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Course Outline
Introduction
- Defining out-of-court and in-court collection and their significance.
- Primary sources and root causes of debt default and delinquency.
- Essential concepts and tools for collection analysis and decision-making.
- Roles, rights, and obligations of key creditor and debtor types.
- Identifying key risks and opportunities within collection activities.
Out-of-Court Collection
- Definition and applicable scenarios for out-of-court collection.
- Analyzing the strengths and limitations of this approach.
- Exploring primary methods and techniques used in out-of-court recovery.
- Addressing legal and ethical concerns specific to out-of-court efforts.
- Assessing the efficacy and efficiency of out-of-court strategies.
In-Court Collection
- Definition and applicable scenarios for in-court collection.
- Comparing the advantages and disadvantages of litigation-based recovery.
- Outlining the key stages and legal procedures involved.
- Clarifying the roles and responsibilities of all parties in the legal process.
- Strategies for overcoming common challenges in judicial collection.
Comparison and Integration
- Distinguishing between out-of-court and in-court collection methods.
- Selecting the optimal recovery strategy for various business scenarios.
- Blending both approaches into a cohesive, comprehensive plan.
- Tracking and enhancing the performance and results of collection efforts.
- Refining and adjusting collection plans as needed.
Summary and Next Steps
Requirements
- Fundamental understanding of finance and accounting principles
- Knowledge of legal terminology and concepts
- Basic comprehension of standard collection processes and procedures
Target Audience
- Finance professionals responsible for collection operations
- Legal practitioners handling debt recovery cases
- Business owners and managers looking to enhance their debt collection strategies
14 Hours
Testimonials (3)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Flexibility in the course delivery and the interactive approach. The trainer was open to questions, clarified doubts clearly and also considered participants suggestions during the sessions. The training was well structured and informative.
Soundarya Mohan - Mizuho Bank Europe N.V.
Course - Financial Analysis in Excel
Good communication, open for discussion, kept it interesting and engaging
