Course information

Credit Control Course Outline

Module 1: What is Credit Control?

  • What is Credit?
  • What is Credit Control?
  • Cash Flow
  • Credit Control
  • Collection Process
  • Customer

Module 2: Why is Credit Control Important and What is its Purpose?

  • Credit Control
    • Benefits of Credit Control
    • Control Procedures Before Providing Credit
    • Credit Policy
  • Purpose of Credit Control
    • Setting a Credit Limit
    • Invoice
    • Attention to Detail

Module 3: Impact of Debt

  • Unmanageable Debt
  • Unmanageable Debt Indicators
  • Late Payment of Commercial Debts Act 1998
  • Late Payments
  • Debt Collection

Module 4: Credit Assessments

  • What are Credit Assessments?
  • Credit Worthiness
  • Credit Assessments
    • Credit Score
    • County Court Judgement (CCJ)
    • Companies Act
  • Credit Agreement
  • Credit Insurance

Module 5: Collection Process

  • Credit
  • Credit Limit
  • Credit Risk
  • Credit Control Department
  • Payment Cycle
  • Chasing an Overdue Payment
  • Approval Stages
  • Release of Payment
  • Allocation of Payment
  • Remittance Advice
  • Overdue Payment
  • Purchase Order
  • Common Issues Behind Overdue Payments
  • Dealing with a Query
  • Outcome of the Query
  • Stand-Off
  • Documentation

Module 6: Becoming a Credit Controller 

  • Credit Controller
  • Asking the Right Questions
  • Chasing of Payment

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Who should attend this Credit Control Course?

This Credit Control Training Course is designed for individuals who are looking to enhance their understanding of the concepts of Credit Control and its role in Financial Management. This course can be beneficial for a wide range of professionals, including:

  • Credit Managers
  • Accountants
  • Sales Representatives
  • Customer Service Representatives
  • Financial Managers
  • Administrative Personnel
  • Professional Bankers

Prerequisites of the Credit Control Course

There are no formal prerequisites to attend this Credit Control Course.

Credit Control Course Overview

Credit Control is a crucial aspect of financial management that ensures debts are paid on time and within terms. This course introduces the fundamentals of credit control, highlighting its importance in maintaining a healthy cash flow and preventing financial risks associated with late payments.

Proficiency in this Credit Control Course is essential for finance professionals, including Accountants, Credit Managers, and Business Owners, aiming to optimise their organisation's financial health. Mastering this subject helps minimise bad debt risks, enhance profitability, and support sustainable business growth.

This 1-day training by The Knowledge Academy will equip delegates with practical skills and knowledge to manage credit and collections effectively. Participants will learn strategies for assessing creditworthiness, negotiating payment terms, and implementing effective collection policies, thus improving their ability to manage receivables efficiently.

Course Objectives

  • To understand the principles and importance of effective credit control
  • To identify and assess the creditworthiness of potential customers
  • To develop and implement efficient credit policies and procedures
  • To learn negotiation techniques for successful collections
  • To manage overdue accounts and minimise bad debts

After completing this course, delegates will receive a certification in Credit Control, affirming their proficiency in managing and controlling credit. This certification will enhance their professional development and empower them to contribute significantly to their organisation's financial stability and growth.

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What’s included in this Credit Control Course?

  • World-Class Training Sessions from Experienced Instructors   
  • Credit Control Certificate
  • Digital Delegate Pack

Why choose us

Our Mississauga venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Mississauga is the sixth largest city in Canada. It is in the south of the province of Ontario in the region of peel. The city is estimated to have a population of around 715,000 people. The rapid growth of this city is attributed to its proximity to Toronto. It was originally built as suburb of Toronto. Education in Canada is mostly free and publicly funded. It is overseen by the federal, provincial and local governments, with the education within provincial jurisdiction and the curriculum overseen by the province. Education is compulsory in most provinces up to the age of 16. Mississauga is served by the Peel District School Board, which operates the secular English speaking public schools. There is also a school board that runs the local catholic schools and a board that runs the French speaking schools in the area, one for the secular French schools and one for the catholic French schools. There are a number of schools in the area that offer specialised programs. These include the French immersion schools such as Clarkson Secondary School and Streetsville Secondary School. There are three schools in the areas that off a Regional Arts Program and two that offer a specialist sci-tech program for students who are gifted in these areas. There is also two schools that offer support for those studying for the international baccalaureate plus numerous other programs. Canada’s higher has a very good reputation. However there is no formal ranking system and students will often choose colleges and universities bases on geographic convenience and the reputation of a particular course. Mississauga is home to one of the three campuses run by the University of Toronto. This university is ranked as the 34th best university in the world and is the second highest ranked Canadian university in the rankings. The campus was established in 1967 and is the universities second largest division. It is home to 12,000 students. They have 15 academic departments and pupils can choose from 148 programs to participate in from 89 areas of study. Students can study both undergraduate and graduate programs on this campus. This campus also has an excellent research environment that has helped the staff and researchers become internationally recognised for their work. The university includes Institutes for Management and Innovation, and Communication, Culture, Information and Technology.

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Address

Robert Speck 2
2 Robert Speck Parkway
Suite 750
Mississauga
Ontario
L4Z 1H8

T: +1 6474932992

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Credit Control Course in Mississauga. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Credit Control Course in Mississauga, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Credit Control Course in Mississauga FAQs

Credit control refers to the process used by businesses to ensure they are paid on time by their customers, minimising bad debts and managing credit extended to customers efficiently.
This training is crucial for enhancing the efficiency and effectiveness of managing company receivables, ensuring timely payments, improving cash flow, and reducing financial risks.
This course enhances financial literacy, improves risk management skills, and boosts employability in finance sectors. It also equips participants with strategies for effective debt recovery and cash flow management.
There are no prerequisites for taking the Credit Control Training Course.
In this Credit Control Certification Training Course, delegates will have 1-day intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion.
This course is a 1-day training course during which delegates participate in intensive learning sessions that cover various course topics.
Through this training, one can acquire skills in debt recovery techniques, credit risk assessment, legal frameworks, negotiation, effective communication, customer service, financial reporting, and use of Credit Control software.
After completing this course, career opportunities include roles as Credit Controllers, Debt Recovery Agents, Credit Analysts, Finance Officers, and Risk Assessors within various sectors.
If you face any issues in accessing the course materials, then you can reach out to our customer support team who will provide you with quick assistance to resolve the issue.
The Knowledge Academy in Mississauga stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this Credit Control Course.
The training fees for Introduction to Credit Controlin Mississauga starts from CAD1695
The Knowledge Academy is the Leading global training provider for Introduction to Credit Control.
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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