Quote:
Originally Posted by TGTKPinkWhalepq
Just thought I would update the thread: My chapter will probably refuse to use OmegaFi. We have an Econ major who has demonstrated that it is more cost effective to enforce our bylaws concerning collection, suspension, and expulsion, and even to write off some losses if need be. I'm kinda bummed out because we're missing out on that $$, the alumni board is bitching at us ( by us I mean me, it just makes me feel better to pretend that the frustration is directed at the other officers as well) because they're having trouble collecting rent from the brothers living in the house. ****
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I'd hold that econ major to it then. Yes, it's always cheaper if people would just pay. That goes without saying. But unless you're changing something with regard to enforcement, then nothing is going to change. In my experience, Omega Fi not only improved our collection rate, it also made the Treasurer position a lot easier.
In a chapter without Omega Fi, I imagine the financial performance of the chapter can vary widely, since you get a new treasurer every year. At least you can have probably the most important component of the Treasurer's job, realizing revenue, taken care of.