Introduction to PayX Module
Overview
PayX is a comprehensive fee management platform designed to revolutionize fee collection and management processes within educational institutions. It provides a secure and convenient omnichannel payment system for stakeholders.
Key Features
Academic and Examination Fee Collection
- Streamline fee collection with multiple payment options and real-time tracking.
Fee Structures
- Configure various fee structures and manage them efficiently with a centralized payment module.
Scholarships and Concessions
- Handle student fee concessions and scholarships with an approval system, maintaining transparency and ease of access.
Student Fee Cards
- Each student gets a digital fee card, simplifying fee tracking and management.
Extensive Fee Reports
- Gain insights and detailed analytics on fee collections, pending payments, and financial performance.
Student Permissions
- Manage permissions related to fee payments, ensuring proper checks and balances.
Fines Configuration
- Set up and manage fines efficiently, such as for late payments or library dues.
Online Payments
- Facilitate easy online payments for students and parents via web and mobile app, enhancing the payment experience and convenience.
Impact of PayX
PayX has demonstrated a significant improvement in the timeliness of student payments, a reduction in administrative workloads, and an increase in financial accuracy and reconciliation.