The Research Of Accounts Receivable Financing Model On X Company

Accounts receivable financing has occupied a very important place in financial system in many countries and become an important financing channel for small and medium-sized enterprises.However accounts receivable financing market in China develops more slowly,still in the early stage of development.There are many problems in the financing process,such as high financial cost,short financial period,because of their own size restrictions,the lack of effective collateral and low credit level.The shortage of funds has become one of the most important factors influencing the development of small and medium-sized high-tech enterprises in China.Although our government has introduced a lot of policies to promote the financing situation of these enterprises,but cannot fundamentally solve the problem of shortage of funds.As a new type of financing,accounts receivable financing has unique advantages in solving the financing problems.Enterprises can not only finance,broaden the financing channels,improve the cash flow situation of enterprises,but reduce the risk of accounts receivable,accelerate the cash flow,revitalize the enterprise assets and enhance the management level.Therefore,it is of great significance for a small and medium-sized enterprise to carry out accounts receivable financing business for its competitiveness and sustainable development.This paper mainly aims at the individual enterprises,analyzes the current situation of accounts receivable management and the existing financing methods,finds out the existing problems and explores the financing needs of the company’s accounts receivable.This paper analyzes the factors influencing the financing efficiency from the aspects of financing cost,financing risk and capital utilization rate,uses the fuzzy comprehensive analysis method to analyze the influence degree of different financing modes on financing efficiency,then obtains the optimal financing mode of unreasonable claims financing,and puts forward the corresponding safeguard measures,finally,provides decision support and reference for the choice of enterprise accounts receivable financing mode of X Company and other small and medium-sized high-tech enterprises.