Business Credit Control
Get ready to level up your business game with expert tips and strategies on credit control - it's time to boost that bottom line!
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About this event
Master Business Credit Control techniques to improve cash flow and reduce debt with expert strategies for financial success.
Overview:
Managing credit effectively is crucial for maintaining a healthy cash flow and ensuring business stability. This Business Credit Control course provides essential knowledge and strategies to monitor accounts, handle overdue payments, and minimise bad debt, helping organisations safeguard their financial position.
Designed for professionals involved in finance and credit management, the course covers key aspects such as credit risk assessment, debt collection methods, and communication tactics with clients. By understanding these principles, learners will be equipped to contribute confidently to their company’s financial health and support efficient credit control operations.
Learning Outcomes:
- Understand the fundamentals of credit control and its business impact.
- Identify effective methods to manage and reduce credit risk.
- Learn techniques for monitoring and collecting overdue accounts.
- Develop skills to communicate assertively with debtors and clients.
- Analyse credit policies to support company financial goals.
- Apply strategies to improve overall cash flow and reduce losses.
Who is this Course For?
- Finance officers seeking to improve credit management skills.
- Accounts receivable staff responsible for managing client payments.
- Business owners wanting to maintain stronger cash flow control.
- Credit analysts aiming to sharpen risk assessment techniques.
- Customer service teams handling payment discussions professionally.
- Office managers overseeing financial administration tasks.
- Individuals planning a career in financial or credit control.
- Professionals interested in reducing business debt and improving liquidity.
Career Path:
- Credit Controller – Average Salary: £25,000 to £35,000
- Accounts Receivable Clerk – Average Salary: £20,000 to £28,000
- Credit Analyst – Average Salary: £30,000 to £40,000
- Finance Officer – Average Salary: £28,000 to £38,000
- Debt Recovery Officer – Average Salary: £24,000 to £32,000
- Financial Administrator – Average Salary: £22,000 to £30,000
Frequently asked questions
Business Credit Control is the process of managing a company’s outstanding invoices to ensure customers pay on time and the business maintains healthy cash flow.
It helps prevent bad debts, improves cash flow, and ensures the business has enough funds to operate smoothly.
Common methods include setting credit limits, sending payment reminders, offering early payment discounts, and following up on overdue accounts.
Usually, a credit control team or credit controller manages the process, but in smaller businesses, it may be handled by the finance or accounts department.