virtual cashiering & remote deposits
DESCRIPTION
Virtual Cashiering & Remote Deposits. Claudia Nadalin Nelnet Business Solutions PAC West May 17, 2012. My Experience. In the Beginning. Pre-virtual. Mail Lines Staffing Volunteers Relocate Office Warn Departments. Pre-virtual. ePayments Modified Billing Cycle - PowerPoint PPT PresentationTRANSCRIPT
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Virtual Cashiering & Remote DepositsClaudia NadalinNelnet Business SolutionsPAC WestMay 17, 2012
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My ExperienceIn the Beginning
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Pre-virtual Mail
Lines
Staffing
Volunteers
Relocate Office
Warn Departments
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Pre-virtual
ePayments
Modified Billing Cycle
Eliminated Additional Staffing
Warn Departments
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Pre-virtual Department Deposits
● ProcessPaper formsPDF fill-able formsErrors; transpositions, clarity, wrong dataMathematical errorsAdministrator commitment
● Re-entry at the business officeSecond point of errorLong queues
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My ExperienceTransition
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Transition Preparing for Virtual
● User pre-approval process● Set-up request process● Announce
Preparing Users● Training● GL validation● Department set-up
Roll-out● Success
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My ExperienceResult
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Virtual
One-time Entry
Pre-populated GL Accounts
Option for Infrequent Accounts
Automated Calculation
Ready for Deposit
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Virtual
Deliver to the Business Office
Tenders Validated
Department Deposit Closed
Required Less Time
Bank Deposit Prepared
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My ExperienceRemote Deposits
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Remote Deposits Deliver Deposit to Local Bank
Bank Deposit Completed
Department Deposit Closed
Departments Not in the Business Office
Stopped Third Party Services
Reduced Staffing
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Virtual Cashiering & Remote Deposits
Virtually impossible to consider a few years ago, higher education did not have the remotest idea such a business process was possible! What is the buzz about? How does virtual cashiering work? And remote deposits --?
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Comments?Questions?