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EncartaLabs

Credit Management

( Duration: 5 Days )

The Credit Management training course provides the knowledge and skills required to manage outstanding customer accounts. In this course you will learn to apply professional industry approaches to procedures, guidelines, policies and standards in credit management. You will learn to apply product knowledge and advisory skills and correctly initiate and manage customer accounts with outstanding payments. In this course, you will learn to investigate, negotiate and resolve disputes. You will also learn to understand the functions and implications of different forms of credit and the strategies and methods to make appropriate credit management decisions. This course is ideal for those interested in roles such as Credit Controller, Credit Analyst and Customer Service Officers with credit management responsibilities.

COURSE AGENDA

1

The role of credit in society

2

The concepts and terminology of credit

3

The impact of consumer debt on the national economy

4

Identify and discuss the range of credit options available

5

Types of credit facilities used by businesses

6

Implications of default on secured loans are explained to the client

7

Identify and discuss costs of using credit

8

Analyse and discuss the effective use of consumer credit

9

Manage personal credit rating and history

10

Scope, sectors and responsibilities

11

Financial services industry guidelines, procedures and legislation

12

Codes of practice

13

Sustainability issues for the financial services industry

14

Sustainability policies, strategies and impacts on industry

15

Environmental sustainability

16

Work planning

17

Triple bottom line principles

18

Information management

19

Facilitate team work

20

Time, resources and other constraints

21

Develop and maintain personal competency

22

Competency, authorisation and licensing requirements

23

Check and verify application details

24

Submit assessment and decision

25

Recommendations to accept or reject credit applications

26

Maintain application records and complete necessary documentation

27

File and record movements

28

Identify customers requiring collection activity

29

Overdue debtors

30

Organisation policy and procedures

31

Establish contact with customers

32

Resolve outstanding payment matters

33

Negotiate resolution of outstanding payments

34

Debtors and legal action

35

Monitoring payment agreements

36

Reviewing accounts

37

Collect and record monies due

38

Account transactions

39

Review compliance

40

Verification of all case material

41

Claims and disputes

42

Investigate, resolve and finalise disputes

43

Complete all documentation

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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