This course deals with Accounts Receivable and offers definitions, descriptions and tactics to allow you to build the tools to manage this area effectively.
Cash is King. And nowhere is this more noticeable than in the collection of revenues.
But nowadays Accounts Receivable are tasked not only with collections, but also managing a multi-functional process, from order in-take to ultimate cash receipt. To make things even more complex, there are new participants in the Receivables space, from data handlers, to financing houses.
How to decide the best way forward?
This course will provide you with the tools to assess your current processes, and also introduce you to current best practice so you can become the change agent for progress in your organisation.
On completion of this course, you will have a greater understanding of:
- Where Accounts Receivable fits as a component of Working Capital
- The importance of a robust process
- Critical process elements and decision factors, including the importance of effective hand-offs between elements
- Measuring the performance of Accounts Receivable management
- The key risks and how to manage them
- Common collection tips
- Future developments
- Accounts Receivable: Where to find them!
- Selling is simple, right?
- How good is our process?
- How can we tell if we’re good?
- Be vigilant!
- Key actions for collectors
- Where to from here?
Authored by: Andy Gifford
Andy Gifford was born in England but spent his formative years in South Africa after his family emigrated in 1970. He initially entered the accounting profession, but quickly moved to commerce to put theory into practice. After spending time in technical accounting roles, he joined the Howden Group where he rose to become managing director of one of the main divisions.
Soon after relocating back to England in 1997, he joined Global Crossing which was ultimately acquired by Level 3. During his time with the company Andy held treasury operations as his primary mandate, but has also undertaken special projects including procurement, shared services and real estate.
Andy is now working in the SME sector assisting start-ups and providing management advice.
He is also a regular speaker on working capital, presenting at corporate events and professional education seminars.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date