Best Practice on Purchasing, Accounts Receivable and Debt Collection Management

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Looking to enhance your skills in purchasing, accounts receivable, and debt collection management? Look no further than our HRDC certified training program, Best Practice on Purchasing, Accounts Receivable, and Debt Collection Management. Developed by SUN ADVANTAGE RESOURCES in Malaysia, this comprehensive program covers all the essential strategies and techniques to help you excel in these key areas of business operations.

With a focus on practical, real-world applications, our training program equips participants with the knowledge and tools needed to streamline purchasing processes, improve accounts receivable management, and optimize debt collection practices. Whether you are a seasoned professional looking to stay ahead of the curve or a newcomer seeking to build a strong foundation, this program is designed to meet your needs. Request a quote today to learn more about how our training can benefit you and your organization.
Learning Objectives

1. Understand the importance of best practices in purchasing, accounts receivable, and debt collection management to ensure efficient and effective financial operations within the organization. This includes learning how to establish clear policies and procedures for purchasing goods and services, managing accounts receivable to improve cash flow, and implementing strategies for successful debt collection.

2. Develop skills in vendor management, negotiation, and contract management to optimize purchasing processes and minimize costs. This involves learning how to evaluate vendors, negotiate favorable terms, and maintain strong relationships to ensure timely delivery of goods and services.

3. Enhance knowledge of accounts receivable management techniques, including invoicing, payment processing, and credit control. Participants will learn how to track and monitor accounts receivable, follow up on overdue payments, and implement strategies to reduce bad debt and improve cash flow. Additionally, they will learn effective debt collection techniques to recover outstanding debts while maintaining positive customer relationships.

Content Delivery Method

Physical, Hybrid

HRD Corp Certified Course

Yes

Duration and Language

1 to 2 days, English

Target Audience

Suitable for all levels of employees

Key Skillset Addressed

1. Negotiation skills
2. Communication skills
3. Problem-solving skills