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.