The Study On Construction Of Whole Process Management System On Accounts Receivable Of Z Company

The development of enterprise should not only rely on market conditions and opportunities,more importantly depend on the leadership's decision-making ability and level of integrated management.The management of accounts receivable is a non-ignorable problem in both enterprise management and financial management.Strengthening the management of accounts receivable is likely to reduce business risk and bad debt losses.Petroleum engineering industry is a capital-intensive,technology professional industry,the capital plays an important role in enterprise's production operation.It has been the common consensus in petroleum engineering enterprises that accounts receivable is the core part of capital management.How to strengthen the management of accounts receivable and increase the value management has became an important subject of financial management in petroleum engineering enterprise.Z company is the leading company with strong representation in market distribution and assets size etc aspect of a petroleum engineering company,its continued highly accounts receivable is an important problem in Z company financial management in recent years,and it is also the thorny problem which company managers eager to solve.Based on the analysis of features of Z company's business and the characteristic of company's account receivable,this article analyzed the present situation of Z company accounts receivable management,revealed the existing problem such as not to carry out the responsibility,incomplete process and index evaluation insufficient etc,put forward the necessity to build the whole process management system of company's accounts receivable.This article also determined the guiding ideology and principles,the main contents and key links of whole process management system of Z company,and through further analysis of business features,designed the evaluation index of whole process management system.The operability and effectiveness of the evaluation index of Z company whole process management system is verified during the process comparison of estimated data which obtained through designed evaluation index and the actual data,thus the whole process system that can meet the needs of Z company accounts receivable management is built.Hoping the study in this article could play a positive role on the optimization of Z Company's accounts receivable management,and at the same time play a guiding significance to strengthen accounts receivable management in petroleum engineering enterprise.