The employee's of the corporation has found the root cause for the problem and have given the solutions to attack the problem. In addition to the solutions given, the RMS software can be designed such that each person who is interested in buying the stock can create an ID with the company and in that, they have to give their name, username, password and PAN Number or any other Primary identification Number other than typing their personal information. As in this case they cannot cheat the company. They can also add that the payment should be paid strictly by Credit Cards as it will be good for the company as, the amount will reach the company on the click of submit and hence the work load on the relationship managers reduces tremendously. People have very good idea in using credit cards for online transactions as they do it in day to day activities like online shopping, booking flight tickets and also movie tickets. I also see that the relationship managers and others should not encouraged to enter the amount in behalf of their clients, rather they can only guide a client rather they entering the values for them. Since it is almost an automated firm the amount for which the clients wants to buy stock should purchase it online and that through credit cards. Scanning of check takes lot of human hours and will not also help in future if the client population increases in many folds in future. Bonus system should also be revised such that, it should be both performance and honesty linked rather target linked. If bonus system based on target linked then it will force employees to involve in misdeeds. Then strict policies must be framed against misdemeanors and should be penalized with fines.
