Managing fee records in school is difficult if done manually. There are multiple fee structures, various departments, and n-numbers of students; it’s an art to keep track of everything and be able to access the exact details whenever there is a need. It is time-consuming and lacks flexibility, transparency for parents, and students.
However, it becomes smooth with a fee management system to handle all the fee-related tasks in school. It gives a platform that connects the entire campus, multiple academies in one place, and simplifies administrative processes.
Here are the seven benefits of using fee management software in school:
- Streamline Fee Collection
Online Fee Management System gives you a centralized platform to handle all the resources in one place. It makes the entire process super easy, simplifies data management, and makes the workflow seamless. There is no need to use multiple software programs for a particular function. Parents can submit the fee online via Parent Portal or Mobile Apps; there is no need to come to the institute and wait in line to do the same.
- Scalable & Configurable
Every school strives for growth, and therefore it should have the software that can support the development. Academia ERP is such enterprise resource planning for educational institutions. Its fee module is scalable to the needs of the school. It is adjustable to increasing numbers of free spectrums, making it easy to use education ERP. If a school has multiple campuses in various locations, it is configurable, according to every institution.
- Mobile Apps, SMS & Email Integration
No more paper waste! School Fee Management Software is provided with the facility with the SMS & Email. Students and parents get the notifications for upcoming/pending fee details. After the fee submission, they again get the confirmation message for the same. Not only that, but they can also access all these details and previous fee records via the app. Academia ERP offers a Student/Parent App for the same to give them the power to access the details anytime, anywhere.
- Invoice Management
With the automation of fee management processes, invoice management becomes hassle-free. All the invoices for tuition fees, registration fees, scholarships, sponsorships, etc. all can be done quickly with this software. Users can send the e-invoice to parents/students or share the document in their portal. It reduces the stress of paperwork and storage.
- Fast payment
Fee submission can be as simple as buying stuff from Amazon e-commerce. Within a few clicks, parents/students can do the transaction any time they want. Fee management software is integrated with multiple payment gateways that provide quick remittance for fast payment, which is safe & secure. They also access various payment modes, such as VISA, MAESTRO, credit/debit card, internet banking, etc.
- Comprehensive Reports
School Fee Management applications provide a comprehensive and smart reporting engine for the entire department. With its analytics, you can efficiently deal with fee structure student-wise, course-wise, and more. It also offers visual aids with colorful charts that help in faster and better-informed decision making.
- Easy Calculation
Some schools offer scholarships, sponsorship, sibling discounts, and more facilities like that. With the school fee management software, you can perform all the calculations within seconds. There is no need to go through calculators and paperwork.
In Conclusion
Implementing this software is highly beneficial for schools as well as higher education. It empowers educators, saves significant time, makes management processes proficient, and easy for everyone. It reduces the staff workload, makes fee records error-free, and allows them to focus on students.
Do you want to streamline the fee management process in your school? Check out the working of the Fee Management Module in a FREE EDUCATION ERP DEMO with our experts. Book Now!
