Upravljanje s terjatvami do kupcev za obdobje 2004 – 2007 v podjetju X

The problem of the Slovenian business world is financial indiscipline, which has eaten into all segments of business operations like a virus. Non-payment has become something completely ordinary in the mindset of many, which leads to a vicious circle. The state is attempting to resolve the problem through legal regulation and by accelerating court proceedings. An interesting international comparison by Prašnikar et al. has shown that the period of receivables binding is significantly more dependent on the country in which the company operates than on the sector in which it operates. According to the results of the French study by Alteres, the average payment delay in Europe is improving.

Problem

The problem of the Slovenian business world is financial indiscipline, which has eaten into all segments of business operations like a virus. Non-payment has become something completely ordinary in the mindset of many, which leads to a vicious circle. Outstanding receivables and the difficult and lengthy path to settlement require a comprehensive and systematic approach, people who deal with this regularly, and consequently independent debt collection means additional costs and still little possibility for settlement of the entire debt.

Debt collection is not successful only when the receivable is successfully collected, but success is complete when the collection is carried out in a manner that does not affect business relations between the creditor and the debtor. I believe you are wondering whether such a method of debt collection even exists, that we claim from someone and at the same time remain in good business relations with them. I believe that the goal of economic entities on the market is quality performance of their primary activity, but on the other hand, timely payment for work well done is also necessary, as only in this way can a company be successful, competitive and rapidly growing on the market.

In the introduction, she presented company X d.o.o., defined the purpose, objective and thesis of the diploma thesis. What follows is an explanation of the concepts of liquidity, what liquid assets are and measures to improve liquidity. Furthermore, she presented the concept, types, temporal definition of solvency, factors, measurement of solvency and measures.

In the fourth part, she addressed payment discipline and indiscipline in general, what it is and where we can look for its causes. She described in more detail how to collect money that is in receivables and measures against financial indiscipline that a company can use. This was followed by an explanation of the situation of international payment habits.

Payment indiscipline is namely quite a pressing problem in most European countries. At the end, she summarised the findings and verified whether she had achieved the purpose of the diploma thesis. The author in the diploma thesis found that payment discipline is a pressing problem for both the Slovenian and European economies in general.

Solution and Method

The state is attempting to resolve the problem through legal regulation and by accelerating court proceedings. However, it would be necessary to develop more strongly the awareness of entrepreneurs that they simply do not do business with those who do not pay regularly.

Results

An interesting international comparison by Prašnikar et al. has shown that the period of receivables binding is significantly more dependent on the country in which the company operates than on the sector in which it operates. According to the results of the French study by Alteres, the average payment delay in Europe is improving. The persistent improvement that has been witnessed over the last three years is unfortunately smaller each year.

Another interesting finding is that the average approved payment terms between European countries range from 30 to as much as 90 days; likewise, there is also a significant difference in the average number of days of delay, which ranges between 9 and 24 days. She is convinced that company X d.o.o. is aware of the problem of payment indiscipline, as they have begun to pay great attention to the collection of overdue obligations. The author in the diploma thesis described the problem of deciding on the transfer of debt collection operations to an external company, in their case company Y d.o.o.

In the specific case, it turned out that the authorised company was ineffective, slow, and at the same time the costs exceeded all expectations. The problem of payment indiscipline is particularly pressing in small business. This will continue until appropriate penalties are prescribed for payment indiscipline, companies' delays with their payments and their rational behaviour, as only in this way will they secure a cheaper source of financing.

The purpose of the diploma thesis was to verify the cost-effectiveness of debt collection within one's own company compared to the transfer of such operations to an authorised company outside the house. I am pleased to state that the company made the right decision when it decided on debt collection within the company. This is supported by the results that she presented in this diploma thesis.

Despite the results of this analysis, I believe that not all companies that deal with debt collection are so unsuccessful. Perhaps we were not fortunate in our choice of external company. Not only their company but also others are aware that non-payment is a topic that is quite exposed in the media.

Companies are increasingly aware. They are aware of the costs they incur if they do not pay. Companies are also increasingly aware of the embarrassment when they have to lie on a telephone call from their supplier about when a particular receivable will be settled, and that they are aware of the importance of regulating payment discipline for success, especially in a period of increasing opening to the European and world market and international competition.