Debts Collection & Legal Process

21-22 Sep, 2020, Virtual Classroom Training

IPA Training is Registered with

Learn from the Best

Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

 

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years’ period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination.

 

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd.

 

He is currently providing management consultancy and training specialising in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.

Venue Details

Virtual Classroom Training

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Module 1: Strategies to Reduce Debts
  • Module 2: Burning Issues in Debt Recovery
  • Module 3: How to Deal with Different Types of Difficult Customers
  • Module 4: Collection Negotiation Tactics
  • Module 5: Legal Procedure

    SPECIAL FEATURE: Participants Will Receive a Set of Practical Excel Templates suitable for all sectors.

    Laptop Required

    Limited to 20 pax only
OBJECTIVE

In order to Reduce Debts, you need to have the heart of an entrepreneur.

 

This course will help to provide you with an environment that stimulates proactive behavior in order to achieve greater goals for yourselves and your organization.

 

By creating value for your organization, you will be amazed at the speed of career advancement.

 

Real-current problematic debt cases will be analyzed, and scenario solutions will be provided under the guidance of Dr. Steven Liew.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding Negotiation Techniques
  2. Profiling Your Customers
  3. Using Practical Debt Recovery Approaches
  4. Understanding Legal Debt Recovery Strategies
  5. Understanding in dealing With Difficult Customers via telephone
  6. Applying Collection Skills Via Telephone
  7. Credit Evaluation & Monitoring
WHO SHOULD ATTEND

Bankers, Accountants, Business Managers, Marketing Managers, Collection Executives, Sales Executives, Finance Executives, Supervisors, Managers, Credit Analysts, Credit Controller & Recovery Officers.

METHODOLOGY

Case Study & Group Discussion. Real-current problematic debt cases will be analyzed, and scenario solutions will be discussed within the course.

WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “After the 2 day workshop on “Debt Recovery on NPL”, the following improvement are obvious, I set customer dateline for customers to pay, as the trainer impressed with the phrase “customer always want to pay “Now I have the passion for collection from my customers” Head -Credit Division, Credit Guarantee Corporation
  • “The clear improvement is the boosting of my confidence in negotiation with the customers on default payment, knowing what to ask, how to approach the customers as many roles plays of customer interaction facilitated by Dr Steven Liew really helps me in the collection process. Really nice to hear from you again & following up on my collection position” Asset Manager, Malaysian Debt Venture
  • “Before the credit seminar training, I am a very straight forward person in collection & sometimes customers cannot take it. After the training, I realize I should be cool & focus in the collection process. I am practicing them now & seeing a real change in my attitude towards the customers. Really thank you to Dr Steven Liew” Head of Business Support Section, Johor Port Bhd
  • “The credit management & collection seminar reinforce my belief in building strong rapport with customer, help the customers & even take some risk if necessary, to recover the money. The skills learnt from the practical training process in solving & recovery the debts are indeed rewarding & challenging. Dry Steven; feel free to drop by for a cup of drink & chat” Marketing Manager & Credit Head; Theen Seng Paper Manufacturer Sdn Bhd
  • “The credit seminar indeed is very beneficial as I am now cutting down bad cases, do more prevention during evaluation stage, and ask for advance payment. Before that, we will provide the professional services, bill them, & then chase for collection. Really, appreciate the skills & input from Dr Steven Liew. And also thank you for follow up with us after the credit & collection training session” Lim Kai Siang & Co Chartered Accountant
  • “After the credit & collection seminar, now I have the pretty good picture of guiding my credit staffs in the monitoring & collection process. Today, my Account Receiver (AR) is in a pretty good shape” Finance Manager, Omni Precision Sdn Bhd
  • “I realized my credit team is too nice with the customers. It gives me now the urgency to train the down line on the importance of customers & its credit exposure. Thank you, Dr Liew, for still remembering me. Do keep in touch please” Herbert Poh, Manager
DAY 1
2:00

Module 1: STRATEGIES TO REDUCE DEBTS

  • Know your customers
  • Plan your site visit
  • Focus on collectable & big customers
  • Lead by example
  • Be flexible, creative & think out of the box (ways & means to speed up the collection process)
  • Recovery techniques (outsourcing, insourcing, legal, asset conversion, take over, revaluation)
  • Put your house in order (credit evaluation 7cs, management support & involvement, clear SOP & strong credit manpower team, strong tracking systems)
  • Consider collection risk model (cost & benefit analysis)
  • Develop qualities of effective collectors
3.30

Module 2: BURNING ISSUES IN DEBT RECOVERY

  • Uncontactable/Missing customers
  • Contactable-but can’t afford to pay
  • Avoid payment with thousand reasons
  • Interference from top management on collection section
  • Customer delay payment purposely
  • Incomplete document
  • Financial /Cash flow problem
4.30

Module 3: HOW TO DEAL WITH DIFFERENT TYPE OF DIFFICULTY CUSTOMERS

  • Give empty promises
  • Avoiding
  • Giving thousand excuses
  • Annoying attitude
5:30 End of Day 1
DAY 2
2.00

Module 4: COLLECTION NEGOTIATION TACTICS

  • The building block technique
  • Silence
  • Repeat, repeat…
  • Recess
  • Divide & rule
  • Empathy
  • Re-escalation of demand
  • “One more thing”
  • Deadlines
  • Slicing
3.45

Module 5: LEGAL PROCEDURE

  • What to Do Before Litigation
  • Contents of Letter of Demand
  • Factors to Consider Before Suing
  • Preparation for Suing
  • Preparation for Trial
  • Enforcement of Judgments
5:30 End of Course