Optimisation Of Accounts Receivable Risk Management At Z Logistics

The logistics industry has developed rapidly with the continuous advancement of the global economic integration process and competition has become increasingly fierce.Logistics enterprises often adopt credit sales to carry out their business in order to improve their competitiveness and gain a foothold in the market,resulting in a sharp rise in the total amount of accounts receivable of the company.Under the current logistics market conditions,credit sales are common among logistics companies and account for a large proportion of sales revenue,which increases the risk for the companies.As the overall social credit policy and regulation in China is still imperfect and the credit environment needs to be improved,most companies do not have a sound accounts receivable management system,which makes it difficult to collect accounts receivable and creates the risk of bad debts.High accounts receivable can lead to restricted liquidity,restrict the development of the enterprise and even cause the enterprise to close down due to lack of funds.Therefore,the research topic of how to manage accounts receivable and reduce the business risks associated with accounts receivable is of great relevance.As a logistics company,Company Z,like most enterprises,has a large amount of accounts receivable and difficulty in recovering them,which has affected its capital turnover and daily operations.Therefore,it is particularly important to strengthen the management of Company Z’s accounts receivable in order to reduce risks and improve the efficiency of recovery.This paper takes the risk management of Company Z’s accounts receivable as the research object.Based on the research of domestic and foreign scholars on accounts receivable risk management,it applies the theoretical knowledge of credit management and risk management,collects documents and relevant financial data of Company Z,and analyses the risk management system and the actual management effect of its accounts receivable.The risk evaluation index system for accounts receivable was established based on the risk factors,and the risk factors affecting the management of accounts receivable of Company Z were analysed from the internal and external environment.The hierarchical analysis method and expert scoring method were used to assign weights to and evaluate the risk of accounts receivable of Company Z.It was found that the overall rating of the risk of accounts receivable management of Company Z was 7.07 points,which was at a higher level.The risk management process factor of accounts receivable has the highest score,which is higher than the overall risk level of the company,indicating that the risk of accounts receivable of Company Z is mainly concentrated on the management process,followed by the influence of organisational management factors and financial control factors.Therefore,this paper proposes an optimisation strategy for accounts receivable management based on the theory of total management,starting from precaution,tracking and post-control,and making suggestions for optimisation in all aspects.The aim of this thesis is to improve the level of risk control of accounts receivable of Company Z.It is also expected that the research of this thesis will be helpful to other similar enterprises in controlling accounts receivable risk.