This OXFORD Revenue Collection online training seminar provides delegates with the skills necessary to maximize their organization's cash collection effort.
Cash is the lifeblood of enterprise. Its sourcing and management comprise the single most important endeavour in business. Without it, nothing is possible. An enterprise's funding needs will be dictated by the nature of the business, its maturity, and the owners' / managers' aspirations for its growth.
By attending this online training seminar, delegates will understand:
The role of effective Revenue Collection
The importance of effective billing management processes and the impact of the new VAT legislation
Key collection tools, tips, and techniques
How to develop effective collection strategies?
How to maximise revenue collection team performance?
At the end of this Oxford Management Centre online training course, you will learn how to:
Assess collection risk
Make the most of the developments in Revenue Collections technology
This online training course will utilize various proven online learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
The organisation will gain through the development and application of Revenue Collection management capabilities and skills; specifically, benefits will include:
Improved awareness of key business performance measures
Greater insights from global best practice
Better integration of broader financial process, for example, credit risk assessment and management
Raised levels of professionalism in the Revenue Collections team
The improved human talent pool for internal succession planning
More effective Revenue Collection and the potential to reduce operating costs and time in a key area for financial transaction processing
As a delegate, you will:
Have a clear understanding of how to manage Revenue Collection
Be pro-active in seeking and finding approaches to improve process and effectiveness within Revenue Collection
Communicate the importance of enhancing the Revenue Collections process and its role in improving working capital management to colleagues
Learn the latest developments in best practice in Revenue Collection
Who should attend?
This OXFORD Revenue Collection Online training seminar is suitable for a wide range of professionals employed in Revenue Collection, but it will be particularly beneficial to:
Collections Team Leaders & Senior Supervisors
Accounts Receivable and Credit Team
Finance Professionals who wish to improve their understanding of this area
Credit Risk Assessment – Why is prevention better than cure?
Credit Risk Assessment – tools, tips, and techniques
Analysing Financial Statements to Determine Company Health
Establishing Credit Limits
Offsetting Credit Risk: Guarantees, Bonds, and Insurance Options
Key Data Required for the Customer Master File
Credit Worthiness as a Basis for Debtor Classification
Billing Process - Getting it the right first time
Billing Process Defined
Authorisation Levels, Audit and Control Checks
Billing Frequency and Reconciliations
Accounting for VAT
Using Technology to Leverage the Billing Process
Benefits of an Integrated Billing / Accounts Receivable Solution
Key Collection Tools and Techniques
Eliminating Barriers to Payment
Recognizing Excuses and Delaying Tactics
Telephone Collection Techniques
Developing Personal Assertiveness
Negotiation Skills for Successful Collections
Building Relationships with Customers
Developing Effective Strategies to Maximise Cash Collection