Differences

This shows you the differences between two versions of the page.

--- cbd [2024/10/21 12:52] – created 103.6.151.222
+++ cbd [2024/10/25 01:16] (current) – [Milestones] 219.74.234.246
@@ Line 5: / Line 5: @@
 ===== Goal/ Objective/ Status =====
+To migrate from Teresa Ville's payment of invoices by cheque to a digital method by 40th AGM in Oct 2025.
 ===== Background/ History =====
+MAS has mandated the phase out of all corporate cheques by end-2025. There is no need for us to drag out the migration and scramble at the 11th hour. I would like to oversee the MA's prompt and seamless migration implementation.
+FYI, we have been paying a $3/cheque clearing fee since Nov 2023. For the 9 months to end-August, we paid Standard Chartered a total of $759 for the 253 cheques we issued, not counting the cost of chequebooks.
@@ Line 15: / Line 21: @@
+  * Update Council Members' authorised signatories and users.
+  * Apply for and register first Council Member's access new system
+  * All authorised Council Members have approved at least one transaction
+  * Stop using cheques altogether
 ===== Game plan =====
@@ Line 23: / Line 34: @@
+Questions:
+  * What has been done so far?
+  * What is the process?
+  * what will be the monthly updates?