Research On Financial Risk Control Under The SaaS Model Of Linklogis Enterprise

Financing difficulties are long-term challenges faced by small and medium-sized enterprises.Traditional financing channels have many problems,such as high financing thresholds,high financing costs,and small financing scales.The 14 th Five Year Plan proposes the requirement to enhance the modernization level of industrial and supply chains,in order to promote the optimization and upgrading of the economic system.Supply chain finance plays an important role in solving the financing difficulties of small and medium-sized enterprises.Due to the favorable policy environment and strong market demand,there are enormous development opportunities,and financial technology is rapidly developing in China.However,the development time of fintech in China is still short,and some fintech enterprises are still in their early stages,facing the risks and uncertainty of economic consequences brought by fintech.In today’s increasingly accelerating international and domestic competition,financial technology enterprises,as third-party enterprises in supply chain transactions,are facing the threat of risk transmission in the supply chain.Therefore,fintech companies urgently need to strengthen their control of financial risks to ensure their long-term stable development.As China’s first supply chain fintech Saa S model,Linklogis,the market share of the Saa S model of the listing of software service business,ranked first in market share for many years,and has certain typical and representativeness.This article uses Linklogis as the case research object.The purpose of research is to provide control suggestions for the financial risks faced by financial technology enterprises to develop supply chain financial business.At the same time,theoretical research has enriched the research on supply chain finance,fintech Saa S model and financial technology enterprise financial risk control,providing ideas for financial risk control for supply chain financial service companies,and increasing the attention of all parties to supply chain finance,The financial risks of third-party enterprises in the supply chain are innovative.This article uses the case analysis method with Linklogis Technology Group as the research object to introduce the current status,financial status and financial risk control of Linklogis.The use of quantitative analysis methods,based on financial risk management theory,use the Z-SCORE model for overall risk recognition,and conduct funding risk identification,investment risk identification,operating risk recognition,and profit distribution risk identification based on information such as annual reports and other information.Using qualitative analysis method,based on information asymmetric theory,trading cost theory,and capital structure theory,analyze the financial risk sources of Linklogis Technology Group,and use hierarchical analysis to evaluate financial risks.Through the overall study of the case,the following conclusions can be drawn: First,from 2018 to 2022,Linklogis is currently facing higher financial risks.Among them,the operating risk is the highest,and the funding risk is closely followed.Low,finally the risk of income distribution.Second,the financial risk management system of Linklogis is still not perfect.Although Linklogis has realized the existence of financial risks,the control methods adopted are not effective enough.Enterprises should continue to optimize the existing financial risk control system.In this regard,this article puts forward financial risk control suggestions for Linklogis from four perspectives: fundraising risk,investment risk,operating risk and income distribution risk.