibilities in Credit Control and Analysis

As in many aspects of business, credit control and analysis is about coming to a conclusion between stakeholders. In the case of credit, stakeholders are the prospective borrowers and lenders. Through a process of analytical procedures and calculations, credit analysts and controllers assign each borrowing application with a risk rating, which determines the associated risk of that credit loan.

When calculating credit risk, credit analysts working within banks assess corporate credit candidates based on a variety of qualitative and quantitative factors. Within the realm of quantitative qualifications, analysts may consider the borrower’s credit history, financial status and total resources. In terms of factors which are nontangible, a company’s character, moral ground and reputation play a role in the process of acquiring credit support.

Credit Analysis / Control training & courses - explore the opportunities

The mismanagement of cash flows is an extremely common sighting in business failure – primarily due to the compounded effects of bad debt. Under circumstances when the mismanagement of funds has great potential to destroy or seriously cripple a business, robust and complete credit control policies and systems are absolutely crucial.

Adequate training in credit control is undoubtedly important for any business, and usually covers areas such as cash flow management, outsourced credit control, sales ledger management, credit control software, debt recovery and direct debit management. Professional training in credit control is vital to ensure that staff engaged in the administration of the policies and procedures adopted are both knowledgeable and confident in carrying out their duties. Courses provide managers with an awareness and basic understanding of credit control methods and techniques, and aim to enable managers to be more effective in ensuring their customers meet their commitments to pay regularly and on time.

Credit control training also provides delegates with the tools to operate an effective
credit control system and the confidence to make successful telephone calls and improve cash collection. Courses are beneficial to Credit controllers, Collectors, Credit Managers, Owner Managers, and those who want to improve their knowledge of credit control and collections, as well as those who are new to their role and more experienced credit controllers who have had little formal training, but wish to expand their knowledge.