Effective Credit Risk Policy & Debt Collection (Limassol)

Description

 

This course is in Greek.

 

Course description:

In today’s tough economic climate the management and measurement of credit risk represents the cornerstone of business sustainability. This practical 2-day training course enables participants to appreciate the entire credit control function and explore its strategic aspects, ranging from a company’s choice in credit policy to the type of transaction involved. 

The course aims to teach participants how to improve their organisation’s processes to increase efficiency, detect risky scenarios concerning debtors, as well as provide them with valuable negotiation techniques to manage account disputes while preserving customer relationships.

 

The course will cover the following topics:

• Selecting creditworthy customers
• Controlling and monitoring the transactional behaviour of your customers
• Credit risk assessment of new and existing customers
• Credit policy as a prevention tool for doubtful debts
• Good practices for effective credit policies
• Aligning your credit policy to the organisation's strategy
• Adjusting your credit policy in accordance with the economic environment and business sector
• Proven debt collection techniques
• Common profiles and behavioural aspects of debtors
• Elements and parties involved in the debt collection process
• Credit control process vs. Sales process
• Useful tools and methods for the prevention of bad debts
• Legal framework

 

This course can be offered in-house, customised to your business needs.

Topics

A) The cost of providing "free credit"
B) Examples
C) How does credit affect profit
D) The impact of bad debts on sales

A) Which departments are involved in providing credit
B) Credit Control department vs. Sales department

A) The parties involved in the debt recovery process
B) The four main categories of debtors
C) Possible debtor responses
D) Possible ways debtors use to avoid paying debts
E) Factors influencing collection
F) Debt collection process
G) Negotiation techniques

A) Types of companies
B) Factors affecting the transactional behaviour of companies
C) Bankruptcy of natural/legal entities

A) The credit risk assessment process
B) Recommended customer assessment procedures
C) Opening a new customer account

A) The role of information providers
B) The role of factoring companies
C) The role of credit insurance companies

Summary

Course dates

Oct 16 - Oct 17, 2018

Class hours

08:30 - 14:55

Subsidy

HRDA Approved

Training certificate

Human Resource Development Authority of Cyprus (HRDA)

Level

1

Mode of study

full-time

Method of instruction

classroom

Language

Greek

Educational material

digital

Laptop

not required

Payment

online

Course Instructors

Nicos Ioannou
Business Development Director at Infocredit Group, Professional Member of CICM and CSA, Certified Mediator and HRDA-approved Trainer

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Course Locations

Locations:

  • Curium Palace Hotel - 11 Byron Street, Limassol 3105, Cyprus

For more info call us on:

22398000

Quick and Easy Registration

''Empowering Professionals''

Unemployed
(Less than 6 months)

277.27

Payment: JCC

Discount Policies
Participants
1 - 8 -55.81% 122.52€

For more information

22398000
info@ipe.com.cy
8 seats remaining
Unemployed
(More than 6 months)

0

Payment: JCC

For more information

22398000
info@ipe.com.cy
8 seats remaining
Self employed

277.27

Payment: JCC

Discount Policies
Participants
1 - 8 -15.00% 235.68€

For more information

22398000
info@ipe.com.cy
8 seats remaining
Company

277.27

Payment: JCC

Discount Policies
Participants
1 -0.00% 139.27€
2 -10.00% 111.54€
3 - 10 -15.00% 97.68€

For more information

22398000
info@ipe.com.cy
8 seats remaining

Registration is also available via Telephone 22398000

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