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"Accounts receivable"
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The guide to getting paid : weed out bad paying customers, collect on past due balances, and avoid bad debt
Discusses how to set up an efficient in-house credit policy that not only lets you collect more debts, but also boost sales, increase cash flow, and grow profits. These step-by-step credit management instructions also contain all needed forms to set up and implement an effective credit policy.
Book
Evolutionary Game Analysis of Blockchain Technology Preventing Supply Chain Financial Risks
Because of the risks existing in supply chain finance, taking accounts receivable factoring business as the research object, this paper uses the evolutionary game method to analyzes the factors affecting the decision-making of the participants in supply chain finance, constructs an evolutionary game model between small and medium-sized enterprises and financial institutions, and analyzes the mechanism of blockchain to solve the financial risks of the supply chain by comparing the changes of evolutionary stability strategies before and after the introduction of blockchain technology. This paper aims to reduce financing risks by analyzing the mechanism of blockchain technology in supply chain finance. It is found that, firstly, blockchain technology can reduce the credit risk of financial institutions and solve financing problem. Credit risk plays a decisive role in whether financial institutions accept financing business decisions. Blockchain technology can reduce the operational risk of financial institutions and improve the business income of financial institutions. Secondly, the strict regulatory environment formed by blockchain technology makes the default behavior of small and medium-sized enterprises and core enterprises in a high-risk state at all times. No matter the profit distribution proportion that small and medium-sized enterprises can obtain through collusion, they will not choose to default, which effectively solves the paradox that small and medium-sized enterprises cannot obtain loans from financial institutions despite the increased probability of compliance. Then, the evolutionary game between financial institutions and small and medium-sized enterprises is balanced in that financial institutions accept business applications, small and medium-sized enterprises abide by the contract, and the convergence effect is better. Therefore, blockchain technology not only reduces the financing risk of financial institutions but also helps to solve the financing problems of small and medium-sized enterprises.
Journal Article
Accounts receivable management in transport organizations
In a crisis in the international settlement system, there is a need to strengthen payment discipline and accelerate payments. The consequences of the COVID-19 pandemic have also led to a reduction in the liquid means of transport organizations and also increased the problem. Acceleration of repayment of accounts receivable increases cash security. The methods of accounts receivable management integrated into the system based on a client-oriented approach are investigated. The proposed system allows you to track the balances of accounts receivable, comparing them with sales volumes and turnover indicators. The concept of the cycle of accounts receivable circulation is formulated. It is revealed that the existing indicators of turnover of accounts receivable and the volume of sales do not accurately reflect the quality of repayment of accounts receivable, the relationship between these indicators is not revealed. They do not disclose the possibility of additional release of funds from settlements with debtors. To solve this problem, a new indicator has been introduced – the rate of repayment of receivables. An approach is proposed to substantiate the expediency of accelerating payments based on the elasticity of revenue from the sale of transport services to the rate of repayment of receivables.
Journal Article
Three-Party Stochastic Evolutionary Game Analysis of Supply Chain Finance Based on Blockchain Technology
In the process of accounts receivable financing under supply chain finance, the phenomenon of accounts receivable forgery and default have caused great pressure on the supervision of financial institutions. We consider the integration of blockchain technology with a supply chain finance platform around the fraudulent default phenomenon in supply chain finance receivables financing and construct a three-party stochastic evolutionary game model among financial institutions, core enterprises, and Micro, Small, and Medium Enterprises (MSMEs). Firstly, we use Ito^’s stochastic differential equation theory to analyze the conditions for the stability of the behavior of game subjects. Secondly, we use numerical simulations to quantitatively analyze the impact of the regulatory strength of financial institutions, the information sharing of the blockchain platform, and the change of incentive parameters on the strategy choice of game subjects. Through the above analysis, we conclude that the information-sharing incentive coefficient promotes financial institutions to choose to connect to the blockchain platform, and the information-sharing risk coefficient and the regulatory intensity have the opposite effect on the blockchain platform construction. Meanwhile, the allocation of incentive shares has a significant influence on the core enterprises. Finally, we give priorities and directions for adjusting the relevant parameters to provide recommendations for financial institutions to regulate the financing process more effectively.
Journal Article
Research on the Application of Blockchain Technology in Coal Supply Chain Finance
The implementation of measures to limit electricity consumption in many provinces of China has caused coal prices to rise irrationally, further aggravating the financing problems of small and medium-sized enterprises in the supply chain. Small and medium-sized enterprises lacking funds cannot effectively participate in the green transformation and development of the coal industry, which slows down the sustainable development process of the coal industry. Under the current background of low-carbon advocacy, blockchain technology can reasonably allocate resources and efficiently process information, thereby providing a solution for this financing problem. This paper first proposes a coal accounts receivable financing model based on blockchain technology, then builds a coal accounts receivable financing system dominated by ports through blockchain technology. Finally, the Stackelberg yield–benefit model is used to analyze the income function of each participant in the process of accounts receivable financing. The results show that the use of blockchain technology can reduce the financing condition of financial institutions and improve the maximum income of cooperative enterprises in the chain while solving the financing problems of small and medium-sized enterprises in the coal supply chain. This study provides practical significance and theoretical value for promoting the transformation and upgrading of coal enterprises and accelerating the opening of the sustainable development model of the coal industry.
