Financial Crime World

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Documentation: The Key to Efficient Credit Control

In today’s fast-paced business environment, effective documentation is crucial for maintaining a healthy cash flow and preventing financial risks associated with late payments. As a credit controller, it is essential to have a solid understanding of the principles and importance of effective credit control.

Who Should Attend?

This course is designed for individuals seeking to enhance their knowledge of credit control and its role in financial management. Professionals who would benefit from this training include:

  • Credit Managers
  • Accountants
  • Finance Professionals
  • Supply Chain Specialists

Course Objectives

By the end of this course, you will be able to:

  • Develop a comprehensive understanding of credit control systems and their management
  • Learn the legal and regulatory frameworks governing credit processes
  • Gain proficiency in calculating wages, taxes, and deductions accurately
  • Familiarize yourself with credit software and technological tools used in credit management
  • Enhance your skills in maintaining accurate employee credit records and ensuring compliance

What’s Included?

  • World-class training sessions from experienced instructors
  • Credit Control Certificate
  • Digital Delegate Pack

Duration

  • Online Instructor-led: 1 day
  • Online Self-paced: 8 hours

Course Outline

Module 1: Introduction to Credit Control

  • What is credit control?
  • Importance of credit control in financial management
  • Key terminology

Module 2: Types of Credit Control

  • Cash in advance
  • Letters of credit
  • Documentary collections
  • Open account
  • More on confirmations

Module 3: Obligations Between Banks, Importers, and Exporters

  • Procedures to avoid common mistakes

Module 4: Complying with UCP600 and ISBP

  • What is the UCP600?
  • What is the ISBP?
  • Letters of credit have to contain consistency, date, description, origin, and timing

Module 5: Best Practice for Creating Documentation

  • Procedures to avoid common mistakes

Module 6: Reasons for Rejection and What to Do

  • Common mistakes in letter of credit
  • Exporter options forward document on approval, cable for approval, indemnity

Conclusion

Effective documentation is crucial for maintaining a healthy cash flow and preventing financial risks associated with late payments. As a credit controller, it is essential to have a solid understanding of the principles and importance of effective credit control. This course provides professionals with the knowledge and skills necessary to excel in their roles and ensure compliance with legal and regulatory frameworks.

Dates & Prices

For more information on dates and prices, please visit our website or contact us at [insert contact information].