Research On Accounts Receivable Financing Model Selection Of Z Company

In the development of auto parts manufacturing companies,in order to maintain a good and stable cooperation relationship with their customers,a large number of accounts receivables are generated through credit sales,occupy a large amount of working capital of the enterprise,leading to negative impacts such as unfavorable capital turnover.At the same time,in order to comply with the development of the market,companies need a lot of money to support the upgrading of products and maintain the daily operating needs,but the existing financing channels are single and there is a phenomenon of poor financing,so companies need to seek new financing methods.In the face of the above problems,our government is also actively exploring and encouraging the expansion of financing channels,especially emphasize the development of accounts receivable financing.With the support of policies and the improvement of the market,accounts receivable financing will be adopted more widely by enterprises.Company Z is token as the research object in this paper.First of all,analyzing the operating and financial status of company Z,we found there is an unfavorable circulation of funds.The reason for further analysis is that the company Z has been severely sales on credit in the past three years,resulting a large number of accounts receivable can't be realized,and the existing financing can't meet the requirements.Secondly,combining these phenomena,determine the necessary and feasibility of Z company to carry out accounts receivable financing.Thirdly,through comparative the indicator of accounts receivable receipt financing ?accounts receivable factoring financing and accounts receivable securitization financing,use the fuzzy comprehensive assessment method to select the best mode is factoring financing without recourse for Z company.Finally,countermeasures and suggestions are proposed for the smooth development of Z company for this type of financing method.This article combines theory and practice,which aims to use the accounts receivable financing to solve the financing problems of company Z and improve the financial quality.