How to improve student loan repayments with fee management software?

Getting frustrated from collecting all the fee dues from students? If you have to deal with a lengthy list of student loan collections and cannot catch up on tuition payments quickly, you may end up with missing fee payments and falling behind on the collection schedule. 

Cloud-based fee management system makes your fee collection smooth and accurate with powerful analysis and forecast of future delinquency. Administrators can view student fee dues, follow up and gain more control on collection. The college fee management system offers a single platform to capture all the information you need, all in a single location. You can save significant amounts of manual work and time, and maximize your revenue in a hassle-free and paperless campus. 

Using student fee collection software, you can define fee structures, create fee schedules, add discounts, create installment plans, pay online and issue receipts automatically. It also generates reports on outstanding fees with automatic alerts and reminders via email, SMS and push notifications from mobile devices.  
 
Online accounting and financial management software comes loaded with amazing features for more powerful controls to help administrators and staff to increase their efficiency and optimize their resource allocation.

Features of the smart fee management system
 

• Invoicing options for tuition, lunch and other student fees
• Create installment plans for individual invoices or students
• Issue receipts automatically for paid invoices
• Add discounts and specify taxes on components
• Due to alerts and payment reminders
• Reports on fee dues and aging by student
• Track income and expenses from various heads
• Allow parents to pay online by integration with payment gateways
• Recurring invoices for automatic billing for repeated payment schedules
• Integrate with 3rd party cloud accounting software for financial compliance reporting

Benefits for administrators

• Eliminate standing in long queues and save time
• Reduce staff workload and optimize resource allocation 
• Auto-invoicing saves time on creating recurring invoices
• Automatic reminders ensure payment follow up
• Enhanced visibility into payment dues from students
• Projection on outstanding income with installment planning
• Fee default reduction with more aggressive collection
• Safe, transparent, and secure fee collection with online transactions
• Prevent payment fraud across website and mobile devices
• Innovate, grow, stay competitive and succeed