Journal Article
Multi-Party Evolutionary Game Analysis of Accounts Receivable Financing under the Application of Central Bank Digital Currency
Accounts receivable financing is one of the most prominent financing approaches in supply chain finance; nevertheless, in the actual financing process, financial institutions and SMEs have credit risk and information asymmetry risk, which leads to frequent nonpayment and collaboration fraudulent loans. This paper introduces central bank digital currency into traditional accounts receivable financing and solves the credit risk and information asymmetry risk using two technologies of central bank digital currency: digital technology and blockchain technology; digital technology enables the supervision of capital flow, and blockchain technology enables for access to logistics and information flow. In the context of using central bank digital currency technology, this paper builds an evolutionary game model of whether financial institutions use central bank digital currency and whether SMEs repay the loan, compares the evolutionary stabilization strategies of financial institutions and SMEs, calculates and analyzes the model’s impact, investigates changes in the decision-making and evolutionary paths of both parties, and then conducts numerical simulation analysis using Matlab and Python to verify the model’s reliability further. According to the results, adding central bank digital currency to the traditional accounts receivable financing model can reduce the loan risk of financial institutions, increase the credibility of accounts receivable financing, expedite the implementation of accounts receivable financing, and alleviate the financing concerns of SMEs.
Journal Article
The joint effects of lead time, information sharing, and the accounts receivable period on reverse factoring
Purpose
The purpose of this paper is to empirically investigate the joint effects of lead time, information sharing and the accounts receivable period on reverse factoring (RF) adoption from the suppliers’ perspective.
Design/methodology/approach
Supported by one of the largest commercial banks in China, survey data are collected from 424 Chinese manufacturing firms and analyzed using regression methods.
Findings
The results suggest that lead time positively affects suppliers’ RF adoption directly and indirectly through the accounts receivable period. Meanwhile, information sharing has a positive, direct and a negative, indirect influence on suppliers’ RF adoption.
Originality/value
The findings give suppliers and financial institutions a better understanding of how to leverage the benefits of RF.
Journal Article
A Comparative Study on Traditional vs. Blockchain Financing for Deep-Tier Suppliers Considering the Time Value of Capital
Traditional downstream-initiated accounts receivable financing (TF) is often constrained in assisting immediate upstream suppliers. Conversely, blockchain-enabled accounts receivable financing (BF) offers an efficient solution for deep-tier suppliers to bridge capital gaps and ensure smooth production processes. This study constructs a three-level supply chain model comprising a capital-constrained tier-2 supplier, a similarly constrained tier-1 supplier, and an established retailer. To alleviate financial strain among suppliers, we analyze and compare two financing mechanisms: TF and BF. The investigation explores the effects of blockchain adoption and the time value of capital on a multi-tier supply chain. Our findings indicate that while BF typically features a lower interest rate than TF, it may still perform less favorably under certain conditions. Specifically, when the time value of capital for the tier-1 supplier is sufficiently high, the profitability of all supply chain members under BF falls short of that achieved through TF. In other words, adopting blockchain is not universally the best strategy for multilevel supply chains. Additionally, we delineate the impacts of the accounting period and financing rates on the optimal choice of financing model. These insights provide substantial evidence and managerial guidance regarding the appropriate circumstances for blockchain adoption and its interplay with accounts receivable financing.
Journal Article
Firm Performance of Saudi Manufacturers: Does the Management of Cash Conversion Cycle Components Matter?
The purpose of this study is to examine the liquidity management of a corporation. It aims to examine how managing cash conversion cycle components affects corporate performance. A dataset of 88 firms listed on the Saudi Stock Exchange between 2018 and 2022 was analyzed using both pooled OLS and fixed effects regression models. A sample of 84 firms listed on the Saudi Stock Exchange for the period from 2018 to 2022 was used. Both the pooled OLS and the fixed effects regression models were used. This study’s key findings are: (1) there is a strong negative correlation between the time it takes to convert inventory into sales (inventory conversion period) and firm performance. If inventory does not sell quickly, profit tends to be lower. (2) Firm performance demonstrates a strong inverse relationship with the duration it takes for companies to collect cash from customers, commonly known as the accounts receivable collection period. A short accounts receivable collection period may become collectible and increase a business’s profitability and performance. (3) There is a highly significant negative link between the time taken to pay creditors (days payable outstanding) and firm performance. A short average payment period, indicated by a low payment period, suggests that the firm is promptly settling its bills and obligations without any delays.
Journal Article