Webinar on

Collect & Prevent Overdue Outstanding Collections

On

2nd February 2022

11:00 am to 04.30 pm

Timely Collection of Receivables is the key to Success at the Time COVID 19

Introduction

Liquidity plays very important role in the success of any business Organisation. Timely collection of Accounts Receivables is one the major area in improvement of Liquidity. Moreover further collection of Accounts Receivables helps to reduce the Working Capital Requirement and to reduce interest payment.

Today is a turbulent time for business and the economy is in a heightened state of flux. Reaching Business Targets is difficult. Credit thus plays its part in achieving higher sales and expanding markets. Unfortunately poor credit management can kill a business. Assessing business risk and prospects, deciding a credit limit and credit period are backbone of credit management. These areas are least understood or controlled by most organisations

Contents

Building a Credit Policy:

Fundamentals of Good Credit Management

Principle of Offering Credit, Terms of Payment

Collection Policies and Practices

Building Credit Policy based on Needs of Market Why not follow IOC Policy?

Credit Worthiness Developing simple method

Few Mechanics

Cost involved in giving Credit

  Utilising to decide the period of credit

  Whether to accept earlier payment than the agreed terms by giving discount.

Calculating Ageing of Receivables and Average Collection Period and use of it to collect the receivables according to the Credit Policy

Role of Accounts and Marketing Department in collecting the receivables.

Utilisation of various methods such informing the Debtor few days before the due date automatically by using Information Technology, Tele Calling, Collection Letters, and Personal Visit etc. to collect the receivables in time

Role of Top Management or Owner of the Organisation

Role of CASH Management Service provided by Banks Cost & Benefits Analysis

Availing of Credit Limit against Receivables from Bank

Availing Bill Purchase Limit from the Bank

Collecting Cheques from the Customers Advantages and Dis-advantages.

Problem Accounts and Legal Action including Action in the case of Cheque

Taking Advantage MSME Act provisions to collect the dues in time

  Return under Section 138 of the Negotiable Instruments Act.

Pre-requisites

You should have good internet connection and good quality headphone/speaker set with Laptop / Desktop.

You should have notepad/pen to note down important points.

How To Register

Fee Structure :- Per participant

Till 31st January 2022

Rs. 4000/-

USD 81

Onwards

Rs. 7000/-

USD 141

18% GST is applicable

> Mode of Payment: NEFT /Paytm / Credit Card/ GPAY

> Fees include certificate of participation & Course Material.

*Terms & Conditions apply

 

Best regards

For GFORD Institute of Management Pvt Ltd

Kapil Sharma

Email: gfordseminar@outlook.com 

Mob. :9711114779 / 9315556407

For Query and nominations 9540012349 only Whatsapp

 

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