myYC Purchase Order Processing

 

myYC makes like easy for club treasurers. A core capability of any Operational Support System is to be able to streamline and automate financial transaction processing. Doing so is more convenient for users, substantially reduces work for administrators and improves the accuracy and completeness of financial reporting. myYC boasts a well-proven and mature purchase order processing system which has successfully processed tens of thousands of dollars in registration fees, store item purchases, and so on for clubs.

A key differentiator between myYC and competitive systems is that myYC does not charge a percentage on any of these transactions. Subscriptions for myYC sites are paid for on a flat, yearly hosting fee model, with unlimited transactions included.

myYC purchase orders are processed in four simple steps:

  1. Users complete a "club transaction" (regatta registration, form submission, store purchase, etc.). At this point myYC sends an email to the user confirming completion of the club transaction.
  2. A purchase order is created by the system and the user selects a payment method (available payment methods are defined by the site web master).
  3. Payment is processed. In some cases instantly (for instance if the user pays online via PayPal), in other cases over time (for instance if the user sends a check).
  4. Payment processing completes and myYC sends a confirming email to the user. If payment is via PayPal, the user will also receive an email from PayPal at this point.


Reports and Excel exports are supported both on club transactions and on general purchase orders.