How Student Fee Management Software Can Benefit your Institution

How many times have you lost your cash or cheque while standing in a queue for paying your child's fee? How many times have you faced cheque bounce problem? We at Yoctel understand the difficulty that parents and even students have to face at the time of fee submission. For solving this problem, Yoctel has developed and introduced a web based student fee management software that helps not only the students but parents as well to pay fees online without any hindrance. In this age, where everything is technologically driven, everybody has a question that whether this process can be simplified or not? The answer is yes, the process of fee collection and management can be streamlined and made easier. 

In the era of internet and applications, there is always a scope for things that can be done online including collection of the fees. There are a number of software developed for this sole purpose; but there’s nothing like student fees collection software for schools. Student fee management software is an online fee collection software that enables the administrators to streamline the fee collection. It has a smart fee management module with e-fee payment receipt in parent’s web or mobile app account. Apart from this it is also an integrated net banking solution to collect fee online; with the features of multiple fee reports class and student wise. It helps in saving time & paper and managing your accounts more efficiently as well. It has a feature of automatic fee receipt generation wherein the parents or the students get the fee receipt directly online, without having to go anywhere or stand in long queues. The administrator receives an automatic SMS alert on the mobile device as soon as the payment is made by the students or the parents. 

Following are some important features of the student fees collection software and the benefits they will provide to the educational institution when implemented:

• Quick and rapid payments: The payments can be made online rapidly and an online receipt is created immediately, so that there is no hassle of visiting the school/college and stand in queues to collect the fee payment receipt. Along with this secured payment gateways are provided to the students so that the payment can be done easily, quickly and effortlessly, without any chaos.
• User-friendly Application: The software has a user-friendly interface with a step-by-step instruction on how to manage and make payments through it. It ensures that the process becomes easier not just only for the students but also makes it quite comprehensive for the parents to make the payments.
•  Account Management: There are number of students in college and therefore the individual accounts of the students need to be properly managed and taken care of. The accounts of the students are created so that all the payments can be easily managed and tracked including admission fee, library and extracurricular activities.
• Payment Security: It is believed that online payments are unsecured and harmful for making payments and other transactions that is the reason why they are mostly avoided. But, with the fee management software, now the transactions can be secures and made rapid without harming or hindering the transactions.
• Receiving and Sending Alerts: Most of the time, either intentionally or unintentionally the students somehow fail to submit the fee on time. But, this feature sends a push notifications as well as SMS, E-mail alerts to the students/ parents before the deadlines making it impossible for them to forget or failing to pay the fee.

Conclusion: Student fees collection software for Institutes is an asset for the educational institutions but the entire educational world. The solution is beautifully integrated with many beneficial features. This software completes the lackness in the system by the data fetched from the students as well as parents. The system additionally reduces the use of paper, money and increases the administrative functionality and productivity of the institute.

Also read: Benefits of Student Fee Collection Software For Academic Institutions