Reporting
admin posted in Uncategorized on March 30th, 2008
Reporting
Online Reporting Function
It is difficult to publish accurate, timely reports with traditional voucher systems. This function often cannot be carried out until after a cut off period and all reconciliation administration completed. It is not uncommon for organisations to have limited knowledge of their level of exposure to traditional vouchers in the market at any time.
Gift Card reporting is on line and real time, thus the merchants and head office have access to reports at all times, As the system is fully automated, the data is instantaneously transmitted to the transaction hub and the organisation can now know exactly what their exposure is at all times.
Traditional Voucher
Giftcard system
Residual Value
If not entire value expended
Change required either smaller
denomination vouchers or cash.
To be processed and reconciled.
No change given, residual remains
as credit on gift card.
Exposure
Difficult to maintain transparency of level of
exposure
Level of exposure completely
transparent at all times
Fraudulent Use
Difficult to eliminate fraudulent vouchers
and fraudulent use of vouchers.
Fraudulent use and fraudulent
cards are eliminated
Reporting
Administrative function, available after
reconciliations.
On line, real time reporting of all
activity.