What You'll Learn
- Understand the comprehensive overview of credit control.
- Recognize the importance of credit control in business operations.
- Learn key principles of effective credit control.
- Grasp the legal aspects pertaining to credit control.
- Identify the role of credit control in risk management.
- Monitor and assess customer credit ratings effectively.
- Establish and implement successful credit policies.
- Optimize credit terms and conditions custom-tailored for your business.
- Master techniques for assessing customer creditworthiness thoroughly.
- Enhance communication skills tailored to credit control processes.
- Utilize payment reminders and collections techniques proficiently.
- Leverage technology to streamline credit management processes.
- Discover tactics for accelerating cash inflow to boost liquidity.
- Efficiently manage overdue accounts and minimize late payments.
- Implement effective debt recovery strategies tailored to your business needs.
- Develop negotiation techniques essential for resolving credit issues.
- Adopt proactive measures to prevent bad debts.
- Evaluate and adjust credit control practices for continuous improvement.