Professional training course · AF-058
Credit Control and Collections Management
Sales only create value when customers pay. Weak credit control ties up cash in overdue receivables, increases bad debts and forces organisations to borrow to fund their…
- 5 daysClassroom
- 49Upcoming dates
- 12Cities
- £2,250Fees from
Course overview
Introduction
Sales only create value when customers pay. Weak credit control ties up cash in overdue receivables, increases bad debts and forces organisations to borrow to fund their own customers. Strong credit management, on the other hand, protects liquidity while still supporting sales growth.
This Credit Control and Collections Management training course covers the full order-to-cash credit cycle. Participants learn how to assess customer creditworthiness, set credit limits and terms, design credit policies, monitor receivables and run effective collection processes that recover cash without damaging valuable customer relationships.
The course also covers dispute resolution, escalation and legal recovery options, credit insurance and other risk transfer tools, receivables metrics and the use of automation and analytics to make credit teams more productive.
Course Objectives
By the end of this training course, participants will be able to:
- Explain the impact of credit management on cash flow, profitability and customer relationships
- Assess customer creditworthiness using financial, behavioural and external information
- Set credit limits, payment terms and security requirements appropriate to risk
- Design a credit policy with clear responsibilities, approval levels and procedures
- Run structured collection processes using effective communication techniques
- Resolve disputes and deductions quickly by working with sales and operations
- Use escalation, legal recovery, credit insurance and factoring options appropriately
- Measure credit performance using DSO, ageing, bad debt and collection effectiveness indicators
Target Audience
This training course is suitable for a wide range of professionals, including:
- Credit controllers and credit managers
- Accounts receivable and collections staff
- Finance managers and financial controllers
- Treasury and cash management professionals
- Sales managers responsible for customer accounts
- Shared service centre team leaders
- Business owners managing customer credit
Training Methodology
The course is practical and interactive. Participants analyse customer financial statements, set credit limits for sample accounts, review ageing reports and practise collection calls and negotiations through role-plays. Case studies illustrate both successful credit recovery and costly failures, and participants draft improvements to their own credit procedures.
Target Competencies
- Credit risk assessment
- Credit policy design
- Collections communication and negotiation
- Dispute resolution
- Receivables performance analysis
- Cash flow protection
Course outline
-
1Day One: The Role of Credit Management
- Credit and Cash Flow: How receivables affect liquidity and financing costs
- The Order-to-Cash Cycle: Responsibilities from order entry to cash application
- Balancing Sales and Risk: Working with commercial teams to support growth
- Credit Policy Fundamentals: Objectives, scope, authority and procedures
- Legal Basics of Credit: Contracts, terms and conditions and retention of title
- Organising the Credit Function: Centralised, regional and shared service models
- Case Study: Reviewing a company whose sales grew while cash fell
-
2Day Two: Assessing Customer Credit Risk
- Sources of Credit Information: Financial statements, references, agencies and payment history
- Financial Analysis for Credit: Liquidity, leverage and profitability ratios
- Credit Scoring Models: Combining financial and non-financial factors
- Setting Credit Limits: Methods and review triggers
- Securing Credit: Guarantees, letters of credit, deposits and collateral
- Managing High-Risk and Strategic Accounts: Special terms and monitoring
- Practical Exercise: Assessing three customers and recommending credit limits
-
3Day Three: Effective Collections
- Designing the Collection Process: Reminders, calls, escalation and timelines
- Segmenting Customers: Prioritising effort by value, risk and behaviour
- Collection Communication Skills: Tone, persistence and professionalism
- Handling Excuses and Promises to Pay: Securing firm commitments
- Payment Plans and Negotiated Settlements: When and how to agree them
- Written Communication: Effective reminder letters and emails
- Role-Play: Collection calls with cooperative and difficult customers
-
4Day Four: Disputes, Recovery and Risk Transfer
- Root Causes of Disputes: Pricing, delivery, quality and invoicing errors
- Dispute Resolution Process: Logging, ownership and resolution targets
- Escalation Options: Account holds, final demands and third-party collection
- Legal Recovery: Overview of claims, insolvency and enforcement procedures
- Credit Insurance and Factoring: Protecting and accelerating receivables
- Provisioning and Write-Offs: Accounting for doubtful debts
- Workshop: Designing a dispute management procedure
-
5Day Five: Measuring and Improving Credit Performance
- Key Credit Metrics: DSO, best possible DSO, ageing and collection effectiveness index
- Credit Reporting: Dashboards for finance and sales leadership
- Automation and Analytics: Collection workflows, payment portals and risk prediction
- Cash Application and Reconciliation: Reducing unapplied cash
- Team Management: Targets, incentives and skills development
- Continuous Improvement: Reviewing policy and process effectiveness
- Action Planning: A credit improvement plan for participants' organisations
Schedule
Dates and fees
49 upcoming dates in 12 cities. Fees are per delegate; bring colleagues and every seat is discounted.
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Questions
Frequently asked questions
How long is the Credit Control and Collections Management course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Credit Control and Collections Management course?
The next public date is 7 - 11 Dec 2026 in Barcelona. There are 49 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Barcelona, Frankfurt, London, Cape Town, Dubai, Geneva, Istanbul, Kuala Lumpur, Munich, Paris, Vienna, Amsterdam.
How much does the course cost?
Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
Related
More Accounting and Finance courses
Accounting Policies and Procedures
Next: 16 - 20 Nov 2026 · Istanbul
Istanbul, Vienna, Geneva +4 more
Accounts Payable: Accounting and Management Best Practices
Next: 16 - 20 Nov 2026 · Rome
Rome, Munich, Barcelona +2 more
Activity-Based Costing and Profitability Analysis
Next: 7 - 11 Dec 2026 · Frankfurt
Frankfurt, London, Barcelona +9 more