Breaking the late school fee payment cycle!

As families soak up the winter holiday break, is your school’s administration team dreading getting back into the cycle of chasing fees? It can be hard to catch your breath when you’re invoicing for the coming terms while still chasing outstanding fees from the previous ones.

PaySmart can help you gain control again

We know families face a range of challenges and different scenarios when it comes to their lives and finances. But by offering direct debit billing as a school fee payment option, it can relieve the pressure that comes with mandatory up-front, lump-sum payments.

Does the thought of having to set up a new system seem like more trouble than it’s worth?

Schools are busy, and often have limited time to change systems and implement something new. However, PaySmart offers an incredibly simple payment system tailored to the needs of schools, and the best part is that we can have you up and running within less than a week.

How does it work?

SchoolSmart follows a simple three-step process and gives your school families the ability to choose a payment frequency that suits them.

By using PaySmart’s tailored SchoolSmart system, your school’s administration team won’t have to:

  • manually enter parents’ payment details
  • receipt payments to parents, or
  • follow up late or dishonoured payments.

PaySmart’s SchoolSmart system is easy to use and will:

  • simplify the payment process
  • reduce the pressure on your administration team at critical times of the year, and
  • transform your school’s billing systems so your payment rate skyrockets!

What are the benefits?

When you can count on the fees coming in on time, every time, you know where you stand with your budget and it can also help you to better manage your cash flow. And if you ever experience any dishonoured or late payments, PaySmart will follow them up on your behalf, freeing up your staff to work on other projects that benefit your school.

If you’d like to find out more about PaySmart’s expertise in the Schools sector and how we can help you lower the dishonour rate on your fee payments, talk to one of PaySmart’s Business Development Managers today.

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