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Managing and Organizing Accounts Receivable
USD 6,000 |
Venue: 7820 South Seneca Ridge Lane Hanover Maryland 21076, United States of America.
Due to the recent credit crisis sweeping the global economy, fluctuating interest rates, increasing competition, and growing uncertainty, managing credit and collections effectively is becoming more of a challenge. All industries are exposed to credit issue, different tools, and techniques to maximize cash collection will be provide in the workshop.
Content
Introduction to Accounts Receivable
- Working Capital and Cash Management
- The Cost Credit
- Effective Customer Services
Customers and Trading Terms
- Terms of Trading
- Customer credit evaluation
- Tools and techniques of financial analysis
- Segmental Analysis of financial statements
Practical Collection Tools and Techniques
- Eliminating Barriers to payment
- Recognizing excuses and delaying tactics
- Providing solutions to non-payment
- Litigation and recoveries
Telephone Collection Techniques
- Preparing for the Call
- Negotiation Skills for Successful Collections
- Communicating and Listening Skills
- Building Relations with Customers
Managing the Receivables Ledger
- Developing Effective internal relationships to maximize performance.
- Setting targets and tracking performance
- Latest developments in Accounts Receivable
For Whom:
Accountants, Auditors, Financial Controllers, Accounts Receivable Managers, Credit Managers, Finance Managers and Financial Analysts, CFOs and others who perform related functions in both public and private sectors.
Training Methodology
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
7820 South Seneca Ridge Lane Hanover Maryland 21076, United States of America. | May 06 - 10 May, 2024 |
USD 6,000.00 | (The Workshop fee is $6000 (Six Thousand US Dollars) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.) |
Chris Onwuasigwe, FCA – 08033045484 08033045484