Some of the major initiatives by the department in strengthening financial position of IICA were:-

Cost Rationalization measures – various cost rationalization measures helped in reducing the costs upto 30% as
compared to the targeted costs

Analysis of Financial Implications – the financial implications of all the proposed programs and activities are studied
by the department and all the revenue negative activities are eliminated.

Introduction of Cost Sheet – The cost sheet for all the programmes is prepared on a regular basis which helps in
determining the estimated costs and profit margin.

Compliance of statutory obligations – the department is responsible for regular compliance of all the statutory
obligations on the Institute that helps in smooth functioning at all levels. Regular compliance ensures regular overlook
on all aspects of working.

Setting-up of a Central Financial Unit – The CFU is an internally sourced unit that renders monthly manpower
services like reconciliation, ledger scrutiny and consequent adjustments, debtor and creditor review, monthly review,
etc. This has completely changed the scenario of the Institute. Due to such efforts, all the pending payments
and advances are being settled, reconciliation is up-to-date and the financial picture has gained much more clarity.

Internally Sourced Functions – Most of the activities of the Institute are internally sourced thereby resulting into
decreased costs otherwise spent on outsourcing.