The Credit Risk Management System and Credit Industry Groups

Duration: 60 Minutes
Every company that aims to operate successfully, can only do so when they have a handle on understanding the creditworthiness of their customers. The word "credit" comes from the Latin, "credere", which means to trust. When our customers are "creditworthy" we can also say they are "trustworthy", and that we trust them to pay our invoices for the products and services that were sold to them in advance of payment. The Credit Risk Management System is every company's road map to establishing and maintaining the credit controls that will in turn support an understanding of our customer's ongoing credit worthiness.
Credit Risk Management System
Instructor: Steven Gan
Product ID: 500226

Why Should you Attend:
Unfortunately, a customer's credit worthiness can go from honest and straightforward to downright deceptive. Since trying to maintain an understanding of our customer's credit worthiness can be a daunting endeavor, this webinar will present the components of a credit policy that reflect the road map to maintaining a sound credit risk management system. Within the credit risk management system we will explore one of the most highly effective credit risk management tools, the Credit Industry Group.

Objectives of the Presentation:
  • Defining and understanding Credit Risk
  • Establishing credit risk management goals and strategies
  • Outlining the components that every credit risk policy should contain
  • Understanding the weaknesses and pitfalls of trade references, bank references, and credit reports
  • Credit Industry Groups - Learn about their history, purpose, structure, and how they function
    • Where are they, who monitors them, and why there are 1,500 of them in the United States.
Who can Benefit:
  • Credit Managers
  • Collection Managers
  • Accounting Managers
  • Controllers
  • Chief Financial Officers
  • And any one who has a direct or indirect responsibility for maintaining their company's cash flow and minimizing the risk of selling on credit.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
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  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Steven Gan was the founder and president of Advance & Associates Co., Ltd. in Tokyo from 1992 - 2004. Advance & Associates was the first debt collection company to create and implement the before and after sales total credit risk management product line system in Japan. Over the years, the company evolved into a full line credit risk management provider. Through numerous articles, publications, presentations, and television appearances, Mr. Gan greatly deepened the understanding of the importance of sound credit risk management throughout Japan and was known as the Credit Risk Management Evangelist. Mr. Gan also wrote the book titled, "The Blue Eyed Debt Collector, His Struggle" (Japanese only) published by the number two publisher in Japan, Shogakkan, which sold over 20,000 copies.

In 2005 Mr. Gan established Stellar Risk Management Services, Inc., a credit risk management consultancy. Stellar Risk Management supports businesses in a wide range of industries to increase cash flow and minimize the risk of selling on credit. Mr. Gan is a regular presenter at many industry and professional associations, and continues to be a featured contributor to several publications. Mr. Gan graduated from the University of Illinois with a BS in Electrical Engineering and graduated from the Thunderbird - Garvin Graduate School with a Masters of International Management. He attended night school at DePaul University to study accounting and passed the CPA exam in 1986. Mr. Gan is also a Certified Credit Executive through the National Association of Credit Management.
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