Credit Management 1
Credit Management
This course covers all the basics you need to fully understand the major functions carried out by a progressive Credit Department. It starts with opening new accounts and throughout explores the requirements from a financial and commercial perspective. The reason we give credit is to help us to sell more – it is our job to ensure that credit is granted responsibly, and we find a way to deliver every order, in a way that will maximise the profits for our business.
The modules are as follows:
Module 1 – Introduction & Opening New Accounts
Unit 1 Introduction
Unit 2 Types of Customer
Unit 3 Opening New Accounts
Credit Application Forms Trade & Consumer
Forms of Security
Trade References
Available Information
Setting your lines of Credit
Unit 4 Creating and Implementing a Credit Policy
Unit 5 Export Credit Risks
Module 2 - Documentation & Right First Time
Unit 6 Documentation
Unit 7 Right First Time
Unit 8 Dealing with Other Departments
Unit 9 Dealing with queries and disputes internally & externally
Module 3 – Terms & Conditions
Unit 10 Payment Terms
Unit 11 Terms & Conditions
Unit 12 Incoterms
Unit 13 Types of Credit Agreements
Module 4 – Administration
Unit 14 Administration Systems
Unit 15 The Credit Function
Unit 16 Payment methods
Unit 17 Systems
Unit 18 KPI’s
On completion of this module you will have a greater understanding of the whole credit function and get tips
and techniques to help you implement the necessary systems and controls.
This course covers all the basics you need to fully understand the major functions carried out by a progressive Credit Department. It starts with opening new accounts and throughout explores the requirements from a financial and commercial perspective. The reason we give credit is to help us to sell more – it is our job to ensure that credit is granted responsibly, and we find a way to deliver every order, in a way that will maximise the profits for our business.
The modules are as follows:
Module 1 – Introduction & Opening New Accounts
Unit 1 Introduction
Unit 2 Types of Customer
Unit 3 Opening New Accounts
Credit Application Forms Trade & Consumer
Forms of Security
Trade References
Available Information
Setting your lines of Credit
Unit 4 Creating and Implementing a Credit Policy
Unit 5 Export Credit Risks
Module 2 - Documentation & Right First Time
Unit 6 Documentation
Unit 7 Right First Time
Unit 8 Dealing with Other Departments
Unit 9 Dealing with queries and disputes internally & externally
Module 3 – Terms & Conditions
Unit 10 Payment Terms
Unit 11 Terms & Conditions
Unit 12 Incoterms
Unit 13 Types of Credit Agreements
Module 4 – Administration
Unit 14 Administration Systems
Unit 15 The Credit Function
Unit 16 Payment methods
Unit 17 Systems
Unit 18 KPI’s
On completion of this module you will have a greater understanding of the whole credit function and get tips
and techniques to help you implement the necessary systems and controls.