Research On Credit Risk Management Of CJ Company

The rapid development of China's economy is deeply and long-term affecting the development of Chinese enterprises.The increasingly fierce industry competition has brought great challenges and opportunities to the future of enterprises.In order to expand sales or attract and stabilize customer base,enterprises have to adopt credit based sales means,CJ company is such an enterprise.For the development of the enterprise,CJ company mostly adopts the way of credit sale in recent years.However,due to the lag of enterprise credit management,insufficient understanding of credit risk and management ability,CJ company has problems such as bad debts,bad debts,excessive capital occupation,shortage of cash flow and loss of profits due to too large accounts receivable.In the increasingly fierce competition in the industry,CJ company is facing the double pressure of business scale growth and credit risk.Based on the needs of CJ company's credit risk management,this paper first introduces the current credit risk management system,risk sources,control methods and processes.Then through the literature research and the research of CJ company's credit risk management status,we find that CJ company has some problems in the internal management mechanism,such as personnel responsibility division,customer credit investigation,customer credit evaluation,credit decision-making,accounts receivable monitoring and overdue accounts collection.The main reason for these problems is the lack of risk awareness,the blind pursuit of performance,so that the credit status of credit customers is not evaluated and analyzed,and credit sales are arbitrary.In view of the problems and the causes,this paper puts forward some suggestions on the optimization of credit risk management from the aspects of establishing a special credit management department,improving the relevant credit risk management system,and ensuring the implementation of management measures.This paper will play an active role in promoting the healthy development of CJ company's credit business and improving the level of credit risk management.