Loss Control System (LCS)
Financial Institutions, Retail outlets, or any organization that has internal operating loss tracking and reporting requirements will benefit from this straight forward solution for data management.
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Category of Loss
Accept Code (where/how accepted)
Collection Group (to organization assigned for followup)
Account Number (if any)
Account Name (if any)
Employee Number (if any)
Transaction Summary (Loss/Recovered/net)
Drop down Menus for (multiple entries for same loss may have differing or same specific information as detailed below):
Loss Amount (may have many individual losses related here)
Recovered Amount (may have several recovery incidents)
Each entry will list separately or as a total in reports.
A text screen where you may describe the summary data for this loss, specific instructions for historic follow-up, etc.
Operating Groups (usually Division Level)
Units (usually Branches and Departments)
Filter of Records for search and display
Reports will display on screen or print directly
Operating year selection
Status (Active or Inactive)
Operating Group Selection (drop down menu for one)
Operating Unit Selection (drop down menu for one)
By Accept Code
By Month or Calendar Year Quarter (drop down menu selection)
Year and File Number
Unit Totals: (should balance with month’s General Ledger charges)
Final Totals: (Operating Group and total General Ledger Numbers should balance)
Reports above data for Collection Groups to track current activity on collections.
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