Debtors and Creditors Management
Presenters : Russel Ngobeni
Overview
Effective debtors and creditors management is key to business success. Whether you're an entrepreneur, financial manager, or accounting professional, mastering the systems that govern your cash flow can give you a critical edge. In this insightful webinar, you'll learn practical strategies for improving your financial operations, explore risk mitigation techniques, and discover the latest technological tools designed to streamline debtor and creditor processes. You'll walk away with the knowledge to build financial systems that support growth, maintain liquidity, and reduce bad debts.
Join Russel Ngobeni for a powerful and practical session on unlocking the secrets of effective debtors and creditors management, designed to transform your business's financial health through tested strategies and cutting-edge tools.
Learning objectives
By attending this webinar you will gain the following competencies:
• Understand the key concepts of managing debtors and creditors, including their impact on financial stability.
• Implement effective strategies for credit policies, payment terms, and collection methods.
• Utilize modern software tools to automate and optimize financial operations.
• Evaluate financial health using metrics such as debtors age analysis reports.
• Identify and mitigate risks associated with poor debtors and creditors management.
Content
The webinar will cover the following topics:
• Understanding Debtors and Creditors
o Definitions and financial impact
o Credit vs. cash sales/purchase ratios
o Role in financial flow and stability
o Accounting cycle overview
• Best Practices in Debtors Management
o Credit policies and creditworthiness assessment
o Collection strategies and automation tools
o Incentives for early payment and escalation processes
o Risk mitigation through diversification and legal options
• Best Practices in Creditors Management
o Negotiating terms and building vendor relationships
o Payment scheduling and tracking
o Avoiding overcommitment and managing late payments
• Tools, Technology, and Reporting
o Overview of Xero, Sage, and QuickBooks
o Sage Intacct for automation, dashboards, and document management
o Real-time integration for financial visibility
o Debtors age analysis: metrics, alerts, and performance tracking
