Educators are constantly on the lookout for innovative solutions to manage the administrative and financial operations of their schools. To address this need, Teachmint, a leading education infrastructure provider and creator of the Integrated School Platform (ISP), has announced the addition of a comprehensive financial management feature, FinCloud, to its all-in-one school digitization solution.
FinCloud is a verticalized solution designed specifically for educational institutes. It brings many benefits, streamlining fee operations with accurate data tracking over various fee structures, automating sending alerts to parents, maintaining transaction logs, and generating advanced reports for better insights.
The feature seamlessly integrates with Tally and QuickBooks to ensure seamless collaboration with existing accounting processes. The integration synchronizes all stakeholder data from cash inflow and outflow with Tally and QuickBooks, eliminating manual data entry and ensuring accurate financial reporting and transparency at scale.
Another feature of FinCloud is Teachpay, a cutting-edge fintech product introducing modern payment technologies to schools. With Teachpay, schools can offer online payment options, set up automatic debit for fee payments, and provide tuition fee financing for flexibility.
FinCloud also includes expense management that empowers schools to track different cost categories, providing a comprehensive financial health overview. This allows schools to identify cost-saving opportunities and manage expenses efficiently.
The addition of FinCloud to the Teachmint Integrated School Platform is a big step towards providing schools with a comprehensive suite of tools that streamline administrative processes, optimize resource allocation, and foster a conducive environment for teaching and learning. With its innovative and powerful SaaS solutions, Teachmint is catering to the end-to-end needs of all education providers from K-12 schools to after-school tutoring, universities, creators, and even EdTech.
With the help of Teachmint’s financial management feature, educators can now manage their school’s financial operations more efficiently and transparently. This will enable them to focus more on what they do best – imparting quality education – while Teachmint takes care of the management needs.
