How to Manage Credit Customers and Get Your Proceeds Back

How to Manage Credit Customers and Get Your Proceeds Back, available at $19.99, has an average rating of 3.83, with 34 lectures, 7 quizzes, based on 6 reviews, and has 21 subscribers.

You will learn about * Account Receivable Management best practices. * How to recover all credit sales proceeds from your credit customers.  CASH is life to your business; you must have it running back to you.  Know why you need your business fund back in your business.  The risk you run if you don’t get the money fast enough back to your business.  Know the company policy on credit you need to put in place.  How to assess your customers to ascertain their credit worthiness and credit limit.  How to optimise your credit policy to work best for your business.  Techniques for evaluating and reviewing customer credit terms.  How to monitor and obtain vital reports on your credit customers so you can remain in control.  How to evaluate the efficiency of your Account Receivable Management.  Methods for speeding up cash collection.  Techniques to encourage timely payment.  What to do to avoid bad debt situation.  Get the tools to keep your Account Receivables under your control.  How you can diversify your customer base for better cash flow.  Protocols before and for missed payment.  Best cash collection processes.  What to do at different stages of dealing with a delinquent customer. This course is ideal for individuals who are All Business Owners or Aspiring Entrepreneurs It is particularly useful for All Business Owners or Aspiring Entrepreneurs.

Enroll now: How to Manage Credit Customers and Get Your Proceeds Back

Summary

Title: How to Manage Credit Customers and Get Your Proceeds Back

Price: $19.99

Average Rating: 3.83

Number of Lectures: 34

Number of Quizzes: 7

Number of Published Lectures: 33

Number of Published Quizzes: 7

Number of Curriculum Items: 41

Number of Published Curriculum Objects: 40

Original Price: $24.99

Quality Status: approved

Status: Live

What You Will Learn

* Account Receivable Management best practices.
* How to recover all credit sales proceeds from your credit customers.
 CASH is life to your business; you must have it running back to you.
 Know why you need your business fund back in your business.
 The risk you run if you don’t get the money fast enough back to your business.
 Know the company policy on credit you need to put in place.
 How to assess your customers to ascertain their credit worthiness and credit limit.
 How to optimise your credit policy to work best for your business.
 Techniques for evaluating and reviewing customer credit terms.
 How to monitor and obtain vital reports on your credit customers so you can remain in control.
 How to evaluate the efficiency of your Account Receivable Management.
 Methods for speeding up cash collection.
 Techniques to encourage timely payment.
 What to do to avoid bad debt situation.
 Get the tools to keep your Account Receivables under your control.
 How you can diversify your customer base for better cash flow.
 Protocols before and for missed payment.
 Best cash collection processes.
 What to do at different stages of dealing with a delinquent customer.

Who Should Attend

All Business Owners or Aspiring Entrepreneurs

Target Audiences

All Business Owners or Aspiring Entrepreneurs

Many promising businesses are struggling today because in the bid to entice customers, they offer credit to their customers which turns back to haunt and threaten the very existence of the business.

This course guides participants on how best to offer credits, who to offer credit, the terms of the credit and effective cash collection processes.

It gives you the tools to manage, monitor and appraise your Account Receivables (credit customers)

It teaches you the techniques to evaluate credit terms with your customers, techniques to encourage timely payment and methods to speed up cash collection from Account Receivables.

For delinquent customers, this course teaches you about the stages and the various ways to manage them effectively to get your money back.

This course further teaches you the approaches to minimise Account Receivable pressure by diversifying your customer base and transaction terms.

While credit can boost your sales, do not allow it to crush your business aspirations.

Get into this course to know better, so you can get the money back into your business and continue striving towards your business goals.

The course is a must for all business owners, sales managers, accountants, credit collectors, credit agents and others.

It will save you from problems associated with poor cash flow, thereby making it easier for you to meet you financial obligations as a business. Remember that being financially trust worthy is a powerful currency for business continuity.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Two Business Comparison – With good cash flow and with poor cash flow.

Lecture 2: The 4 Quick Wins in This Course

Lecture 3: Pitfalls of Poor Processes 1

Lecture 4: Pitfalls of Poor Process 2

Chapter 2: 2 Company policy, setting credit terms and procedure.

Lecture 1: Company credit policy 1

Lecture 2: Company credit policy 2 – Credit limit

Lecture 3: Credit Qualification Processes

Chapter 3: Optimise the Policy and the Process

Lecture 1: Optimised Policy

Lecture 2: Techniques for evaluating and reviewing credit terms.

Chapter 4: Monitoring and reports.

Lecture 1: Monitoring and reports – Accounts Receivable Aged Report.

Lecture 2: Monitoring and reports – Credit Utilisation Reports.

Lecture 3: Other Reports – Receivable Turnover Ratio.

Lecture 4: Other Reports 2 – Days in Sales Outstanding.

Lecture 5: Other Report 3 – Cash Conversion Cycle.

Lecture 6: Other Report 4 – Net Working Capital

Chapter 5: Collecting Cash

Lecture 1: Transaction documentations.

Lecture 2: Techniques to encourage timely payment – Stages and Actions 1

Lecture 3: Techniques to encourage timely payment – Stages and Actions 2

Lecture 4: Techniques to encourage timely payment – Stages and Actions 3

Lecture 5: Tools for Improved Account Receivable.

Chapter 6: Methods for speeding up cash collection from account receivable.

Lecture 1: Speeding up cash collection – Factoring 1

Lecture 2: Speeding up cash collection – Factoring 2

Lecture 3: Speeding up cash collection – Factoring 3

Lecture 4: Speeding up cash collection – Early payment discount.

Chapter 7: Defaulting Customers

Lecture 1: Dealing with defaulting customers.

Lecture 2: Diversification of account receivables.

Chapter 8: Protocols Before and For Missed Payment.

Lecture 1: Protocols Before and For Missed Payment 1

Lecture 2: Protocols Before and For Missed Payment 2

Lecture 3: Best Collection Process 1

Lecture 4: Best Collection Process 2

Lecture 5: Best Collection Process 3

Chapter 9: Conclusion

Lecture 1: Conclusion 1

Lecture 2: Conclusion 2

Instructors

Victor Olewunne
Consultant at Protarget Solutions and Instructor

Rating Distribution

1 stars: 0 votes
2 stars: 1 votes
3 stars: 1 votes
4 stars: 3 votes
5 stars: 1 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

Menu