Assistance in Implementing Strategies to Minimize Uncollectible Receivables at PT Prima Karya Nusa

Abstract

The main goal that business owners want to achieve is profit. It is not uncommon for companies to be willing to take risks to achieve these goals. One of them is providing sales credit which has the possibility of becoming a bad debt. Based on the results of interviews and discussions with Chief AR Prima Karya Nusa, it is known that currently the company still has many uncollectible receivables due to a lack of control over receivables. Thus, through this service it is hoped that we will be able to provide assistance on new strategies to reduce the percentage of bad debts. These strategies include 5C analysis, tightening receivables reporting and receivables collection scheduling, regularly following up with the sales team and customers, writing warning letters, and suspending orders. Based on the results of assistance for 3 months, it is known that there have been significant results, where there have been receivable installments and clear information regarding payment schedules for customers who have long been due. Even though the receivables problem has not been completely resolved, with the implementation of this strategy quite good changes have been seen.