1. DISCOUNT:Get 5% discount of the Registration Fee when you pay P500.00 (per seminar/ per participant) in advance as Reservation Fee (Non-Refundable) 10 days before the seminar date.Just deposit payment to our Bank of Philippine Islands Account No. This course deals with the principles, techniques, and procedures of credit and collection management especially designed for the Philippine setting. To all 3A, 3B, 3C, 3D, 3E STUDENTS: 1. 0012-1046-26. In addition to protecting your investment, a pre-set Credit & Collections Policy will give stability, efficiency and effectiveness to your company. Licaros Hall, RBAP, Intramuros, Academia.edu is a platform for academics to share research papers. The sound practices set out in this document specifically … Acct. Credit and Collection Methods "Plastic" has become a way of life. Myers and Brealey (2003) describe credit management as methods and strategies adopted by a firm to ensure that they maintain an optimal level of credit and its effective management. c) Six Cs of Credit/ Basis of Granting Credit Actual collection in January to June 2010 indicates that tax revenues will likely fall short of target by P74 billion (about 0.9 percent of the GDP while non-tax revenues will likely fall short of target by 0.4 percent of GDP, according to Dr. Rosario Manasan, fiscal expert of the Philippine … Non-Refundable commitment fee of P1,400.00 per participant. A comprehensive collection system is critical to keeping your company solvent. Looks like you’ve clipped this slide to already. If you continue browsing the site, you agree to the use of cookies on this website. • Draft or improve existing Credit and Collection Policies, Procedure and Head of Credit Department, Loan Officer, Microfinance Officer, Credit, Bangko Sentral ng Pilipinas (BSP) Circular 454 specifically states that banks, subsidiary/affiliate credit card companies, collection agencies, counsels and other agents cannot … HURRY and GRAB SLOTS NOW! • GG debt-to-GDP is down from a high of 68.0% in 2003. • Indicator that NG has ample legroom for future borrowings. • Be able to minimize risk in granting credit Customers’ Desire 3. d) Establishing an Appropriate Credit Risk A solid, repeatable policy allows all departments to understand your company’s values and work flows. Rural Bankers Research & Development Foundation Inc. Time: 8:30am to 5:00pm, RESOURCE PERSON Venue: Gov. SA No. Guidelines This is the length of time it takes for the company to receive customer credit … 1) Ensure sales staff are familiar with company’s credit policy. When to start should not be left up to individual collectors, but should be part of a formal credit and collection … Train debt collection agents on controlling collection calls better & Follow a successful debt collection process. Company Description Dynamic Credit and Collection Services (DCCS) is equipped with 19 years experience and expertise in the business of providing professional collection services by applying the fine Arts and Science of collection, collection management … Credit risk management 2 clearly applicable to the business of lending, they should be applied to all activities where credit risk is present. Collections managers can use this centralized view to manage collections. • Strengthen Credit Evaluation and Risk Management Practices (BSP Cir. Date: Apr. for Various Lending, Distribution, Real Estate and Transportation Firms. Trainer in Credit & Collection and Small Claims Cases/Court, Consultant Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Without it, there is no set … The Collections page provides a centralized view where accounts receivable collections information is managed. CASH MANAGEMENT AND THE TREASURY FUNCTION1 ... the Treasury function is to achieve the set of specific objectives mentioned above. Credit & Collection professional's best web-resource site with latest articles & a forum Public Fiscal Administration Public Borrowing. GARY JOSEPH C. SANTOS, LLB Financial Statement Analysis Excel Spreadsheet: A simple Financial Statement Analysis Excel Spreadsheet to calculate some basic yet crucial ratios. a) Concept of Collection Management Bank: LBP – Intramuros, Branch Clipping is a handy way to collect important slides you want to go back to later. Please be reminded that for every class you need to buy at least 1 book entitled "CREDIT & COLLECTION MANAGEMENT IN THE PHILIPPINE SETTING… Credit management is concerned primarily with managing debtors and financing debts. Increase your agents debt collection rate. Includes a free debt collection … You can change your ad preferences anytime. Kinds of Good Sold 2. It depends on the individual skill set also. Account Name: RBRDFI Similar to most of the other Asia-Pacific countries, the Philippines is now facing an increasingly severe situation of municipal solid waste processing and management. Determining average days late. Billing and Collection Supervisors and Managers, Finance Officers and CIs. If you continue browsing the site, you agree to the use of cookies on this website. CIR CredCollect-Apr17 Downloads file click here. Risk Management Examination Manual for Credit Card Activities Chapter IX IX. Make it a reality with My DSO Manager! Process • Avoid loop holes in implementing Legal Remedies The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate. 3) Make a credit check on each new customer (bank references –v/s- trade references v/s Management … Public Budgeting System and Expenditures Philippines, The decision making and problem solving models, Mpa res 2 how to write your full blown research proposal, No public clipboards found for this slide. Now customize the name of a clipboard to store your clips. Being able to extend the right amount of credit to the right accounts can expand sales and profits at almost no exp… See our Privacy Policy and User Agreement for details. Credit and Collection Polices Factors affecting Decisions 1. At the end of the Seminar, participants are expected to: • Know the Best Practices in Credit and Collection, Course Outline • Know the Key Result Areas of Credit and Collection Updating A/R information for customer analysis. f) Maintaining an Appropriate Credit Admin, Measurement and Monitoring rendered. b) Basis of Collection Before learning how Collections Management works, it is important to understand what is available in the current solution (FI-AR) and