Fundamentals for international & local trade Controllers and other financial executives with responsibility for credit, receivables, and collections need the best tools, strategies, benchmarks, and advice to set goals to improve the operations of this vital function.
This program provides participants with a core understanding of four basic areas critical to managing credit, AR and collections: best practices, benchmarks, automation, and outsourcing.

Key Benefits

Credit And Collection Benefits

By the end of this program, participants will be able to:

• Understand the meaning and reasons for Credit Management
• Appreciate the important of credit policy in defining the objectives, function and responsibilities of credit department to achieve maximum profitability from trading.
• Realize the need of credit assessment due to selective risk-taking in the interests of increasing overall profitability.
• Focus on improvement in Company Receipts and Cash Flows.
• Establish a Collection Policy that not only ensure recovery of debts, but also provide follow up procedures in monitoring and collection of debts