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Igniting the Credit Revolution
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Igniting the Credit Revolution



Covers the state of credit today and what can be done to change it.

Covers the state of credit today and what can be done to change it.



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    Igniting the Credit Revolution Igniting the Credit Revolution Presentation Transcript

    • ER$ Consulting Services In Collaboration with CMA Presents Igniting the Credit Revolution January 26, 2010 Webinar Copyright © Eddy A. Sumar 2006
    • By Eddy A. Sumar, MBA, CCE, CICE Igniting the Credit Revolution Copyright: Eddy A. Sumar 2006
      • kindle
      Provoke Incite Inspire Awaken
      • Innovation
      Conversion Development Change Transformation Breaking the Status Quo Upheaval and an Alteration
      • Agreement
      Cooperation Coordination A State with no Friction and Conflict Harmony
      • On the Cutting board
      • Feelings of frustrations
      • Division between credit & sales
      • State of conflict
      • It is a necessity in this new age of economic Uncertainty
      Why Ignite the Credit Revolution? The State of Credit Today...
    • ” I am for the restoration of order, but not for the restoration of the old order." (Honore’ Mirabeau) The Cutting Edge ……. A Strategic Response……..
      • “ Everything requires effort: the only thing you can achieve without it is failure.”`
      20,000 Quips and Quotes The Cutting Edge ……. Break the Status Quo… Failure is not an option…...
      • “ The right of commanding is no longer an advantage transmitted by nature; like an inheritance, it is the fruit of labors, the price of courage.”
      The Cutting Edge ……. Invent yourself…… …..The Path of Survival and the Way to Thrive…….............
      • Need to take Courage
      • Need to Change
      • Need a New Vision and New Image
      • Need to envision a New Reality
      • Need Revolution and Renewal
      What does this mean? Doing what is right The Cutting Edge
      • Role of credit
        • Vital & essential
        • Lifeblood of economy
      • Benefits of granting credit
      • Role of credit Manager
      Significance of Credit & the Credit Professional … ..It is all about Positioning & Marketing…………………
    • What can help us achieve our mission? Understanding the paradox! Resolving the old age Conflict Changing the perception of credit
      • Roles of sales and credit are different
        • Values
        • Rules
        • Thinking patterns
        • Language and dialects
        • Culture
        • Beliefs
      • Goals conflict
      • Sales: Sell, Sell and Sell
      • Credit:
        • Minimize risk
        • Maximize cash flow
        • Lower DSO and Increase profit
        • Minimize bad debt & write-off
      • Nature of sales
        • Urgency
        • Immediacy
        • Time is of the essence
      • Nature of credit
        • Built on trust
        • Requires due diligence
        • Requires Time
      • Negative Perception
        • Obstacle
        • Hindrance
        • Anti-Sales
        • Bad guys
        • Sales prevention Dept
        • Stop Sign
        • Enemy
        • Inhibitors of sales
        • Necessary evil
      • Why the Negative Perception?
        • Lack of communication
        • Lack of understanding
        • Lack of management support
        • Lack of credit education
        • Lack of credit leadership
    • How can we resolve the conflict? How can we reach a state of Harmony ?
      • Negative
        • Obstacle
        • Hindrance
        • Anti-Sales
        • Bad guys
        • Sales prevention
        • Stop Sign
        • Enemy
        • Inhibitors of sales
        • Necessary evil
      • Positive Perception
        • Aid
        • Help
        • Pro-Sales
        • Good guys
        • Sales invention Dept
        • Yield & Caution Sign
        • Friends
        • Openers of sales doors
        • Necessary force for good
      • Changing perception [ HOW ]
        • Education
        • Communication
        • Seeking understanding
        • Obtaining management support
        • Credit leadership
        • Alignment with sales
      Obtaining management support
        • Seeking understanding
      Education Communication Credit leadership Alignment with sales
    • Perspectives Leading the Way to the Cutting Edge ……. The Path to Perfect Harmony……...
      • Psychological perspective
      • Sociological perspective
      • Anthropological perspective
      • Political perspective
      (The Antidote)
    • The Cutting Edge ……. The Path to Perfect Harmony……... Realities & Conclusions The Cutting Edge
    • The Cutting Edge ……. Ignite the Credit Revolution……... 1. Change is the only constant 2. People in organizations belong to different tribe 3. Perception could be altered Realities
    • The Cutting Edge ……. Break the Status Quo……... Conclusions 1. We need to be aware of the state of credit . Where we are and where do we want to be. 2. Be willing to change and adapt to new realities . 3. We need to adopt a new vision and a new image and initiate the change. 4. We need to seek the support of management, sales, marketing and a credit friendly culture .
    • The Cutting Edge ……. Invent Yourself……... The Cutting Edge Recommendations
    • The Cutting Edge ……. Reach the Cutting Edge!……... “ It is not the strongest of the species that survive, not the most intelligent, but the one most responsive to change.” Charles Darwin
    • The Cutting Edge ……. The Path to Perfect Harmony……... "The greatest discovery of any generation is that a human being can alter his life by altering his attitude." ( William James )
      • "I have three precious things which I hold fast and prize. The first is gentleness; the second is frugality; the third is humility, which keeps me from putting myself before others. Be gentle and you can be bold ; be frugal and you can be liberal ; avoid putting yourself before others and you can become a leader among men ."
      • - Lao-Tzu
      • “ Be gentle…
      • Be frugal…
      • Be Humble…
      • And
      • Become a leader Among men .” Lao-Tzu
    • The Cutting Edge …. The Path to Perfect Harmony… “ We make a living by what we get, we make a life by what we give .” Sir Winston Churchill
    • Ignite the Revolution ……. Experience the Renaissance ……... Credit and Sales a Perfect Harmony