Posts Tagged ‘finance’

Billhighway Team at DreamForce!

09/07/2011

A few members of the Billhighway family had the opportunity to attend and exhibit at DreamForce this past week in San Francisco. Dreamforce is an event put on by Salesforce that “brings together all the leaders in cloud computing to collaborate, connect, and inspire.”

The conference attracted 45,000 attendees to view the exhibit hall, feel inspired by the keynote speakers, learn in the breakout sessions and engage in the networking events. Overall, the Billhighway team thought it was a huge success!

Marc Benioff and the entire SalesForce team sure know how to put together an incredible event that will have people talking for weeks. Kudos to you!

Did you attend DreamForce? What did you think?

Getting the most out of your Fraternity chapter dues

06/20/2011

StarGuest blog post written by Kyle Koelbel, Arizona State University graduate and Educational Leadership Consultant for Sigma Pi, a leading men’s Fraternity.

We always want more money to operate with. We always want to see our money working for us, and we want to get the most out of our money. Yet in the fraternal world, too many chapter members don’t see their dues going as far as they could, and too many men decide not to join due to the upfront cost of the fraternal experience. They lack an understanding as to the return on their investment that they could see.

As it is with all aspects of a fraternity, a chapter’s success starts and ends with its membership. Sometimes, we lose out on a great opportunity for the quality men that we always preach about because we’re too focused on the dollar sign. We lose men in two ways; one is by providing insufficient information to our potential members and their parents in the beginning and the other through a lack of programming. What can we do differently?

List fees during recruitment

If you were to look at the recruitment materials produced by your chapter and your chapter website, would you find a complete breakout of fees and dues that are required of members? For most of you, the answer is no. Why does membership cost have to be a secret? We continuously lose men during their new member process and just prior to initiation because they did not know how high the cost was going to be. Why can’t we be honest about dues in the beginning?

Choose your leadership wisely

The men leading your chapter are the ones that people look up to and answer questions to potentials and their parents. They set the tone for how the chapter will operate for the upcoming term. Taking the time during elections to listen to each candidate, ask questions and make educated votes as to who those men will be are crucial to your chapter’s success. Too many times during an election, men run unopposed, they have short speeches and are asked no questions about their knowledge of the position. There is focus on what they will work to accomplish if they are to be elected. How does electing a treasurer with no idea of where the chapter could improve on its spending help the chapter? Just because a brother is a Finance major does not mean he has the drive and determination to complete the duties of his office to the extent the chapter needs.

Accept advice from alumni

Yes, a member’s time as an elected leader for their Chapter is a learning experience, one that will help them for years after they leave college. But it does not mean that it must be a time of reinvention. There are always alumni who are willing to help, provide insight, and double check what is being done to ensure that the direction the chapter is going is a positive one. While your chapter may not have a direct alumni advisor for a position, the fraternity HQ employ alumni members to provide that support and guidance when necessary.

If we work on these simple steps, we can begin to see our dues work for the brotherhood in ways we did not know were possible. Let’s get to work!

Kyle Koelbel is from Denver, Colorado. He attended Arizona State University where he studied Urban Planning. His experience in fraternity finances comes from being President of a 120 man chapter and overseeing a $350,000 annual budget for his Chapter at Arizona State as well as serving as the treasurer for the ASU IFC and its $80,000 budget. He is currently working as an Educational Leadership Consultant for Sigma Pi.

Image source

Fraternities are seeing results with Billhighway

05/25/2011

Over the last few months, we’ve started noticing a trend in the Greek world of men’s organizations moving toward using an organized system to manage their finances rather than manual processes that vary across each chapter.

At Billhighway, we’ve seen a steady increase in signups from men’s Greek organizations, both at the chapter level and headquarter level. So what does this tell us?

“Men’s organizations are beginning to notice how much value financial management systems can bring by conversing with their female counterparts,” says Kellee Montgomery, Marketing and Social Media Lead at Billhighway. “Women’s organizations using Billhighway have seen an increase in their overall chapter cash that can now be put back into their organization, exactly what Fraternities are after. Being able to see drastic results from one system makes using Billhighway a no-brainer. “

With features like convenient member payment options (mail, echeck, phone, credit card or Facebook), advanced reporting tools, collection services and 24/7 online support, it’s not surprising that more and more men’s organizations are choosing Billhighway and experiencing immediate results within their organization.

