Research On The Optimization Of Accounts Receivable Management Of TY Cobalt Company

The increasing development and changes of the economy and society have made more and more industries and fields in China begin to actively change their own sales methods and sales ideas,no longer taking their own sources of goods as the basis for survival,but becoming the basis for their customers,and even in order to compete for customer groups,they do not hesitate to carry out a large number of credit sales,which are sometimes not scientific enough.If the proportion of accounts receivable is too large,it will cause many problems,such as when the company’s capital has problems,the product conforms to the upgrading of the consumption structure,and the replacement has become a major problem.Therefore,within the specified time,the company’s accounts receivable can be recovered at a reasonable cost price,without affecting further cooperation with customers,and solving the problem of receivables,which has become an important topic for each enterprise to optimize management.TY Cobalt Industry Company is a large-scale enterprise integrating mineral mining,product research and development,new energy lithium battery production and sales,etc.,after years of development,the market position has gradually become prominent.When the development scale of TY Cobalt Company gradually becomes larger,its own business volume level has also increased year by year,among which,the proportion of accounts receivable in the main business income is also increasing rapidly,and the higher the proportion of this part of the capital to the current assets,the easier it is to lead to the next step of the company’s operation difficulties.This paper systematically sorts out and summarizes the theories related to accounts receivable studied by scholars in recent years,uses the financial data of TY Cobalt Company in recent years,combined with the company’s credit sales management system,and analyzes its own problems,including lagging in reconciliation,backward collection assessment,low liquidity of accounts,imperfect credit management,untimely reconciliation and many other problems.On the basis of combining comprehensive management and risk management theory,this paper proposes an optimization and improvement plan for the whole process of credit sales of TY Cobalt Company,and puts forward practical optimization countermeasures from pre-management to in-process management to post-event management,such as regular reconciliation,collection assessment,improvement of contract management,re-evaluation of customer credit rating,regular correspondence,etc.At the same time,the safeguard measures in chapter V,that is,from the five aspects of culture,personnel,organization,system and system,provide feasibility for the optimization plan of chapter IV.On this basis,TY Cobalt’s own accounts receivable problem can be reasonably improved,gradually prevent and resolve relevant risk factors,promote the improvement of the quality of receivables recovery,promote the improvement of turnover efficiency,help enterprises "return blood" as soon as possible,and provide possibilities for increasing production and expanding capacity and seizing market share.