Z Company Accounts Receivable Risk Management Research

With the in-depth advancement of "Made in China 2025" and the "Distribution Network Construction and Transformation Action Plan" in the "13th Five-Year Plan",the wire and cable industry has ushered in new development opportunities.However,in order to expand the market,most companies use credit sales to attract customers.In addition,the wire and cable industry has the typical characteristics of "materials,heavy,industrial,light",and requires a lot of capital.Therefore,the management of capital is particularly important for enterprises.Credit sales will occupy the company’s working capital.In addition,small and medium-sized companies lack effective risk management for accounts receivable.The risk of accounts receivable recovery is high and the possibility of bad debts is high.As a result,companies do not have sufficient funds to expand their business,and even the capital chain is broken.Therefore,research on the risk management of accounts receivable has certain practical significance,which is helpful to the sustainable operation of small and medium-sized enterprises in this industry.This article uses the method of case study,taking wire and cable company Z company as the research object.First,analyze and summarize the relevant theories of accounts receivable and risk management,and use this as the theoretical basis for this article.The account receivable risk management system of Z company is explained,and then combined with the financial indicators of the accounts receivable of Z company and enterprises in the same industry,the company’s account receivable risk management status is analyzed,and it is found that the quality of Z company’s accounts receivable is not good.Good,there are problems of poor liquidity and difficulty in recycling.Secondly,through the literature research method,business process analysis method and the specific situation of the enterprise to identify the risk factors affecting the accounts receivable,and then use the expert scoring method and the analytic hierarchy process to score and weight the identified risk factors,according to the score obtained The situation measures the importance of different risk factors to evaluate company Z’s risk and obtain that the overall risk level of company Z’s accounts receivable is relatively high.Finally,according to the problems of company Z’s accounts receivable risk management,optimization and improvement are carried out.This enables Z company’s accounts receivable risk to be effectively controlled.The specific improvement measures are optimized before,during,after,and safeguard measures to improve and optimize the Z company’s accounts receivable risk management system to improve the company’s competitiveness and sustainable development capabilities.