Study On Improving The Management Of Accounts Receivable Of Yidi Environmental Protection Co.,Ltd

In this market environment with fierce competition and unending changes,credit sales has become a competitive tool for state-owned enterprises to fight for resources and market shares.However,excessive credit transfer may lead to the large increase of the accounts receivable,while the obsolete management system and the management for the accounts receivable in state-owned enterprises lack of scientific recognition,so that a lot of accounts receivable are overstocked.Meanwhile,the capital utilization efficiency is low,and it may increase the risk of the loss of state assets.In view of this,in order to accelerate the withdrawal of funds,and to reduce the operating and financial risks of enterprises,we should control and manage the accounts receivable when make use of credit sales.Therefore,the managing level of accounts receivable has become one of the major factors that influence the core competitiveness of enterprises.Yidi Environmental Protection Co.,Ltd.is a state-owned enterprise that provides the consultation of environmental technology,evaluation of environmental influence,and construction of environmental protection projects for governmental originations,institutional organizations,and the enterprises with governmental background.Due to the specialty of environmental protection industry,enterprises usually adopt the business model that issues invoices first and makes installment payment later.Even if enterprises pay highly attention to the management of accounts receivable and make traditional post management for the "collection",but because it lacks of scientific management method,the accounts receivable of Yidi Environmental Protection Co.,Ltd.only occupy 32.6% of the circulating assets by the end of 2015.With the deepening of reform of state-owned enterprises and the widespread application of internet information technology in enterprises,it has poured fresh blood to the management of accounts receivable,and studied on improving the current management model of accounts receivable in Yidi Environmental Protection Co.,Ltd..Particularly,it has strengthened the management of accounts receivable by making use of advanced methods,such as information technology,which features great significance for enhancing the management level of accounts receivable in Yidi Environmental Protection Co.,Ltd..Having been engaged in the fund management of Yidi Environmental Protection Co.,Ltd.for a period of time,the author has certain understanding and experience about the formation of accounts receivable,as well as it influences on enterprises.In order to achieve favorable development of the future enterprise,and by combining three years' learning of MBA theory,the author hopes to optimize the management by discussing on the measures of improving the management of accounts receivable.During the research process,the author has collected and arranged a large number of documents,and learned a lot advanced experience about the management of accounts receivable from other enterprises.This paper analyzes the indicators and compares industrial experience by collecting the financial data of the company in three recent years.It also studies and analyzes the current status of accounts receivable management in Yidi Environmental Protection Company by combining theory and practice,to discuss the existing shortcomings and causes.Through analyzing the real conditions of the company and based on the value chain theory,this paper proposes suggestions for the improvement of credit management system during the whole process of the company.Meanwhile,by studying this project,it has offered references for this enterprise to improve its business performance,and has formed certain referential significance to other similar enterprises.