All over the world, the governments and the people, in general, are moving towards a more digital world. The internet is no more used for simple communication, information gathering, and entertainment purposes, but full-fledged businesses are run on the internet these days. From buying groceries online to making payment of important utility bills, people, these days, prefer to make payments online, rather than waste time standing in long payment queues. Thus, it comes as no surprise that there is a growing demand of online payment system in educational sector for both the parents as well as the school management to integrate the online payment with the school management software.
Even the smallest schools in the country cater to at least a minimum of 100 or more students. The date for the payment of school fee is fixed and all the parents rush on this date to deposit the school fee. As a result of this, the queue for payment of school fee tends to be long, and parents have to waste an entire day simply trying to pay the school fee of their child. On the other hand, when the option of paying this school fee online is available, the parents can easily, sitting in the comforts of their home or office, make the online payment within a matter of a few seconds.
Integration of online payment system with the school management software is not only beneficial to the parents, but also to the school management. The number of staff members required for the collection of the school fee gets reduced drastically. However, the biggest benefit of going digital with school fee collection is that the problems relating to mishandling of cash received as school fee and other problems relating to cash get eliminated. The school administration has to no longer worry about carefully collecting and counting the cash received, tallying the figures with the accounts department and depositing the same into the bank. The entire fee gets directly deposited into the bank account of the school, and since these online payments are integrated with the school management software, therefore, data gets updated about which students have paid their fee and which are still pending, making the management of the school easier for the school administrators.
Thus, going digital with regards to school fee payment is beneficial to both the parents as well as the school authorities.