Research On Credit Management Of Accounts Receivable About Z Steel E-commerce Company

In recent years,with the rise of the Internet industry,the speed of information exchange is more fast,and thus the operational efficiency of the business is improved.Improving the efficiency of commercial operation can bring more value to the enterprise,so many traditional industries have entered the Internet to try it.In recent years,the commodity industry due to overcapacity,with the supply side of the reform,are seeking industrial upgrading.And the efficiency of the Internet to bring the industry to bring a turn for the better.Therefore,nearly five years,a large number of commodity electricity business have been emerging.In 2015,the bulk of commercial electricity busines got more than 28 billion venture capital.By the end of 2015,the number of commodity electricity business has exceeded 1,100,of which the number of steel and electricity business platform accounted for 28%.The ever-changing iron and steel industry in line with the characteristics of the general Internet industry,that is,winners take-all.In order to become the first place on the market,almost every industry in the industry to focus on the strategy to seize the market share.Which led to excessive use of iron and steel electricity sales and other means to expand market share.But too much use of credit means,will make the risk of bad debts.In order to prevent the risk of bad debts,scientific accounts receivable management has become the key.Therefore,this article study the iron and steel electricity business receivables credit management,is conducive to improving the flow of accounts receivable,reduce the risk of bad debts;also conducive to improving the company's credit management efficiency and ultimately improve the profitability of enterprises;But also for the electricity business sector accounts receivable management work to provide some reference.In this paper,Z company as an example,Z is a steel electrician business,it have been growing fast for years,the number of customer in Z company has exceeded 40,000,the volume has also become the forefront of the industry.However,with the market share increasing,the company's receivables are also increasing year by year,the increase in accounts receivable is far greater than the increase in operating income,from 2013 to 2015,accounts receivable increased by 3749%,Revenue growth of only 1215%,while the proportion of bad debts accounted for credit from 1.93% in 2013 to 4.32% in 2015,the accounts receivable of Z company is still a problem.Through these phenomena,further investigation found that the company have some problem in these areas,such as the departmental institutions,performance appraisal,credit risk assessment,credit decision-making,information communication.Aiming at these problems of accounts receivable management,this paper puts forward the establishment of an independent credit management department;to improve the current assessment system;the establishment of quantitative credit assessment Logistic model;standard credit decision;to build information communication system and other solutions.The study found that the risk of accounts receivable management is still the company's general problem;Solving the problem of the accounts receivable management in a company does not have a fixed model,it is based on the company's industry and the actual situation;Establish a reasonable credit risk Management system is the key to the risk control of accounts receivable;Electricity have the advantages of building accounts receivable information system.