Collection of financial receivables and arrears of debtsFinance and Accounting

In any city around the world 00447455203759 Course Code: AC/2021/031

Course Description

Course Duration: Five Training Days

Course Language : Arabic or English

Include:

Scientific material with TAB

Workshops

Reception and farewell at the airport

Daily lunch

Coffee Break

To register, please contact us by email.

info@caclo.co.uk

Course Themes

First: a definition of the most important principles and methods of collecting financial receivables and arrears and their sectors.

Second: Skills to be available and acquired for collection officials

• Negotiation skills, flexibility in dealing, and how to persuade

• The skill of firmness and decisiveness in making decisions at the right times

• Communication and communication skills

• The skill of understanding the psychological aspects of humanity

• The skill of balancing gains and risks

Third: Methods, Steps, and Means of Collecting Receivables

• issuing invoices and statements of accounts.

• Request payment and follow-up.

• diversification of payment methods

• Know exactly who pays the dues exactly.

• Availability of warranties

• Installments and scheduling

• Lead time and time factor.

• recourse to the judiciary and legal accountability

Fourth: The importance of databases for customers, updating, and analysis

Fifth: Collection and methods of measuring it

From the division of the time periods for collection, which are the buckets or the so-called virtual time boxes, divided into 5 periods:

1. Current

2. Above 30 days

3. Above 60 Days

4. Above 90 Days

5. Above 120 Days

6. Bad Dept.

Sixth: Performance Measures and Indicators

It is daily, weekly, and monthly at the level of the employee and management.