SCHOOL FINANCE MANAGEMENT (SFM)
Faster Processing
WITH HIGH-VOLUME SCALABILITY
System Overview:
The purpose of the School Finance Management System (SFM) is to implement new process and/ or application to increase the efficiency of the job entry process for tracking the invoice collection & the refunding of packages.
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SFM facilitates the process of entering new orders in order to increase transparency of tracking all invoices that had been done.
SFM provides high maintenance treatment of monitoring the invoice statuses and historical documents.
School Finance Management (SFM) Main Features:
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Streamline record keeping for tuition, athletic fees, class dues, graduation charges, and other student fees with time-saving batch entry.
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Design customized tuition and payment plans.
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Applying the appropriate billing plan to all students and pre-create their invoices for the entire year.
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Create invoices, letters, forms and financial reports, and other documents with the built-in reports.
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Produce daily receipt reports, aging reports, student and family summary statements, and combined invoice.
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Add-on feature to import & integrates with different School management systems (SMS) directly from the most widely used tuition management services.
School Finance Management (SFM)Â Specific Features:
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Manages and controls all the day-to-day financial operations.
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Creating and managing user security and access rights.
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Maintaining data integrity and synchronization between School management system (SMS) and SFM system.
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Managing and defining school packages.
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Managing student statements and settlements.
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Managing and creating billing orders.
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Managing partial orders.
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Managing refund orders.
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Creating and classifying different order numbers for each payment method.
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Creating and managing payment orders such as (Exam fees, Print certificates, etc.).
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Tracking each step of the order process from initiation until closure.
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Printing a daily receipt report for accounts and tracking the system.
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Printing a daily income reports categorizing receipts, charges, credits, and debits for any date(s).
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Printing a Detailed Student Statement.
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Printing whole school statement.
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Printing Due date report.
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Printing the consolidated and detailed remaining student’s statements.
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Providing helpful input and support in decision-making.
Customized Tuition Plans
Creating customized tuition plans with few simple steps.
Applying the appropriate billing plan to all students and pre-create their installment amounts for the entire year.
Facilitating Payment Entry
Allowing payment entry charges and producing invoices for each students, such as athletic fees, field trips and lab fees, uniforms, etc.….
Integrated with Other Schools Systems
We offer an add-on feature to import & integrates with various School management system (SMS).
SFM can draw upon information from other modules in SMS. For example, SFM can automatically determine charges for tuition fees from students’ enrolled year and insert those charges into their billing records.
