Define and set up fee structures including tuition fees, examination fees, library fees, etc., based on various parameters such as course, semester, or category of students
Provide multiple payment options for students such as online payments, bank transfers, or cash payments
Facilitate fee collection through the ERP system, allowing students to pay fees electronically or in person at designated locations
Track fee payments in real-time, allowing administrators to monitor outstanding fees, generate fee reminders, and send notifications to students regarding pending payments
Automatically generate fee receipts for each transaction, providing students with a record of their payments
Calculate late fees or fines for overdue payments based on predefined rules and parameters
Manage fee refunds for students who withdraw from courses or request refunds for overpayments
Generate reports and analytics on fee collections, outstanding fees, payment trends, and revenue projections to aid in financial planning and decision-making
Define and set up various scholarships offered by the institution, including merit-based, need-based, or specific criteria scholarships
Specify eligibility criteria for each scholarship, such as academic performance, financial need, extracurricular achievements, etc
Provide an online platform for students to apply for scholarships, submit required documentation, and track the status of their applications
Evaluate scholarship applications and award scholarships to eligible students based on predefined criteria
Define and set up fine categories and corresponding penalty amounts for various infractions or overdue payments.
Automatically assess fines for late fee payments, library book returns, parking violations, etc., based on predefined rules and parameters
Send notifications to students informing them of fines incurred and provide details on how to make payments
Deduct fine amounts from student fee accounts or collect fines separately through the ERP system