Improving payment approvals and release of accounts payables in Aster DM Healthcare, Inc.
Date of Publication
2017
Document Type
Master's Thesis
Degree Name
Master of Business Administration
College
Ramon V. Del Rosario College of Business
Department/Unit
Decision Sciences and Innovation
Thesis Adviser
Rachel A. Quero
Defense Panel Chair
Maria Victoria P. Tibon
Defense Panel Member
Reynaldo A. Bautista, Jr.
Frances Julienne Sarmiento
Brian C. Gozun
Abstract/Summary
Accounts payable plays a vital role inside an organization, as this is the last point of control before payment is sent to a supplier or vendor. This action research study addressed the issue of delayed payments to our suppliers due to the long processing time and release of our cheques. In our company, Aster DM Healthcare Inc. (Aster Philippines), the processing of cheque payments takes long because cheques are sent to Dubai for signing by our top executives. Our delayed cheque payments created problems with our suppliers and employees. In response to this, the first cycle of this action research established a cheque payment system that require only Philippines-based signatories as sufficient for faster processing time. The second cycle of this action research established an online payment release process to our suppliers by utilizing a banks expresslink system. For the conceptual framework, I applied the Committee of Sponsoring Organizations (COSO) of the Treadway Commission 2013 Internal Control- Integrated Framework, which guided the approach and interventions in this action research. The results improved our relations with our suppliers and enabled cost saving opportunities for our company.
Abstract Format
html
Language
English
Format
Electronic
Accession Number
CDTG007275
Shelf Location
Archives, The Learning Commons, 12F Henry Sy Sr. Hall
Physical Description
1 disc ; 4 3/4 inches
Keywords
Aster DM Healthcare Inc (Aster Philippines); Organizational effectiveness; Organizational change
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Recommended Citation
Pacapac, J. T. (2017). Improving payment approvals and release of accounts payables in Aster DM Healthcare, Inc.. Retrieved from https://animorepository.dlsu.edu.ph/etd_masteral/5559