Accounts Receivable and Credit Policies Management

What Will You Learn?

• Day 1: Understanding Accounts Receivable
• Role and Importance of Accounts Receivable
• Components of Accounts Receivable
• Risks and Challenges in Managing Receivables
• Aligning Receivables with Organizational Objectives
• Day 2: Credit Policies and Risk Assessment
• Developing Effective Credit Policies
• Credit Risk Assessment Techniques
• Credit Scoring and Rating Models
• Case Studies on Credit Policy Development
• Day 3: Credit Approval and Customer Onboarding
• Credit Approval Processes
• Due Diligence in Customer Onboarding
• Setting Credit Limits and Terms
• Real-Life Scenarios in Credit Approval
• Day 4: Accounts Receivable Collection Strategies
• Collection Policies and Strategies
• Implementing Collection Processes
• Negotiation and Resolution Techniques
• Case Studies on Successful Collection Strategies
• Day 5: Technology Integration and Performance Measurement
• Technology Tools for Receivables Management
• Automated Collection Systems
• Key Performance Indicators (KPIs) for Receivables
• Final Project: Developing a Comprehensive Accounts Receivable Management Plan