AFIA Training Courses
FNSCRD502 Manage Factoring & Invoice Discounting Arrangements
May 2019 – AFIA Face-to-face 2 day program – Brisbane, Sydney and Melbourne
Brisbane – 8th & 9th May 2019
Melbourne – 22nd and 23rd May 2019
Sydney – 15th & 16th May 2019
This course is a is an Elective unit from FNS51515 Diploma of Credit Management and a key educational offering under AFIA's Working Capital Division.
Training Overview and Learning Outcomes
There has been substantial growth in the use of factoring and/or invoice discounting arrangements. This course is relevant to those people who provide a factoring and/or invoice discounting arrangement as well as those people who utilise such an arrangement.
Differentiating between the types of factoring and invoice discounting arrangements that may be offered to prospective clients
How to effectively communicate to clients the different policies and procedures that the client would need to follow depending upon the type of product provided
Strategies to ensure that clients understand how legal assignment will vary depending on the type of product
What information should be provided to debtors when an arrangement has been entered into with a client
The advice that should be given to debtors of the debt recovery process that will be followed as a result of the introduction of the factoring and/or invoice discounting arrangement
How to manage the relationship between the client and the factor and/or invoice discounter and establish ongoing monitoring procedures.