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M&VE is digitalizing payment system in kings mattress firm. So need help in explaining how to write final paper for this. Below the ppt slides
M&VE is digitalizing payment system in kings mattress firm. So need help in explaining how to write final paper for this. Below the ppt slides their is final paper outline on how the paper is supposed to drafted. Please go through it and understand the ppt to make final paper.
Digital Payment gateway Problem, solution and Benefits Problem- Absence of Digital payment gateway Solution Outsourcing a third party payment servers. Installing digital payment machines in the firm where we have our own payment gateway installed and getting digital access over financial activities and keeping in track all the data and giving better customer service. Benefit- It would help to keep the track of overall sales and financial activities like .Financial Tracking integrates with daily quick books. . Daily Report generation. .Tracking down all the sales activity. .Tracking down deliveries.People Process In experienced employees Lack of daily data collection Machine Busy with service and data operations There is not even Defects in computer Careless towards one digital payment .networks equipment's/system mechanism. Absence of 03 02 01 Digital payment No digital gateway Lack of adaptable systems for Software performance merchant resolving client problems issues available 3rd Party System issues Management Anti Fraud Material alert issues TechnologyFlow-Chart Card Holder Make a CC Purchase Response Merchant Forward Details Interpret the Approved Yes Store in a batch relevant response response? Payment Gateway Authorize Protect CC Receives and Payments Details Forwards Response Acquiring Bank's Processor Verify CCDetails Verify Transaction Forward type and amount Response Code Authorizes the Card Issuer Customer's Credit available funds in the CCholder's Approved? Yes/No Send Response a/c Deposits all funds AcquiringBank Merchants to Merchant's nominated a/cNew financial Payment gateway Deposits amounts directly into .Identify: The organization lacks in a digital payment gateway bank accounts." Define: Setting up a digital payment gateway system online New payment gateway being tested only at the billing counter. Risk awareness: Staff lack sufficient knowledge of how digital Evaluating or assessing the trial's outcomes. payments operate. Results of the shift are expected to be improved customer Determining whether sales have increased. satisfaction and increased financial transparency. Determining the customer payment convenience increased. Plan Do Examining/Analyzing the results of the outcomes of digital Measuring the outcomes of each phase. payment systems that have been established. Act Check Compare the invoices from the sales and delivery divisions to After a period of effective operation, the systems implemented ascertain which are operating and which aren't. across the entire organization to improve sales and product output. Ensuring the complete sales are reflected in the bank statements with the finance department. Verifying output from customers/Consumers and organizational output for improved coordination. Transitioning from basic to standard payment method. . Considering this new digital payment systems as a baseline. Determining transaction time. Three-way invoice transmission across sales, accounts, and delivery. Making certain that everyone is working on the new payment standards.Relationship chart Sales Department Accounts Department Inventory Shipping and receiving Operations Department Packaging Department General Staff Absolutely required proximity Especially Important Important Ordinary Important Unimportant Closeness undesirableStep by Step Solution
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