The Best One To Collect Cash

?? #CreditChats by Credit Engineering Engineering, exploring the art of debt collection.

Join us in the next issue of #CreditChats, where we delve into the intriguing area of debt collection with a focus on finding an optimal collector's personality for different business situations. In this riveting discussion, we aim to unravel the intricacies of efficient debt recovery strategies and the indispensable role played by credit managers and other pople involved into credit process.

Dee Bowden , our featured expert, drawing from a rich credit career, offers a unique perspective gained through hands-on experience in collecting outstanding loans. While acknowledging the necessity of debt collection, our seasoned professional emphasizes that mere collection is insufficient for portfolio enhancement. The crux lies in a holistic approach that not only recovers debts but also prevents their recurrence, likening the task to saving a sinking ship – the Titanic.

In an era where voices advocate separating collectors from credit-granting roles, our expert presents empirical evidence to the contrary. The key revelation? Those with a profound understanding of debtors significantly increase their chances of successful collection. In the world of credit, preparation is paramount, and our expert poses a compelling question: Who is better prepared for a collection call – the credit manager who granted the credit or the collector meeting the customer for the first time?

In tandem with Dee Bowden , we will unravel the diverse personas involved in cash collection. Tune in to #CreditChats for an engaging dialogue that transcends traditional approaches, offering a 360-degree view of debt recovery. Prepare your questions, mark your calendars, and join us online as we navigate the dynamic landscape of credit and collections. Don't miss your chance to glean wisdom from industry experts and elevate your understanding of credit management.

?? Date: 11th January 2024

?? Time: 5 pm Central European Time

?? Location: LinkedIn Live, Andriy Sichka https://www.dhirubhai.net/events/7143556629379129345/

?? Prepare your questions and stay tuned for an enlightening discussion!

? Add the event to your calendar to avoid missing it

comprehensive credit management skill-set

The next flow of the online course 'Credit and Accounts Receivable Management' will start?on May, 6th 2024.?Join us and?review the approach to credit management and begin to get tangible business results!

5?reasons to attend:

1. Reduce Overdue, Bad Debts and Cash Shortages.
2. Fully Utilise Company's Sales Potential.
3. Optimise The Cost Of Receivables Service.
4. Always Find and Offer Optimal Credit Terms To Counterparts.
5. Make Next Step In Career With International Qualification DipCM IAPBE.

67%?of participants improve their work performance before the end of the course.

Register today!

trade credit decision-making masterclass

Every company faces the challenge of dealing with overdue and bad debts. While many businesses attempt to address these issues by implementing strict controls on receivables and intensifying their efforts to collect overdue payments, these measures often yield only partial success. Moreover, excessive focus on debt collection can strain customer relationships and lead to a decline in sales volume.

On the other hand, the foundation for preventing late payments is laid long before the need for collection arises. More than half of the battle is usually won when contractual terms are properly negotiated and agreed upon by both parties. The key to success lies in the quality of risk assessment, the appropriateness of credit payment terms, and the selection of the right trade credit security instruments.

This course consists of effective methods and winning strategies for finding, aligning, and maintaining optimal credit limits, payment terms, and security requirements for any trade credit transaction. By proactively establishing clear and mutually beneficial terms from the outset, companies can significantly reduce the incidence of overdue payments and bad debts. This not only preserves valuable customer relationships but also contributes to a healthier bottom line.

Should you wish to become a master of credit terms structuring for customers and suppliers join us online and become one, join us on:

Trade Credit Decision-Making Masterclass is our first course on Udemi.

Feel free to reach out to me if you have any questions.

Stay tuned, there are more interesting?events?ahead!

Bon Crédit ???

Andriy SICHKA

managing partner

www.creditengineering.com