Recent surveys show the need for the implementation of receivables management in business practice. The key role of receivables management is the effective management of company's claims to ensure payment properly and on time. This process can be divided into three parts, namely prevention, monitoring and debt recovery. The selection of business partners plays a key role in the first phase of receivables management. This article is focused on predicting the financial health of business partners based on selected quantitative and qualitative indicators. Company's business partners were divided into four groups based on the achievements of selected indicators. Finally, we set some recommendations for each group.
Bad debts, prediction of financial health, receivables management, trade credit.
The authors are with the University of Zilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics, Univerzitna 1, 010 26 Zilina, Slovak Republic (e-mail: email@example.com, firstname.lastname@example.org, email@example.com).
Tomas Kliestik, Anna Siekelova, and Maria Misankova, "
Financial Health Prediction of Company’s Business Partners Based on Selected Quantitative and Qualitative Indicators," Journal of Economics, Business and Management vol. 5, no. 3, pp.