Centralised Stakes Payment (CSP) Project Update

As communicated previously, GRNZ are undertaking a project that will centralise stake payments to trainers and owners. Centralising stakes will increase efficiency, enabling the payments of stakes to be made the working day after the race meeting has been run. Each prize money payment will be documented and copies of the payment details will be made available to the trainer and owner via the member’s area on GRNZ’s website.

While there are many benefits to centralising stake payments we need to acknowledge that the current process works very well. Because there is not an urgent need to change the current process it is prudent for us not to rush the implementation of the CSP project. We had previously indicated that the project would be live on the first of November. This will no longer be the case.

To be clear, the project is in hand and remains a priority for the office. However, a recent court judgment means that there are some changes to how GST may be managed and we will need to make adjustments to our intended process accordingly. Also, as with many I.T. projects, the level of complexity is high and the need to have robust information in the system to start with means that we will need more time than we first thought to build database flexibility and population accuracy.

At this stage we are focusing on developing the automation code necessary to allow for GST implications, and for differences in stakes payment percentages. We are taking time now to re-scope all scenarios (including new ones) for the CSP process, and completing robust technology and customer experience testing before we confirm a new launch date.

GRNZ will not roll out the CSP software and process until it is fully developed and error free. We want to make sure we get it right.

We do apologize if this has caused you any inconvenience. If you have any concerns or questions regarding this update or the CSP project please feel free to get in touch with us at greyhound@grnz.co.nz. We will keep you up-to-date with the project developments and will ensure you have plenty of notice before roll-out commences.

Posted on 30/10/2018 2:45:38 PM

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