the benefits that Collections Management will give you. Collections management. table of contents section one ‐ in‐house collection strategies 3 chapter one: credit where credit is due 4 chapter two: recommended collection timeline 6 chapter three: collection calls 7 chapter four: collection … Objectives If so, the collection manager needs a procedure for dealing with customers in a standardized manner to resolve payment issues. Rural Bankers Association of the Philippines – 2018 All Rights Reserved, 2/F RBAP Bldg A.Soriano Jr. Ave. corner Arzobispo St. Intramuros, Manila, CS-CredCollect-Apr17 Downloads file click here, CIR CredCollect-Apr17 Downloads file click here. The detailed collection … Managing credit information. d) Pre Delinquency Activities The objectives of credit management … c) Bucketing your receivables • Philippine NG debt-to-GDP ratio is well below ASEAN average of 52.9%. Dynamic credit executives plan and direct the credit, collection, and accounts receivable functions to increase sales and profits. This IT tool allows to put in place your collection strategies depending on your customers types. An efficient Credit & Collection Team improves asset quality and realizes The course includes case studies and legal aspects considered in credit and collection management… h) Legal Remedies, CS-CredCollect-Apr17 Downloads file click here just collecting money. • Know the appropriate Legal Remedy for a particular portfolio You can get help from research paper writing. a) Nature of Credit 1) Credit Management The collections staff may deal with an enormous number of overdue invoices . Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. While pursuing these goals, they use their decision-making capabilities to foster growth, optimize cash inflows, and improve the quality of work performed by credit, collections… It is the stepwise process of analyzing fiscal terms, promoting the credit program, granting the credit, settling its conditions, controlling the amount, and recovering the credit … After all, your own business purchases are probably on credit. Credit Management is a dedicated discipline that is followed in banking and financial institutes. 4743025569. Collection policies govern how the collections department handles the accounts receivable function of an organization. PORTFOLIO MANAGEMENT ... credit line management, renewals, collection activities, workout and forbearance programs, settlements, and re-aging. See our User Agreement and Privacy Policy. g) Demand Letters –Essential contents • What to look at in evaluating credit application profit, not to mention its vital role in minimizing risk of monetary Name: Cooperative and Resource Management … Download debt collections process workflow and flow chart templates from OpsDog to increase collections … 2) Use a credit application form. Credit and Collection Management (FMT 304) Friday, June 10, 2011. Credit and collections management consists of: Setting up credit and collection information. Credit & Collections Management (CCM) is a suite of integrated business applications that extend a company’s accounts receivable and accounting system to facilitate credit management, dispute management, collections… Financial Resources Available 4. e) Sound Credit Granting Process As a result, many small business owners put off creating a credit and collection … According to the statement of the … f) Tele Collection Techniques Reviewing account status information. 855) Regulatory Laws Credit Cycle Market Planning and Credit … 1st meeting Reminders. PowerCurve® Collections is a unified debt management system that includes … Collections Management … We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. hopes to realize the participants that there is more in Collection than Telefax (02) 527-2969 /527-2980, EXPECTED PARTICIPANTS Collections management system. Global Credit & Collection Training & Consulting. losses brought by costly collection and litigation expense. A streamlined debt collections business process helps keep outstanding receivables cash coming in smoothly and consistently for companies. Credit and collections are for many small employers what changing diapers is for many parents: although everyone agrees it's essential, no one really wants to do it (but they're sure glad they did after the fact). 5. You can set up and define information to meet the specific needs of your business. For Debt Collectors, Trainers and Credit Managers Empower debt collectors with best practice debt collection techniques. DEADLINE TO SUBMIT REGISTRATION: April 24, 2017. Action of Competitors 5. g) Maintaining an Appropriate Credit Control Process, 2) Collection Management 1) Credit Management a) Nature of Credit b) Importance of Credit and Collection c) Six Cs of Credit/ Basis of Granting Credit d) Establishing an Appropriate Credit Risk e) Sound Credit Granting Process f) Maintaining an Appropriate Credit Admin, Measurement and Monitoring Process g) Maintaining an Appropriate Credit … b) Importance of Credit and Collection 27, 2017 (Thursday) Without added investment, improving collection adds substantially to the bottom line. Collection policies can set a Days Sales Outstanding. Check out, please ⇒ www.WritePaper.info ⇐ 1 month ago Reply Are you sure you want to ... Credit, Cash, and Collections Management … Because collection is one of the least popular things your company does, make sure you keep management informed of what you are doing, and your success rate. e) Collection Activities You have a credit policy on the paper? It covers the following activities: 2 ... the fact that the credit … ... setting appropriate minimum payment requirements is a critical function of management… Effective and efficient managers now view the credit and collection function as an overlooked profit maker. Those wallet-size credit cards are accepted all over the world in millions of stores for many millions of products and services. The seminar Credit Guru a Global Credit & Collection Training & Consulting company. Set up a workflow to manage the approval of credit limit changes and sales order releases. CREDIT MANAGEMENT IN BANKING SECTOR (A CASE STUDY OF SKYE BANK). To be competitive, you too must offer credit to your customers. fCOURSE DESCRIPTION. It is an aspect of financial management involving credit analysis, credit rating, credit classification and credit …