Fee & Finance Management
Financial management plays an important part in education institution as any other system in the institution. The financial management has to organize the funding for employee salaries, student programs, events, maintenance of the building and grounds, classroom supplies which includes textbooks and technology.
Finance is not only a major part of the institution but it is also a serious moral principles area. The finance management works in favour of institution when it comes to funding and tracking of the funds, the management often consults with the other responsible departments and people before making the financial decision.
Use of financial management in educational institutions
- Best use of monetary funds.
- To make sure the supply of funds in the institution.
- Providing the best investment options to invest in.
- Institute plan in a better way with the help of financial management.
- It helps the educational institute to effectively allocate the funds.
- Institute will make the best planning of the funds.
- Profit of the institute will increase in the future.
- Financial decision will be made seriously.
It has become mandatory for every educational institution to manage the fee effectively and digitally. A good solution not only provides convenient but it also improves financial data accuracy and profitability. Fee is the only one major source of income for an educational institute. There can be a lot of operational issues due to ineffective financial management in an educational institute.
Cyborg ERP fee and finance management module will help educational institute to manage their financial data and records effectively. Our fee management system for educational institutes provides the facility to make the different fee categories, helps to manage fee installments & Head wise fee dues and collections, Manage the student Fee receipt on a digital platform, Fee reports of total amount to be collected, amount paid so far, amount due, amount refunded or amount provided as a discount/scholarship can be generated, generate diversified reports by the data of fees collected through various categories and from different modes of payments, educational institutes and collect fee cashless by integrating the payment gateway solution in Cyborg ERP.