8
experienced
a
huge
growth
that
off
course
require
even
more
money to
finance
the
operational activities.
During
2008
and
2009,
there
as
a
negative
cash
flow
from
operating activities.
In
order to
balance
them out,
there were
huge positive cash
flow
as the result of financing activities, mainly through loans.
Financially,
in
the past couple of years, the company
has always been
heavily
supported by
its
regional
head
office.
Short
loan
can
always
be
requested from
the
regional office to
fund operational activities
if
needed. However, starting
in 2010, the
head
office
started
a
‘self
funding’ initiative that
applies
to
all
of
its
subsidiaries.
It
means
that
PT
Agility
International
can
no
longer
request
any
short
term
funding
from
corporate to
support
its
operational activities.
Moreover, the
situation
became
more
complex
since
the
company also
can
no
longer obtain
any short
term
funding
from the corporate appointed bank due to its limitation on its credit platform.
Like
in
any other companies, when there
is
a
cash
flow problem, receivables
turnover become
the
first
thing
to
be
evaluated.
In
order
to
improve the
inflows
of
receivables,
the
company
needs
to
evaluate
the
business
process
that
might
potentially become
the
bottle
neck
for
receivables collection. The business process
is
a
cross
functional process
that
started
with sales,
customer service, operation, quality
control
and
ended
up
with
finance
and
accounting
department.
Sales
and
customer
service
departments responsible for
order
receipt
process.
After order
receipt process
is
done,
operation and
quality control
will
take
care
of
order
and
billing
process.
Lastly,
finance
department
will
be
responsible
for
collection
process.
Any
delayed
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