Main trends of corporation accounts receivable optimization

Abstract

© 2019, Dorma Journals. All rights reserved. Accounts receivable, being the most important factor of the positive cash flow of any company, is under close attention of its management. The definition and maintenance of receivables at an acceptable level allows a company to solve the problems of its obligations to creditor repayment timely and to predict cash flows. In this regard, the systematic approach to the formation of a portfolio of debtors is of particular importance, taking into account the specifics of a company. This article discusses the main trends of counterparty obligation optimization of an enterprise through factoring mechanisms, mutual claim offset and debt restructuring. Debt optimization does not come down to work with problem customers. This process is ongoing and covers two aspects, both at the formation stage and in relation to the existing debt structure. The choice of a financial mechanism must be made on the basis of a counterparty credit rating compilation, which is necessary for companies from the perspective of the temporary aspect of cash resource receipt. This proposal is interesting in the practice of a particular financial scheme selection. The practical part of the article is devoted to specific calculations of financial instrument use such as factoring and debt restructuring. The advantages and disadvantages of each of them are shown and attention is paid to the timeliness of their application, since the real value of money received as the implementation result of these schemes will differ from their nominal value. Specific calculations are based on the official reporting of "KAMAZ" PJSC, which also allows us to conclude that the article is of practical importance.