Looking for feedback on approach used from a premium application perspective. What has been the best experience related to cash processing, applying funds to OMNI based upon the good faith option or waiting until the deposit is cleared by the bank? If, you use the option of waiting for the check/eft to clear, how does OMNI work to determine when to apply funds to participant accounts?
We use both but most of the contributions we receive are posted when we receive the $. We use a CCA in Omni to tie to the transactions and when the CCA is in balance, the transactions will post. I will be glad to attend a call with you to discuss further if you would like.