Complete Guide to Making Effective Credit Decisions
Learn best practices in making effective credit decisions without breaking the bank with the credit report costs. Many companies have adapted the practice of running a credit report for every new customer that is looking to buy from them. Those reports serve a purpose, but at a fairly high cost. Does your company need to run a credit report for all new accounts? What if you found other ways to get information and eliminate the cost of credit reports would you and your boss be interested in hearing about this? This topic will help you learn how to evaluate the best ways to gather your credit information and learn about your potential new customer by obtaining information from your sales team, the intranet, the customers’ website, trade groups all at very little or no cost to you. You can effectively make credit decisions with these other tools and impress your boss with cost savings. You will learn to partner with your sales team as well as your customers and those relationships will help you be more successful in your credit role.
Who should attend?
- How Do You Start the Process of Making a Sound Credit Decision, What Information Do You Need, and Where Do You Look?
- Credit Application - What Can We Learn From It and Without Audited Financial Statements?
- How Much Effort and Cost Will We Spend to Get Credit Information and How Do I Determine the Cost/Benefit Ratio of Credit Information?
- How Can My Sales Team Help Me Get to Know the Customer and Answer My Concerns?The 5 C's of Credit - What Are They and How Can They Help Me?
- Why Is Character the Most Important C and How Can I Benefit From Understanding It?
- To Eliminate Credit Risk - Why Is Putting Customers on Cash in Advance a Bad Thing?
- How to Use the Internet to Help Obtain Customer Information and Also Get PaidWhat Information Can I Get From Partial Financial Statements?
- Is Just a Recent Balance Sheet, Income Statement or Statement of Cash Flows Helpful?
- What If They Are Privately Held and Will Not Share Any Financial Information and I Have a New Order With a Large Value?
- What Is the Best Approach If I Have Nothing to Go on?
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...