Receivables Management
This training course will introduce you to new skills that will help increase your performance and the support you offer your team, department and manager.
This two-day Receivables Management course is designed to provide participants with the information and skills required to efficiently manage accounts receivable, enhance cash flow, and reduce bad debts. The training addresses fundamental principles, practical tactics, and tools for streamlining receivables procedures, allowing firms to maintain healthy financial operations.
- Understand the fundamentals of receivables management and how they affect an organization’s financial health.
- Analyze accounts. Receivable Data: Learn how to understand financial data on receivables and spot patterns and difficulties.
- Implement Effective Collection techniques: Create techniques for managing past-due accounts and increasing collections.
- Improve Credit Risk Assessment: Learn how to analyze and manage credit risk to limit the possibility of bad debts.
- Utilize Technology and Tools: Investigate current tools and technologies that can help expedite receivables management operations.
- Optimize Cash Flow: Learn how to optimize cash flow by better managing receivables.
- Finance and Accounting Professionals: Individuals responsible for managing accounts receivable, credit, or collections.
- Credit Managers: Those involved in assessing and managing credit risk.
- Accounts Receivable Clerks: Professionals who handle daily receivables tasks and transactions.
- Financial Analysts: Analysts who need to understand and interpret receivables data.
- Business Owners and Managers: Those seeking to improve financial management practices within their organizations.
- Introduction to Receivables Management
- Overview and importance of receivables management
- Key concepts and terminology
- Impact on organizational financial health
- Receivables Data Analysis
- Techniques for analyzing accounts receivable data
- Identifying trends and issues
- Reporting and monitoring receivables performance
- Credit Risk Assessment
- Methods for assessing credit risk
- Tools and techniques for evaluating customer creditworthiness
- Implementing credit policies and procedures
- Effective Collection Strategies
- Developing and implementing collection strategies
- Handling overdue accounts and disputes
- Negotiation and communication skills for collections
- Introduction to Receivables Management
- Overview and importance of receivables management
- Key concepts and terminology
- Impact on organizational financial health
- Receivables Data Analysis
- Techniques for analyzing accounts receivable data
- Identifying trends and issues
- Reporting and monitoring receivables performance
- Credit Risk Assessment
- Methods for assessing credit risk
- Tools and techniques for evaluating customer creditworthiness
- Implementing credit policies and procedures
- Effective Collection Strategies
- Developing and implementing collection strategies
- Handling overdue accounts and disputes
- Negotiation and communication skills for collections
How you benefit attending this program?
- Enhanced Skills and Knowledge: Gain a solid grasp of receivables management and its implications for the company.
- Practical Tools & Techniques: Discover concrete techniques and tools for use in real-world circumstances.
- Develop abilities that can help you advance your career in finance and accounting.
- Problem-solving Skills: Develop the capacity to successfully handle and resolve accounts receivable difficulties.
- Decision-Making Confidence: Make well-informed judgments based on extensive research and analysis.
How your company benefits by sponsoring you to this program?
By sponsoring you to this program, your organization will be able to:
- Improved Cash Flow: Effective receivables management leads to increased cash flow and liquidity.
- Reduced Bad Debts: Effective collection tactics and credit risk management lower the number of bad debts.
- Increased Efficiency: Streamlined procedures and the use of technology boost overall operational efficiency.
- Improved Financial budgeting: Accurate receivables management enables improved financial forecasting and budgeting.
- Improved Customer connections: Better communication and management tactics lead to stronger customer connections.
Here is what some of the previous participants of this program had to say:
“We learnt a lot of new techniques which will help us to implement in our organisation”
“It was brought across to us in a such a way that we have go back and implement”
Beginning of the program:
Each participant has to fill in a pre-training need form to ascertain their expectations that can be catered to by the facilitator.
At the end of the program
Each participant has to submit a Post Training Action plan for implementation and to ascertain the Return on Investment.
