Research On Financing Model Of Receivables Of Company A Based On Supply Chain Finance

With the deepening of economic reform,small and medium enterprises have emerged as the backbone of economic development,in order to improve the total economy,increase employment,increase taxes made a great contribution.However,due to the imperfection of the policy system,the asymmetry of the capital market information,the imperfect development of the financial system and the imperfect financial system of the small and medium-sized enterprises,many small and medium-sized enterprises are unable to obtain sufficient external financing and face the risk of shortage of funds.In foreign countries,the concept of supply chain finance is gradually put forward and applied to the practice of enterprises,including accounts receivable financing has become an important way of financing small and medium enterprises,and the development is quite mature,the domestic financing model has not been widely used.A company was established in 2004,is set LED lighting product design,research and development,manufacturing,sales and service in one and has lighting engineering design,construction,installation and commissioning and energy conservation audit professional services such as private enterprises,China's LED lighting industry One of the manufacturers and suppliers,is also the city of × × high-tech enterprises,through the company's continuous development,the company in October 2014 in the new three board market.As one of the high-tech small and medium enterprises,A company faces the same problems with the vast majority of small and medium enterprises,external financing difficulties.But the company is in the new products,new technology development period,the need for a lot of R & D investment,while customers mainly for the major hotels,the strength of the sales back time span,the company sometimes there will be working capital shortage situation.Based on this background,how to rely on its strong customer base,the use of accounts receivable financing to ease the financing problems of A company an effective way.This paper mainly aims at the individual enterprises of Company A,analyzes the current situation of financing,the problems and causes in the financing process,and analyzes the feasibility of the implementation of accounts receivable financing model in Company A according to the specific financing environment.And then design a specific financing plan for it,by comparing the efficiency of different financing methods from different aspects,select the most suitable A company to solve the financing difficulties of A company,the most efficient financing of specific accounts receivable financing model.The purpose of this paper is to analyze the causes of the financing problems of Company A first,and then design a specific financing plan for Company A to solve the problem of financing difficulties.The theoretical significance of this paper is to improve and deepen the relevant theories and case studies of the SME to solve the financing difficulties.It enriches the relevant theories of the financing choice of accounts receivable.The practical significance is to help the Company to raise the accounts receivable Management efficiency,help A company to solve the financing problem,but also to help the objective degree of bank loan product innovation.