Omega Financial

Kevin · #1 02-02-2007, 02:30 PM

Our active use it. I was treasurer for a year, so from that perspective, I can recommend it highly. It keeps track of payments, due dates, etc. for you. You even have the ability to send people off to collections.

It really helped to let the guys pay their dues via credit card, have monthly statements sent to their parents or themselves, etc. They could also log on to their accounts online to check their balances.

amanda6035 · #2 02-02-2007, 04:45 PM

Quote:

Originally Posted by Kevin

They could also log on to their accounts online to check their balances.

This is my favorite part of omega - the ability to login and see stuff. And I cant get 80% of my chapter to use it! They would rather get the paper statement, or worse yet, call me up and say "how much do I owe? Can I write you a check?.." (so then, I have to make a trip to the bank to depositi it...) and I ESPECIALLY love the excuse for the girls who are paranoid about paying online that they dont wanna use their credit card.

I had gotten to the point that if a sister didnt pay her bill on time, I changed her billing address to her parents address for the next month - so that way I knew mom and dad would get it.

Kevin · #3 02-02-2007, 05:18 PM

The thing about being a good treasurer is that you can't be afraid to be the bad guy. At meeting, during my report, I'd always read a list of members who hadn't paid their dues. I made sure they understood that I was serious about going after their badges if they go too far behind, and I made examples of a few of them by sending them off to collections.

All in all, I collected just about everything we were owed. The treasurer's job is to look after the financial aspects of the house. Let the other officers worry about brotherhood, fun, etc.

To speak to one of your problems, amanda, to get guys to look at their online accounts (and I know OmegaFi has a very strange login system requiring an account number or something if that's still accurate), I'd post a list of account numbers with the last 4 digits of each brother's social next to them in the house. I stopped answering the "what is my account number" questions. They were just referred to the board which they should have been looking at every day anyhow.

It worked out.

Tom Earp · #4 02-02-2007, 06:08 PM

Yes, while I was not for it, we had to revert to it and it helped.

Yes, they do take a % back they also got monies back that We may have not gotten for Dues and House Rents.

While I may not condone it, those that owe money and not pay can put a Chapter in problems are bound by contract along with the Parents who co-sign.

Harsh, NO it is not! What is harsh is members not covering fellow members.

amanda6035 · #5 02-02-2007, 06:16 PM

from a strictly business standpoint, i think it's fabulous that they'll send that person to collections if they dont get their crap together. In 2 years, I dealt with too many girls who were just too damn lazy to pay their bill, and I constantly tried to finda way to help them. At my school, dues come out to about $15.00 a week. Seriously, if you cant afford $15.00 a week throughout the semester, you shouldnt be joining.

we offer payment plans, and we'll hold off omega from doing the collections thing as long as we can. But if I'm FVP and you owe the chapter $60 and you come in sporting a new tattoo or purse or some crap like that, no way in hell am I gonna have sympathy for you. *disclaimer against gifts - you guys know what I mean....

The percentage that Omega takes for your collected money is well worth the hassel you would be caused by not having an outside agency to file the collections notices. Besides, like someone else mentioned, you can use your credit card because of it.

carnation · #6 02-02-2007, 07:44 PM

There are other threads on Omega here.They've made me crazy several times--we'd have paid well before time and we'd still get unpleasant notices from them.