Accounts Receivable Management

The relevance of the topic chosen for this dissertation research is determined by the fact that in the current economic conditions, it is more important for company executives to be able to manage the level of receivables in order to create opportunities for further development. Nowadays, more and more companies are beginning to think about what tools and mechanisms can be achieved to increase the number of transactions paid on time. Moreover, today in this area there is no single source that includes all possible tools for optimizing receivables, and recommendations for managing it are often quite abstract. The aim of the work is to study the theoretical and methodological approaches to the management of accounts receivable, the analysis of the management of accounts receivable at the company IRIS, and on this basis to identify problems and consider measures aimed at solving them. The first chapter deals with theoretical aspects in the field of receivables. The structure of current assets and the role of receivables in them are considered. Conducted research in the management of receivables, the proposed management methods make it possible, depending on the field of activity of the organization, to choose the best option. At the end of the first chapter, a number of tools are assembled to improve the quality of analysis of potential and existing counterparties, which can help in deciding whether to conclude a contract. The second chapter considers the activities of the IT company IRIS. The basic information of the company was reviewed, the main indicators of the financial component were analyzed, and the analyzed year was compared with the previous one. Also used current financial statements at the time of writing the dissertation. The analysis of the entire financial condition of the company was carried out and, on its basis, the company’s assessment and conclusions were made on the current state of receivables management, namely, conclusions about the need to make a number of changes to it. The third chapter reveals the main problems of the enterprise. Due to the specifics of the market, as well as the company's management, it faced a number of problems in receivables management. According to the information and conclusions obtained from the first two chapters, as well as from some representatives of the company, a strategy was developed to improve the efficiency of receivables management. At the end of the third chapter, approbation of the proposed measures was carried out and possible results from the implementation of the proposed measures were shown.