Guidelines to Enhance Advance Cash Loan Management Efficiency in Higher Education Institutions
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Abstract
This study was to analyze factors affecting the efficiency of advance cash loan management, compare best practices from other universities, and propose an improved management framework for Prince of Songkhla University, Phuket Campus. A quantitative research approach and document analysis were employed, utilizing secondary data from monthly financial reports, the Express accounting system, and loan transaction records from the financial and asset management unit for the fiscal years 2021–2023. The Findings indicated that key challenges affecting the efficiency of loan management include inadequate budget planning, ineffective debt monitoring, complex repayment processes, and technological limitations. The majority of overdue debts 92.47% were less than 30 days old, while debts exceeding 60 days accounted for only 0.95%. However, this long-term debt remains a financial risk requiring preventive measures. Additionally, urgent advance cash loans comprised 21.29% of total loans, with the Andaman International Health Center reporting the highest proportion 49.30%. To address these challenges, this study proposed the AUDITS Model as a structured framework encompassing budget planning, personnel training, systematic debt monitoring, enhanced financial reporting, technology integration, and streamlined approval processes. Implementing these strategies can enhance debt tracking accuracy, reduce overdue debts, and strengthen the university’s financial sustainability in the long run.
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