What you'll learn
Identify and recognize what the various types of credit support software are capable of doing.
Identify the risks and costs as well as the benefits of purchasing the software available.
Discover how the various types of software programs reduce costs, accelerate debt collection, and reduce bad debt losses.
Explore the main justifications for automation, and the counter-arguments against acquiring software.
Requirements
No advanced preparation or prerequisites are required for this course.
Description
In this course, we examine the various types of software available to the credit department. We examine the costs and the risks of credit department automation.The program describes the potential benefits of credit automation, along with an examination of the costs of automation. We discuss debits and credits, the primary building blocks of accounting and financial statements. We also examine some of the myths and misconceptions in connection with credit department automation. We discover how the various types of software programs reduce costs, accelerate debt collection, and reduce bad debt losses.This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales, and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
Overview
Section 1: Introduction
Lecture 1 Introduction to Credit Department Automation: Is This The Right Time?
Lecture 2 Collections Best Practices
Lecture 3 Deduction Best Practices
Lecture 4 Best Practices for Financial Analysis
Lecture 5 Best Practices for Your Credit Policy
Section 2: Supporting Materials
Lecture 6 Slides: Credit Department Automation: Is This The Right Time?
Lecture 7 Credit Department Automation: Is This The Right Time? Glossary/Index
Section 3: Review and Test
Anyone interested in Accounting, Finance, Credit Operations or related fields.


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