Credit Department Automation: Is This The Right Time?
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.
Who this course is for:
- Anyone interested in Accounting, Finance, Credit Operations or related fields.
Instructors
![Illumeo Learning](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.1 Instructor Rating
- 22,944 Reviews
- 71,584 Students
- 323 Courses
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.
- 4.2 Instructor Rating
- 76 Reviews
- 176 Students
- 2 Courses
Many time Credit Manager for both private and public companies including several Fortune 500 companies. Expertise in credit, collection, negotiations, bankruptcy, use of security and collateral, and letters of credit. Provides consulting services to creditor companies. Publisher of the Encyclopedia of Credit (online). 2014 Credit Manager of the Year. 2011 Instructor of the Year for the Credit Management Association. Credit Certifications: CCP; CBF; CPC.