The Information Technology, Inc. Safe Deposit Box (SDB) module is a comprehensive system
for managing and controlling safe deposit box inventory and associated customer accounts.
In addition to being a complete system for billing and collecting rent, the transaction-based
SDB Module offers rent accrual and refunds, late charging, rent discounts and sales tax, miscellaneous fees and key deposits.

SDB is integrated with Premier Core for general ledger accounting - including accounting for rent on a cash or accrual basis. The module is run daily to post payments,
generate billing, produce transaction and exception reports, box inventory and account
reports, and up-to-date past due payment information.

Safe Deposit Box Inventory

• Box numbers can be numeric, alphabetic or a combination (e.g. "B2345")
  
  
• The box inventory can be searched online to inquire into single or multiple boxes
  
  
• The online search feature finds boxes for a specific branch number, size, status
  (rented, vacant, unusable) or rent to identify an ideal box for a new customer
  
  
• Inventory reporting includes a complete reference journal, reports of vacant boxes,
  unusable boxes, and client-defined reporting

Customer Information 

• When boxes are rented, accounts are established for billing and record keeping
  
  
• Default information is automatically assigned by Class Code for simple and reliable
  new account maintenance
  
  
• Billing schedules are flexible - monthly, quarterly, etc., or based on client-defined
  dates and amounts
  
  
• Online account inquiries and transcript statements make account review fast and easy
  
  
• Account reporting includes a complete reference journal, new, closed, past due,
  controlled accounts, four types of customer notification and client-defined reporting

Transaction, Accrual and Accounting Functions

• Rent accrual and refunds are calculated and accounted for automatically
  
  
• Discounts provide automatic rent reduction on a customer-by-customer basis
  
  
• Late payment charges are calculated and applied based on specifications
  
  
• Miscellaneous fees can be assessed with specific transaction codes
  
  
• Key deposits are tracked, refunded and reported
  
  
• Transactions can be restricted at the account level
  
  
• Integration with the Premier eliminates the manual process of creating general ledger
  transactions to summarize safe deposit box activity
  
  
• Application balancing automates reconciliation with the general ledger
  
  
• Using the ITI Paperless Item Module, payments can be deducted from accounts
  outside the institution
  

For more on Safe Deposit Box, contact
Information Technology, Inc. at 402.421.4207.