By: Bill Stephenson, Interim Director of Finance
Every week, Yee Hong Centre generates over 100 cheques to pay our suppliers and vendors. Before the cheques are distributed, they must be signed by two signing officers. A significant amount of senior executive time was needed to review and sign the cheques.
Under the direction and leadership of Stewart Boecker, Yee Hong Chief Financial Officer, a cheque signing solution became an urgent priority for 2022.
Paystation Software was chosen as the best option for Yee Hong’s needs. Last summer, through many rounds of testing and validating, the new software was installed.
Our Finance colleagues, Stevenly Law and Jinny Wong, were instrumental in implementing this new software. Stevenly and Jinny worked tirelessly and persistently over months to ensure that this project was a success.
By improving our payment process efficiencies, senior executives can dedicate more time towards other priorities. As well, we can pay our invoices faster which helps strengthen our vendor relationships.
