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Live Webinar

90-minute live streaming program
  • December 21
  • 1:00 - 2:30 pm EST

How to Develop a Business Credit Policy

December 21

Learn the ins and outs of creating a streamlined and documented credit policy.

Most companies don't have a documented credit policy and those that do have one haven't updated them in years or fail to utilize it in their business resulting in confusion, lack of standards, and increasing accounts receivable issues including higher days sales outstanding, increased bad debt write-offs, and frustration among credit professionals and customers alike. This information will help you quickly create a basic credit policy to address these key issues (and others) to shorten the invoice to cash cycle streamlining all aspects of the accounts receivable, credit, and collections process.

Learning Objectives

- You will be able to define basic components of a credit policy.

- You will be able to describe the process of creating a credit policy.

- You will be able to discuss the need for a credit policy.

- You will be able to recognize the benefits of creating a corporate credit policy.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction
Do Your Homework
  • Who Are Your Customers?
  • How Effective Are You Today?
  • What Is Your DSO?
  • How Much Do You Write-Off?
  • Other Metrics
  • Benchmark Against Your Peers
Set Goals
  • Create a Mission Statement
  • Establish Smart Goals
  • Track and Measure Results
Develop a Credit Team
  • Define Roles and Responsibilities
  • Involve Sales
  • Building a Winning Team
  • Educational Resources
Fine Tune Collections Process
  • Define Procedures
  • Establish Best Practices
Implement a System
  • Manual Systems
  • Leveraging Existing Systems
  • Automated Systems
Continuous Improvement Program
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Finance 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.8 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for business and office managers, presidents, vice presidents, finance directors, controllers, CFOs, lending professionals and credit managers.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James Mallory

James Mallory

e2b teknologies

  • Partner in the office of Anytime Collect by e2b teknologies
  • Practice emphasizes all aspects of enterprise business applications
  • Conducts regular seminars and workshops on numerous business applications including ERP, accounting, and accounts receivable management
  • Written several publications related to the areas of business automation, accounting software, and accounts receivable
  • B.A. degree in business communications, Thiel College
  • Can be contacted at 440-352-4700 x229, [email protected] or on Twitter® @anytimecollect
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 400679
Published 2017
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