Revolutionizing Fee Management: Smarter, Faster, Seamless! 

February 28, 2025

Fee



Greetings from Scool360!  

Seamless fee management is crucial for efficient school operations, ensuring accuracy, transparency, and convenience for administrators and parents. Traditional manual processes are error-prone and inefficient, making digital fee management solutions a necessity. Schools can streamline collections, enhance cash flow, and improve financial accountability by integrating real-time tracking, automated reminders, and modern payment options like UPI Net banking, etc.  

Discover how innovations like API Banking Integration make fee transactions in Scool360 seamless, secure, and transparent—enhancing convenience for both schools and parents. 

How Does Banking API and its Features Enhance Scool360? 

Our partnership with a leading nationalized bank brings seamless integration of Banking API into Scool360 transforming fee management with automated and secure financial transactions. It ensures seamless, cashless, and error-free fee collection with real-time tracking, automated reconciliation, and instant confirmations. Schools benefit from greater financial accuracy, transparency, and operational efficiency while offering parents convenient and flexible payment options. 

Product News 

Automated Bank Challan Generation  

Seamlessly integrated into the Scool360 Fee Management System, this feature revolutionizes fee collection by automating challan generation, ensuring secure, error-free, and paperless transactions. Schools can now benefit from real-time transaction monitoring, instant payment confirmations for cash payment options. 

Administrators can effortlessly generate and manage school, student, and bank copies of the challans, track payments, and download reports. Once a challan is generated, it is issued to the student/parent for payment at the designated bank. Upon successful payment, the challan receipt is submitted to the school. The school verifies the payment through the VAN (Virtual Account Number). Once confirmed, an API call is triggered to mark the payment as successful, and an official invoice is generated for the transaction. 

Virtual Account Number (VAN 

VAN generation supports Challan Generation by assigning unique virtual account numbers to each student’s transaction, allowing seamless cash payments at the bank. Schools can set an expiry date for VANs to ensure timely payments, prevent misuse, reduce administrative workload, and enhance financial transparency.  

Dynamic QR code Generation 

Dynamic QR Code Payment in Scool360 is an advanced, cashless feature designed to boost fee collection efficiency and security. Each transaction generates a unique QR code, allowing parents to scan and pay instantly via UPI. Real-time verification and automated reconciliation reduce manual errors and speed up transactions. This ensures greater accuracy, transparency, and a seamless payment experience for parents. The functionality also allows the retrieval of payment details for QR transactions using a reference number. 

What is in store for the future? 
Swipe Machine Integration 

We’re excited to upgrade Scool360’s Fee Management System with Swipe Machine Integration. This addition makes fee collection faster, more secure, and hassle-free. Schools can now accept instant payments via credit/debit cards or UPI using QR codes. It offers a seamless, cashless experience for both parents and administrators.

These upgrades show our commitment to delivering personalized, client-focused solutions. They enable timely, automated updates—saving time and reducing the risk of missed communication. 

Company News 

Collaboration Corner 

Onboarding new schools is well underway. Our team is actively handling data cleaning, importing, and finalizing modules. We’re also tailoring customization requests to meet each school’s needs. Along with core modules like Staff and Student Management, Communication, Fee Management, and Reporting, schools will benefit from new features. These include automated attendance, homework assignment management, and exam management—tools that streamline and enhance daily operations.  

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