1. Finance Group TOP 5 (2Q 2014)
Target Time Line
1. Accounts Receivable – Vehicle Reconciliation
On or before End of 2nd Quarter
be able to report a correct balance of AR-Vehicle in the Balance Sheet
2. Control, Reduction, and Monitoring of Document Deficiencies
Process to stop new Doc. Def.
Reduce P128M existing Doc. Def. by 50%
Regular Monitoring and Reporting of Doc. Def.
3. Full Implementation of Daily Collection Activity Monitoring and Reporting System
Following the science of Daily Collection Activity will definitely result to better Collections
4. Full Implementation of Treasury Cash Management and Forecasting System (Phase 1)
To forecast and fund cash requirements in advance
5. Loans Ready for Drawdown
P1.0 B BDO for Bonifacio
P0.5 B Chinabank/BPI/RCBC
New Lines from new banks for working capital