How to Manage Credit Customers and Get Your Proceeds Back
Learn best practices for managing accounts receivable and recovering credit sales proceeds. Optimize your credit policy and cash collection processes to ensure timely payment and avoid bad debt. This course is essential for business owners, sales managers, and credit collectors.
What you’ll learn
- * Account Receivable Management best practices.
- * How to recover all credit sales proceeds from your credit customers.
- CASH is life to your business; you must have it running back to you.
- Know why you need your business fund back in your business.
- The risk you run if you don’t get the money fast enough back to your business.
- Know the company policy on credit you need to put in place.
- How to assess your customers to ascertain their credit worthiness and credit limit.
- How to optimise your credit policy to work best for your business.
- Techniques for evaluating and reviewing customer credit terms.
- How to monitor and obtain vital reports on your credit customers so you can remain in control.
- How to evaluate the efficiency of your Account Receivable Management.
- Methods for speeding up cash collection.
- Techniques to encourage timely payment.
- What to do to avoid bad debt situation.
- Get the tools to keep your Account Receivables under your control.
- How you can diversify your customer base for better cash flow.
- Protocols before and for missed payment.
- Best cash collection processes.
- What to do at different stages of dealing with a delinquent customer.
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Many promising businesses are struggling today because in the bid to entice customers, they offer credit to their customers which turns back to haunt and threaten the very existence of the business.
This course guides participants on how best to offer credits, who to offer credit, the terms of the credit and effective cash collection processes.
It gives you the tools to manage, monitor and appraise your Account Receivables (credit customers)
It teaches you the techniques to evaluate credit terms with your customers, techniques to encourage timely payment and methods to speed up cash collection from Account Receivables.
For delinquent customers, this course teaches you about the stages and the various ways to manage them effectively to get your money back.
This course further teaches you the approaches to minimise Account Receivable pressure by diversifying your customer base and transaction terms.
While credit can boost your sales, do not allow it to crush your business aspirations.
Get into this course to know better, so you can get the money back into your business and continue striving towards your business goals.
The course is a must for all business owners, sales managers, accountants, credit collectors, credit agents and others.
It will save you from problems associated with poor cash flow, thereby making it easier for you to meet you financial obligations as a business. Remember that being financially trust worthy is a powerful currency for business continuity.
Who this course is for:
- All Business Owners or Aspiring Entrepreneurs
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