Audit Controls
• Reduce or eliminate cash control audit issues throughout the entire process.
• Audit Trails – Provide an electronic tracking system for all incoming receipts (cash and checks). From the initial phase of the receipt process continuing right through until the final phase when the deposit is made at the bank. This system is the best way of tracking “Change of Custody” through out the entire process.
• Provides management with the ability to verify that all cash/check collection procedures are being followed.
• The benefit of having electronic visibility to locate a receipt at any given moment within the system. Determine who has custody of the deposit now, who has had custody in the past, and how long did each individual have custody of the receipted items.
• Reduce or eliminate cash control audit issues throughout the entire process.
• Audit Trails – Provide an electronic tracking system for all incoming receipts (cash and checks). From the initial phase of the receipt process continuing right through until the final phase when the deposit is made at the bank. This system is the best way of tracking “Change of Custody” through out the entire process.
• Provides management with the ability to verify that all cash/check collection procedures are being followed.
• The benefit of having electronic visibility to locate a receipt at any given moment within the system. Determine who has custody of the deposit now, who has had custody in the past, and how long did each individual have custody of the receipted items.
• Identify the staff that needs additional training/support to help make the process as efficient as possible.
• No more lost receipted incoming cash or checks or deposits.
• The GREEN BENEFIT. No more storing paper for auditing purposes. Everything is digitally stored and tracked. No more paper involved in the process.
Because our system provides a new electronic tracking procedure, the school will increase their efficiencies resulting in reduced staff time and personnel cost. All the while providing better tracking and more visibility to the entire process.
Timely Deposit. No more issues with personnel holding onto receipts/deposits for a lengthy period of time.
A report or notification can be executed to inform appropriate staff that funds have to be deposited before internal deadlines (e.g. 5 days from initial receipt to deposit or before a holiday, etc).
Precise internal control, tracking and handling of all cash & checks.
Specialists in Financial and Security Technologies