Do not let credit stab the sword.docVIP

 PAGE \* MERGEFORMAT 7 Do not let credit stab the sword Credit is an edged sword Since the 20th century, 90 years, the application of credit are increasingly being used in medicine, food, textile, machinery, etc. more heated competition in the industry, it is more common. According to incomplete statistics, every year is accomplished through the credit volume of transactions has reached 60-90%, and the total accounts receivable each year is still increasing every year. Undoubtedly, the credit can be extended through appropriate sales, increase market share, however, the enterprise is insufficient funds bad credit, liquidity problems, the actual lower profits, serious constraints and threats to the enterprise’s production and development. The United States Association of collection of statistics data show that more than half a year account for 57.8% recovery success rate, more than a year account for 26.6% recovery success rate, more than two years, only 13.6% of accounts receivable can be recycled. In reality, our firms are not indifferent to the accounts receivable is the lack of effective management, were as follows: there is no specific management, recycling and management in the accounts is unclear, sales department and finance department buck-passing resulted in a large number of accounts receivable accounts could settle down. Baiyun Mountain pharmaceutical companies in the absence prior to the implementation of credit management, accounts receivable have been as high as 1.1 million to the enterprise had a serious impact in all aspects. To establish a credit management mechanism The proportion of U.S. corporate credit as high as 90%, the proportion of Chinese enterprises is only 20% of the credit, and receivables, the average reimbursement period of 90.3 days, much higher than the international standard of 45 days in developed countries. More importantly, overdue receivables, the proportion of total sales revenue is too large, an average of between 40