Re-gaining control of credit control
You won the business and you’ve finished the job....the invoices are now well overdue...but you still haven’t got paid! Sound familiar?
The issue of late payments is becoming a bigger headache for many small business owners in Ireland. According to the ISME Credit Watch Survey last year, Irish SMEs were waiting 69 days, on average, for payment. Worryingly, one in ten of their members were waiting over 120 days for their cheque. The Credit Control workshop on Tuesday, May 25th will show you how to apply effective credit control techniques to increase your chances of getting paid, on time.
Credit Control Workshop
Date: Tuesday 25th May 2010
Time: From 2pm – 6pm / 1 afternoon
Venue: National College of Ireland, IFSC, Dublin 1
Training Fee: €30
Recommended for: Accounts staff/Sales staff/Owner
Places are restricted, so please click here to book your place online now.
Aims of the Credit Control Workshop
• Control credit effectively and operate a credit control system
• Collect money quickly and efficiently
• Reduce exposure to slow paying customers and bad debts
• Establish the costs of credit and work on a reduction programme
• Learn how to obtain a commitment for payment of credit on the telephone
• Maximise profitability
Credit Control Workshop Content ...what you’ll learn:
• Credit Control Methods and Techniques
• The Credit Cycle
• Principles and practices of credit control
• Key Performance Indicators
• Debt Management and Communication
• Factoring, invoicing and discounting
• Managing the collection process
• Voluntary arrangements
• How to gain commitment to pay
• Prioritising techniques
• Escalation procedures
• Request for payment
• Demands for payment
• Legal demand for payment
• Costs v settlement – is it worth it?
• VAT and Tax Relief for bad debits
To re-gain control of your credit control, book your place for the Credit Control Workshop on May 25th by clicking here.