Interested in learning about how Billhighway can help your chapter or organization? Send an email to sales@billhighway.com or tweet me at @billhighway.

Billhighway and Beta Theta Pi Form Partnership

02/28/2011


Fraternity will utilize the system to raise the bar in online banking and accounting management.

TROY, Mich., February 28, 2011– Beta Theta Pi Fraternity  has chosen Billhighway, the leader in Financial Performance Optimization solutions for membership-based organizations, as their web-based financial and accounting partner. With this formalized partnership, Beta Theta Pi will encourage its chapters to join the Billhighway system by Fall 2011 under a 5-year contract. Beta Theta Pi will use Billhighway’s Global product to manage general ledger accounting, cash management and tracking overall chapter finances.
“By providing our chapters with Billhighway’s services, we can begin to actively help chapters address changing IRS regulations by providing a solution that is fast, easy and enables our chapter leaders to focus their efforts on ensuring their finances support their goals and align with Beta Theta Pi’s values,” says Joe Budde, Director of Finance at Beta Theta Pi.

“The men’s Greek market is changing. We’ve begun to see men’s groups recognize a need to transition into a more formalized financial process,” says Vince Thomas, Chief Executive Officer of Billhighway. “We’re thrilled to partner with Beta Theta Pi as a leading fraternal organization as they begin taking advantage of the benefits Billhighway brings to their chapters, members and overall organization.”
Beta Theta Pi was founded in 1839 at Miami University in Oxford, Ohio and is headquartered in Oxford as well. Beta Theta Pi serves over 124,000 members with 121 collegiate chapters and colonies and more than 7,000 collegiate members. Beta Theta Pi is a distinguished college fraternity dedicated to developing men of principle for a principled life. To learn more about Beta Theta Pi, visit www.betathetapi.org.

Billhighway is the leader in Financial Performance Optimization for membership-based groups, providing the web-based system that helps organizations enjoy improved financial health, operate more efficiently, and reduce the risk of fraud.  The company’s proprietary, all-in-one system comprehensively manages group finances and accounting – offering a powerful combination that enables organizations to spend more time advancing their mission rather than managing finances.  This improved operational efficiency and financial performance can be achieved in organizations of nearly any size and type, serving organizations in these core areas: Professional, Faith-Based, Political, Youth Focused, Athletic and Fraternal.

To learn more about Billhighway, visit www.billhighway.com.

Billhighway is making the news!

12/07/2010

Today in America, a television series hosted by football great Terry Bradshaw that informs viewers on a variety of topics,  recently sat down with us and wanted to share how Billhighway has become the leader in Financial Performance Optimization. Billhighway brings real results to real clients, and we’re proud to continue serving hundreds of thousands of membership-based organization members each day.

Watch the video here:

The segment will be airing now thru the beginning of 2011 on stations throughout the country including ABC, NBC, Fox Business, CNN Headline News and CBS. Keep your eyes out for airings!

A special thanks to Phyllis Grissom and the Tri Delta team for appearing in the segment.

We’d love to hear what you think! Share in the comments below.

Billhighway’s Vince Thomas speaks at E2 Conference

10/14/2010

On Wednesday, October 13, 2010, Billhighway’s CEO Vince Thomas spoke at the E2 Conference sponsored by TechTown at Wayne State University in Detroit. This event brings entrepreneurs together with business leaders, authors, investors and others for a program that both educates and inspires on how to create a business in a down economy.

Vince sat in on a panel discussion on “How to Market Fast in a Lean Launch” speaking to how entrepreneurs can still succeed in a down economy.

“Think out of the box, get ultra-creative, constantly be thinking of new and improved ways to do things, be open minded and keep working and changing” -Vince Thomas

Vince had the chance to discuss this topic with some great minds on the panel including Nolan Gottschalk of Shutterbooth, Paul Chambers of Core 3 Solutions, Chris Ygay or Revilize Day Spa and Scott Newman-Bale of Shorts Brewing.

