Trainings
Negotiated Collections Workshop
This program is designed to make participants understand and apply the skills of collecting and negotiating the terms of payment with delinquent clients.
Participants will learn the sources of delinquency, the degrees of delinquency and different techniques of collection to apply to each.
The second part deals with negotiating as it applies in collections. This section starts with an explanation of how and why preparation is the key to real power in any negotiation. The steps in negotiating include how to open the discussion, how to probe and make a proposal for settlement, responding to excuses and/or settlement proposals, and making counter proposals in an assertive manner. Powerful negotiating gambits to ensure that the client adheres to the commitments he made will also be covered.
By the end of the four-part workshop, participants will improve their understanding and application of the skills of collection and negotiating terms of payments with delinquent clients.
Method: Lectures, role-plays and experiential exercises, critique and processing of exercises
Method: Lectures, role-plays and experiential exercises, critique and processing of exercises
Duration: Four (4) three-hour sessions
- The Vital Role of Collections
- Profitability: A Balancing Act Between Customer Service and Collections
- Why it pays to keep the customer: Computing his lifetime value
- Why it pays to have a strong collections effort: computing delinquency impact on profit
- Understanding the concept of Hierarchy of Payments: People have money but are you their priority?
- Collection & Negotiating Skills
- The value of Empathy
- Listening Skills: encouraging the client to talk
- Speaking Skills: developing an authoritative yet pleasant tone
- Structure of a Negotiated Collections
- Collector Modalities: Are you a Giver, Taker, or Balance Collector?
- Understanding the concept of Opening, Escalating & Final Offers
- Determining Entry & Exit Points
- Stages of Collection
- Preparation
- Opening
- Investigating: Kinds of Questions to use
- Customer Excuses and How to Handle them
- Motivating Customers to Pay
- Suggesting Plan of Action
- Assertive Communication
- Developing Proposals and Offers
- Steps in Escalating Offers
- Responding to Payment Proposals
- Making Counter Proposals
- Negotiating For Better Payment Terms
- Powerful Collection Gambits
- Identifying & Countering Customer Ploys
- Ending the Call & Obtaining Promise to Pay
- Following up on Promises to Pay
- Handling Irate Customers
Training Consultant, ECCP
Clive Villanueva is a consultant in the field of Training and Organization Development. He is a graduate of Bachelor of Science in Business Management from the Ateneo De Manila University, and obtained a Masters in Business Administration degree majoring in Corporate Finance from Fordham University.
Slots are limited and on a first come, first served basis.
Php 9,500
ECCP Members
PHP 10,500
Non-Members
How to access the webinar: In a separate email, you will receive the link sent via ZOOM/ECCP.
For inquiries, kindly email kamyr.catapang@eccp.com
