Research On Client Credit Management System Of Hy

At present we are in an oversupply environment, it caused fierce competition. How to gain success? To enhance the quality of the commodity, many enterprises take action to grant credit to the customer, the goal is to expand their market and the sales; they want to get run the market. As far as we know, credit is a two-edged sword, the risks and gains co-exist. Many enterprises have too competition pressure and to weaken the management in credit risk, strengthened internal management and reduced their production and operation costs. They only pay attention to the growth of sales and ignore the risk. It caused financial embarrassment, even caused bankruptcy. One link broken, the whole chain is broken.In 2008, many businesses have closed down because of the financial embarrassment. The statistics provided by Wind demonstrated that the platelet company in 2008 the average income grew 36.42% compared to last year, the net profit grows 47.08%.But simultaneously the cash flows decrease sharply. Nearly half company the cash flows is negative. How to strengthen and improve credit system and control credit risk efficiently, will be decides the survival and the development of each enterprise.First, the paper uses the method which the quantitative analysis and the qualitative analysis, take the case of HY Corporation, to elaborate and analysis hot to the built credit system. It is vital for the enterprise to have the strong consciousness on credit risk, and the management need to take the establishment and the consummation of the credit system as the most parts of financial control.Next, the paper analyzes the question and the reason which exists in the credit management. The paper analyzes how to set up the mechanisms of collecting information. How to uses the Pareto principle to divide different credit rank. It is reasonable and efficient to set up credit department to be responsible for this work. This way can be avoid of the credit crisis.Finally, the paper demonstrates how to make enterprise rating, the adjustment of the credit terms. The paper analyze that how to improve and control the process and how to reduce the loss of bad debt.