Research On GH Company’s Accounts Receivable Management From The Perspective Of Risk Control

In recent years,China’s economic growth rate is faster and faster,all walks of life are facing unprecedented challenges.In the increasingly fierce market economy environment,limited market share and limited customers have become the resources for enterprises to compete fiercely.In order to win in this competition,it is inevitable for enterprises to attract customers by means of credit sales.Credit sales are very attractive to customers because they can not only relieve the current financial pressure of customers,but also allow them to use this part of the capital in more productive places.But for the seller,it is increased a lot of risk;Including customer credit risk,capital risk and bad debt risk and so on.At present,the management of credit sales in China is not perfect enough.Once customers delay repayment,it will bring collection cost and litigation cost to enterprises.If the proportion of accounts receivable bad debts is high,the liquidity of funds will become worse,and even the capital chain will break.At the same time,the quality of accounts receivable also reflects the quality of enterprise profits,for the long-term stable development of the enterprise,the risk management of accounts receivable is very necessary.This article uses the case analysis method,selects GH company engaged in manufacturing as the research object,starts from the related theory of accounts receivable risk management,and carries out the research on GH company accounts receivable based on the research of domestic and foreign scholars.First of all,this article analyzes the current status of GH’s account receivable risk management by consulting literature and GH’s internal data,mainly from the analysis of the quality of accounts receivable and the current status of risk management,and finds that GH’s current status is based on the analysis results.Lack of a systematic risk management system.Secondly,according to the risk management theory,this paper conducts risk identification and evaluation on GH’s accounts receivable.The risk identification work is mainly carried out in three stages before,during and after the event,and the risk factors are derived,and the risk factors are established based on the derived risk factors.Risk evaluation index system,and then use analytic hierarchy process and entropy method to assign weights to risk factors,and use fuzzy comprehensive evaluation method to determine the risk level of each risk factor and rank it according to the weight.Finally,through the analysis of the risk factor evaluation results,the risk factors with higher risks are determined,and risk control measures are proposed.Through the risk evaluation of GH’s accounts receivable,it was found that the four aspects of the integrity of the credit mechanism,the credit sales policy,the quality of the accounts receivable,and the performance of major customers are relatively high.The measures proposed to address these issues have been established.Credit management team,improve customer credit information management process,improve credit sales management process,strengthen the daily management of accounts receivable,regularly conduct aging analysis and collection work of accounts receivable,and conduct special investigations on the performance of major customers.It is hoped that the research in this article can help GH Company to better control risks in its operations,and at the same time play a positive role in the management of accounts receivable of other manufacturing enterprises.