Through the power and automation of Cobra Banker®, you can create up to 999 different receivables, and then fully define the functionality of each one. You can determine for what services your facility charges, and how and when you collect them. You can also define what percentage of a resident’s trust fund and incoming deposits to apply against receivables, and how much of the fund balance you want to leave available for commissary purchases.
The point is this: When you control receivables, you also control revenue. From a financial perspective, today’s priorities at correctional facilities are the ability to streamline operations, reduce costs and maximize revenue. With Cobra Banker®’s Accounts Receivable module, you can accomplish all three.