Hillside casr study 3 Essay Example | Topics and Well Written Essays - 750 words

Hillside casr study 3 - Essay ExampleThe dodge holds relevant capacity and it is make up to improve interchange management. It seeks to streamline currency collection, Administration of records and determination of give notice figures that would be sustainable.It is significant for the financial administrators at Hillside rail to establish and understand the processes that the new billing system presents. This is to enable development of accurate decisions on when and at what point they should issue the discount with an aim to eliminate misappropriations or realization of dismal performance in the future. In particular, the new system presents a streamlined structure that defines cash collection effectively. The structure enables individuals to make credible choices from the available options based on set guidelines to boost performance (Barnard, 2008). The administration in a pursuit to improve student enrolment and effective collection of cash seeks to employ a discount strat egy for individuals who make quick-frozen payments.This is to ensure early payment of fees by students that would help in facilitating effective financial planning. In any setting, provision of cash discount influence consumers positively. Indeed, the new billing system presents a credible cash collection department where the discount figure should be developed. That is, the discount provided to fixed payees should be sorted at the accounts department to promote accuracy and accountability. The process would foster efficiency and effectiveness in terms of fee payment and collection. The school plans to give 5% discount to students who make flying payments basic on fixed terms.The figure shows the cash transaction system where fee is collected from tutelage and after care service centers. The system is to be upgraded with a discount payment program to facilitate the new initiative that is aimed at encouraging prompt payments. It stipulates that 5% discount is to be provided to stu dents who make