Fees Management
Effective and digital fee management has become a need for all educational institutions. A subpar solution might lead to several issues at the custom settings, report, and management levels. Today, every educational institution need a dependable and efficient fee and financial administration system.
Fees Management System
A substandard solution may result in inefficient operations, time loss, and even financial losses. Not only does a quality solution give simplicity, but it also increases profitability and financial data accuracy. Fees are the single primary source of money for schools and colleges. Effective administration of fees may facilitate activities that are both convenient and effective. In several instances, inefficient finance management causes numerous operational challenges in an educational institution.
Academic Timetable
We are pleased to announce that Smart Education has become the preferred fees and financial management software for educational institutions. Today, thousands of educational institutions depend only on the Smart Education system to successfully handle their financial data and records.
A dynamic Fee Management Tool for your Institute
Fees Management System for
Educational Institutes
1
Fee Categories
Managing students’ Fee information is a crucial feature of colleges in the modern day. This involves the academic division and the administration or financial department of the institution.
The SmartEducation Charge Management System facilitates the management of a dynamic number of fee types.
In addition, the platform allows you to maintain Discounts that may be applied to individual students when they pay their Fees. There are comprehensive options for bulk discounts, etc.
The discount may come in the form of an Academic Scholarship, Category discount, Financial Assistance, References, School Staff Children, Student Reference, and so on.
2
Fee Receipt Setting
Digital platform for managing student fee receipts.
Using the SmartEducation ERP software, design your Fee receipt according to the institute’s format and standards.
Generate automatically the Fee receipt number per institution, department, or Trust/Company.
Add a custom receipt number to the system-generated Fee receipt in order to connect it with your accounting records.
3
Deal with Fee Installments
Parents spend considerably in their children’s education to ensure their futures in the modern day. Therefore, institutions have established several options for parents to pay tuition in instalments, and we provide a means for institutes to handle these fee payments in the most efficient manner possible.
Not only can you control your Fee instalments, but you can also specify a due date and apply a late-payment penalty if necessary. Additionally, parents may change their payments by paying in advance, according to their convenience.
This relieves parents of the need to pay the whole sum at once, allowing them to manage their annual budget.
Institutes are able to handle payments that are preferably made weekly, quarterly, semiannually, or annually. They may also tailor the fee payments to their needs and digitally manage all student fee transactions.
4
All fee Accounts
Using the SmartEducation ERP software, you can easily access data on Fees received in different categories via various ways of payment and produce diverse reports.
It is possible to produce fee reports for Total amount to be collected, amount paid to date, amount due, amount returned, and amount granted as a discount.
The simplest method to handle payments made by check and get information about its current or past status. The different processing phases of a check, such as Received, Deposited, Cleared, and Bounced/Cancelled, may be created as a report for current and past dates.
Fee reports may help you determine how much money is still owed to your institution, allowing you to better plan for future payments from students and ensure that you do not miss any payments from parents.
5
Interest-free EMI Service
As the need increases, SmartEducation is dedicated to partnering with other Financial Technology solution providers to provide further vital products that simplify the lives of all stakeholders.
We have just joined with a reputable Financial Technology business in order to provide No-Interest EMI. This programme allows parents to apply for an EMI option. If their credit score meets the requirements, they will get a credit line within 24 to 48 hours to pay for school fees in advance with an auto-debit EMI option and no extra interest costs.
Schools get tuition in advance for the whole academic year, which is very useful as operating cash.
6
Online Payment Processor – Are you exhausted from handling massive crowds at your location during Fee payment days?
Collect fees electronically by integrating a payment gateway solution into the institution administration system of SmartEducation. Digital fee collection has become a need for all educational institutions. It provides an integrated, efficient system that makes the whole process and operations very effective and saves significant time and resources for all involved parties.
Accessing payment transactions conducted by parents/students would be worry-free for institution owners. Keep an eye on the SmartEducation website and application, and also get SMS and application notifications about the same.
Parents may make payments from the comfort of their own homes rather than travelling to the institution. This payment method is also helpful for times when the parents are out of town, allowing them to never miss an instalment payment due date.
Our payment gateway accepts Credit/Debit cards, Internet Banking, and UPI transactions.
Digital fee collection has already been implemented by all of the main institutions. Having a stable and functional model with high payment success rates and no problems enhances the whole experience.
Accepting fee payments online not only increases efficiency, but also demonstrates to parents that the institution cares about providing students and parents with a superior experience.
support@cdwt.empowertheworld.ca