Research On D Company's Accounts Receivable Financing Model Based On Supply Chain Finance

2020 is important for China,because China will complete the task of building a moderately prosperous society in all respects.In such a critical period,small and medium-sized enterprises can effectively promote economic development.,and play an important role in China’s structural reform.However,due to the influence of small scale and imperfect internal system and so on,the credit status of most small and medium-sized enterprises is poor.In addition,China’s macroeconomic environment also restricts small and medium-sized companies a lot,such as fragile capital chain and easily falling into financing difficulties,which gradually restricts future development of small and mediumsized enterprises.It is emergency for us to provide small and medium-sized enterprises with more convenience in financing.The construction company studied in this paper,as a part of China’s small and medium-sized enterprises,is also facing the situation of financing difficulties.With the rapid growth of small and medium-sized construction enterprises,the survival and development of enterprises need support of capital.Capital is the basis of their production and operation activities,which provides guarantee for the sustainable development of enterprises.However,in recent years,due to the industry environment,business mode,internal and external objective environment,the lack of funds has been the bottleneck of development.However,with more and more fierce competition,advance funds has become the main competition mode for construction enterprises to occupy the market.In such a competitive environment,the amount of accounts receivable of construction enterprises is increasing,which leads to more difficulties in the operation of enterprises and restricts the development of enterprises.This is a strict test for small and mediumsized construction enterprises.It is urgent to reform the financing mode of enterprises and put forward new financing methods,so that the healthy development of small enterprises can be guaranteed.Supply chain finance provides companies with a good platform for enterprise financing in the industrial supply chain.Supply chain finance is divided into three financing modes: accounts receivable mode,prepayment mode and inventory mode.Among them,accounts receivable financing mode is the most suitable financing mode for the rapid development of small and medium-sized construction companies.Nowadays,with the government issuing many laws on financing to help medium-sized and small enterprises,the accounts receivable financing business has been improved a lot.Accounts receivable financing has developed into a reliable model for medium-sized and small enterprises.In view of the analysis above,the paper takes D as an example,designing the accounts receivable financing scheme suitable for D.First of all,the paper puts forward the following suggestions that D need accounts receivable financing feasibility after analyzing the existing financing problems of D.Secondly,the accounts receivable financing mode including receivable pledge financing,accounts receivable factoring financing,accounts receivable securitization financing.The paper choose an optimal mode for D through the establishment of accounts receivable financing mode evaluation system.Finally,according to the accounts receivable financing scheme implemented by company D,the effect evaluation and analysis are carried out.The paper solves the financing difficulties and accounts receivable management problems of D enterprise through the combination of theory and case analysis.The paper both solves the accounts receivable management problems,and helps small construction enterprises improve capital utilization efficiency,at the same time,reducing asset risk and expanding financing channels,providing theoretical and practical reference for similar problems.