The Study On Optimization Of Japan Accounts Receivable Management Process For D Company

In today's global market,competitive pressures force products and services to be sold on credit,making accounts receivable one of the largest asset classes on the balance sheet.Credit sales are widely used by enterprises as a result of the increasing amount of accounts receivable on the balance sheet and the increasing risk of overdue or bad debts.Accounts receivable is an important part of the business chain from quotation to order to cash,which can't be ignored in the process of globalization and integration of the whole company.Systematization and refinement of accounts receivable is an important direction for the development of accounts receivable.This paper takes management process and current situation of D company's daily accounts receivable as the research object.Firstly,studied and summarized the relevant theories of accounts receivable.Through analysis of historical data of D company's daily accounts receivable and review of the process,discovered the defects and problems existing in the process of accounts receivable in Japan.Considering the management and technology,this paper puts forward a solution to optimize the process of daily accounts receivable of D company based on risk control by adopting the step-by-step method.Including optimizing the credit model before the occurrence of accounts receivable,standardizing the credit assessment policy,optimizing the process from quote to cash,controlling the scale of accounts receivable and other measures to reduce risks from the source;before accounts receivable becoming overdue,strengthening the control of accounts receivable through regular credit review and credit line adjustment.Also achieve the automation of reports,billing documents and cash apply process by taking the advantage of information technology innovation to further control accounts receivable.Finally,when accounts receivable overdue occurs,establish performance evaluation system of accounts receivable for not only accounts receivables teams,but also sales teams and other related teams to manage and minimize the risk.Through the optimization of accounts receivable process,we can control the amount of credit sale,shorten the payment cycle and reduce the risk of accounts receivable,help D company accelerate cash flow and maximum benefit of D company.