This training programme provides participants with all the tools necessary to ensure that they can reduce their creditors payment cycle as much as possible and get paid promptly.
Any businesses who have creditors and need to reduce the payment cycle for funds to flow more freely throughout their business.
Participants will understand the stages at which they can monitor to maintain a healthy cashflow in their business from credit policies, credit checks, calculating debtor days, records and much more.
Online Delivery via Zoom.
This programme is delivered over 2 x 90 minute sessions with a short break in between.
The Foundation Stones
- Give Credit with Care. Have a Credit Policy with Clear Terms & Conditions.
- Undertake Credit Checks.
- Understand your customer’s T&Cs and get PO Numbers if required.
- Ensure that EVERYTHING is Invoiced and Invoice promptly.
- Debtor Days Calculation and keep up-to-date Records.
- Review Debtors List at least every month.
- Keep a record of customers’ Track Record for Payment.
- Additional charges for late payment
Collecting your Money !
- ‘Act early & often’ / Reminder emails, letters & calls / Attitude & Disposition / ‘Reading the circumstances’.
- Understand the critical elements of conversations and ‘tools of collection’
- Obtain payment of undisputed amounts.
- Personal visits and Sales people involvement
- The cost, time and other impact of disputed debt collection
- Resolve disputes / Arbitration / Assessment by industry expert
- Settlement / Agreement for Payment
- Cut off point decision / Lost relationship Rules for Additional Action:
– Recovery of goods
– Damage limitation
– Debt collection agents
– Legal Action
Review Summary and Action Plan
Request a proposal for the Cash Collection Programme.
The Cash Collection Training Programme FAQs
Optimum Results have been delivering bespoke training programmes and customised mentoring solutions to our clients both domestically and internationally since 1995. We are thrilled to have fantastic case studies and testimonials to showcase our work over the years.
We also pride ourselves in our quality of training content and delivery, and as such, we offer a satisfaction guarantee to our clients
The fantastic thing about this course, and all our programmes, is that they are completely customised to meet your specific objectives. Training can have extremely positive effects on your organisation, from getting a plan of action together, to getting you out of a rut, to helping your team get across that ‘hump’ that they are struggling with.
We can bridge that skills gap that you currently have, and empower your team, by providing them with the essential advice and support that they need.
Absolutely. All our sessions start with learning your objectives, and tailoring the session to meet these objectives.
Contact us today through the form below, or by emailing us on [email protected], or phone at 042 93 33033.
Contact us today to discuss our pricing and payment options available.
We have a dedicated helpdesk for all our training programmes. Our friendly team are always on hand to answer your questions and provide you with any additional support you may need.
Absolutely. Our range of delivery options ensures we can safely deliver all training programmes and mentoring sessions remotely, and just as effectively.