Strategies of Receivables Management in Multi-entity Organizations
- 10.2991/febm-18.2018.2How to use a DOI?
- Receivables; Group purchasing organizations (GPOs); Strategies
Receivables management is the most important area of financial management. Their level and a management policy have a decisive impact on the financial safety of enterprises. Receivables are the basic component of current assets. In general, short-term receivables (current receivables), i.e. receivables from customers are the largest share in the structure of receivables. Managers are still looking for some tools, methods of managing them, which will enable them to manage such a policy that will allow their quick impact without the risk of losing a contractor. Consumers operating in the functioning market gain large opportunities to manage receivables from customers in group purchasing organizations, capital groups and clusters. Joint operation allows using certain tools and methods that improve the receivables management process. The aim of the article is to present the strategy of managing receivables in group purchasing organizations. They were divided into branch and multi-branch ones. Purchasing groups are most often associated with the purchase process, the effect of scale. However, the joint action has a strong impact on building a receivables management strategy. The analysis was carried out on a group of 70 Polish small trade enterprises. The research was carried out on the basis of financial statements for the years 2014-2016. Selected financial ratios and statistical methods were used for the research.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Grzegorz Zimon PY - 2018/12 DA - 2018/12 TI - Strategies of Receivables Management in Multi-entity Organizations BT - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018) PB - Atlantis Press SP - 5 EP - 9 SN - 2352-5428 UR - https://doi.org/10.2991/febm-18.2018.2 DO - 10.2991/febm-18.2018.2 ID - Zimon2018/12 ER -