The Research Of Accounts Receivable Financing Model On M Company

Financing problems of SMEs(small and medium-size enterprise) has been a longtime, many studies on the optimization of corporate financing patterns in practice andacademia occurred. Among the various types of financing models, accounts receivablefinancing is unique. However many studies are now starting from a position of banksand other financial institutions, in order to reduce the risk of bank accounts receivablefinancing and research on SMEs how to choose the appropriate financing model is in asmall number. Combined with the company’s actual situation, the article can be usedas a reliable basis for financing decisions.This study is divided into three parts: the first part introduces the backgroundand related theoretical analysis; the second part analysis firm facts, and establishes amodel to compare the efficiency, then concludes that the most efficient model isNon-recourse factoring financing by Fuzzy Comprehensive Evaluation Method, thelast part suggests how to carry accounts receivable financing in high efficiency.Based on the reality, the author reviews the current research, and analyzes themain model of financing receivables. The article describes the theory of receivablesfinancing comparing the cost and risk of three financing models, identifying the mostefficient method by fuzzy comprehensive evaluation. It provides the decision supportfor M, and also provides a reference for other SMEs.