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Duration 14 hours
Course Outline
Introduction
- Defining out-of-court and court-based recovery and their strategic importance
- Primary sources and root causes of debt default and delinquency
- Essential concepts and tools for collection analysis and decision-making
- Classification of creditors and debtors, including their respective rights and obligations
- Identifying key risks and opportunities within collection activities
Out-of-Court Recovery
- Defining out-of-court recovery and identifying appropriate use cases
- Analyzing the advantages and drawbacks of this approach
- Examining core methodologies and techniques
- Addressing legal and ethical considerations
- Assessing the overall effectiveness and efficiency
Court-Based Recovery
- Defining court-based recovery and determining when it is necessary
- Weighing the pros and cons of litigation-based recovery
- Understanding the key stages and legal procedures
- Clarifying the roles and responsibilities of all parties involved
- Mitigating common challenges and obstacles in the process
Comparison and Integration
- Comparing and contrasting out-of-court and court-based strategies
- Selecting the optimal recovery strategy for specific scenarios
- Developing a comprehensive and coherent integrated approach
- Monitoring performance and optimizing recovery outcomes
- Adapting and refining the collection plan and methodology
Summary and Next Steps
Requirements
- Foundational knowledge of finance and accounting
- Proficiency with legal terminology and core concepts
- Familiarity with debt collection processes and procedures
Target Audience
- Finance professionals engaged in debt recovery operations
- Legal practitioners handling debt-related legal cases
- Business owners and managers looking to refine their recovery strategies
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.