Host Fee Application
The CHRIMS Host Fee Application is a simulcast contract management tool that is utilized and shared by your Legal, Accounting and Simulcasting Departments. The communication of host fee rates within organizations has been a longstanding point of weakness in the horse racing industry for many years. This application will house and centralize all pertinent information from your simulcast contracts making it easy for the necessary departments
Here are some of the features and abilities you’ll gain by using the CHRIMS Host Fee Application:
- Create ‘contracts’ right within the Host Fee Application
- Enter the host fee rates and start/end date for all negotiated rates
- Ability to enter all variations of host fee rates currently used throughout the industry including rates as a percentage of handle, rates as a percentage of takeout, rates by pool type, flat daily rates and more
- Get your customized ‘rates page’ created and printed right from the Host Fee Application
- The Host Fee Application will alert the user when contracts are set to expire
- Ability to enter separate rates for special single day events such as Breeders’ Cup or Triple Crown Races
- Grant read-only access to departments within your organization
Contact Us today to schedule a free demonstration to see how our host fee application can fit the needs of your organization.
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