White Paper: TEKchand
To be best in class, an effective ATM remote management system has to clear various significant hurdles. While there are many ATM remote management solutions, very less offer the completeness, robust applications, ease of use, ATM-centric expertise and affordability of CO-OP ATM Visual Control.
ATMs have always remained a significant piece of a credit union’s functionality, and play an essential role in offering convenience to members.
This whitepaper highlights the importance of moving to true ATM Remote Management, ATM as a valuable asset to the credit union branch model and also explains the efficient management of the ATM fleet as a necessary duty.
Concept of CO-OP ATM Visual Control
Three critical applications delivered by CO-OP ATM Visual Control
Features and functionality for credit unions delivered by Remote Manager
Electronic invoicing delivers efficiencies across the accounts receivable cycle: invoice creation, invoice delivery, dispute management, posting, and reporting and analytics. Most importantly, reducing Days Sales Outstanding (DSO) with electronic invoicing enables businesses to reinvest more quickly to drive company growth. This white paper details the inefficiencies of paper-based billing processes, and shows five ways that electronic invoicing accelerates the accounts receivable cycle, and, in turn, greatly reduces DSO. Invoice preparation: With electronic invoicing, businesses can virtually eliminate the time required to prepare invoices. Invoice presentment: Sending paper invoices internationally can add days or weeks to the invoice delivery process. Dispute resolution: Resolving disputed invoices Posting: Consolidating payments and remittance information received via various channels Reporting and analytics: To manage all of their invoices from a single place for complete visibility and control across their accounts receivable processes
While large financial institutions have the resources and IT departments to develop their own ATM technology path, many smaller-to-midsized credit unions and financial institutions depend on their transaction processor or ATM hardware manufacturer to deliver new ATM products and functionalities. After many trials and tribulations, change is finally entering the ATM channel to make life easier for ATM owners. Using a combination of vision, planning and dedication to detail, CO-OP Financial Services and TEKchand are working to make what was once a static cash-dispensing box, into a powerful and dynamic marketing communication vehicle.
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