Credit Control Course in Luton

Home

Courses

Accounting Courses

Introduction to Credit Control

Luton

Learn effective techniques for managing and minimising credit risk
Gain insights into the legal frameworks surrounding credit control
Enhance your financial stability with this Credit Control Course

Dates & Prices Dates & Prices

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

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.

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 Luton 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.

Luton is a city based in Bedfordshire. It is based near Dunstable and Houghton Regis and has a population of over 250,000 inhabitants. Like other cities in England, education in Luton is compulsory for children up to the age of 16. The schools in Luton follow the British educational system and is divided into three levels: Primary School, Secondary Schools and Higher Education. Luton is home to 98 educational institutes including: 7 nurseries, 70 Primary Schools (including 9 Voluntary-Aided Schools and two Special Requirements Schools), 13 secondary schools (including one Voluntary-Aided Schools and one Special Requirements School). The city also provides four further education institutes along with four educational institutes. Schools and college in Luton are being investments in the government scheme Building Schools for the Future programme to renew and refit buildings; Luton is in the third wave of their long term programme. Luton is home to Barnfield College and Luton Sixth Form College and The Department for Children, Schools and Families awarded The Learning and Skills Beacon Status to both of these colleges.

The University of Bedfordshire is based in Luton, with its large campus situated in Luton town centre. The university was founded in 1882 as a Teacher Training College. It gained University Status in 1993 and was formally called University of Luton. In 2006 the name changed to what it is known today, University of Bedfordshire. The university now has nearly 24,000 students attending the university with over 17,000 undergraduate students and over 6,000 postgraduate student. The University of Bedfordshire also has a smaller campus in Putteridge Bury which is at the edge of the town. The university also has another campus that can be found in Bedford.

Nearby Locations:

London Luton Airport
Woodside
Caddington
Leagrave
Streatley
Chalton
Lilley
The Hyde
Slip End
Tea Green
Cockernhoe
Sundon
East Hyde
Pepperstock
Peters Green
Chiltern Green
Aley Green
Lower Sundon
Winch Hill
Skimpot

Address

Luton

T: 01344203999

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Credit Control Course in Luton. 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.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Credit Control Course in Luton, 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.

Learn more in our FAQs

Experience the most sought-after learning style with The Knowledge Academy's Credit Control Course in Luton. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Credit Control Course in Luton sessions.

Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Learn more in our FAQs

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.

Tailored learning experience

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

Maximise your training budget

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

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

Monitor employees progress

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

Learn more in our FAQs

What our customers are saying

Trainer was very communicative and responsive to all pur questions. Well explained and well experienced!

Samih Alzagha

Credit Control Course in Luton FAQs

What does Credit Control refer to?

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.

What is the importance of this training?

This training is crucial for enhancing the efficiency and effectiveness of managing company receivables, ensuring timely payments, improving cash flow, and reducing financial risks.

What are the benefits of this Credit Control Course?

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.

Are there any prerequisites for taking the Credit Control Training Course?

There are no prerequisites for taking the Credit Control Training Course.

What is included in this Credit Control Certification?

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.

What is the duration of this course?

This course is a 1-day training course during which delegates participate in intensive learning sessions that cover various course topics.

What kind of skills can one acquire through Credit Control Certification?

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.

What are the career opportunities available after completing this Credit Control Course?

After completing this course, career opportunities include roles as Credit Controllers, Debt Recovery Agents, Credit Analysts, Finance Officers, and Risk Assessors within various sectors.

Who should I contact if I am unable to access my Credit Control Certification?

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.

Why choose The Knowledge Academy in Luton over others?

The Knowledge Academy in Luton 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.

What is the cost/training fees for Introduction to Credit Control in Luton?

The training fees for Introduction to Credit Controlin Luton starts from £995

Which is the best training institute/provider of Introduction to Credit Control in Luton?

The Knowledge Academy is the Leading global training provider for Introduction to Credit Control.

What are the best Accounting Courses courses in Luton?

Please see our Accounting Courses courses available in Luton

Why choose us

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.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"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

Looking for more information on Accounting Courses?

Back to course information

Upcoming classes
Package deals

Get a custom course package

We may not have any package deals available including this course. If you enquire or give us a call on 01344203999 and speak to our training experts, we should be able to help you with your requirements.

Book now