The Monitor Solution streamlines and automates cost allocation and recovery operations for chargeable services within your organisation, boosting your bottom line. This can be realised in the following ways:
Cost recovery
- Allocation of chargeable services to clients, staff and students
- Ability to allocate differentiated charges for variable services eg black & white, colour, multiple copies, etc
- Ability to charge different users variable costs eg students, staff, casual users, etc
Revenue collection
- Ability to generate revenue by charging a premium on chargeable services
- Identification of revenue generating activities & locations
- Locally dispensed cards can be charged for
- Casual users can be charged at a higher rate for services
- Encourages utilisation of multiple services by users
- Collecting value in the system from users, provides an opportunity to invest & profit from the resulting float fund
Efficiencies
- Identification of the real costs of services provided
- Enforcement of use and price policies
- Optimise overheads of cash collection on line & at central paystations
- Decrease maintenance costs of servicing through remote access
- Save time and money by eliminating costly labour intensive data gathering and calculation procedures
- Informed decision making
- Dramatically improve cost recovery
- Decrease wastage
New Services can be provided with confidence in the knowledge that the income will always be greater than the cost of providing that service. |