Why Blackbaud Tuition Management™ is a Game-Changing AR Subledger
Datasheet
According to the National Association of Independent Schools, net tuition revenue makes up 79% of school income—on average—total giving 7%, and summer and other auxiliary programs 3%. That means the “other” category is the second highest at 11% of revenue.
Tracking where and how your school receives these other payments can be complicated. That is why we designed Blackbaud Tuition Management to work as an accounts receivable subledger to your general ledger. Here are the top five reasons this could be a game changer.
1. Consolidation
All student receivables are in one place—all tuition, technology, administrative, and incidental fees. This makes it easier for your business office to track payments and consolidates everything in one secure transaction portal for families.
2. Extensibility
Using “Buy Now Give Now” or the shopping cart feature allows families and your extended school population to pay for optional items—like athletic fees, prom tickets, yearbooks, school swag, and more—and to make donations with ease.
3. Engagement
Your team can communicate directly with families from within Blackbaud Tuition Management while maintaining a record of that communication in the family’s account. No more email threads scattered throughout inboxes, and everyone with approved access can view the records.
“When we first implemented Blackbaud Tuition Management, I have to laugh when I think about it, because the change in our workflow and processes was substantial.”
Jason Heitt
Director of Technology, Ensworth School
4. Flexibility
We empower your admins to manage all aspects of your receivable processes—such as adding fees, creating custom reports, and changing payment plans—without asking us to do things for you. Of course, Blackbaud offers accounting-specific assistance when needed, as well as chat and phone support and a vibrant online community with thousands of K–12 peer users.
5. Integration
When your tuition management subledger is fully integrated with our industry-leading general ledger—Blackbaud Financial Edge NXT®—your team saves time by reducing manual data entry and human error, with automated budgeting and reconciliation processes. With a mobile-friendly interface, single sign-on, and a comprehensive view of student and billing accounts, Blackbaud Tuition Management helps keep families engaged and your business office running smoothly.
What more can Blackbaud do to streamline your school operations?
Learn how Blackbaud can level up your team.
