Design, Implement and Update the Collection Policy

Design, Implement and Update the Collection Policy

This course consists in five chapters, in the first chapter, we will see the importance of a collection policy in companies and an overview of payment practices in some countries.

Next, we will look the accounts receivable life cycle in order to design the collection policy.

In the third chapter, we go to see how to implement effective policies and procedures and the suggested contents for the elaboration of the collection manual.

Then, we'll show the analysis of the collection measures of performance and the implementation of corrective measures for the update of the collection policy.

Finally, we will see the potential contents for a collection manual and an example of a collection policy manual.

Learn how to design, update and evaluate the accounts receivable cycle from A to Z

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What you will learn

• Know the importance of an internal collection procedures manual
• Understand the accounts receivable life cycle
• How to design and implement a collection policy effectively

Rating: 3.66667

Level: All Levels

Duration: 2 hours

Instructor: João Pedro Leal Gomes