RECEIVABLES MANAGEMENT IN THE GLOBAL ECONOMY

This article deals with receivables management of a company in the global economy. Receivables management of a company helps managers make the right decisions in the management of receivables and thus contribute not only to the health of the company, but also to attract new and retain existing customers. Through it, the company eliminates the weaknesses in settings of providing and managing of trade credit, which could in future lead to some problems. On the other hand it can reveal strengths that can help the company to gain competitive advantage. Although the management of receivables is considered to be essential for financial management, companies do not give it sufficient attention. Receivables management, if we can call it that way in some companies, is only subsequent reaction - steps that the company takes to reverse the undesirable state of receivables. Effective management of receivables can certainly be considered a complex system, which must react to demands of customers, must adapt to certain settings on the market and must also take into account the financial capacity of the company providing the trade credit. Receivables management must ensure the optimal amount of working capital that is tied up in trade receivables of the company.