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Fincom Technologies, a subsidiary of Service Cops Limited, a Ugandan technology company with a presence in the Great African Lakes region recently announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP.
SchoolPay ERP is a major upgrade to SchoolPay- the Revolutionary Educational Institutions Management Solution used by thousands of schools.
The new SchoolPay ERP boasts several new features and a multi-user dashboard with several functionalities for school owners, administrators, parents and learners. It makes it easier than ever, for school owners and administrators especially to smoothly manage their educational enterprises in a few clicks.
SchoolPay ERP can be used by educational institutions at all levels; from daycare centres, all the way to Universities in both rural and urban settings.
The improved SchoolPay ERP introduces several new features and value-added services that make it even easier for owners and administrators of educational institutions to efficiently and profitably run their educational enterprises while allowing parents more flexibility in school fee payments as well as convenience in tracking the progress and performance of their children.
According to Charity Atukwatsa Mutagamba, CEO, Fincom Technologies: “With the new features and value-added services, the improved SchoolPay ERP helps streamline administrative tasks thus saving time and resources. It also greatly improves financial record-keeping accuracy, enabling administrators to make informed financial decisions”.
“The new SchoolPay ERP offers one central digital place to manage your school. From a comprehensive student information management system to a real-time transaction view, as payments are made as well as real-time reconciliation between students, banks and schools, it eliminates the need to maintain multiple school collection accounts with payment providers. It has a powerful inbuilt reporting and business intelligence module,” she adds.
Some of the major SchoolPay ERP modules and enhancements include:
- Accounting Module: This module is crucial for administrators as it streamlines financial management, enhances transparency, and simplifies the auditing process, allowing schools to make informed decisions and maintain financial integrity.
- Report Cards: SchoolPay’s Report Card module offers a comprehensive, easy-to-understand overview of student achievements, fostering a culture of recognition and continuous improvement. For a parent, it provides immediate access to their child’s academic progress,
- Budgeting: The ERP budgeting module is the best for school Administrators as it enables them to maintain financial discipline, plan, and achieve the school’s financial goals thus ensuring resources are optimally allocated to where they can make the most difference.
- School Fees Savings: The School Fees Savings enhancement makes education accessible to all. Students and parents can save against their payment codes and pay school fees when the time comes. This empowers every parent to actively participate in their child’s educational journey irrespective of their location or financial standing.
- SchoolPay Loans: Parents can access loans from SchoolPay to take their children to school and pay later. The availability of this enhancement is a significant relief for parents facing temporary financial difficulties ensuring that their children’s education can continue seamlessly.
- SchoolPay Pocket Money: Parents can deposit pocket money directly onto their children’s cards, ensuring instant access whenever the student needs it. This eliminates the hassle and risk of students keeping physical cash, providing a convenient way for students to manage their expenses.
How Schools Can Join SchoolPayERP
To join SchoolPay ERP, schools have to open an account with one of SchoolPay’s partner banks. Upon opening the account, schools then have to prepare a student data sheet with the students’ biodata, class and contact details. They will also have to provide Detailed School Information, such as location, School badge/logo as well as phone and email contacts.
All the above data should compiled and sent to support@schoolpay.co.ug or schools can contact the support team on 0200502140. The SchoolPay support team will promptly respond to guide the school administration through the next physical steps as well as provide the necessary training where needed.
About SchoolPay ERP
Premiered in 2016 with just one school, SchoolPay has since grown to serve nearly 12,000 schools and over 5.2 million students in Uganda alone, with over 20 partners that include banks, telecoms and other non-bank fintechs. SchoolPay service can now be accessed through over 33 payment touchpoints.
The payment channels include:
- MTN MOMO/ Airtel MoneyUsing any registered mobile phone, users dial *165*4*3*2# for MTN MoMo or *185*6*2# for Airtel Money, and then enter the student code and follow the prompts. Parents are advised to confirm the School and Student details before authorising payment with their mobile money PIN.
- SchoolPay App: Download the SchoolPay Uganda App from Google Play or App Store and follow the prompts to pay.
- SchoolPay Website: Visit https://schoopay.co.ug, select pay school fees and follow the prompts.
- WhatsApp Chatbot: Send a Hi to +256 773 676 857 and a menu will pop up that guides users on how to pay.
- Agency Banking/Banking Hall: Depending on the school’s banker, parents/guardians can walk to any agent or branch outlet of their school’s bank and simply present the student code and the amount to pay.
- Mobile Banking: Where applicable, parents/guardians with bank accounts within the same bank as their school may pay school fees using funds in their account via the respective bank’s mobile wallet option or through the bank’s mobile banking App.
Others include PayWay and Interswitch platforms.
To monitor payments, school administrators are provided access to a free web portal/dashboard to have a real-time aggregated view of all payments made from various channels. The portal also helps to register new students and manage existing ones, print receipts, set school fees bills, and block or allow part payments.
SchoolPay ERP can be used by educational institutions at all levels; from daycare centres, all the way to Universities in both rural and urban settings.
Service Cops is ISO 9001:2015 and ISO/ICE 27001:2013 certified for Quality and Information Security Management as per international standards.
To get your school connected to this revolutionary school management system, contact SchoolPay via:
📞0200502140