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September 2020 (published: 28.09.2020)
Number 3(42)
Home > Issue > Analysis of Enterprise Receivables Management Methods
Alekseeva L.D. , Bombin A.Yu.
The article discusses the problem of determining effective methods for managing the receivables of an enterprise, the relevance of which is currently due to economic turbulence and the lack of certain methods for managing the liabilities of customers in organizations. The authors cite a grouping of methods and instruments for managing receivables and consider each of them in stages. Provisions are analyzed to determine the optimal type of credit policy to maintain the normal level of profitability of the enterprise and financial stability, and to assess the degree of reliability of potential counterparties by indicators of their activities. In addition, the article analyses the various ways of collecting receivables: legal, psychological, economic, and refinancing of receivables. Attention is focused on the last method of collecting receivables - refinancing, and its tools. Based on the analysis of receivables management, the authors propose a scheme consisting of a consistently structured algorithm for managing receivables: timely monitoring of receivables, determining customer lending policies, analyzing and compiling counterparty ratings, controlling the "aging" of debts, planned maturity dates, determining how to accelerate the calculations of counterparties. Based on the analysis of the methods and methods of receivables management, the authors assume that the effectiveness and efficiency in the management of receivables is achieved provided that the system of measures is used. The authors suggest that enterprises apply the recommendations outlined in this article in order to achieve the greatest effect of the counterparty liability management process, as well as pay attention to the use of an effective decision-making system, through which it is possible to optimize receivables and increase the overall level of profitability of the enterprise.
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Keywords: receivables, conversion, refinancing, financial management, working capital, financial sustainability.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 658.153
Analysis of Enterprise Receivables Management Methods
The article discusses the problem of determining effective methods for managing the receivables of an enterprise, the relevance of which is currently due to economic turbulence and the lack of certain methods for managing the liabilities of customers in organizations. The authors cite a grouping of methods and instruments for managing receivables and consider each of them in stages. Provisions are analyzed to determine the optimal type of credit policy to maintain the normal level of profitability of the enterprise and financial stability, and to assess the degree of reliability of potential counterparties by indicators of their activities. In addition, the article analyses the various ways of collecting receivables: legal, psychological, economic, and refinancing of receivables. Attention is focused on the last method of collecting receivables - refinancing, and its tools. Based on the analysis of receivables management, the authors propose a scheme consisting of a consistently structured algorithm for managing receivables: timely monitoring of receivables, determining customer lending policies, analyzing and compiling counterparty ratings, controlling the "aging" of debts, planned maturity dates, determining how to accelerate the calculations of counterparties. Based on the analysis of the methods and methods of receivables management, the authors assume that the effectiveness and efficiency in the management of receivables is achieved provided that the system of measures is used. The authors suggest that enterprises apply the recommendations outlined in this article in order to achieve the greatest effect of the counterparty liability management process, as well as pay attention to the use of an effective decision-making system, through which it is possible to optimize receivables and increase the overall level of profitability of the enterprise.
Read the full article
Keywords: receivables, conversion, refinancing, financial management, working capital, financial sustainability.
DOI 10.17586/2310-1172-2020-13-3-22-34