banking services presentation - march 10th 2006 update for ... · 6 departmental benefits this...
TRANSCRIPT
Banking ServicesHow can we serve you better?
Financial Services Department
March 10th, 2006
University of Toronto
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Contacts
University of Toronto
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Agenda
Why are we here?FactsThe game planOn-line accessPilot usersIn progress and who’s next?
University of Toronto
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Why are we here?
To clarify changesTo simplify processesTo make better use of resources
University of Toronto
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Purpose
Capitalize on the banking industry improvements that will help departments
To streamline the banking process with on-line access and consolidating all deposit activity
University of Toronto
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Departmental BenefitsThis improvement will provide:
Improve access to banking transactions (on-line access)No costTimely resolution of deposits banking problemsSimplify the communication of bankingReduce the time spent by the business officers
University of Toronto
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Agenda
Why are we here?FactsThe game planOn-line accessPilot usersIn progress and who’s next?
University of Toronto
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Challenges
The banking demands are growing in volume and complexity
E-Commerce SolutionsTele-DepositsEFT
No departmental on-line access
University of Toronto
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Agenda
Why are we here?FactsThe game plan
On-line accessPilot usersIn progress and who’s next?
University of Toronto
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The Game Plan
Financial Services will work with departmentsCreate subordinate bank accountRe-direct all deposits activity into one accountProvide on-line access
University of Toronto
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Subordinate Bank Account
CIBC Rapid Trans.® accountDeposits onlyFor more information:
http://www.finance.utoronto.ca/Page593.aspx
University of Toronto
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Overview of Current Process
University of Toronto
CIBC General Bank Account
Subordinate #1
Subordinate #2(bank account)
Debit Memo Credit Memo
MasterCard
Bank of MontrealDepartmental
Deposits
E-commerce or Tele-Deposit
Wire Transfers
Cashier’s Office
VISA
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The SolutionUniversity of Toronto
Subordinate Bank Account (CIBC)
With on-line Access
Departmental Deposits
VISADeposits
MasterCardDeposits
CIBC General Bank
Account
Other credit memos (MOH,..etc)
Incoming wire transfers
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Agenda
Why are we here?FactsThe game planOn-line accessPilot usersIn progress and who’s next?
University of Toronto
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On-line Access
Secure accessView access onlyCustomizable accessIdentify types of depositsOne account for all banking activities
University of Toronto
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Agenda
Why are we here?FactsThe game PlanOn-line accessPilot usersIn progress and who’s next?
University of Toronto
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Pilot Users
FSD launched Feb 2005Three departments are using the new process:
School of Continuing Studies (SCS)Continuing Medical Education (CME)Parking Services – St. George
University of Toronto
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Agenda
Why are we here?FactsThe game planOn-line accessPilot usersIn progress and who’s next?
University of Toronto
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In Progress
University of Toronto at MississaugaFaculty of Physical Education and HealthAncillary ServicesNew College – Summer Program
University of Toronto
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Who’s Next?University of Toronto at ScarboroughOISE/UTSchool of Graduate StudiesFaculty of MedicineFaculty of Arts and ScienceFaculty of PharmacyFaculty of Dentistry
University of Toronto
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Any Questions?University of Toronto
The End
University of Toronto