Educational Institutes requires constant funds to run successfully. From student admissions to faculty salary payment, there is hundreds of other important financial transaction that take place within an educational institute.
Financial Management Done Right
Financial Management System of OpenEduCat takes care of all the financial transaction compassing the institute and provides the platform to integrate payment system directly into the platform.
With detailed accounting at hand, institutes can configure and manage different sections such as Customers, Suppliers, Bank and Cash, Journal Entries, Charts, Periodic Processing, Reporting, and configuration.
Administrator For Better Control
The finance administrator can create customer invoices or either imports them to use in the system.
Invoice Creation and Currency Support
Creating invoices is easy and intuitive. The system also supports different currencies for easy local implementation.
Control Recurring Payments
Many services within the educational institutes are recurring or periodic in nature. Some of the most common services include student fees, charities, faculty salary and others. They require being processed after a certain period of time.
To manage them better, the financial management system offers periodic processing. The periodic processing improves the working of the financial team and makes sure that no recurring payments are missed.
Flawless Bank Integration
The OpenEduCat Financial Management System offers Bank integration and the educational institute can easily check their bank statements. Other than that, they can also manage Cash registers.
With so many options available, the educational institute would never have to leave their screen and they can control all the financial transactions. The Financial management system also supports Journal Entries and Charts.
Made with Customers in Mind
The Customers module also takes care of customer refunds, sales receipts, customer’s payments and a customer dashboard.
Similarly, the suppliers tab has tons of features to go with.
With the help of the Financial Management system, administrators can easily generate legal and generic reports. The system also supports viewing facts and reports in graphical mode composed of charts, pie, bars and more.
The financial Management system is completely configurable including Periods configuration, Journals, Taxes, Accounts, Financial Reports and Miscellaneous.
The faculty management system comes with a faculty dashboard. The faculty dashboard works seamlessly and can be used by faculty to take a look at the schedule or other information at a glance. The faculty dashboard also supports layout change for better user experience. Faculty can also request books and manage book queue requests.
With so much control in the hands, the educational institute can easily manage the finances of the institute.