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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

Learning Objectives

  • 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.
Last updated/reviewed: October 19, 2017

2 Reviews (7 ratings)Reviews

5
Member's Profile
A very practical overview of a relevant topic.
1
Member's Profile
Course had nothing to do with the title

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION and OVERVIEW
  3:26Introduction to Credit Department Automation: Is This The Right Time?
  13:36Collections Best Practices
  7:18Deduction Best Practices
  4:30Best Practices for Financial Analysis
  3:16Best Practices for Your Credit Policy
Continuous Play
  32:07Credit Department Automation: Is This the Right Time?
SUPPORTING MATERIALS
  PDFSlides: Credit Department Automation: Is This The Right Time?
  PDFCredit Department Automation: Is This The Right Time? Glossary/Index
REVIEW and TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM