Cost Comparison Tool

TOTAL BDT THAT CAN BE SAVED BY PAYMENT DIGITIZATION                                 PROCESSING TIME
( RED + BLUE )                                                       217781.25      SAVED (Hours)


Input: People involved in the salary disbursement process
Position
                                                                  (Insert) Salary Daily Rate
Account Manager                                                        60000              3000
HR/Admin Manager                                                       60000              3000
Assitant Manager                                                       35000              1750

Time Keeper/Floor in Charge
                                                                      25000                1250

Production Supervisor
                                                                      35000                1750
Task                                                                            Cash Based
                                                                   Time (HRS)           Cost (BDT)
UPTO PLACING DISBURSEMENT REQUEST TO HO                                               Same Process for cash and
A. CHEQUE COLLECTION FROM HEAD OFFICE (Transport cost: Factory
to head office, head office to bank, bank to factory)
                                                                                                    2000
Accounts Manager                                                                5                   1875
Assistant Manager                                                               5                 1093.75
B. CHEQUE ENCASHMENT
Accounts Manager                                                                2
C. SAFELY BRINGING THE CASH TO FACTORY(Cost Components:
Transportation, Insurance, Security, Money to Police)
                                                                                                   20000
Accounts Manager                                                                4
D. DISTRIBUTION OF SALARY SLIP STATING TOTAL WAGE PAYMENT
WITH STAMP                                                                                         25000
Accounts Manager                                                                2                    750
Assistant Manager                                                               2                   437.5
E. COLLECT CASH FOR EACH FLOOR/DIVISION
Floor Supervisor/Production Supervisor                                          8                 1250
F. SALARY DISBURSEMENT AND SIGNATURE                                                             10000
Accounts Manager                                                              4                   1500
Assistant Manager                                                             4                    875
Floor in Charge                                                              16                   2500
Loss of production hour                                                    5000                 150000
Counterfeit/Torn Notes                                                                             500
Total Time Cost (Time cost+lost production hour)                                             160281.25
Other Costs (Marked in Blue)                                                                     57500
                       52



                                          Variable
           Hourly Rate                                                       Value
               375                        Number of Workers                          5000   43.55625
               375                        Number of Floors                            4
              218.75                      Cost of Revenue Stamp                       5
                                          Average hours spent by worker to
                                          collect wage (salary slip, cash
              156.25                      collection, signature)                      1

                                          Hourly Wage of workers
                 218.75                                                               30
                     MFS Based
              Time (HRS) Cost (BDT)
Process for cash and


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                                                   Cost Comparison Tool

TOTAL BDT THAT CAN BE SAVED BY PAYMENT DIGITIZATION
                                                                                   TIME SAVED (Hours)
( RED + BLUE )                                                                 0

Input: People involved in the salary disbursement process
Position
                                                                  (Insert) Salary Daily Rate
Account Manager                                                                            0
HR/Admin Manager                                                                           0
Assitant Manager                                                                           0

Time Keeper/Floor in Charge
                                                                                           0

Production Supervisor
                                                                                           0
Task                                                                         Cash Based
                                                                    Time (HRS)       Cost (BDT)
UPTO PLACING DISBURSEMENT REQUEST TO HO                                            Same Process for cash and
A. CHEQUE COLLECTION FROM HEAD OFFICE (Transport cost: Factory
to head office, head office to bank, bank to factory)

Accounts Manager                                                                                    0
Assistant Manager                                                                                   0
B. CHEQUE ENCASHMENT
Accounts Manager

C. SAFELY BRINGING THE CASH TO FACTORY(Cost Components:
Transportation, Insurance, Security, Money to Police)

Accounts Manager
D. DISTRIBUTION OF SALARY SLIP STATING TOTAL WAGE PAYMENT
WITH STAMP                                                                                          0
Accounts Manager                                                                                    0
Assistant Manager                                                                                   0
E. COLLECT CASH FOR EACH FLOOR/DIVISION
Floor Supervisor/Production Supervisor                                         0                    0
F. SALARY DISBURSEMENT AND SIGNATURE
Accounts Manager                                                                                    0
Assistant Manager                                                                                   0
Floor in Charge                                                                0                    0
Loss of production hour                                                        0                    0
Counterfeit/Torn Notes
Total Time Cost (Time cost+lost production hour)                                                    0
Other Costs (Marked in Blue)                                                                        0
                        0



                                      Variable
          Hourly Rate                                                    Value
                0                     Number of Workers
                0                     Number of Floors
                0                     Cost of Revenue Stamp
                                      Average hours spent by worker to
                                      collect wage (salary slip, cash
                0                     collection, signature)

                                      Hourly Wage of workers
                0
                     MFS Based
              Time (HRS) Cost (BDT)
Process for cash and