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Course Outline
Introduction
- Defining extrajudicial and judicial collection and their significance in business
- Primary sources and causes of debt defaults and delinquencies
- Core concepts and analytical tools for collection decision-making
- Identifying creditor and debtor types, along with their respective rights and obligations
- Key risks and potential opportunities within collection activities
Extrajudicial Collection
- Overview of extrajudicial collection and appropriate scenarios for its use
- Benefits and drawbacks of the extrajudicial approach
- Principal methods and techniques for out-of-court debt recovery
- Legal and ethical frameworks governing extrajudicial collection
- Measuring the effectiveness and efficiency of extrajudicial efforts
Judicial Collection
- Overview of judicial collection and scenarios necessitating legal action
- Benefits and limitations of the judicial approach
- Key stages and procedural requirements for court-based collection
- Roles and responsibilities of stakeholders in judicial proceedings
- Managing challenges and complexities within judicial collection
Comparison and Integration
- Analyzing the differences and similarities between extrajudicial and judicial methods
- Selecting the optimal collection strategy for specific business scenarios
- Developing a comprehensive framework that combines both approaches
- Monitoring performance and optimizing collection outcomes
- Refining and adapting collection plans based on results
Summary and Next Steps
Requirements
- Fundamental understanding of finance and accounting principles
- Basic familiarity with legal terminology and concepts
- General knowledge of collection processes and standard procedures
Target Audience
- Finance professionals responsible for debt recovery activities
- Legal professionals handling collection-related litigation
- Business owners and managers looking to refine their debt collection strategies
14 Hours
Testimonials (3)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Flexibility in the course delivery and the interactive approach. The trainer was open to questions, clarified doubts clearly and also considered participants suggestions during the sessions. The training was well structured and informative.
Soundarya Mohan - Mizuho Bank Europe N.V.
Course - Financial Analysis in Excel
Good communication, open for discussion, kept it interesting and engaging