A crucial module to handle the financial transactions…
1
Billing and Invoicing
Generate invoices for fees and services offered by the institute. Customize billing cycles and payment terms.
2
Payment Reminders
Send automated reminders for upcoming payments or overdue balances. Customized communication preferences for notifications.
3
Payment Tracking and History
Maintain a detailed history of all transactions, including payment dates and amounts. Provide a searchable database for tracking individual payments.
4
Discounts and Promotions
Support the application of discounts or promotional offers. Track and report on the effectiveness of discounts.
5
Late Fee Management
Automatically calculate and apply late fees for overdue payments. Customize late fee structures based on institute’s policies.
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Customizable Payment Plans
Allow creation of customizable payment plans to accommodate varying financial situations. Set up installment options or deferred payment schedules.
7
User Authentication and Authorization
Implement secure user authentication to prevent unauthorized access to payment-related functions. Define roles and permissions for different users within the organization.
8
Payment Processing
Provide flexibility for one-time payments or recurring fees with various payment methods, including credit cards and electronic funds transfer (EFT). Manage and automate the calculation of fees for services, courses or memberships for secure and efficient transactions.
9
Refund Management
Handle refund requests and process refunds in compliance with institutes policies. Maintain transparent records of refund transactions.
