Practical Credit Risk Policy & Debt Collection

Description

The modern business reality brings Cypriot companies face to face with many risks and challenges with international ramifications.

Globalization of risks and increasing competitiveness in the market require businesses to face several challenges, such as increasing production costs, the need for innovation and adapting to new technologies.

In this context, good credit risk management as well as effective debt collection have become vital for businesses. The more effective this process is, the greater the certainty of the company’s prosperity and the creation of a long-term competitive advantage.

 

Benefits Of Attending The Course:

After completing the program, the trainees will be able to:

  • Recognize the importance of the Credit Policy for the company, especially in a period of crisis or rapid growth
  • Rank the credit limit of customers based on qualitative, quantitative, and commercial data
  • Identify and demonstrate the basic skill standards required for effective debt collection
  • Justify what it means to be effective in debt collection
  • Justify the effect on the cust
 
 

CPD accreditation:

*The course may be approved for up to 11.5CPD units verified directly by the participant's association, regulator or other bodies which holds membership.

** For the Cyprus Bar Association Members this counts as part of their Continuous Professional Development, qualified as Non-verifiable CPDs.

 

*Group rates available.  **Early Bird discount may apply.

 

This course can be offered inhouse, customised to your business needs.

*Infocredit Professional Education division (IPE)  holds the right to postpone or cancell any seminar within a logical time frame near to the start date of the seminar, in the case whereas no adequate number of participants is registered i .e. less than 6 persons and/or in the case that out of the list of registered people are not included at least 4 employed people  ( as per HRDA guidelines). You can access  HRDA guidelines by clicking the link 

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

Region

Limassol

Course dates

Jun 09 - Jun 10, 2020

Class hours

09:00 - 15:25

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

printed

Laptop

not required

Payment

online

Course Instructors

Nicos Ioannou
General Manager 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:

+357 22398000

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