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Duration 14 hours
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
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
