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Live Webinar

90-minute live streaming program
  • October 25
  • 1:00 - 2:30 pm EST

Also available as:

OnDemand Course

Complete Guide to Making Effective Credit Decisions

October 25

Learn best practices in making smart and effective credit decisions.

This material will focus on everything you need to know to establish procedures that will allow you to make smarter decisions during the credit-granting process. You can expect to learn how to create and leverage forms to simplify and strengthen your decisions, how to set and change credit limits for problematic customers, how to identify and address risks that may arise down the road, and how to make collections easier later on. This topic will cover many additional nuances regarding ways to strengthen your credit making policies and to make your decision-making process even better.

Learning Objectives

  • You will be able to describe how to create and leverage forms to simplify and strengthen your decisions.
  • You will be able to identify and address risks that may arise down the road.
  • You will be able to recognize when to walk away from a potential customer.
  • You will be able to explain how to set and change credit limits for problematic customers.

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Why Lorman?

Over 34 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

Assessing Potential Customers
  • Establishing Clear Policies and Procedures for Extending Credit
  • Understanding How Your Company Makes Money (and Loses It)
  • Utilizing the Credit Application
  • Credit Limits and/or Sign off Levels
  • Knowing When to Walk Away From a Potential Customer
  • The Get Paid System
Understanding and Addressing Various Risks
  • Identifying Relevant Nonfinancial Risks (Potential Future Crises)
  • Proper Use of Social Media and Other Technology
  • Battle of the Forms
  • Use of Invoices, Terms, and Conditions
Collections
  • Procedures and Policies for Collections
  • Internal Collections Within the Company
  • Third-Party Collections
  • Pre-Bankruptcy Planning
  • Bankruptcy Techniques
  • The Legal Process
    • Reliable Records and Documentation
    • Proper Witness Support
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More Program Information

Why Lorman?

Over 34 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

OnDemand Course

This course was last revised on November 11, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • CPE 1.8 including Management Services 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: www.nasbaregistry.org. 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: Management Services for 1.8 hours. Prerequisite: . 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.
     

Who should attend?

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

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Why Lorman?

Over 34 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

Raymond P. Wendolowski Jr., Esq.

Raymond P. Wendolowski Jr., Esq.

Bernstein-Burkley, P.C.

  • Partner-in-charge of the creditors’ rights group at Bernstein-Burkley, P.C.
  • Practice focuses primarily on commercial collection litigation
  • Conducts regular seminars, live webinars, and workshops on creditors’ rights
  • While earning his J. D. degree at the University of Pittsburgh School of Law, he completed a legal intern externship at the City of Pittsburgh Zoning Board of Adjustment
  • Member of the CLLA, Pennsylvania Bar Association and the Allegheny County Bar Association
  • Can be contacted at 412-456-8119 or [email protected]
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Why Lorman?

Over 34 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!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

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

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Product ID: 409113
Published 2016, 2021
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