The Greeks That Save Together, Stay Together

09/23/2010

StarArticle Submitted by guest blogger Alicia Magda from Greek For Me in Middletown, DE.

Sure, a Greek organization is ultimately underneath the college’s umbrella, but when it comes to maintaining your organization’s finances and having enough money left over for those perks we all love, it’s important that each and every member of your fraternity or sorority take ownership over the organization’s financial state and work to put it in the black! Here’s some ways to get your finances back on track.

Be Frugal Together.

Saving money is always more successful if you commit to it as a group. Emphasize the value of being savers over spenders, and look to plan activities that are fun, but low cost. Fun examples include dinner party nights, where instead of going out to a fancy restaurant, each fraternity or sorority member contributes $5 to the meal, helps cook, and brings their own wine or beverage! It’s a night full of great food and laughter! Other cheap ideas include picnics in the warm weather and movie nights, where the chapter supplies the popcorn, and members bring whatever else they would like. Other ideas include group walks and hikes and house scavenger hunts.

Plan It Out.

The most successful fraternity and sorority chapters consider themselves planners. Spontaneity is always nice, but when it comes to deciding on the fundraiser you’d love to have, start planning that fundraiser at least three months in advance. Elect members to be on various committee positions for planning the fundraiser, as this creates a sense of ownership and commitment to the success of the fundraiser. You will be able to take the time to research materials and supplies that are low cost, rather than having to purchase materials on the spur of the moment. You’ll also be able to spread the word out about your fundraiser well in advance to really hit it out of the park.

Organization Is Key.

In addition to being planners, successful fraternity and sorority chapters are also well-organized. They use financial planning tools and software, even if it’s something as simple as an Excel spreadsheet, to record all money coming in to the organization, money going out, the cost of materials or activities, and what their current balance is. Go over this balance, as well as a summary of recent expenses, with your fraternity and sorority members at regular meetings, so all members have a clear picture of the chapter’s finances. This keeps your members in touch with the state of your expenses, and as a result, can increase the likelihood they will all participate in fundraisers and work to make your organization more profitable!

Share The Wealth.

It’s nice to have a good-sized nest egg for your fraternity or sorority, but it’s also important to give back to the people who are actively working to boost your organization’s funds. Surprise them with affordable and fun Sorority Apparel and Fraternity Apparel from time to time – it’s a walking advertisement for how great your chapter is! Greek Merchandise, such as Fraternity and Sorority Ornaments, Greek Glassware, Greek Jewelry, and more also make great gifts that really show your appreciation. You can also treat your fraternity or sorority members to small day trips and fun activities outside campus to reward them for their hard work in making your organization a success!

How do you encourage your fellow fraternity and sorority members to stay frugal? What are some low cost ways to have fun together?

*Photo Credit: evironmenteast.org

Billhighway Receives “101 Best and Brightest Companies to Work For” Award

09/22/2010

Company Presented with Prestigious Human Resources and Corporate Culture Honor

Sept 22, 2010, Troy, MI- Billhighway, the leading provider of Financial Performance Optimization services for membership-based organizations, was honored today as one of the ‘101 Best and Brightest Companies to Work For’ in the Metropolitan Detroit area.

The ‘101 Best and Brightest’ Awards were established to honor companies that recognize their team members as their greatest asset in several major cities across the nation. Companies on the list are leaders in creating organizational value and business results through their best practices in human resource management. The awards are highly sought after by competing companies in the area and a testament that Billhighway is an ideal place for team members to work.

“At Billhighway, we strive to attract, hire and develop the highest caliber of people in the industry. Hiring team members that know what they are doing, and who love what they do, has been a goal of ours since Billhighway began,” said Vince Thomas, CEO of Billhighway. “Our success as a web-based company in Metro Detroit could not be achieved without our exceptional team members.”

The Michigan Business and Professional Association (MBPA) honored the selected companies at an awards ceremony on September 22, 2010 at the Marriott Dearborn Inn.


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