Research On Comprehensive Risk Management Of Account Receivable Factoring Business Of Gm Factoring Company

With the prosperity and development of my country’s economy and the gradual maturity of the market economy,most enterprises will choose credit sales transactions,and at the same time will generate a large number of accounts receivable.Excessive accounts receivable will result in slow capital flow and increased operating costs,which in the long run will bring risks such as bankruptcy to the enterprise.In order to alleviate this problem,commercial factoring business was born.Compared with traditional credit services,commercial factoring business is mainly based on accounts receivable,and sellers can obtain financing by transferring accounts receivable,thereby alleviating financial pressure.Commercial factoring not only provides convenient financing services for my country’s small and medium-sized enterprises,but also promotes the healthy development of my country’s market economy.Therefore,studying the comprehensive risk management of commercial factoring companies can effectively guarantee the sound development of the commercial factoring market.Since my country launched the commercial factoring pilot program,the number of factoring companies has continued to increase.However,with the rapid development of factoring companies,they are also faced with many risk management problems,such as unreasonable business processes,weak risk awareness,and internal and external fraud.The purpose of this thesis is to put forward scientific and reasonable suggestions to avoid the above risks based on the comprehensive risk management theory through the study of case companies.It can not only promote the healthy development of the case company,but also provide a certain reference for the comprehensive risk management of other factoring companies.To sum up,this thesis selects GM factoring company as the case study object.First,through literature research,drawing on the existing research results at home and abroad,summarizing the relevant concepts of factoring business and the development status of the domestic factoring industry,to pave the way for the case study;Then,starting from its development status and business process,it points out the problems existing in the company’s factoring business risk management through on-the-spot investigation and case analysis.Combined with the theory of comprehensive risk management,according to the results of the questionnaire and specific cases to analyze the comprehensive risk management of GM factoring company,and finally based on the comprehensive risk management framework,it is proposed to improve the risk management positions and personnel responsibilities,optimize the customer credit evaluation standards,and improve the overall risk management.Suggestions for improvement in five aspects,including risk management information technology system,improving the level of risk response mechanism,and strengthening the construction of comprehensive risk management culture.