Use of Digital Payments in Education Industry
Every academic institution's first weekday the administrative staff is busy collecting payments from parents in the admin office. Parents queue for long periods of time, waiting to deposit the fees and rush to work. The administrators, on the other hand, spend most of the day collecting payments, inputting data, and issuing invoices.
Let's understand the traditional method of payments
Establish Collection Program
Develop list of school expenses such as uniform, books, fees, picnic fees, library.
Create a hardcopy for the parents for these expenses.
Data is collected through the print out forms received from parents.
Different forms for library, school, uniform, picnic fees.
Send cash through their children for payments.
Parents use Bank NEFT to pay school fees.
The cashier maintains records manually for the transactions.
Recheck Data Processes
Staff checks all the details filled by parents.
Manually start entering receipts.
Cash is deposited in the bank.
Parents receives a notification that the payment has been successful.
Issues with Traditional Methods of Payments
Risk of mismanagement of documents
Time consuming to check if data is correct in all the papers
It is resource intensive
Manual processes may lead to uncertainty in financial transactions.
Parents have to pay interest rates if they forget to pay
Steps AuroPay takes to Solve the Above Problems
How Does it Work
Aurionpro Solutions Limited
Synergia IT Park, Plot No-R-270, T.T.C., Industrial Estate, Near Rabale Police Station, Rabale, Navi Mumbai-400701
Grievance Redressal Policy
Terms of Services
Refund and Cancellation Policy
Copyright © 2022 AuroPay All rights reserved | An Aurionpro Payments Company