Research On The Optimization Of Accounts Receivable Management Under The Financial Sharing Model

Due to the rapid development of modern information technology has transformed the role of accountants and financial experts,who have gradually diversified their tasks,and common services are breaking down the organisational and geographical boundaries of group management.With the support and guidance of the relevant government agencies,many national groups and large companies have started to make this intellectual shift by establishing common financial service centres.Financial management is an important part of business management and every financial institution needs to promote common financial services from a strategic and business perspective in areas such as strategic support,business and financial integration and risk management.Traditional models for managing financial operations are no longer adequate and are facing new changes.Co-financing centres are gradually changing the co-financing model,moving from traditional financial accounting to corporate governance and value creation through intelligence,standardisation,automation and integration using the latest information technology.Accounts receivable management is very closely linked to the business situation and management of a company and has a considerable impact on cash flow and opportunity costs.It is therefore particularly important to consider the entire management of receivables,from origination to collection,as part of the co-financing model.Under the background of the information era,this paper takes the accounts receivable management of W construction service company as a case study,uses literature review,field research and so on,and combines relevant theories to analyze and sort out the operation of the accounts receivable management process under the financial sharing mode of W.It analyzes the basic situation of W and the current situation of accounts receivable,finds some problems and risks of the company’s accounts receivable under the financial sharing mode.The company’s accounts receivable management system is optimized in the light of the actual situation of the company and the characteristics of the industry in which it is located,so as to improve the information sharing among the departments involved in accounts receivable and the timeliness of obtaining data on the arrival of the day’s payment.It also helps to integrate W’s accounts receivable management system into the financial sharing centre,with the aim of improving the efficiency of the company’s accounts receivable management and reducing the risks associated with accounts receivable,so as to ensure the orderly and steady development and growth of the company.It is hoped that with the help of the case study in this paper,it will provide some reference for companies that are ready to establish or have already established a financial shared service accounts receivable management system.