AccountsReceivableRiskManagement_6312

1、Accounts Receivable Risk Management【 Abstract 】 accounts receivable management, financial risk management is an important element. If the poor management of accounts receivable, companies will be a long-term deep "triangular debts" and being troubled, to avoid this problem, we must manage

2、and control the source.Key words accounts receivable credit risk management policy"Water can carry a boat, can also overturn it," accounts receivable can allow substantial increase in business sales, market share will expand, but also allow enterprises to sink into their cash flow, operati

3、ons paralyzed pain. So how to play a positive role in accounts receivable and effective risk-averse? An enterprise should accounts receivable in advance, during and after the entire process control.First, source control, compression occurred in accounts receivable amount and frequency ofWhen a selle

4、r's market into a buyer's market, the market competition, forcing enterprises to adopt various means to expand sales or contract work. Some companies promote their products or contract in order to achieve the aim of the project, are often not part of the collection or receipt of funds, based

5、 on impression, friendship or business experience, unsolicited goods or Loaning convention started, until authorities check the stock commodity or settlement, the accounts receivable receivable has occurred. The other companies operating in the event of misfortune, distressed or deliberate default,

6、or the parties changed, the recovery of accounts receivable will increase the difficulty of the enterprise financial risks rise. Therefore, it is necessary to reduce the source ofthe occurrence of such funds, taking up.This requires enterprises to establish a comprehensive assessment of customer cre

7、dit information system, strengthen the exchanges customers, long-term internal evaluation of customer contacts through various channels to understand and determine the customer's credit rating and then decide whether to offer commercial credit and credit limit. Conducting internal credit assessm

8、ent, usually in the expected bad debt loss rate as a credit Criterion. Poor condition of the credit business, credit standards should be strict, so as to effectively prevent the credit due to excessive lead to exceed the customer's actual payment capacities, make businesses suffer.Second, dynami

9、c tracking, analysis, and strengthen supervision and management of dailyWhen the enterprise took place accounts receivable, it should be held regularly on the accounts receivable tracking and analysis of the dynamic and timely to make scientific decisions. Release accounts for the company, in order

10、to keep abreast of the company at a certain time period the amount of payment of accounts, the credit period, the number of customers at home, more than the credit period, the number of customers at home.To ensure the effective recovery of corporate receivables, it must create a dynamic customer cre

11、dit assessment mechanisms, and accounts receivable tracking management system. Should be on assessment, quarterly review, annual review, do a good job early warning of risk management accounts, tap the investor letter of good, high-value customers, giving preferential credit policies; remove bad cre

12、dit, low-value customers, or give more strict Receivable Management. Only in such a dynamic client credit review and accounts receivable tracking to protect the enterprise marketing risk to a minimum.Third, time-ching, strict collectionAfter the occurrence of corporate receivables, the business sect

13、or should take various measures to strive for recovery of payments on time and avoid bad debts incurred in arrears for too long. To this end enterprise should develop a reasonable clear right, collection methods.1, strengthening the status of accounts receivable daily dynamic transmission and submit

14、ted to theAfter the accounts receivable, corporate finance department should be given time intervals, to instruments, in tabular form to the relevant departments, the responsibility of handling personnel and business leaders to pass accounts receivable dynamic information, preferably once a month (o

15、r even more short), supervision, and prompt the above-mentioned collection personnel and departments. On overdue accounts receivable outstanding notification time should be even shorter.Reposted elsewhere in the paper for free download http:/2, concern between the customer's operations, to enhan

16、ce the daily exercise cardEnterprises should always pay attention to business units, operations, financial position and personnel changes, be aware of in order to prevent the other units due to the sudden turn of events, business missteps and related personnel changes may result from the risk of unc

17、ollectible receivables . The financial sector should work together with business units on the other side of receivables from time to time send Xunzheng Han to verify the authenticity of accounts receivable, integrity, and to ensure that the timeliness of the proceedings and prevent the occurrence of

18、 cardiopulmonary bypass receivables blocking illegal behavior and the failure to prevent the debt collection lawsuits.3, establish a regular and customer reconciliation system, dynamic tracking, decisive decision-makingEnterprises should establish a regular and customer reconciliation system, financ

19、e department, in conjunction with the relevant administrative departments of the company held by the track and analyze accounts receivable. For the relatively large number of enterprise customers, its management should print out a daily accounting of all accounts close to expiration on the accounts

20、receivable records, and at least a week overdue accounts receivable record and analysis of time, and the use of information systems is set to be collection of early warning procedures, timely access to prompt signals and submit opinions on handling. Under normal circumstances, shall require clients

21、to pay off the arrears before, after, before allowing owed by a new. If you find that overdue debt or increase the amount of arrears should be drastic measures to inform the authorities stopped supplying.4, the establishment of responsibility centers, the collection included in performance appraisal

22、 resultsOfficer to establish a business, financial inspectors, supplemented by the collection of arrears responsibility center, Chen Qian and control will revert to the bad debt into long-term performance assessment, the increased sales of clean-up and collection accounts Chen enthusiasm.5, for diff

23、erent customer relationships, and adopt a flexible collection policyLong-term receivables for the recent clean-up Chen accounts intact areas, should be limited to delivery or refusal to deliver, and increase collection efforts: the solvent does not meet their debt obligations, man-made Repudiation occurs, should be valid in the proceedings in the use of legal means to resolve in order to avoid the loss of recourse, resulting in bad debt losses; right sector is indeed unable to pay debts, the enterprise