Measures to reduce financial costs through better Cash Management

Measures to reduce financial costs through better Cash Management
Last Date Nov 01,2014 04:15 AM IST (GMT +5.30 Hrs)
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Suggest measures to achieve reduction in financial costs through better Cash Management System

Suggest measures to achieve reduction in financial costs through better Cash Management System

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SHANMUKHA VENUGOPAL 4 years 10 months ago

Salary payment disbursement may be done in two instalments into employees a/c.
Company/ organisation may transfer monthly salary amount of employees into a common pool a/c from where disbursement to employees may be made in two instalments one on end of the month another on 15th of the following month.
Organization should have arrangement with banker to earn higher interest rate for common pool a/c for maintaining huge short funds.