Financial management is an integral part of efficient and effective financial management in schools. It is fundamental to the improvement of the efficient and effective use of finances in schools. If principals and head of schools are well trained on their roles and responsibilities regarding financial management, they will be able to effectively deal with financial matters of schools. Several questions may arise. Questions like;** “How do I take account of the accurate expenses of the school every session?” “How do I collate the total or average of inflow and outflow of funds in every session without errors?” “How do I keep track of the cashflow in every session?”** Answering these questions using the old-fashioned book and pen approach is bound to result in a few errors or more. You probably see evidence every day that your school operations need an upgrade. And it's not just about responding to the pressures of a pandemic. Improving school management and operational systems can help benefit your students, parents, teachers, administrators and your community. There is potential for improvements in areas such as financial tracking to improve your administrative experience just by taking a fresh look at school management systems. Many of those benefits may be locked behind long-standing inefficiencies and processes that may no longer align with your goals. A lot of school managements are suffering under the weight of slow back-end processes that leave all parties drowning under a sea of form-based work. But by having an open mind and reaching out to understand the potential of automating school operations through digital transformation, you can potentially move forward into a new future of better results!
**Some of these benefits are: **
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Anytime and Anywhere Fee Collection One of the primary functions of the fee collection feature in the finance section of your school management system is that fee collection is no longer a painful chore for administration. With a robust school management system like CLOUDNOTTE, fee collection becomes easy! Parents are aware of their dues in real time and can pay on the go from anywhere on the device of their choice. Fee collection is no longer about repeated paper notices, phone calls, or man-hours wasted chasing down a fee payment. Instead, all these processes are automated by your school management system.
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Easy Payment Receipt Generation Paperwork can become so overwhelming for any organisation, but this issue is heightened in a school that seems to still run entirely on paper. A school management system eliminates the need for the parents by parent generation of receipts by hand for the administrative or finance team. Instead, the features of CLOUDNOTTE allows for automatic fee receipt generation once the payment is made, which is then kept by the parent for their financial records. Seamless and efficient!
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Easy Tracking of Cashflow in a Session Knowing exactly how much gets allocated to several sectors of the school in a session can become so tasking for any school but this could be worse if all your reports are written on paper which could get lost or even destroyed by simple accidents! CLOUDNOTTE gives you the benefit of tracking your cashflow in real-time! Sounds really helpful right? As an administrator you have the ability to monitor how your school is being funded from anywhere in the world just by making use of the best school management system.
**STAY ON TRACK WITH THE FINANCIAL HEALTH OF YOUR SCHOOL TODAY! STAYING PREPARED IS KEY TO ENSURING THE FINANCIAL VIABILITY OF YOUR SCHOOL.
JOIN CLOUDNOTTE TODAY TO ENJOY THESE SEAMLESS BENEFITS**
Sign Up for free at www.cloudnotte.com to get started today!!
