In today’s era of digitization, online school fees payment systems have emerged as a promising innovation that is going to revolutionize the way fees payments work in the education system. Traditional methods of fees management are taking a back seat and online transactions are gaining precedence. Let’s have a detailed look as to how the concept of fees management software has gained such popularity and acclaim-
Digital school fees payment has become a solution to a lot of archaic and flawed fees collecting methods. Such management software is developed out of both – technical advancement and a need to eliminate lengthy and arduous manual transactions. Today, there is hardly any institution that does not offer its students the facility of making an online school fees payment showing a massive change in trends. Following are the factors responsible for these changes in fees payment methods-
In a circular dated 10th December 2016, the Secretary of Central Board of Secondary Education (CBSE), Mr. Joseph Emmanuel has asked all CBSE affiliated schools to go cashless.
Fees Management system can be defined as a school management software (including mobile apps) that allows
online school fees payment and streamlines all the inflows and outflows pertaining to the same. It is convenient for both the school administration and the parents to manage timely payments in a hassle free manner. The fees management system is an indispensable technology in today’s time due to the following reasons –