Many schools experience challenges around disconnected SIS and financial management systems, with their issues ranging from not having a single system of record to payment reconciliation being difficult and time-consuming. FACTS Premier Billing solves these frustrating issues by combining every school billing necessity into one experience.
FACTS schools who use Premier Billing benefit from a single experience for tuition payments, school lunch, childcare, incidental fees, family demographic management, and the application/enrollment/re-enrollment process.
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Benefits for Schools
- Premier Billing makes the SIS the system of record for all school processes, including billing.
- Use the power of consolidated student data to easily bill for cafeteria, childcare, class- or activity-based fees.
- A centralized reporting system allows the business office to see all tuition and billing activity in one place.
- Consolidated payment remittance means you have fewer bank deposits to reconcile.
- Charges initiated in the SIS (i.e., lunch or childcare) display in real-time on billing reports and for parents.
- Premier Billing creates a cohesive experience for parents, with one password and one system for parents to access all school information: calendar, behavior, homework, and billing/financial information.
- With Premier Billing’s streamlined processes, there’s no need to track down parents twice for enrollment/re-enrollment packet completion and payment plan set-up. Premier Billing allows schools to embed tuition plan selection as a required step in the enrollment/re-enrollment packet.
- Application and enrollment fees are processed and included in the school’s consolidated FACTS remittance for easy reconciliation.
Benefits for Families
- Offer a faster, easier way for parents to enroll using Premier Billing. Parents simply select a payment plan as part of their enrollment/re-enrollment process.
- Re-enrolling parents can pay registration fees using the stored bank account information in FACTS and view their enrollment fee payment in their FACTS financial activity.
- Parents can view academic information and pay tuition and fees from any device with one username and password.
- Premier Billing allows parents to access correspondence and account details, add funds to their prepay accounts, and make payments on tuition and bills from a single login.
- Your family data is kept under digital lock and key with the highest security standards in the industry.