IMPORTANCE OF A FEE MANAGEMENT SYSTEM
In an era of digital payments, where everything from phones bills to property taxes can be paid digitally, something that’s remained the same in most Higher Education Institutions (HEIs) is its fee management system. Collection and payment of college fees may have shifted to the online mode, but the entire process is still
Without a fee management system, payments and entries have to be done manually. Records and receipts have to be stored and ledgers will have to be maintained. The entire process will not only consume a lot of time but the administrative department would also need to store countless papers. A fee management system can automate all these workflows.
A fee management system is for those who would like to end the hassle of storing and maintaining countless documents and switch to a new digital way of keeping records. This will also allow the parents to pay their children’s fees from anywhere, at any time.
The advantages of having a fee management system
- Easy Access
Being digital, the data is accessible by parents, students, teachers and everyone else who is a part of the process. The system also allows parents and students to pay their fees from anywhere in the world, instead of standing and waiting at fees counters in school. This system also eliminates receipts as all data is stored online.
- Timely Updates
No more late fees or delayed payments as both parents and students receive regular updates for upcoming fees payments. This can not only be limited to tuition fees, but also for any other activity or event. Regular notifications ensures that students and parents do not miss out on important payments.
- Secured Data
With the entire data being backed up on the cloud, the system is safe and secure. The system can also allow multiple requests simultaneously, which means no more waiting for the fees. So, for a school that has multiple branches across multiple cities, this works out as an ideal solution to centralize fees collection.
- High Transparency
A fees management system provides complete transparency is all fee related transactions. All the receipts are generated in a centralized database. With the use of modern online security techniques, all the data is safe and secure. Since there are no manual entries, the scope for errors is also reduced.
- Environment Friendly
Being a paperless and automated system, this process has virtually no impact on the environment. The same process manually requires printers, fax machines and photo copiers and all these use extensive electricity and papers. TeachUs makes your system automated, paperless and good for the environment
The fees management system by TeachUs has countless benefits for school administrators. It allows school to scale activates without worrying about the extra administrative work. A fees management system makes it easy to manage user accounts. The easy-to-use interface also makes TeachUs very user friendly. Most importantly, TeachUs ensures that fees are paid on time so the school can save money, time, effort, and resources on fee payment tracking.