Accounts Payable, Receivable and Credit Control Management Course

Introduction

The Accounts Payable, Receivable and Credit Control Management Course is a practical and highly specialized program designed to equip finance professionals with the skills needed to efficiently manage cash inflows and outflows. It focuses on strengthening working capital management through effective control of payables, receivables, and credit processes within an organization.
This course provides a comprehensive understanding of accounts payable systems, enabling participants to manage supplier obligations efficiently while maintaining strong vendor relationships. It emphasizes timely payment processing, invoice verification, fraud prevention, and optimization of payment cycles to enhance organizational liquidity and financial stability.
In addition, the course explores accounts receivable management techniques that ensure effective billing, collection, and cash inflow optimization. Participants will learn how to reduce debtor days, improve collection efficiency, and implement structured credit policies that minimize bad debts while supporting business growth and customer satisfaction.
Credit control management is a key pillar of this training, focusing on assessing customer creditworthiness, setting credit limits, and managing credit risk. The course equips participants with analytical tools to evaluate customer financial health and implement effective credit policies that balance sales growth with risk mitigation.
The program integrates practical tools, financial systems, and real-world case studies to help participants apply concepts in actual business environments. It enhances decision-making in credit granting, debt recovery strategies, and cash flow optimization, ensuring organizations maintain healthy liquidity and reduce financial exposure.
By the end of this course, participants will be able to manage accounts payable and receivable processes efficiently while implementing strong credit control systems. They will gain the ability to improve cash flow cycles, reduce financial risks, and contribute significantly to organizational financial performance and sustainability.

Who Should Attend

• Accounts Payable Officers and Clerks
• Accounts Receivable Officers and Credit Controllers
• Finance Managers and Financial Controllers
• Credit Risk Analysts and Credit Managers
• Accountants and Assistant Accountants
• Debt Collection Officers
• Treasury and Cash Management Officers
• Business Owners and Entrepreneurs
• Procurement and Supply Chain Managers
• Banking and Credit Officers

Duration

5 Days

Course Objectives

• Equip participants with advanced skills in managing accounts payable processes to ensure timely, accurate, and efficient payment systems that maintain strong supplier relationships and organizational credibility.
• Develop strong competencies in accounts receivable management to improve invoicing accuracy, accelerate collections, and reduce outstanding debtor balances for improved cash flow performance.
• Enhance ability to design and implement effective credit control policies that minimize credit risk while supporting business growth and customer relationship management strategies.
• Strengthen analytical skills for assessing customer creditworthiness using financial data, credit scoring models, and risk evaluation techniques for informed credit decisions.
• Enable participants to optimize working capital by balancing payables and receivables to improve liquidity and ensure efficient cash flow management within organizations.
• Improve debt collection strategies and techniques to reduce overdue accounts, minimize bad debts, and enhance overall financial stability and operational efficiency.
• Equip learners with tools for monitoring and reporting accounts payable and receivable performance using financial systems and key performance indicators.
• Strengthen understanding of credit risk management frameworks to identify, assess, and mitigate financial risks associated with customer credit exposure.
• Enhance negotiation skills for managing supplier and customer payment terms to improve cash flow cycles and strengthen business relationships.
• Prepare participants to integrate accounts payable, receivable, and credit control functions into broader financial management systems for improved organizational performance.

Comprehensive Course Outline

Module 1: Introduction to Payables and Receivables Management

• Overview of accounts payable and receivable systems
• Role in working capital management
• Financial cycle and cash flow impact
• Key stakeholders and responsibilities

Module 2: Accounts Payable Management Systems

• Invoice processing and verification procedures
• Payment scheduling and approval workflows
• Supplier relationship management
• Fraud detection and prevention in payables

Module 3: Accounts Receivable Management

• Billing and invoicing systems
• Customer account management
• Credit terms and payment structures
• Receivables tracking and reporting

Module 4: Credit Control Fundamentals

• Credit policy development and implementation
• Credit limits and approval processes
• Customer credit evaluation methods
• Credit documentation and compliance

Module 5: Credit Risk Assessment Techniques

• Financial statement analysis for credit decisions
• Credit scoring and rating systems
• Risk classification of customers
• Early warning indicators of credit risk

Module 6: Debt Collection Strategies

• Collection procedures and escalation processes
• Negotiation techniques for debt recovery
• Handling delinquent accounts
• Legal considerations in debt collection

Module 7: Working Capital Optimization

• Balancing payables and receivables
• Cash conversion cycle improvement
• Liquidity management techniques
• Financing working capital gaps

Module 8: Financial Reporting and Analysis

• AP and AR reporting systems
• Aging analysis and interpretation
• Key performance indicators (KPIs)
• Financial control reports

Module 9: Systems and Automation in Credit Control

• ERP systems for payables and receivables
• Automation of billing and collections
• Digital payment platforms
• Data analytics in credit management

Module 10: Emerging Trends in Credit and Receivables Management

• AI in credit risk assessment
• Blockchain in payment systems
• Fintech innovations in receivables management
• Predictive analytics in credit control

Training Approach

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

Certification

Upon successful completion of the training, participants will be awarded a certificate of completion by Steady Development Center.

Training Venue

The training will be held online. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, tutorials and all required training manuals. Any other personal expenses are catered by the participant.
For registration and further enquiries, contact us on:

• Tel: +254 701 180 097
• Email: training@steadytrainingcenter.com

Tailor-Made Option

This course can be customized to suit the specific needs of your organization and be delivered on-line to any convenient location.

Terms Of Payment

Upon agreement by both parties’ payment should be made to Steady Development Center’s official account at least 3 working days before training begins to facilitate adequate preparation.

Our Upcoming Training Schedule