5 easy steps to improve school fee collections

In the quest of revamping the education system, technology has played a crucial role in improving every aspect of the academic process. When candidates have to apply for admission to courses, they have to stand in long queues and make fee payments for applications. Filling out application forms manually is quite frustrating and time-consuming. Schools are under pressure to track and communicate with applicants and provide information. They are looking towards a cost-effective fee management system that can capture student data, automate and streamline their fee payments, improve communication, and generate comprehensive reports across web and mobile devices. Here are 5 easy steps for schools to improve fee collections and reduce costs:

1. Online form filling

Technology has become a game-changer for schools, colleges, and universities. Nowadays technology is mission-critical throughout the student lifecycle. Tools help you create multiple forms, fill and sign up forms, and submit documents in just a few clicks.   

2. Eliminate manual work

Every prospect wants to stay connected with current admission updates in campus. Some applicants attach documents to forms, for instance, then they are unable to track documents later. And editing capabilities in forms tend to be limited and cumbersome. A lot of students application forms online instead of submitting forms manually. Students can apply for forms online and attach their photos by simply taking a selfie with their smartphone camera.

3. e-Signature

There are tools for sending out forms and letters with digital signatures and audit trails to track different electronic documents including certificates, files, and signed by staff to ensure authentication.  

4. Automated fee tracking

Pay all types of fees in a safe and secure environment according to your convenience on web and mobile devices. The automated fee management software enables schools to manage and track fee payments and outstanding amounts from students using less workforce and staying stress-free.

5. Fraud prevention

The fee-tracking software offers transparency and better detection and prevents fraud for educational institutions through real-time dashboard reports and analytics. This ability allows schools to monitor fee deductions for various categories of students in the class and retrieve unpaid details. Generate customized reports on fee collections, consolidated fee statements, etc. for the academic period to track improper fee payments and make faster and more informed decisions. Send instant fee notifications and reminders to students and parents to make all transactions faster on web and mobile devices to improve operational efficiency and reduce costs.