Research On Risk Management Of Accounts Receivable In LP Feed Company

Credit sales is an inevitable choice for enterprises to enhance their competitiveness in an increasingly competitive environment.However,limited by the level of their own accounts receivable risk management.Credit sales can also lead to enterprises facing business risks and financial risks while helping enterprises to expand their market share.LP feed companies are currently in the growth period,in the context of the big times,in order to ensure the company's sustainable development,the company is accelerating to seize market share.To this end,in recent years,the company increased investment in the construction of the plant and the introduction of advanced production technology,with sufficient production capacity and scale,at the same time,the company expanded credit sales to win more orders.On the basis of sufficient literature research,through the case analysis,this paper finds that the quality of the accounts receivable of LP feed company was significantly lower than the average level of the listed companies.The LP company has the risk of bad debts,and the future external business environment deteriorates Or the company's own operating conditions of major adverse changes,the company will not pay the risk of debt due.The reason is that the LP feed company adopts the sales credit policy,and the risk management system of accounts receivable can not effectively control the risk of account receivable caused by the implementation of the sales credit policy.In order to reduce the risk of LP feed company due to credit,combined with the actual situation of the company,this paper emphasizes the improvement of the pre-management and collection policy of accounts receivable risk management.First of all,through the establishment of accounts receivable risk control team,clear the responsibility of each part of the organization system,So as to effectively solve the approval of the customer credit policy than the actual requirements of the company loose caused by the sales target and the company's target differences,controlling credit risk from the source.Secondly,through the improvement of credit responsibility system,the introduction of the recovery model of account recovery to improve the quality of overdue accounts receivable,to create "super line" collection model to strengthen the collection of accounts receivable efforts.While standardizing the management of creditor's rights information,in order to improve the quality of accounts receivable monitoring and the quality of accounts receivable recovery.In addition,the paper puts forward the financing strategy of accounts receivable suitable for LP feed company,educes the financial risk and operating risk brought by the high receivables.And finally to develop safeguards to ensure the effective implementation of improved programs.