At CHRIMS, we're focused on providing our customers with 'total solutions' for pari-mutuel accounting and settlement services. Our approach is to leverage the software and systems we've developed to help streamline the hours needed to manage the AR/AP side of host and simulcast accounting.
Our service bureau employees are well-versed in the jurisdictional rules and regulations governing pari-mutuel revenue and expenses for live and simulcast racing operations.
We have invested heavily in the technology needed to interface with all of the major totalisator providers and Advance Deposit Wagering (ADW) systems. We've archived decades of past tote data to provide a robust environment for reporting and analysis.
Given the enormous amounts of money that circulate throughout the parimutuel industry, we take our commitments to financial security and compliance extremely seriously. To that end, CHRIMS undergoes annual SOC I and SOC II audits. We also work regularly with race tracks, ADW companies, and the banking industry to help maintain anti-money laundering standards, including training parimutuel employees on those programs.
Our solutions are all web-based, which means you do not have to purchase any special hardware or software. This also means that your company will never need onsite maintenance. All you need is a computer with an internet connection and a web browser, and you're ready to go!
Feel free to contact us for a demonstration and needs analysis, at no cost to you. We'll show you what we have done for other pari-mutuel gaming companies, and recommend a roadmap for success that fits your company's particular needs.
The CHRIMS system has cut down on processing time by 16-20 hours per day. Every morning our handle is loaded and waiting. With all of the reporting features, we can analyze data and utilize our time wisely. Our AR aging has decreased and our Cash Flow has never been better.
Greg Gelyon
VP of Finance Tampa Bay Downs
I have been a user of CHRIMS since its inception. It used to be that I'd have to input daily data in order to even begin to analyze our results. The ease with which I can sort through information in CHRIMS has made analysis a much timelier possibility.
Gina M. Lavo, CPA
Vice-President, Finance Los Angeles Turf Club, Inc.
Data is readily available, our Accounts Receivable processing has been incredibly streamlined, and there are literally no settlement issues. The CHRIMS staff is always helpful, and even with the West Coast time differential they seem to be always available. Keeneland prides itself in being a leader in Thoroughbred racing, and the association with CHRIMS certainly helps to maintain that status.
Jim Goodman
Director of Simulcast Operations Keeneland Association, Inc.
CHRIMS – PGSI has been a strategic solutions provider to The Stronach Group and AmTote for over 10 years. Our most recent project with CHRIMS-PGSI is the implementation of their pari-mutuel settlement and distribution system for all TSG properties. This has enabled us to create a unified view of net settlement and money room shift between us and all the host and guest communities that we interact with, and CHRIMS-PGSI has done a great job in working with us during this complex and challenging project.
Steve Keech
Executive V.P. of Business Development & Acquisitions, The Stronach Group