Most organizations like schools need some kind of online payment and invoicing solutions. Even nonprofits need a way to process donations or charitable contributions. The same goes for universities and colleges.
However, many schools face the old payment and billing system. Some have not yet leaped paperless billing, while others are stuck with the wrong paper and digital technologies that leave students, parents, or alumni confused and dissatisfied. The good news is that this doesn’t have to be the case.
Whether your school adopts a solution for digital payments and invoicing, or you are just looking at your options, there is a solution that suits your needs and the needs of your students.
1. ACI Speedpay
ACI Speedpay, brought to you by ACI Worldwide, promises faster payments, better security, and better student satisfaction. they use it in schools in the USA and around the world. It offers a comprehensive solution that allows your school to quickly receive and process payments online, all without the extra work of your overloaded IT team.
ACI Speedpay is design to improve student satisfaction, but also reduce call center workload by up to 33%. It reduces document delivery costs and improves security and compliance while reducing associated costs while helping you pay your fees. It also integrates directly with Ellucian, Oracle, and Anthology for seamless operation.
2. Rediker Software
An industry veteran, Rediker Software offers plenty of benefits for schools and universities seeking a digital payment platform. The company’s Billing Plus module is designed to integrate with AdminPlus (an administrative suite of tools) and bring paperless billing capabilities to schools of all sizes. It also offers a range of other features designed to make life simpler for your admin team.
Billing Plus offers a streamlined solution for tuition, class dues, graduation charges, and other records. It also supports custom tuition and payment plans, while allowing you to create branded reports, invoices, or other billing documents easily. Administrators can email invoices directly to parents and students; The software also generates financial reports at the click of a button.
3. SchoolCues
Although its system offers one of the best online payment solutions for schools, SchoolCues is a digital payment processing system designed for schools of all shapes and sizes. It is also one of the cheapest options on the market and schools do not have to sacrifice anything in exchange for this opportunity. However, it should be noted that SchoolCues is a comprehensive school management system with an integrated payment module.
The payment module offers simplified tuition management that includes handling late fees. It also accepts multiple forms of payment, including credit cards, debit cards, and checks. It integrates with QuickBooks and provides recurring billing, auto-pay features, over and underpayment reporting, along with a great deal more.
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4. CompuWerx
CompuWerx offers Tuition Pay—a powerful solution already being used by over 8,000 clients. This robust online payment system can improve student and parent satisfaction, and enrollment, improve student retention and further increase school profitability.
This toolkit offers a wide range of options for schools. For example, you can send a direct e-invoice for an instant payment lesson. The software is also available on all devices, including smartphones. You can set up payment plans, give your students a “quick payment” feature that allows them to pay fees without having to log in, and more.
5. Blackbaud
Blackbaud Tuition Management ™ provides “smart solutions for streamlining payments and income for your educational institution”. This software is used in private schools as well as in higher education institutions throughout the United States. It’s accessible across all facilities and helps create a unique experience for students, parents, and even your office staff.
Blackbaud allows you to accept multiple payment methods. In addition, it allows the creation and management of routine tuition payment plans. Students can pay monthly, semesterly, in full, or otherwise. It also provides specialized fees to help reduce costs.
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