Cash Management Optimization Strategy to Reduce the Risk of Delayed Payment Obligations for PT. Bukaka Teknik Utama Site Duri

Andini Larasati; Bagus Panuntun

doi:10.55927/fjmr.v4i7.305

Authors

Andini Larasati Universitas Islam Indonesia
Bagus Panuntun Universitas Islam Indonesia

DOI:

https://doi.org/10.55927/fjmr.v4i7.305

Keywords:

Cash Management, Optimization Strategy, Cash Flow, Accounts Payable and Receivable Management, CB-Ledger Digital Financial System

Abstract

This study aims to analyze the cash management optimization strategy to reduce the risk of delay in payment obligations at PT Bukaka Teknik Utama Site Duri. The main problem faced by the company is the imbalance between cash inflow and urgent operational expenses, which is triggered by the delay in disbursement of receivables from major clients and suboptimal distribution of funds from the head office. The method used in this study is a quantitative approach with multiple linear regression analysis. The independent variables tested include payables and receivables, while the dependent variable is cash flow. The results of the study indicate that payables have a significant effect on cash flow, while receivables do not have a significant effect. The coefficient of determination (R²) of 92.5% indicates that the regression model is able to explain variations in cash flow substantially. Based on these findings, the recommended optimization strategies include managing and rescheduling debt payments, increasing the autonomy of fund management at the site level, and developing digital features of the CB-Ledger financial system to be more adaptive and responsive to liquidity pressures. This study provides a practical contribution to increasing the effectiveness of the cash management system of site-based project companies.

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