Study On Accounts Receivable Management Of ShunFeng Express Holding Co., Ltd

Logistics enterprises often adopt the "delivery first,pay later" mode of credit sales,through increasing market share to cope with unknown risks and challenges.However,in the long run,taking the means of credit sales to occupy the market will lead to excessive increase of accounts receivable,increasing proportion of bad debts year by year,delayed cash recovery or even unable to recover and other problems,which will affect the economic benefits and capital turnover efficiency of enterprises.In serious cases,enterprises will fall into financial crisis and it is difficult to continue operation.The study on receivables management of logistics enterprises is of great importance to their operation and development.Therefore,this paper selects SF Holding Co.,LTD.(hereinafter referred to as "SF Holding"),a leading enterprise in the logistics industry,as the research object,analyzes its problems in the process of receivables management,finds out the specific reasons,and puts forward specific optimization measures.This paper first briefly describes the research background and research significance,using literature analysis to review the relevant literature,and introduced accounts receivable internal control theory and credit management theory.Secondly,it introduces the development history and business segments of the enterprise,takes SF Holding as an example and analyzes and studies the financial data related to accounts receivable in its financial statements from 2017 to 2021,and describes the current situation of accounts receivable management of SF Holding.Then it is found that there are the following problems in the process of accounts receivable management: sharp increase in management costs,weak awareness of credit management risk,inconsistent overdue receivables treatment,insufficient liquidity of funds.Next,this paper analyzes the existing problems and finds out the specific reasons: first,excessive pursuit of sales;Second,the credit management system is not perfect;Third,the collection policy is too loose;Fourth,accounts receivable management is improper.Finally,this paper puts forward the following measures to optimize accounts receivable management: control management costs,improve credit management system,strengthen accounts receivable collection management,improve capital liquidity,and then draw the conclusion of this paper,aiming to play a positive role in the accounts receivable management of SF Holding.As a leading enterprise in the logistics industry,SF Express Holdings’ accounts receivable management research is of reference significance to the operation and development of other enterprises in the domestic logistics industry.