Credit Controller
From : Heru Wibowo
Date : 19th February
The financial press reports that many new hotels and restaurants are on shaky ground and there may be bankruptcies occurring.
1. We must tighten up on our credit terms and collection activities.
2. We must aim to reduce our average collection period from the present 60 days to 40 days – or better.
Even with these controls we may get caught :
I am concerned about the hotel in Bali. They have been given generous credit.
Please report what specific measures you are taking.
