While the education providers struggled to manage this effectively, the students and parents had to spend significant amount of time just to make necessary payments. In cases where the parents lived outside the country, having to arrange alternatives to carry out payments took a toll on the complete experience. And with all the payments coming through manually, errors were at its highest giving false financial data which affected the complete auditing process.
With digital payment system, students & parents can make payments from anywhere and at any given time. Missed and delayed payments can be completely eliminated with automatic payment reminders and notification. Cross border transaction can be carried out with any currency with advanced security and efficiency. Real-time payment tracking and integration with finance systems would give accurate revenue information for the management. With system generated invoices and online payments, manual processes would be minimized and critical errors will be completely eliminated. Detailed reports of revenue, student payment history, automatic reminders, SMS & email integration, custom invoice template only makes this entire process easy and cost effective.
Abzer solutions has built a strong knowledge repository of how educational institutes transact with students, families and donors, and have developed this advanced online payment solution, Course Fee® to address all the payment challenges that exits within the education sector.