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.
One of the main criticisms of the original MiFID was that national regulators did not enforce the directive with the same zeal across Europe. The list of financial instruments covered has been extended to almost all...
What is Business ?
By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.
What is accounting ?
In financial transactions of business— the systematic recording, reporting, and analysis are termed as accounting. It is a system that is used to measure business activities, process information and help aid in making relevant business-related decisions. Usually, accounting is referred to as the ‘language of business’, hence the better the understanding of language— better are the decisions made. The basic accounting terms include terms like revenues, liabilities, assets, expenses, balance sheet
What is accounts payable ?
Accounts Payable involves the payments made to the supplier in a short period of time to avoid non-payment.We avail services such as electricity, the internet, and telephone for which we pay at the end of the month. It means that a customer is handed over the bill after a particular billing period. This turns out to be Accounts Payable.