Course
Modern Collection Management
The Modern Collections Management course aims to provide participants with the latest methods and techniques for managing collections efficiently, ensuring improved cash flow and reducing bad debts. The course focuses on strategies for dealing with delinquent customers, effective negotiation, and developing flexible collection plans tailored to the nature of various businesses.
Participants will learn best practices in credit assessment and design effective collection policies based on financial analysis and customer credit behavior. The use of technology in collections, such as smart systems for tracking payments and automating collection processes, will also be discussed.
The course also covers the legal aspects of debt collection management, such as laws governing debt, litigation procedures, and amicable settlements. Real-life case studies will be reviewed to analyze various scenarios and enhance participants' skills in dealing with the challenges associated with debt collection.
The course is designed for accountants, credit managers, collection teams, and financial officers who wish to enhance their collection management skills using the latest tools and strategies.
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