Post on 16-Dec-2015
transcript
Staff
Evelyn Morgen, Program Director Jackie Lewis, Program Manager Jola Sliwinski, Program Coordinator Lucy Piechowski, Program Assistant Steve Bazinet, Application Developer
You’ve Got Mail!!!
E-mail messaging resumed “I didn’t get any e-mails” Say it again … Member messages duplicate
information sent to e-mail
Reports – New and Improved
Color!!! Seeing RED? Current Month Activity – includes field
for ‘date filled’ Attention to DETAILS. Corresponding
data for all fields in Account Summary. What’s in a name? A ‘lend’ by any other
name is still a ‘lend’…
Currency Conversion
NSCNVA loans a document to ONCMMU
for CDN$11.00.
NSCNVA submits the transaction by uploading a transaction file or using the online transaction system.
Library
EFTS processes the transaction at the time it is uploaded and detects an
intra-Canadian transactionfor CDN$11.00.
EFTS requests the current CDN$/US$ conversion rate (0.876543) from an on-line service at the time of the
upload.
The transaction is stored as the equivalent US$ ($9.64)
along with the conversion rate.
Reports for Canadian libraries show intra-Canadian transactions in US$ with the
CDN$ equivalent and conversion rate. All other transactions are shown in
US$ only.
EFTS
Data is sent to EFTS
Intra-Canadian Transactions
Conversions will only be applied to transactions between Canadian libraries. The libraries will exchange documents priced in CDN$. The current exchange rate is applied at the time the file is uploaded to EFTS and carried forward as US$.
Deposits, redistributions and all other transactions will remain solely in US$.
Currency conversion will be inferred from the identity of the loaning and borrowing countries:
Both libraries are in the USA: The transaction is assumed to be in US$.Both libraries are in Canada: The transaction is assumed to be in CDN$.The loaning library is in the USA and the borrower in Canada: The transaction is
assumed to be in US$.The loaning library is in Canada and the borrower in the USA. Because Canadian
libraries typically charge US libraries in US$, the transaction is assumed to be in US$.
Interbank Exchange Rates
The prices quoted by EFTS are based on interbank market rates. Retail rates, which are used by credit cards or cash exchanges in banks or other exchange services, usually include 1 to 10 percent margins on the top of the interbank rates. By using the interbank rates in our calculations, EFTS provides you with the best possible exchange rate with no premiums!
The EFTS Exchange Process Between Canadian & US Libraries
Promotional Items
When logged in as a
‘member’…
…you may request items be sent to you for an upcoming
event or presentation.
Coming Soon …………
Move system to new platform Killing (more) bugs! Batch delete function in Online
Transaction File Detailed information regarding
transactions processed overnight Add “Release Notes” to website
Testimonials
I'm more than happy to sing the praises of EFTS. It has reduced my workload tremendously! And my Accounts Payable department LOVES not having to cut dozens of individual checks every month for $11.00 each. I was once told by our AP department that the average cost to process one check was about $110.00. If that isn't an incentive for joining EFTS, I don't know what is!
-Molly Harrington, MLS, AHIP /St. Joseph's Hospital & Med Center Phoenix, AZ
I serve 5 rural hospitals-- EFTS is a life saver for us, enabling us to acquire articles from out of state that would surely otherwise be unavailable. Sometimes the direct impact on care is hard to assess, but I would hate to find out. -Kathleen Hughes, Community Memorial Hospital Hamilton, NY
Reminder…
Log on! Review your OTF – Error table LIBID on all correspondence AC representation in every region