In today's dynamic business environment, efficient management of financial processes is crucial for organizational success. Accounts Payable (AP), Accounts Receivable (AR), and Credit Management are integral components of financial operations that directly impact cash flow, liquidity, and overall financial health. Effective management of these areas not only ensures timely payments and collections but also strengthens relationships with vendors and customers while mitigating financial risks. This course covers essential topics such as payment processing, credit analysis, collections strategies, and financial reporting. Participants will gain practical skills and knowledge to optimize cash flow, minimize risks, and improve overall financial management.

For Whom

This course is designed for finance professionals with the knowledge and skills needed to manage payables, receivables, and credit effectively. Finance and accounting professionals such as account payable and receivable managers, credit managers and analysts, financial controllers and CFOs. Business owners and entrepreneurs will also benefit from this course.

Learning Objectives

At the end of the program, participants will be able to:

• Explain the end-to-end processes in AP and AR, including invoice processing, payment procedures, billing, and collections.
• Optimize cash flow through effective management of payables and receivables.

Eenhance financial reporting and analysis for better decision-making.

• Develop techniques for assessing credit risk, establishing credit policies, and implementing effective credit control measures to mitigate financial risks.
• Explore the role of technology and automation in streamlining AP, AR, and credit management processes, improving efficiency, and reducing operational costs.
• Ensure adherence to regulatory requirements and industry standards in financial operations, as well as implement best practices for optimizing AP, AR, and credit management functions.
• Develop skills in vendor and customer relationship management, effective communication, and negotiation to foster mutually beneficial partnerships.
• Apply best practices in financial management