Maximizing Revenue Collection: Strategies & Best Practices Training

Maximize Cash Flow with Expert Revenue Collection Strategies

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Maximizing Revenue Collection: Strategies & Best Practices Training

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Course Overview:

This course is designed to equip participants with the essential skills and knowledge to enhance their organization's revenue collection processes. In today's competitive business environment, effective revenue collection is crucial for maintaining cash flow and ensuring financial stability. This course delves into various aspects of revenue collection, including cash collection strategies, effective billing management, and the impact of VAT legislation. Participants will explore advanced collection tools and techniques, learn to develop robust collection strategies, and understand how to maximize the performance of their revenue collection teams. Additionally, the course covers assessing collection risk, leveraging revenue collections technology, and implementing customer-sensitive collection strategies. By mastering these key performance indicators for collections, participants will be able to perform complete credit risk assessments, analyze financial statements, and establish credit limits and guarantees. The training also focuses on improving billing process efficiency, integrating billing solutions, and eliminating collection barriers.

Target Audience:

Collections Team Leaders & Senior Supervisors
Accounts Receivable and Credit Team Members
Billing Team Professionals
Accountants and Financial Controllers
Finance Professionals
Business Managers

Targeted Organizational Departments:

Finance and Accounting Departments
Credit and Collections Departments
Billing and Accounts Receivable Teams
Customer Service and Relationship Management Teams
Risk Assessment and Management Departments

Targeted Industries:

Financial Services
Retail and Wholesale
Telecommunications
Utilities
Healthcare and Pharmaceuticals
Manufacturing and Distribution
Professional Services

Course Offerings:

By the end of this course, participants will be able to:

Assess and mitigate collection risks
Enhance the effectiveness of collectors
Develop and implement customer-sensitive collection strategies
Establish and monitor key performance indicators for collections
Conduct thorough credit risk assessments and analyse financial statements
Set credit limits and utilize guarantees effectively
Improve billing process efficiency and integrate billing solutions
Overcome collection barriers and apply effective telephone collection techniques
Develop assertiveness and negotiation skills for successful collections
Manage customer relationships and execute pre-delinquency and post-delinquency activities
Implement work flow management for collectors and track performance
Motivate collection teams and apply global best practices in revenue collection

Training Methodology:

The training course employs a blend of theoretical and practical learning methodologies. Participants will engage in case studies, group work, interactive sessions, and feedback discussions to gain a complete understanding of revenue collection processes. The course includes real-world examples and practical exercises to ensure that participants can apply the concepts learned in their own organizations.

Course Toolbox:

complete workbooks and manuals
Case studies and real-world examples
Practical exercises and role-playing scenarios
Templates for KPI development and performance tracking

Course Agenda:

Day 1: Understanding Credit Risk and Financial Health

Topic 1: Credit Risk Assessment – Why Prevention is Better than Cure?
Topic 2: Credit Risk Assessment – Tools, Tips, and Techniques
Topic 3: Analyzing Financial Statements to Determine Company Health
Topic 4: Establishing Credit Limits
Topic 5: Offsetting Credit Risk: Guarantees, Bonds, and Insurance Options
Topic 6: Key Data Required for the Customer Master File
Reflection & Review: Review of Credit Risk and Financial Health Concepts

Day 2: Optimizing Billing Processes

Topic 1: Billing Process - Getting it Right the First Time
Topic 2: Billing Process Defined
Topic 3: Authorisation Levels, Audit, and Control Checks
Topic 4: Billing Frequency and Reconciliations
Topic 5: Accounting for VAT
Topic 6: Using Technology to Leverage the Billing Process
Reflection & Review: Review of Billing Process Optimization

Day 3: Mastering Collection Tools and Techniques

Topic 1: Key Collection Tools and Techniques
Topic 2: Eliminating Barriers to Payment
Topic 3: Recognizing Excuses and Delaying Tactics
Topic 4: Telephone Collection Techniques
Topic 5: Developing Personal Assertiveness
Topic 6: Negotiation Skills for Successful Collections
Reflection & Review: Review of Collection Tools and Techniques

Day 4: Strategies to Maximize Cash Collection

Topic 1: Developing Effective Strategies to Maximize Cash Collection
Topic 2: Identifying Effective “Pre-delinquency” Collection Campaigns
Topic 3: Defining “Post-delinquency” Activities
Topic 4: Customer Sensitive Collection Strategies
Topic 5: Collection Techniques and Correspondence Cycles
Topic 6: Using Work Flow Management to Maximize Collector Performance
Reflection & Review: Review of Cash Collection Strategies

Day 5: Managing and Improving Revenue Collections

Topic 1: Setting Targets and Tracking Performance
Topic 2: Creating Action-oriented Reports
Topic 3: Measuring Team / Individual Performance
Topic 4: The People Plan – Motivating the Team and Managing Performance
Topic 5: Developing Your Personal Action Plan
Topic 6: Implementing Revenue Collection Best Practices
Reflection & Review: Review of Revenue Collection Management Techniques

How This Course is Different from Other Revenue Collection Strategies Courses:

This course stands out from other similar courses by offering a complete, practical, and interactive learning experience. This course not only covers the fundamental concepts of revenue collection but also delves into advanced strategies and techniques that can be immediately applied in the workplace. With a focus on real-world examples, case studies, and hands-on exercises, participants will gain practical skills and insights that go beyond theoretical knowledge. The course also emphasizes the importance of integrating billing solutions, leveraging technology, and developing customer-sensitive strategies to maximize cash collection.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center

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Location	Dates	Duration	Mode	Price
Chicago	Week 44, 2025 Nov 2, 2025 - Nov 6, 2025	5 Days	Onsite	€12,000
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Madrid	Week 47, 2025 Nov 17, 2025 - Nov 21, 2025	5 Days	Onsite	€5,700
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Paris	Week 01, 2025 Dec 30, 2025 - Jan 3, 2026	5 Days	Onsite	€5,700
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