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 Advanced Debt Collection Management and Risk Mitigation 7 Apr Madrid Spain QR Code
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Finance and Accounting

Advanced Debt Collection Management and Risk Mitigation


REF : F2786 DATES: 7 - 11 Apr 2025 VENUE: Madrid (Spain) FEE : 5300 

Overview:

Introduction:

Effective debt collection is crucial for maintaining the financial health of businesses. This training program is designed to equip professionals with cutting-edge strategies and in-depth knowledge in managing debt collection processes, negotiation techniques, and navigating legal complexities.

Program Objectives:

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

  •  Master advanced debt recovery strategies and techniques.

  •  Develop skills to manage complex negotiations with debtors.

  •  Understand and apply legal frameworks and compliance requirements in debt collection.

  •  Optimize communication and dispute resolution processes for effective collections.

  •  Analyze financial risks and implement strategies to minimize potential losses.

Target Audience:

  •  Senior credit controllers.

  •  Debt collection managers.

  •  Financial managers and directors.

  •  Credit risk analysts.

  •  Legal professionals working in debt recovery.

Program Outlines:

Unit 1:

 Advanced Debt Recovery Strategies:

  • Strategic Planning for Debt Recovery.

  • Identifying High-Risk Debtors.

  • Implementing Collection Tactics.

  • Working regularly with Third-Party Collection Agencies.

  • Maximizing Recoveries from Difficult Debtors.

Unit 2:

Legal Frameworks and Compliance in Debt Collection:

  • Understanding Debt Collection Laws.

  • International Standards and Regulations.

  • GDPR and Data Protection in Collections.

  • Litigation and Legal Action in Debt Recovery.

  • Ethical Debt Collection Practices.

Unit 3:

Financial Risk Analysis in Debt Collection:

  • Techniques of assessing Financial Health of Debtors.

  • Credit Risk Scoring and Modeling.

  • Managing Bad Debt Provisioning.

  • Cash Flow and Liquidity Management.

  • Cost-Benefit Analysis of Debt Recovery Efforts.

Unit 4:

Negotiation and Communication Skills for Debt Recovery:

  • Advanced Negotiation Techniques.

  • Managing Debtor Objections and Refusals.

  • Conflict Resolution in Debt Collection.

  • Communication Strategies for Collections.

  • Cultural Sensitivity in Global Debt Recovery.

Unit 5:

Technology and Automation in Debt Collection:

  • Automation Tools for Debt Recovery.

  • AI and Machine Learning in Predicting Default.

  • Digital Payment Solutions for Faster Collection.

  • Using Data Analytics for Debt Recovery.

  • Cybersecurity and Debt Collection.