The method of collecting fees or managing accounts for any educational organization is something that demands a lot of time and effort. Suppose we talk about some years back; we all are aware that institutional records were managed with the help of paperwork. And we know that it was very hectic and time-consuming affair. However, thanks to new revolution of the modern era and development in online school fee payment system. The manual collection of fees is liable to errors, in this post we will look out for some reasons on why schools must adopt school fees payment online method for collecting fees via mobile and cloud -based fee payment system.
What’s school fees payment software?
The fee payment system is the software that is designed especially for fee collection online in schools and colleges or other education institutes. This helps to manage the fee infrastructure of the educational institutes. Such kind of software not just helps you make your work completely error free, but it also helps in saving lots of your man power and time. This management system will handle plenty of records on the internet with the help of this software. So, educational institute should use the fee management software that helps any organization in the fee collection process. There are some good reasons to know why schools must implement such strategy of collecting the payments via cloud or mobile-based payment system. This will be used for any kind of private and public institutions for automated billing or fee collection as well as to drive higher revenue, whereas saving 90% of the manual work.
Why schools need to have fee payment software online?
Like we all know humans aren’t robots or not computer and mistakes are bound to happen when it comes to fee calculation. And the fee payment software is one kind of blessing. The software provides totally error fee calculations & records maintenance facility, which helps any institution to run their fee system efficiently and smoothly. You may completely rely on the school fees payment online software for the student records & fee collection. This not just saves your time but provide effectiveness to an organization. Thus, technology has really made our life simple.
The school fee payment system solves a lot of problems for the schools and helps the parents to keep track on the fee payments in real time. There will be no manual records and calculations on paper or sheets. Using financial management and fee accounting software, the parents and students can use this new technology tools for connecting to different departments like finance, admission, hostel, transport, library and many more. This may result in the wider engagement as well as improved efficiency in the educational institutions with the synchronization of information on the fee collections. Fee collection or unpaid fee details about the students can easily be accessed on the mobile devices that includes Android and iPhone anytime and anywhere, beyond their campus.
What are the benefits of school fee payment software?
Those days are gone long back when people had to do fee collection work by hand. The new technology has completely changed the real meaning of collecting the fee collection. Now schools and colleges will use the school fee payment software to improve the efficiency in their management system. Suppose you have any doubts, here given are some benefits of using this fee payment system.
1. User-friendly
Online school fee payment system is highly convenient and effortless method of fee collection procedure. Decrease human work by around 90% with implementation of this centralized digital fee payment system. It has user-friendly & simple to operate interface. It is simple to integrate automated fee payment software in your school administration software in some simple steps and experience the ease and comfort of handling the paperless and secure platform.
2. Paperless Solution:
The most highlighted advantages of using the fee payment system are that it provides the paperless environment in collecting student fee. Administrative team needs to enter the data and maintain this on the Excel Sheets.
3. Student Profile Management
Create all the student’s profile and fill all the fields needed like the demographic data, guardians and parents’ details or emergency contacts. You can also drop fee details such as hostel, admission, exam, library, and fee for the extra activities and track receipts such as fees ledgers month-wise, date-wise, defaulters list, late fee depositors, or list of the class fee structure.
4. Simple account management:
With the help of this amazing software, educational institutes may maintain their student’s records very easily. They may save demographics of the student’s information such as their profiles and can track the student’s activities that include hostel fee paid, library or other activities.
5. Customizable Features
Online fee payment software makes it completely possible for the customization of the school fee categories according to school requirements. You can set different categories like Sports, Academic, Transportation, and Exam fee or Annually, Quarterly and Monthly fee or Class wise fee, Optional fee and Late Fee and more.
6. Secured Transactions
Select best school fee payment app that have the payment gateways pre-integrated. Also, in multi-user system, the payment service providers will follow the complete app level security & compliance process that will make account management convenient and secure. It offers very high-security formulas that help in the security deposit of the fees.
7. Quick payment:
Online school fee payment systems have made an overall process of the fee collection trouble free. Now teachers and students can deposit the fees from mobile app or website anywhere and anytime just by using the secure payment gateways.
8. Data backup
With advanced and automated fee collection software, institutes will get student’s record backup if there is any data loss.
9. Transparent and Reliable
Fraudulent and unauthorized practices aren’t permitted. With the payment tracking software, any suspicious actions will be traced allowing the high level of transparency as well as improving the cash management.
10. Digital fee payment system
Integration of the fee payment solution with the administration system makes the fee remittances much faster. You can pay school fees on internet with various payment options available like credit card, debit card, e-payment and net-banking either from the mobile or website. Thus, experience trouble-free processing & automatic generation of the school fee receipts.
11. Make reports:
Advanced reporting system will generate the fee payment reports as well as can track down the paid and the unpaid payment records of the students and create a report.
12. Data Backup
Cloud based fee payment system simplifies the things and offers the fast backup all along with the data synchronization feature. One can automate, simplify as well as deploy the library database flawlessly to make this simple for your organization and to benefit from the safe cloud services.
13. Notifications:
Now institutes will be able to send notifications to the teachers and parents about their fee payments status. You can send real-time alerts through reminders, messages, or through SMS alerts.
So, here are some benefits of using school fee payment online software. Suppose you are searching for the fee payment solution online, then Paatham is the reliable name in this industry. It’s offering highly efficient method with 128bit SSL security for the safe fee payment transfer.
Before using the software, it is very important that you train your employees to use this software. It is quite simple as our software happens to be very user-friendly. Suppose you want to opt for the tailor-made fees record system for your school and educational institution, then you must discuss your needs with us.
