July 31, 2018

Revision of ME collection and template

Please consider this:

Objective:

     1.  To have more cash balances
     2.  To balance the payment of Com to agents and receipt of ME

Reality:

1.  We pay a total of 17% to sellers (to sales Director) in one year thus depleting our NCR for year 1;    however we receive all of ME in 5 years.  Thus we have to advance ME in year 1 and we wait for 5 years

WTDN next:

1.  Pay the com from a com revolving fund to simplify the computation of expenditures and so that we have greater control of payment.  Pay only when:  there are:   deposit slips and PPA  (supporting documents for reimbursement)

     AP replenish promptly.

     Add AP if needed to support prompt replenishment

2.  Prospectively for Malasiqui and other projects. COLLECT THE ME IN TWO YEARS ONLY instead of 5 years as is the practice now.

    Change the template for abstract accordingly

3.  Relaunch Malasiqui and Calamba bangin ASAP.... (CONDUCT A SALES MEETING

HR can we ask the three participants take a peek at this tomorrow?

--
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