Insight
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Capital Credits

The Capital Credits (CC) module provides a fully integrated solution to manage membership activities. This module tracks information relating to the member including: allocation records, general, estates, and early retirements. Information retained in Capital Credits is available from the Utilit-e Connect Customer Service Inquiry, as well as the Capital Credits module. Financial transactions generated in Capital Credits are seamlessly entered into the General Ledger module. Like all PCS modules, Capital Credits has a consistent, intuitive, user friendly interface that is easy to train and easy to use.

 

Key Features & Benefits of the Insight Capital Credits Module

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Member Info

Patronage:

Patronage amounts are processed into Capital Credits via a direct interface with the billing application. Patronage is reported at the service level, allowing the member to track Patronage & Allocation amounts by individual service. The transaction entry screen is available for adjustments. Reports are available for patronage in total and for each member, as quick print reports from the member information screen.

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Member Info

Allocations:

Allocations are based on total dollars versus entering an allocation factor. Reports are available for allocations by year, allocation group, member account and location. Quick print is available via the member information screen, which details each member’s allocation history. Allocation information can be conveyed in one of three methods, via allocation notices, printed on retirement check, or printed on billing statement. There is an unlimited number of allocation groups possible, such as Distribution, G&T, and Transmission.

Retirements:

The on demand processing is available for general, early, and estate retirements. The program has the ability to apply retirements to bad debts and/or billing accounts – in full or based on minimum or aged balance parameters. In the Capital Credits module, definable discounts can be made for each retirement type as appropriate.

The user has the control to include the prior year’s unclaimed property in the current retirement amount. Amounts below a specified minimum can be written off, retained for future retirement, or sent to the Unclaimed Property module. All supportive history is retained and reportable for each member and in total for a selected time period. Reports can be generated for a specific retirement, for all retirements in a defined period, and for each member. The transaction entry screen is available for any adjustments.

Checks

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Capital Credits Summary

  • User controlled retirement check runs can be printed in manageable sizes and presorted by name, zip, routing codes, etc.
  • Prior to check printing, data can be exported to a third-party application for CASS certification address correction and presorted sequence, allowing for most beneficial postage rates. Corrections can then be imported to update member records.
  • All supportive member data is included on check stub areas to fully explain check amounts.
  • A check amount can be paid to unlimited Payees to distribute retirement amounts to persons or organizations other than the member.
  • Check and allocation information can be sent to third-party bill print companies.

Member Maintenance and Inquiry

  • Complete member setup information is retained and maintainable within the Capital Credits module. This includes names, addresses, status, social security number, dates of birth and death, and many more.
  • On screen inquiry includes patronage, allocations, retirements (with historic and outstanding balances), check history with current check status, billing system balances including bad debts, and a complete Capital Credits event log of the member activity in the system.
  • Quick print reports are available from many of the inquiry screens.
  • Setup and maintenance of Payees is done within the member screen.
  • Member information can be synchronized with the billing system and previewed for accuracy before update.
  • Logging events of static changes of member data.
  • Ability to split a single membership into individual memberships. This is used in the case of a divorce or a break up of a partnership or company. The split is generated by applying a user defined percent against all remaining capital credit amounts.