Debt Collection and Credit Management - In Company

Overview

Debt collection and credit management are integral components of financial management within organizations, ensuring the efficient management of credit policies and the timely collection of receivables. The "Debt Collection and Credit Management" course is designed to provide professionals with a comprehensive understanding of both debt collection principles and effective credit management techniques.

The credit management processes should span every stage of dealing with clients or customers, starting from assessing the risk to the business, negotiating terms and conditions, invoicing efficiently, and culminating in credit control and debt collection.

Each of these vital functions will be addressed and discussed in detail through separate fact sheets. Debt collection, defined as the process and practice of pursuing payments of debts owed by individuals or businesses, will also be explored.

Throughout the course, participants will delve into fundamental topics related to credit management, including credit policy formulation, credit risk assessment, credit granting decisions, and credit monitoring. Emphasis is placed on understanding the importance of establishing clear credit policies and procedures to mitigate credit risk and ensure the financial stability of the organization.