Research On Business Management Strategy Of Commercial Factoring Company

Factoring is the factor that the factoring business provides in exchange for interest income?fees?commissions and other financial services through the provision of a series of services including debt management?collection?debt transfer financing?credit rating and credit guarantee for debtors of receivables.At present,the factoring business in China is mostly the transfer of creditor's rights of accounts receivable.In recent years,with the policy support efforts continue to increase,the substantive pilot areas continue to expand,China's commercial factoring showing explosive growth,factoring business as providing innovative domestic trade financing and risk management solutions for modern credit service.Under the promotion of national policies to develop accounts receivable financing,business factoring companies have great development prospects under the general situation of financing difficulties and expensive financing.At present,the factoring industry in China presents a steady improvement of bank factoring and the rapid development of non-bank factoring.The number of commercial factoring enterprises registered in China has reached 8,261,But with so many factoring companies,nearly 90% of them are zombie companies,At the same time,the absence of relevant factoring tax code and laws and regulations makes it more difficult to develop the factoring business.The immature domestic credit environment makes the process of the company's credit investigation slow.The risk assessment system of factoring company is not sound,and the lack of quantification results in the evaluation of randomness in the business process,the lack of standardization of business process,the domestic factoring business,and the lack of a large number of professional talents.These are the bottleneck of the development of factoring business.In order to encourage factoring into the standardization development orbit as soon as possible,improve the understanding of small and medium-sized enterprise factoring business,based on the case forms a factoring business operation process are analyzed,and related problems that exist in the factoring business.The thesis is divided into five chapters: the first chapter is the introduction part of the article,including the background and significance of the topic,the concept of commercial factoring and the methods and contents of the research.The second chapter introduces the current situation and existing problems of commercial factoring companies in China,including development history,future development trend,current situation and existing problems.The third chapter introduces the background and the basic business of reed.The fourth chapter is the focus of this paper,through the introduction of factoring business case and the internal and external problems in factoring business.The fifth chapter puts forward the conclusions of the case study and the views of factoring companies,industry associations and small and medium-sized enterprises,and puts forward the deficiencies in the research and the future prospects of the factoring industry.