Vend Audit Controls, Inc. Announces Chicago Area High School to Run a VendCheck Test to Monitor Vending Machines.Business Editors/Education Writers MIAMI--(BUSINESS WIRE)--June 3, 2004 Jeff Stubins, president and founder of Vend Audit Controls, a Miami-based vending machine vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. revenue auditing and monitoring service The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. firm, announced today a VendCheck pilot program to benchmark vending machine revenues for Whitney Young Noun 1. Whitney Young - United States civil rights leader (1921-1971) Whitney Moore Young Jr., Young Magnet magnet: see electromagnet; magnetism. magnet Any material capable of attracting iron and producing a magnetic field outside itself. By the end of the 19th century, all known elements and many compounds had been tested for magnetism, and all were High School in Chicago, Illinois. Whitney Young Magnet HS will engage Vend Audit Controls in a VendCheck pilot program to monitor report and benchmark sales before and after the VendCheck. Vend Audit Controls will monitor 20 beverage machines throughout the school for the duration of the six-month pilot project. The VendCheck pilot test will determine if there is any deviation DEVIATION, insurance, contracts. A voluntary departure, without necessity, or any reasonable cause, from the regular and usual course of the voyage insured. 2. in sales reported and commissions paid to the school prior to and during the pilot period. Vend Audit Controls' proprietary VendCheck solution provides independent verification to ensure proper calculations of income and commissions from vending machines. Prior to VendCheck vending clients, such as schools or districts, were forced either to rely solely on trust, or conduct time-consuming and complicated manual audits. However, unlike manual audits, VendCheck uses standard vending industry DEX technology, in conjunction with DEX-capable handheld devices to monitor and track machine revenue. "Our system enables Whitney Young High School Whitney M. Young Magnet High School, (commonly known as Whitney Young), is a highly selective-enrollment Chicago public school that opened its doors to students on September 3, 1975 as the city's first public magnet high school. to independently determine how much cash is going into their vending machines without having to physically audit each individual vending machine," said Stubins. "Without a system like ours, there is no way to independently verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. what the benchmark sales are nor can a school district keep track of commissions owed but not paid. VendCheck empowers the school with financial controls over their machines, thereby increasing accountability and commission fees paid." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent article on eSchoolnews.com, "even the National Automatic Merchandising Association The National Automatic Merchandising Association, or NAMA, is the American national trade association of the food and refreshment vending, coffee service and foodservice management industries. Public relations is an important part of its mandate. (NAMA Na·ma n. pl. Nama or Na·mas 1. A member of a people of southwest Africa. 2. The Khoikhoin language of the Nama. ), which represents the vending machine industry, recognized that some operators engaged in a practice called R-Factoring, where sales are underreported, sometimes as much as 25-30 percent." To see the article please click here: (http://www.eschoolnews.com/news/showStory.cfm?ArticleID=5060) Vending commissions paid to schools typically fund extra-curriculum school activities ranging from band to many non-sporting student activities. How Schools Can Get Started With Their Own VendCheck Program Whether a single school with a dozen or so machines or a school district with hundreds or even thousands of machines and multiple vendors, implementing a VendCheck is surprisingly easy. All a school has to do is to contact Vend Audit Controls (http://www.vendauditcontrols.com) and request a VendCheck review. Upon completion of a review, Vend Audit Controls will determine to what extent a client is owed additional commissions and then take the required steps to recover this income. Benefits of a VendCheck In addition to new found dollars generated from a VendCheck, the program yields many other dividends: -- The principal and staff win by demonstrating high standards of accountability -- Auditing, operations, purchasing and food service department heads win through the creation of a complete audit trail for the handling of this income stream. -- The school district wins by ensuring financial oversight
Oversight may refer to:
compliance with local regulations regarding auditing of school revenues -- And most of all, the students win through the continuation of the extra-curricular programs they enjoy About Vend Audit Controls and its Founder Vend Audit Controls clients and target prospects include school systems, major retailers, government facilities, managed accounts, and other high volume vending sites. For more information please visit http://www.vendauditcontrols.com |
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